What are the responsibilities and job description for the Asset & Wealth Management, Risk Governance, Associate - Dallas position at Goldman Sachs?
Job Description
Asset & Wealth Management Divisional Overview
A career with Goldman Sachs Asset & Wealth Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world’s leading asset managers with over $3.14 trillion in assets under supervision globally, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions and building meaningful relationships with your clients. 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. Bringing together traditional and alternative investments, Goldman Sachs Asset & Wealth Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals.
YOUR IMPACT
Are you a strategic thinker with a strong work ethic, desire to work within a growing global business, and ability to think outside the box? Associates on the Asset & Wealth Management Risk Team will gain exposure and access to senior managers, build expertise in risk identification and risk management, and develop a deeper understanding of our business. The team is seeking candidates who can thrive in a fast-paced environment where attention to detail, strong communication skills, and passion for working with others are essential to maintaining and enhancing our business.
OUR IMPACT
Asset & Wealth Management
The Asset & Wealth Management Risk and Governance Associate you will play a pivotal role in a high-priority strategic program: the development and implementation of a comprehensive Global Risk Profile. This initiative is designed to unify risk oversight across our main business segments, as well as our globally regulated entities, ensuring a consistent approach to identifying, quantifying, and mitigating risks in an increasingly complex macroeconomic and regulatory environment.
This role involves collaborating with various stakeholders across the organization to support the development and maintenance of the AWM Risk Profile. This will involve identifying critical risks, developing sophisticated scoring methodologies and translating these into functional requirements for Business Intelligence teams. This role also includes active stakeholder engagement and managing deliverables within project timelines and provides actionable insights for Executive level leadership.
This is a unique opportunity for an emerging professional to gain exposure to multi-asset class risk management, strategic project execution, and high-level stakeholder engagement within a premier financial institution.
How You Will Fulfill Your Potential
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.
Asset & Wealth Management Divisional Overview
A career with Goldman Sachs Asset & Wealth Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world’s leading asset managers with over $3.14 trillion in assets under supervision globally, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions and building meaningful relationships with your clients. 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. Bringing together traditional and alternative investments, Goldman Sachs Asset & Wealth Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals.
YOUR IMPACT
Are you a strategic thinker with a strong work ethic, desire to work within a growing global business, and ability to think outside the box? Associates on the Asset & Wealth Management Risk Team will gain exposure and access to senior managers, build expertise in risk identification and risk management, and develop a deeper understanding of our business. The team is seeking candidates who can thrive in a fast-paced environment where attention to detail, strong communication skills, and passion for working with others are essential to maintaining and enhancing our business.
OUR IMPACT
Asset & Wealth Management
The Asset & Wealth Management Risk and Governance Associate you will play a pivotal role in a high-priority strategic program: the development and implementation of a comprehensive Global Risk Profile. This initiative is designed to unify risk oversight across our main business segments, as well as our globally regulated entities, ensuring a consistent approach to identifying, quantifying, and mitigating risks in an increasingly complex macroeconomic and regulatory environment.
This role involves collaborating with various stakeholders across the organization to support the development and maintenance of the AWM Risk Profile. This will involve identifying critical risks, developing sophisticated scoring methodologies and translating these into functional requirements for Business Intelligence teams. This role also includes active stakeholder engagement and managing deliverables within project timelines and provides actionable insights for Executive level leadership.
This is a unique opportunity for an emerging professional to gain exposure to multi-asset class risk management, strategic project execution, and high-level stakeholder engagement within a premier financial institution.
How You Will Fulfill Your Potential
- Strategic Program Support
- Risk Profiling: Assist in the design and population of the firm’s global risk profile, covering Market, Credit, Liquidity, Operational, and Fiduciary risks.
- Data Aggregation: Collect and synthesize complex datasets from various business units (Asset Management, Private Wealth, and Alternatives) to create a "single source of truth" for risk reporting.
- Project Coordination: Support the Program Management Office (PMO) in tracking milestones, managing documentation, and ensuring the timely delivery of strategic risk workstreams.
- Risk Analysis & Reporting
- Quantitative Analysis: Develop and maintain the scoring logic used to rate risks across the division.
- Dashboarding: Help develop and maintain interactive risk dashboards for senior management, highlighting emerging trends and potential limit breaches.
- Act as the primary liaison between the Risk Governance team and technical BI teams.
- Draft detailed Business Requirement Documents (BRD) for automated risk reports.
- Define data sourcing requirements to move from manual reporting to automated, "single-source-of-truth" metrics.
- Lead User Acceptance Testing (UAT) to ensure dashboards accurately reflect the intended risk logic and data integrity.
- Process Streamlining
- Identify efficiencies in how risk data is collected and reported across different business lines.
- Ensure alignment with enterprise-wide standards
- Stakeholder Engagement
- Cross-Functional Collaboration: Work closely with Risk leads and Operational Risk coverage teams, Compliance, and Operations to validate risk assumptions and refine risk appetite statements.
- Meeting Facilitation: Prepare presentation materials for Risk Committees and Board-level updates regarding the progress of the strategic risk program.
- Committee & Council Support
- Prepare high-quality presentation materials for council/Committee meetings.
- Engage with senior stakeholders to identify "deep dive" topics for upcoming meetings.
- Monitor metrics and provide commentary on breaches or emerging trends.
- 1-5 years of experience of experience in risk management, governance or business analysis.
- Exposure to financial services, operational risk, audit or risk management a plus
- Familiarity with asset and wealth management products, services, and regulations (e.g., mutual funds, ETFs, hedge funds, private equity, wealth advisory practices)
- Excellent analytical, problem-solving, and communication skills (both written and verbal)
- Ability to translate complex risk concepts into simple visual requirements for developers and executive summaries
- Ability to work independently and as part of a team
- Bachelor's degree in Finance, Economics, Data Analytics, or a related field.
- Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint), and project management tools.
- Strong understanding of how data is structured; experience with SQL or Tableau/PowerBI is a plus
- Strong project management skills, with a proven ability to manage deliverables within project timelines.
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.
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