Goldman Sachs Bank AG
Global Banking & Markets Operations - Controls Monitoring & Testing - Associate
Goldman Sachs Bank AG, Dallas, Texas, United States, 75215
Global Banking & Markets Operations - Controls Monitoring & Testing - Associate - Dallas location_on Dallas, Texas, United States
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
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.
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.
Healthcare & Medical Insurance We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short‑term disability, long‑term disability, life, accidental death, labor accident and business travel insurance.
Financial Wellness & Retirement We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.
Health Services We offer medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state‑of‑the‑art on‑site health centers in certain offices.
Fitness To encourage employees to live a healthy and active lifestyle, some offices feature on‑site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre‑approved amount).
Child Care & Family Care We offer on‑site child care centers that provide full‑time and emergency back‑up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.
Benefits at Goldman Sachs Read more about the full suite of class‑leading benefits our firm has to offer.
#J-18808-Ljbffr
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
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.
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.
Healthcare & Medical Insurance We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short‑term disability, long‑term disability, life, accidental death, labor accident and business travel insurance.
Financial Wellness & Retirement We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.
Health Services We offer medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state‑of‑the‑art on‑site health centers in certain offices.
Fitness To encourage employees to live a healthy and active lifestyle, some offices feature on‑site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre‑approved amount).
Child Care & Family Care We offer on‑site child care centers that provide full‑time and emergency back‑up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.
Benefits at Goldman Sachs Read more about the full suite of class‑leading benefits our firm has to offer.
#J-18808-Ljbffr