What are the responsibilities and job description for the AWM, Marcus by Goldman Sachs, Business Controls, Risk Reporting, Associate, Richardson, TX position at Goldman Sachs?
Job Description
YOUR IMPACT
We are seeking an experienced Risk Reporting Associate for Marcus US Deposits within the Asset Wealth Management (AWM) Division. This role is part of Marcus Deposit’s first line of defense Business Controls team, and will execute risk and controls reporting for business and Board risk reporting
OUR IMPACT
Within Asset & Wealth Management, we seek to provide innovative investment solutions to help our clients meet their financial goals. We work with specialists and groups from around the firm to help individuals and institutions across various industries navigate changing markets and to provide them with a diverse offering of product solutions.
As part of AWM, Marcus US Deposits is the Consumer deposits business, offering savings accounts and certificates of deposits to our customers to manage their financial goals. Our growth is driven by a relentless focus on our people, our clients, and leading-edge technology, data and design. We value self-starters with an entrepreneurial spirit, providing the support and resources to ensure your success.
Marcus US Deposits Business Controls is a first-line risk and controls management function which ensures process and controls design, controls assessment, issues management, controls monitoring and testing, risk reporting and governance.
Our primary objective is to elevate our controls environment to enable growth and scalability of the business in a well-managed way. It is a critical function to mitigate risk within Marcus US Deposits and Goldman Sachs as a whole. This function collaborates strongly with other functions in Business Controls to ensure proactive risk assessment, control design and enhancement. We are looking for people with strong analytical and quantitative backgrounds and a strong interest in financial services. We seek bright and dynamic individuals with a quantitative orientation, basic financial acumen, and fluency with risk and controls.
How You Will Fulfill Your Potential
As part of the broader Business Controls team, the Risk Reporting Associate focuses on assessing, designing and executing risk reporting requirements to meet various first- and second-line risk reporting requirements
Role Requirements
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
Applicants who wish to request for a medical or religious accommodation, or any other accommodation required under applicable law, can do so later in the process. Please note that accommodations are not guaranteed and are decided on a case-by-case basis.
© The Goldman Sachs Group, Inc., 2024. All rights reserved.
YOUR IMPACT
We are seeking an experienced Risk Reporting Associate for Marcus US Deposits within the Asset Wealth Management (AWM) Division. This role is part of Marcus Deposit’s first line of defense Business Controls team, and will execute risk and controls reporting for business and Board risk reporting
OUR IMPACT
Within Asset & Wealth Management, we seek to provide innovative investment solutions to help our clients meet their financial goals. We work with specialists and groups from around the firm to help individuals and institutions across various industries navigate changing markets and to provide them with a diverse offering of product solutions.
As part of AWM, Marcus US Deposits is the Consumer deposits business, offering savings accounts and certificates of deposits to our customers to manage their financial goals. Our growth is driven by a relentless focus on our people, our clients, and leading-edge technology, data and design. We value self-starters with an entrepreneurial spirit, providing the support and resources to ensure your success.
Marcus US Deposits Business Controls is a first-line risk and controls management function which ensures process and controls design, controls assessment, issues management, controls monitoring and testing, risk reporting and governance.
Our primary objective is to elevate our controls environment to enable growth and scalability of the business in a well-managed way. It is a critical function to mitigate risk within Marcus US Deposits and Goldman Sachs as a whole. This function collaborates strongly with other functions in Business Controls to ensure proactive risk assessment, control design and enhancement. We are looking for people with strong analytical and quantitative backgrounds and a strong interest in financial services. We seek bright and dynamic individuals with a quantitative orientation, basic financial acumen, and fluency with risk and controls.
How You Will Fulfill Your Potential
As part of the broader Business Controls team, the Risk Reporting Associate focuses on assessing, designing and executing risk reporting requirements to meet various first- and second-line risk reporting requirements
Role Requirements
- Develop and execute a plan to execute various risk reporting requirements through the year.
- Develop suitable Key Risk Indicators (KRIs) and Key Control Indicators (KCIs) to provide risk insights to senior leadership.
- Design risk profile reporting to inform stakeholders about key business risks and control effectiveness.
- Collaborate with cross-functional teams for intake and to review reporting outcomes.
- Present risk reports to Business stakeholders and Risk committees.
- Streamline reporting through automation of data sourcing, aggregation and reporting output.
- Collaborate with internal stakeholders to infuse a culture of risk awareness and regulatory compliance.
- Contribute to Business Controls initiatives by providing expertise and thought leadership.
- A minimum of 4-5 years of experience in Operational Risk, Compliance, Controls or Audit functions in the financial services industry.
- Bachelor's degree required; an advanced degree or relevant professional certifications in Finance or Risk Management would be advantageous.
- Understanding of Consumer banking processes in a risk management context
- Experience with Tableau or other reporting/ data analytics tools such as Databricks, Snowflake, SQL etc.
- Expertise in leading, developing and implementing a Risk reporting function.
- Strong data analytics and written communication skills.
- Hands-on experience with data analytics and reporting tools like Databricks, Tableau, Snowflake, SQL
- Strong analytical orientation, lateral thinking, organizational, influencing skills and attention to detail.
- Strong leadership skills
- Excellent communication and interpersonal skills to effectively engage with internal and external stakeholders.
- Ability to work autonomously and navigate complex organizational structure.
- Good influencing skills to challenge the status quo and enhance the control environment.
- Track record of delivering and enhancing measurable, impactful business outcomes
- 2-3 years Consumer Banking experience, specifically in Risk Reporting
- Working knowledge of financial, operational, compliance, and reputation risks
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
Applicants who wish to request for a medical or religious accommodation, or any other accommodation required under applicable law, can do so later in the process. Please note that accommodations are not guaranteed and are decided on a case-by-case basis.
© The Goldman Sachs Group, Inc., 2024. All rights reserved.
