What are the responsibilities and job description for the Asset & Wealth Management - Private Operational Risk - Associate - Dallas position at Goldman Sachs?
Overview
JOB DESCRIPTION
We are seeking a highly motivated and detail-oriented Operational Risk Associate to join our AM Private Operational Risk team. This position plays an integral role in supporting the risk management framework across multiple business segments within the Goldman Sachs Asset & Wealth Management (AWM) division. The primary responsibilities include proactive identification of operational risks, conducting root cause analysis, fostering business partnerships, promoting operational resilience, engaging stakeholders, evaluating controls, and implementing firmwide frameworks. Collaboration with various stakeholder groups throughout the firm and division—including investment teams, compliance, legal, operations, and other risk management functions—is essential to ensure comprehensive assessment of operational risks, effective operation of controls, and adherence to industry regulations as well as the firm's overarching risk management and governance standards.
How You Will Fulfill Your Potential
Segment Coverage
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.
We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.
We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
© The Goldman Sachs Group, Inc., 2023. All rights reserved.
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
JOB DESCRIPTION
We are seeking a highly motivated and detail-oriented Operational Risk Associate to join our AM Private Operational Risk team. This position plays an integral role in supporting the risk management framework across multiple business segments within the Goldman Sachs Asset & Wealth Management (AWM) division. The primary responsibilities include proactive identification of operational risks, conducting root cause analysis, fostering business partnerships, promoting operational resilience, engaging stakeholders, evaluating controls, and implementing firmwide frameworks. Collaboration with various stakeholder groups throughout the firm and division—including investment teams, compliance, legal, operations, and other risk management functions—is essential to ensure comprehensive assessment of operational risks, effective operation of controls, and adherence to industry regulations as well as the firm's overarching risk management and governance standards.
How You Will Fulfill Your Potential
Segment Coverage
- Collaborate with business leadership, deal teams, portfolio managers, traders, operations, and engineering partners to proactively identify and remediate areas of operational risk.
- Support the implementation of the firmwide risk framework, including documenting operational risk events, performing inherent risk assessments, and conducting control evaluations.
- Assist with escalation procedures and dissemination of significant events, facilitating the management of ongoing incidents.
- Conduct functional deep dive reviews and targeted risk assessments to identify, analyze, and address control gaps and emerging risks.
- Develop, analyze, and publish standardized control metrics, while developing business analytics tools (e.g. Tableau, Alteryx) to identify trends, errors and opportunities for process improvement.
- Manage governance and reporting of control and risk initiatives through advanced business analytics and visualization tools.
- Bachelor’s degree in finance, Economics, Business Administration, or a related discipline.
- Minimum of 3 years’ experience in asset management, private investing, alternatives investing, non-financial risk management, compliance, or a related area within the asset management sector.
- Demonstrated analytical and problem-solving abilities.
- Strong proficiency in Microsoft Office Suite, including Excel, PowerPoint, and Word.
- Strong proficiency in workflow tools such as Tableau for dashboard development.
- Experience utilizing AI tools, data mining, and techniques for analyzing unstructured data.
- Exceptional communication and people skills, with the capacity to collaborate effectively within a team.
- Self-driven, able to proactively identify and resolve issues.
- Meticulous attention to detail and commitment to accuracy.
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.
We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.
We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
© The Goldman Sachs Group, Inc., 2023. All rights reserved.
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.