Goldman Sachs
Corporate Planning & Management-Monitor and Testing-Dallas-Associate
Goldman Sachs, Dallas, Texas, United States, 75215
Corporate Planning & Management-Monitor and Testing-Dallas-Associate
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The
Corporate Planning & Management (CPM)
Division unifies Finance & Planning, Spend Management, Operational Risk and Resilience, and CPM Engineering teams to deliver business planning and analytics, expense management, third party risk management, and governance strategies across the firm. CPM has five operating pillars.
Finance & Planning
supports the execution of the firm’s strategic objectives through the management of the planning process, firmwide reporting and analytics and insights into the firm’s business plans and budgets. They develop a consistent framework for revenue division projections creating transparency, accountability and efficiency around projections. This pillar also includes the CF&O, EO and Engineering divisional CFOs, who are strategic finance advisors helping the firm and the non-revenue divisions achieve commercial financial opportunities.
Product Finance
is responsible for the overall governance and proactive management of the firm’s non-compensation expenses.
Spend Management
encompasses the functions responsible for managing all aspects of the firm's spend with third parties - advising commercial agreements and driving operating efficiency. Departments include Strategic Sourcing, Procure to Pay, Integrated Travel and Expense, Infrastructure and Transformation and Sustainable Operations.
Operational Risk & Resilience
drives firmwide Operational Risk programs along with second line teams and implements required changes within CPM. The Corporate Insurance & Advisory team in this pillar identifies, procures, and manages corporate insurance needs for the firm and its investing businesses.
The
CPM Engineering
team provides engineering solutions that enable the firm to manage third-party spend, data and automation, plan budgets, forecast financial scenarios, allocate expenses and support corporate decision making in‑line with the firm’s strategic objectives.
Role Overview
The role requires collaboration with all CPM Pillars and different functions such as Compliance, Risk across the firm on a regular basis, an ability to work independently, and ability to interact with senior professionals across the firm. The role will sit within CPM Divisional Risk Team.
Monitoring & Testing
The Monitoring & Testing function will implement an evaluation framework to continuously monitor the efficacy of our processes, systems, and controls, and ensure their performance and compliance through robust testing methods, positioning itself as a critical function in mitigating risk within Corporate Planning & Management and Goldman Sachs as a whole. This partnership with strategic efforts across the firm allows for close collaboration with the other all pillars across CPM, providing opportunities for experience and influence in other areas. CPM Monitoring & Testing team is looking for people with strong quantitative and technical backgrounds and a strong interest in Risk Management. We seek bright and dynamic individuals with a quantitative orientation, basic financial acumen, and fluency with programming tangible experience in Monitoring & Testing and/or Control Testing.
Job Responsibilities Will Include, But Are Not Limited To
Develop an in‑depth knowledge of the risk and control profile across Corporate Planning & Management
Partner with the CPM Pillars 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
Conduct comprehensive reviews and evaluations of processes, controls, and procedures to ensure adherence to regulatory requirements and firmwide policies and standards
Perform risk assessments and gap analysis to identify remediation requirements and areas of improvement and facilitate development of action plans to address any identified deficiencies and share best practices across teams and functions
Provide risk management consulting to support the business in designing and implementing risk mitigation strategies, business processes and business controls
Advise, challenge and inform the CPM Pillars on recommended ways to mitigate risk; review action items to ensure that risk is being sufficiently addressed
Monitor moderately complex business specific programs and provide risk management consulting to support the business in designing and implementing risk mitigation strategies
Monitor, measure, evaluate, and report on the impact due to control deficiencies to relevant business group or functional area
Provide guidance to business groups on the development, implementation, and monitoring of business specific programs to identify, assess, and mitigate risk
Collaborate with the stakeholders across CPM Pillars to identify current and emerging risks associated with business activities and operations
Collaborate and consult with colleagues, management, and pillars regarding risk management
Key Skills Required
Strong understanding of Risk Management, Control Testing, and relationship between controls and mitigating risks is required – able to identify key business risks, assessing their potential impact, and prioritizing controls based on risk levels
Exposure to qualitative and quantitative controls and data testing across financial products
Able to design and execute control testing procedures and test scripts
Proactive with strong analytical orientation, lateral thinking, organizational, influencing skills and attention to detail are required
Ability to navigate data sets, develop metrics and perform analysis using metrics to identify trends and anomalies
Knowledge of relevant regulatory requirements (e.g., SOX, GDPR) and audit methodologies and frameworks
Proficiency with data analysis software / tools
Excellent communication skills to clearly articulate issues and ideas with different levels across CPM, Risk and Compliance stakeholders as necessary
Innovative, including a keen eye for identifying areas of control enhancements and automation which have practical value
Good influencing skills and ability to challenge status quo and continuously enhance the control environment
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
Able to see the big picture and effectively analyze complex issues
Experience in Vendor Management and/or Procurement Operations would be beneficial
CRISC, CISA, FRM or equivalent professional certifications preferred
Qualifications
Relevant Bachelor’s degree in Engineering, Risk Management, or equivalent qualification with an excellent academic record
7+ years of experience in control Monitoring & Testing and/or Risk & Compliance, Operational risk management and/or Vendor Management, Procurement Operations
Ability to work independently under general supervision with latitude for initiative and independent judgement
Ability to consult, build, maintain solid working relationships in and outside of the CPM division
Ability to manage initiatives involving process improvements
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/disabilitystatement. html © The Goldman Sachs Group, Inc., 2024. All rights reserved.
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The
Corporate Planning & Management (CPM)
Division unifies Finance & Planning, Spend Management, Operational Risk and Resilience, and CPM Engineering teams to deliver business planning and analytics, expense management, third party risk management, and governance strategies across the firm. CPM has five operating pillars.
Finance & Planning
supports the execution of the firm’s strategic objectives through the management of the planning process, firmwide reporting and analytics and insights into the firm’s business plans and budgets. They develop a consistent framework for revenue division projections creating transparency, accountability and efficiency around projections. This pillar also includes the CF&O, EO and Engineering divisional CFOs, who are strategic finance advisors helping the firm and the non-revenue divisions achieve commercial financial opportunities.
Product Finance
is responsible for the overall governance and proactive management of the firm’s non-compensation expenses.
Spend Management
encompasses the functions responsible for managing all aspects of the firm's spend with third parties - advising commercial agreements and driving operating efficiency. Departments include Strategic Sourcing, Procure to Pay, Integrated Travel and Expense, Infrastructure and Transformation and Sustainable Operations.
Operational Risk & Resilience
drives firmwide Operational Risk programs along with second line teams and implements required changes within CPM. The Corporate Insurance & Advisory team in this pillar identifies, procures, and manages corporate insurance needs for the firm and its investing businesses.
The
CPM Engineering
team provides engineering solutions that enable the firm to manage third-party spend, data and automation, plan budgets, forecast financial scenarios, allocate expenses and support corporate decision making in‑line with the firm’s strategic objectives.
Role Overview
The role requires collaboration with all CPM Pillars and different functions such as Compliance, Risk across the firm on a regular basis, an ability to work independently, and ability to interact with senior professionals across the firm. The role will sit within CPM Divisional Risk Team.
Monitoring & Testing
The Monitoring & Testing function will implement an evaluation framework to continuously monitor the efficacy of our processes, systems, and controls, and ensure their performance and compliance through robust testing methods, positioning itself as a critical function in mitigating risk within Corporate Planning & Management and Goldman Sachs as a whole. This partnership with strategic efforts across the firm allows for close collaboration with the other all pillars across CPM, providing opportunities for experience and influence in other areas. CPM Monitoring & Testing team is looking for people with strong quantitative and technical backgrounds and a strong interest in Risk Management. We seek bright and dynamic individuals with a quantitative orientation, basic financial acumen, and fluency with programming tangible experience in Monitoring & Testing and/or Control Testing.
Job Responsibilities Will Include, But Are Not Limited To
Develop an in‑depth knowledge of the risk and control profile across Corporate Planning & Management
Partner with the CPM Pillars 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
Conduct comprehensive reviews and evaluations of processes, controls, and procedures to ensure adherence to regulatory requirements and firmwide policies and standards
Perform risk assessments and gap analysis to identify remediation requirements and areas of improvement and facilitate development of action plans to address any identified deficiencies and share best practices across teams and functions
Provide risk management consulting to support the business in designing and implementing risk mitigation strategies, business processes and business controls
Advise, challenge and inform the CPM Pillars on recommended ways to mitigate risk; review action items to ensure that risk is being sufficiently addressed
Monitor moderately complex business specific programs and provide risk management consulting to support the business in designing and implementing risk mitigation strategies
Monitor, measure, evaluate, and report on the impact due to control deficiencies to relevant business group or functional area
Provide guidance to business groups on the development, implementation, and monitoring of business specific programs to identify, assess, and mitigate risk
Collaborate with the stakeholders across CPM Pillars to identify current and emerging risks associated with business activities and operations
Collaborate and consult with colleagues, management, and pillars regarding risk management
Key Skills Required
Strong understanding of Risk Management, Control Testing, and relationship between controls and mitigating risks is required – able to identify key business risks, assessing their potential impact, and prioritizing controls based on risk levels
Exposure to qualitative and quantitative controls and data testing across financial products
Able to design and execute control testing procedures and test scripts
Proactive with strong analytical orientation, lateral thinking, organizational, influencing skills and attention to detail are required
Ability to navigate data sets, develop metrics and perform analysis using metrics to identify trends and anomalies
Knowledge of relevant regulatory requirements (e.g., SOX, GDPR) and audit methodologies and frameworks
Proficiency with data analysis software / tools
Excellent communication skills to clearly articulate issues and ideas with different levels across CPM, Risk and Compliance stakeholders as necessary
Innovative, including a keen eye for identifying areas of control enhancements and automation which have practical value
Good influencing skills and ability to challenge status quo and continuously enhance the control environment
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
Able to see the big picture and effectively analyze complex issues
Experience in Vendor Management and/or Procurement Operations would be beneficial
CRISC, CISA, FRM or equivalent professional certifications preferred
Qualifications
Relevant Bachelor’s degree in Engineering, Risk Management, or equivalent qualification with an excellent academic record
7+ years of experience in control Monitoring & Testing and/or Risk & Compliance, Operational risk management and/or Vendor Management, Procurement Operations
Ability to work independently under general supervision with latitude for initiative and independent judgement
Ability to consult, build, maintain solid working relationships in and outside of the CPM division
Ability to manage initiatives involving process improvements
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/disabilitystatement. html © The Goldman Sachs Group, Inc., 2024. All rights reserved.
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