Asset & Wealth Management, Control Office, Monitoring & Testing, Analyst, Dallas

Asset & Wealth Management

Bringing together traditional and alternative investments, we provide clients around the world with a dedicated partnership and focus on long-term performance. As the firm’s primary investment area, we provide investment and advisory services for some of the world’s leading pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals, for which we oversee more than $2 trillion in assets under supervision. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. We are:

Investors, spanning traditional and alternative markets offering products and services

Advisors, understanding our clients’ priorities and poised to help provide investment advice and strategies that make sense for their portfolios

Thought Leaders, providing timely insights across macro and secular themes to help inform our clients’ investment decisions

Innovators, using our suite of digital solutions to help our clients address complex challenges and meet their financial goals

 

YOUR IMPACT

The Asset & Wealth Management Control Office is a recently established group in the Risk organization overseeing the division’s key control design standards. The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm. Our primary objectives are to create the key control inventory and process-risk-control artefacts across the division, report on the health of the division’s control landscape, and elevate controls to optimize our operating platform. This role ensures the effectiveness of controls supporting AWM’s business activities, driving consistency, transparency and accountability across the division. This group comprises of six critical functions, including (1) Control Office Management, (2) Control Strategy, (3) Monitoring & Testing, (4) Policy Liaison Group, (5) Regulatory Inventory Traceability, and (6) Issue Management.

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 Asset & Wealth Management and Goldman Sachs as a whole. This partnership with strategic efforts across the firm allows for close collaboration with the other functions of the Asset & Wealth Management Control Office, providing opportunities for experience and influence in other areas. AWM Monitoring & Testing team is looking for people with strong quantitative and technical backgrounds and a strong interest in financial markets. We seek bright and dynamic individuals with a quantitative orientation, basic financial acumen, and fluency with programming.

 

HOW YOU WILL FULFILL YOUR POTENTIAL

Risk & Control

• Develop an in-depth knowledge of the risk and control profile across Asset & Wealth Management
• Advise, challenge and inform the businesses on recommended ways to mitigate risk; reviews actions items to ensure that risk is being sufficiently addressed
• Leading by example: Act as a culture carrier by embedding & propagating a risk mind-set and awareness within the team, region & globally
• Identify 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 assess residual risks that exist after issues are resolved and apply lessons learned to improve our risk and control framework
• Risk analysis: Collaborate with stakeholders to develop KRI’s / KPI’s for monitoring operational framework health, driving the risk agenda, highlighting areas of concerns, and partnering with line managers to develop, execute and monitor progress on remediation plans

QA & Technical Hat

• Create a Control QA & Monitoring framework and implement continuous improvement processes to ensure its adaptability to changes in process, regulations and platforms
• Develop data quality, lineage, and control test plans with QA, covering a wide range of products, business lines, and processes, including both manual and systematic data origins
• Design testing methodologies that define test scripts, execution protocols (including frequency, sampling and evidencing), and follow-up actions, ensuring integration with the Divisional risk management framework and datasets
• Partner with developers and low-code specialists to develop tooling to support te