CWM - Marcus by Goldman Sachs - Controls Testing - Analyst- Richardson, TX/Draper, UT/Chicago, IL

Location(s) US-TX-Richardson | US-UT-Draper | US-IL-Chicago
Job ID
2021-75106
Schedule Type
Full Time
Level
Analyst
Function(s)
Consumer Banking, Risk Governance
Region
Americas
Division
Consumer and Wealth Management
Business Unit
US Deposits Business Controls
Employment Type
Employee

MORE ABOUT THIS JOB

Consumer and Wealth Management (CWM)

Across Consumer and Wealth Management (CWM), Goldman Sachs helps empower clients and customers around the world 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 consumers to better spend, borrow, invest, and save. Across CWM, our growth is driven by a relentless focus on our people, our clients and leading-edge technology, data and design.

 

Consumer

The firm’s Consumer business, Marcus by Goldman Sachs, combines the entrepreneurial spirit of a startup with more than 150 years of experience. Today, we serve millions of customers across multiple products including lending, deposits, financial tools, and our partnership with Apple on Apple Card. We use innovative design, data, engineering and other core capabilities to provide customers with powerful tools and products that are grounded in value, transparency and simplicity. As we build a leading digital consumer bank and expand into new products and partnerships, we are looking for leaders and individual contributors to join our team.

 

Your Impact
Our Controls Testing & Advanced Analytics team is growing and we're looking for an outstanding candidate to join our team.  We operate as Marcus Deposit’s first line of defense and ensure process-level risk and controls are monitored to prevent and minimize customer impact and operational risk.  As a member of this team, you will be responsible for executing business process controls tests and proactively identify operational risk, workflow deficiencies, and develop controls enhancement solutions.

 

RESPONSIBILITIES AND QUALIFICATIONS

Responsibilities

  • Develop and execute operational controls tests to ensure agents, and process workflows, adhere to predetermined standard procedures, policies, and regulatory requirements
  • Collaborate with supervisors to share quality performance issues and provide regular actionable insights on overall performance and trends
  • Promote a robust controls environment to ensure the highest standards of consumer protection
  • Perform ad-hoc statistical analysis using pivot tables, vlookup, complex formulas, and other advanced Excel functions to determine root causes and trends related to testing failures
  • Writing and speaking about technical concepts to business, technical, and lay audiences and giving data-driven presentations
  • Work effectively with teammates and earn credibility from stakeholders quickly

 

Basic Qualifications

  • BS or MS (Risk Management, Business, Finance or similar) or equivalent professional/military experience
  • 1-3 year of experience in enterprise/operational risk management or management consulting
  • Experience automating tasks/functions in Microsoft Excel using VBA/Macros
  • Forward thinker, strong drive, and ability to work independently in a team-oriented and fast-paced environment 
  • Experience leading root cause analysis, troubleshooting technical process failures, and developing action plans and solutions to minimize operational risk
  • Self-motivated and proactive team player, who takes ownership and accountability of projects
  • Strong organizational skills as well as the ability to effectively manage competing priorities
  • Strong risk assessment framework knowledge and experience performing risk assessments covering key risks and controls
  • Working knowledge of financial, operational, compliance and reputation risks
  •  

Preferred Qualifications

  • Experience using R, Python, SQL, Alteryx, Tableau
  • Brokerage Account Management, Robo-Advisory, Wealth Management knowledge
  • Individual Retirement Accounts (Traditional, Roth, and SEP) knowledge
  • Portfolio and Asset Management processes knowledge
  • Stock and Bond Exchange-Traded Funds (ETF) knowledge
  • Banking and Financial Services, Specifically Investments and Checking knowledge

ABOUT GOLDMAN SACHS

CONSUMER AND INVESTMENT MANAGEMENT DIVISION (CIMD)

The Consumer and Investment Management Division includes Goldman Sachs Asset Management (GSAM), Private Wealth Management (PWM) and our Consumer business (Marcus by Goldman Sachs). We provide asset management, wealth management and banking expertise to consumers and institutions around the world. CIMD partners with various teams across the firm to help individuals and institutions navigate changing markets and take control of their financial lives.

 

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., 2020. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity