Asset Wealth Management Operations - Control Strategy - Associate - Birmingham - #1703739

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 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 credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm. Our primary objectives are to create the key control inventory and process-risk-control artefacts across the division, report on the health of the division's control landscape, and elevate controls to optimize our operating platform. This role ensures the effectiveness of controls supporting AWM's business activities, driving consistency, transparency and accountability across the division. 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.

We are looking for a highly motivated Associate to join the Control Strategy team with a focus on Non-Financial Risk (NFR). NFR refers to risks that do not stem from financial market movements but can impact an organization's operations, reputation or regulatory standing. These risks include - operational risk, conduct risk, regulatory risk, reputational risk, technology and cyber risk, third-party risk and environmental risk. The ideal candidate will have a strong understanding of risk management, governance frameworks, controls and regulatory requirements.

HOW YOU WILL FULFILL YOUR POTENTIAL

Risk & Control

• Develop an in-depth knowledge of the risk and control profile across Asset & Wealth Management
• Assist in designing and implementing control strategy to manage non-financial risk in a consistent manner across the division
• Prepare materials for governance forums, risk committees including reporting on the health of the division's control landscape
• Facilitate the implementation of controls technology to enhance the control framework
• Ability to rationalize controls and ensure alignment with the right risks and processes
• Design, develop and Implement Key Control Indicators (KCIs) to effectively monitor and assess the performance of key controls ensuring alignment with regulatory expectations and risk management framework

• Bachelor's degree and 3+ years of experience within a risk management context and a solid understanding of the Asset & Wealth Management franchise
• Proactive and detail-oriented, with strong analytical, lateral thinking and organizational skills
• Ability to navigate data sets, develop metrics and perform analysis
• Excellent communication skills to clearly articulate issues and ideas with different levels across Asset & Wealth Management stakeholders
• Innovative mindset with a sharp focus on identifying and implementing practical control enhancements and automation possibilities
• Effective influencing skills to challenging the status quo and continuously enhance the control environment
• Ability to document process / risk / control mapping
• Ability to perform data analytics using metrics to identify trends and themes
• Strong time management skills to effectively prioritize, multi-task and meet time-sensitive deadlines
• Highly driven and motivated to improve personal performance, broaden knowledge, strong work ethic, and persist in the face of obstacles or setbacks
• Strong interpersonal and teamwork skills to collaborate as a global team and build strong relationships with key stakeholders across divisions
• Strategic thinker who anticipates questions, analyzes complex issues, plans for contingencies and identifies alternative solutions and clear objectives
• Proven track record to deliver and enhance measurable business outcomes and products, resulting in significant impact

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.