AWM, Marcus, Risk Reporting, Vice President

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.

YOUR IMPACT

We are seeking an experienced Risk Reporting Vice President Marcus US Deposits within the Asset Wealth Management Division. This role is part of Marcus Deposit’s first line of defense Business Controls team, and will manage a team to assess, design and implement controls monitoring and testing for key controls.

OUR IMPACT

Within Asset & Wealth Management, we seek to provide innovative investment solutions to help our clients meet their financial goals. We work with specialists and groups from around the firm to help individuals and institutions across various industries navigate changing markets and to provide them with a diverse offering of product solutions. 

As part of AWM, Marcus US Deposits is the Consumer deposits business, offering savings accounts and certificates of deposits to our customers to manage their financial goals. Our growth is driven by a relentless focus on our people, our clients, and leading-edge technology, data and design. We value self-starters with an entrepreneurial spirit, providing the support and resources to ensure your success.

Marcus US Deposits Business Controls is a first-line risk and controls management function which ensures process and controls design, controls assessment, issues management, controls monitoring and testing, risk reporting and governance.

Our primary objective is to elevate our controls environment to enable growth and scalability of the business in a well-managed way. It is a critical function to mitigate risk within Marcus US Deposits and Goldman Sachs as a whole. This function collaborates strongly with other functions in Business Controls to ensure proactive risk assessment, control design and enhancement. We are looking for people with strong analytical and quantitative backgrounds and a strong interest in financial services. We seek bright and dynamic individuals with a quantitative orientation, basic financial acumen, and fluency with risk and controls.

HOW YOU WILL FULFILL YOUR POTENTIAL

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 Risk & Controls Associate role serves as part of Marcus's first line of defense to ensure strong risk mitigation governance and process-level controls inventory. This role will focus on proactively identifying opportunities for enhancing controls or implementing additional controls.

ROLE REQUIREMENTS

• Develop and execute a road-map to implement controls monitoring and testing for key controls.
• Assess risks (regulatory and operational) and associated controls to identify relevant control monitoring and testing strategies to proactively assess control failures.
• Ensure timely and periodic execution of controls monitoring and testing as per plan.
• Analyze control monitoring and testing outputs to assess thematic control failures.
• Collaborate with cross-functional teams to review control testing results and assess root cause.
• Lead results aggregation, analysis and reporting senior stakeholder review and risk committees.
• Collaborate with other Controls functions to inform process and controls design, based on control testing outcomes.
• Engage with second- and third-line functions as required to inform applicable compliance and audit examination.
• Hire, develop and retain talent.
• Innovate controls testing strate