Asset & Wealth Management – Control Office – Issue Management – Dallas – Associate
Job Description
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, Global Markets and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Bangalore, Hong Kong and other major financial centers around the world.
Asset & Wealth Management
Bringing together traditional and alternative investments, we provide clients around the world with a dedicated partnership and focus on long-term performance. As the firm’s primary investment area, we provide investment and advisory services for some of the world’s leading pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals, for which we oversee more than $2 trillion in assets under supervision. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. We are:
Investors, spanning traditional and alternative markets offering products and services
Advisors, understanding our clients’ priorities and poised to help provide investment advice and strategies that make sense for their portfolios
Thought Leaders, providing timely insights across macro and secular themes to help inform our clients’ investment decisions
Innovators, using our suite of digital solutions to help our clients address complex challenges and meet their financial goals
YOUR IMPACT
The Asset & Wealth Management (AWM) Control Office is a recently established group in the Risk organization overseeing the division’s key control design standards. The Risk division is responsible for the execution of a risk governance framework and establishing appropriate risk management, best practices holistically across our business, including identification, measurement, monitoring, escalation and remediation of applicable risks within AWM. Our primary objectives are to ensure adherence to control standards, monitoring and testing of control effectiveness, and identifying opportunities for control improvement, including convergence and automation. This group comprises of six critical functions, including (1) Control Office Management, (2) Control Strategy, (3) Monitoring & Testing, (4) Firmwide Policy Oversight Group, (5) Regulatory Inventory Traceability, and (6) Issue Management.
Issue Management is one of the key pillars in an effective enterprise risk governance framework. An effective Issue Management program helps the firm, and its businesses proactively identify and manage risks and exposes existing and potential vulnerabilities in our control environment. It serves as the foundation to enable deep rooted and holistic remediation, drive risk ownership and accountability, and provide horizontal transparency for management to gauge and improve the health of our overall risk management programs.
We are seeking an experienced Associate for our Issues Management Team within the AWM Control Office. In this role, the candidate will look to strengthen our monitoring and collaborate with various stakeholders to create innovative solutions to complex issues. The ideal candidate will have a strong understanding of risk management, governance frameworks, and a strong control mindset.
HOW YOU WILL FULFILL YOUR POTENTIAL
Assist in remediation planning and identification of issues by monitoring business health and delivering the improvement/process on time.Proactively investigate and escalate potential issues as appropriateWork closely with cross functional partners to ensure collaboration and process efficiencies are maintainedDrives improvements in business processes and ensures optimal resource utilization and audit compliant administrative process and strategyUnderstand and apply the firm's issue management governance, including applicable policies, frameworks and standards. Advise, challenge and influence on recommended ways to mitigate riskEngage and communicate effectively with all levels of stakeholders across AWM on effective review of issues, including root causes analysis, remediation and lessons learnedAnalyze AWM issues for macro themes, patterns, clustering and emerging risksDevelop data-driven analysis, qualitative assessments and analytical visualizationsPrepare management reporting for senior management and stakeholders across the firm to provide a holistic and actionable understanding of AWM issues
SKILLS & QUALIFICATIONS
Bachelor’s degree and 3+ years of experience within a risk management or control discipline context and a solid understanding of the Asset & Wealth Management franchise Exceptional analytical, problem solving, critical thinking and project management skills with a proven track record of execution against deadlinesExperience with managing internal and external audits, fostering effective stakeholder relationshipsExperience in delivering informative metrics and quantitative analysis to support management reportingInnovative mindset with a sharp focus on identifying and implementing practical control enhancements and automation possibilitiesEffective influencing skills to challenge the status quo and continuously improving the control environmentExcellent communication skills to clearly articulate issues and ideas with different levels across Asset & Wealth Management stakeholdersStrong time management skills to effectively prioritize, multi-task and meet time-sensitive deadlinesStrategic thinker who anticipates questions, analyzes complex issues, plans for contingencies and identifies alternative solutions and clear objectives