Global Banking & Markets Operations - Controls Monitoring & Testing - Associate - Dallas

At 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

We make markets in and clear client transactions on major stock, options and futures exchanges worldwide. Through our global sales force, we maintain relationships with our clients, receiving orders and distributing investment research, trading ideas, market information and analysis.

OPERATIONS

Operations is a dynamic, multi-faceted organization that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.

YOUR IMPACT

Do you have a deep subject matter expertise and a passion for risk & control management? We're looking for a professional to join our First line Risk Management team within Global Banking & Markets (GBM).

Controls Monitoring & Testing is a new function within the Strategy and Analytics group that focuses on evaluating and enhancing processes, systems, and controls through target testing and continuous improvement. As an Associate, you will be a part of this start-up journey and 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.

OUR IMPACT

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.

JOB SUMMARY AND RESPONSBILITIES

Risk & Control Role

• 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 Role

• Identify continuous improvement mechanisms to strengthen the framework based on ever-evolving changes in process, regulations & platforms
• Partner with developers and low-code specialists to develop tooling to support test execution and the continuous monitoring of business processes.
• 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
• 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

SKILLS & EXPERIENCE WE ARE LOOKING FOR

BASIC QUALIFICATIONS

• Bachelor's degree with at least 3-5 years of experience in a global firm with Risk and Control / Audit / Compliance / Project Management background
• Good understanding of the global markets franchise offered by the firm and experience within a risk management context are required.
• 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.
• Strong analytical skills with an ability to understand complex workflows paired with meticulous attention to detail
• Ability to steer a conversation among different stakeholders and form views that incorporate feedback and continue pushing for deliverables
• Excellent communication skills to clearly articulate issues and ideas with different levels across Global Banking & Markets stakeholders.
• Self-motivated and proactive team player, who takes ownership and accountability of projects, has strong organizational skills as well as the ability to effectively manage competing priorities within deadlines,
• Flexible and able to work well under pressure in a team environment.

PREFERRED EXPERIENCE

• Experience in audit / testing methodologies, Control testing (manual & automated)
• Practical experience in Sales and Trading, Risk or Operations functions.
• Experience in assessing or enhancing business processes and workflows.
• Working knowledge of financial markets, regulatory landscape and associated processes
• Working knowledge of financial products, e.g. equities, fixed income products, exchange traded derivatives, OTC derivatives,
• Working knowledge of project management and business analysis
• Data Analytics
  
  
  
  • Working experience of operating on large data sets using business intelligence tools such as:
    
    
    
    • SQL
    • Alteryx
    • Python
    
    
  
  
• Working knowledge of data visualization tools such as Tableau

ABOUT GOLDMAN SACHS

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