Goldman Sachs is Hiring a Global Banking & Markets Operations-Monitoring & Testing-Associate-Dallas Near Dallas, TX
Job DescriptionAt Goldman Sachs, we connect people, capital and ideas to help solve problems for our clients. We are a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. For us, it’s all about bringing together people who are curious, collaborative and have the drive to make things possible for our clients and communities. GLOBAL BANKING & MARKETS Our core value is building strong relationships with our institutional clients, which include corporations, financial service providers, and fund managers. We help them buy and sell financial products on exchanges around the world, raise funding, and manage risk. This is a dynamic, entrepreneurial team that includes individuals who have a passion for the markets and who thrive in fast-paced, changing environments and are energized by a bustling trading floor. THE ROLE & YOUR IMPACTDo you have a deep subject matter expertise and a passion for risk & control management? We’re looking for a professionals to join our First line Risk Management team within the Global Banking and Markets (GBM). The Quality Assurance & Monitoring team is a new function within the Strategy and Analytics group that focuses on enhancing monitoring of the process, system & controls efficacy and evaluates the performance & compliance of a process or control through robust testing methods. As an Associate, you will be a part of this start-up journey involved in independently assessing the division’s overall control environment through a strong Monitoring & Testing framework. In doing so, you are supporting the provision of independent, objective and timely assurance around the firm’s internal control structure. How You Will Fulfill Your PotentialRisk & Control Hat
Develop an in-depth knowledge of the operational risk and control profile across Global Banking & Markets (GBM)
Advise, challenges, informs the businesses on recommended ways to mitigate risk; reviews actions items to ensure that risk is being sufficiently addressed
Sets the tone from the top: Acts as a culture carrier by embedding & propagating a risk mind-set and awareness within the team, region & globally
Identifies ways to share risk best practice across teams and functions, and with other business lines where like processes exist/there is exposure to similar risk
Partner with the business lines to understand the residual risks that exist after issues are resolved and engage across the front to back to apply lessons learned to improve our risk and control framework
QA / Technical Hat
Develop Control QA & Monitoring framework. Identify continuous improvement mechanisms to strengthen the framework based on ever-evolving changes in process, regulations & platforms
Work with our QA team to design tests for data quality, lineage and controls across a range of products, business lines and processes, including both manually and systematically created data. Develop methodologies to define test scripts, execute tests, including frequency, sampling, evidencing, and follow-up actions which integrate with the broader Divisional risk management framework and datasets
Partner with developers and low-code specialists to develop tooling to support test execution, recordkeeping and reporting
Work with our BI team in building data models / data visualization for generating multi-dimensional reporting
Maintain strong relationships and connectivity with the broader control and data organizations to enable maintenance of the test suites as the operating and control environment changes
Execute test suites using manual and automated techniques, and integrate results into the broader risk management framework, including control enhancements and risk assessments
participate in the ongoing uplift and innovation of operational risk processes designed which facilitate GBM Operational Risk & Resilience (ORR) supervisors and leadership’s understanding and management of their risk and controls.
Coordinate end-to-end risk management delivery with other Divisions, such Compliance, Legal, Risk and Internal Audit as well as support regulatory interactions
Basic QualificationsSKILLS & EXPERIENCE WE’RE LOOKING FOR
Good understanding of the global markets franchise offered by the firm and experience within a risk management context are required.
An energetic self-starter with strong control mindset with a passion for risk management
Excellent communication skills to clearly articulate issues and ideas with different levels across Global Banking and Markets stakeholders.
Strong analytical skills with an ability to understand complex workflows, and excellent attention to details.
Innovative, including a keen eye for identifying areas of control enhancements and automation which have practical value. Good influencing skills to challenging the status quo and continuously enhance the control environment. There is also opportunity within the role to learn and apply advanced analytics software to develop low code risk management solutions.
Sound time management skills to be able to effectively prioritize and multi-task.
Drive and motivation to improve personal performance, broaden knowledge, work intensely towards extremely challenging goals and persist in the face of obstacles or setbacks
Good interpersonal and teamwork skills to collaborate as a global team and build strong relationship with key stakeholders across Divisions.
Keeps current with emerging business, economic and market trends
Aptitude handling large data sets, synthesizing a variety of information to summarize a profile.
Proficient in Excel, PowerPoint, MS Word
Preferred Qualifications
Practical experience in Sales and Trading, Risk or Operations functions.
Experience in audit / testing methodologies, Control testing (manual & automated)