AWM, Marcus, Controls Design, Vice President, Dallas

Job Description

Wealth Management

Across Wealth Management, Goldman Sachs helps empower clients and customers around the world to reach their financial goals. Our advisor-led wealth management businesses provide financial planning, investment management, banking and comprehensive advice to a wide range of clients, including ultra-high net worth and high net worth individuals, as well as family offices, foundations and endowments, and corporations and their employees. Our consumer business provides digital solutions for customers to better spend, borrow, invest, and save. Across Wealth Management, our growth is driven by a relentless focus on our people, our clients and customers, and leading-edge technology, data and design.

Marcus by Goldman Sachs

The firm's direct-to-consumer business, Marcus by Goldman Sachs, combines the entrepreneurial spirit of a start-up with more than 150 years of experience. Today, we serve millions of customers across multiple products, leveraging innovative design, data, engineering and other core capabilities to provide customers with powerful tools and products that are grounded in value, transparency and simplicity.

RESPONSIBILITIES AND QUALIFICATIONS

The Controls Assessment & Design team is a fundamental function to support new product launches, firmwide policy and standard uplifts, and continuously look for controls gaps in existing products. As part of the broader Business Controls team, the Controls Design & Assessment Vice President role serves as part of Marcus's first line of defense to ensure strong risk mitigation governance and process-level controls. This role will focus on proactively identifying opportunities control deficiencies and improvement opportunities.

What you can expect in a Controls Assessment Associate role:

• Proactively identify potential business risks and potential control gaps/ weaknesses via the following activities:
  • Leading process deep dives by reviewing process documentation (process maps, procedures, etc.) to document existing controls and identify control gaps (automation, detective reporting, etc.), specifically related to ensuring Consumer regulatory requirements are sufficiently covered.
  • Working with Compliance to understand regulatory requirements for the business
  • Root cause problem solving for identified issues/ risk events.
• Actively participate in cross functional working groups to enhance enterprise risk management frameworks.
• Manage control implementation by working with cross-functional stakeholders to socialize control recommendations and then track implementation of the controls.
• Contribute to executive reporting/ presentations and other data-driven deliverables, with a focus on providing appropriate content, context, and structure in a precise and timely manner.
• Be a critical thinker: Thoughtful, self-aware, and use available evidence to make decisions.
• Work effectively with teammates and win credibility quickly.

Basic Qualifications

• 3+ years related work experience in an Operational Risk, Business Controls, Process Improvement role or transferable knowledge.
• Critical thinking, project management, and problem-solving skills
• Able to provide effective challenge and provide alternative perspective to group consensus.
• Genuine excitement and passion for leading root cause analysis, troubleshooting process failures, and implementing fixes to increase control framework effectiveness.
• Ability to lead internal and cross functional products and execute through others as well as providing individual contribution.
• Experience building reports and presentations.
• Proficiency in the Microsoft tool suite including SharePoint, Excel, Word, and PowerPoint
• Excellent interpersonal, relationship building, and communication (written and verbal) skills.
• Interest and ability to self-serve, investigate, and get the information required to make quick and effective decisions.
• Ability to learn quickly and manage tight deadlines or unexpected changes in expectations or requirements.

Preferred Qualifications

• 3+ years Consumer Banking (Deposits), specifically in operational risk, compliance, or process improvement
• Experience working on Audits
• Working knowledge of financial, operational, compliance, and reputation risks
• Experience aggregating and analyzing various types of risks and data with output to dashboards and/or formal written assessments.
• Heavy use of pivot tables, vlookup, formulas, charts, conditional formatting, and other advanced Excel functions

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

© The Goldman Sachs Group, Inc., 2024. All rights reserved.

Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity