At a Glance
- Tasks: Join our team to identify and manage risks while driving innovative solutions.
- Company: Goldman Sachs, a leading global investment firm with a commitment to diversity.
- Benefits: Competitive salary, generous vacation, health programs, and financial wellness support.
- Other info: Dynamic work environment with excellent growth opportunities and a focus on innovation.
- Why this job: Make a real impact in risk management and enhance your career in finance.
- Qualifications: 1+ years in risk management, strong analytical skills, and a proactive mindset.
The predicted salary is between 50000 - 70000 £ per year.
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
TEAM & ROLE OVERVIEW The Asset & Wealth Management (AWM) Control Office is a group in the AWM Risk organization overseeing the division’s control capabilities and maintaining confidence with the regulators and our clients. The AWM Risk division is responsible for the execution of a risk governance framework, and for establishing appropriate risk management best practices holistically across our business, including identification, measurement, monitoring, escalation and remediation of applicable risks within AWM. This group comprises three critical risk programs: the Control Program, Third Party Risk Management (TPRM) and Resilience Program, and the Testing Program. Our primary objectives are to establish a best‑in‑class operating platform for risk data, insights, remediation and certification; ensure operational resilience by preventing, responding to, and adapting from significant disruptions that could impact our clients, partners or the firm; and strengthen the effectiveness of our risk and control environment, and identify opportunities for control improvement through convergence and automation.
Issue Management is one of the key pillars in an effective enterprise risk governance framework. An effective Issue Management program helps the firm, and its businesses proactively identify and manage risks and exposes existing and potential vulnerabilities in our control environment. It serves as the foundation to enable deep‑rooted and holistic remediation, drive risk ownership and accountability, and provide horizontal transparency for management to gauge and improve the health of our overall risk management programs.
We are seeking an experienced Associate for our Issues Management Team within the AWM Control Office. In this role, the candidate will look to strengthen our monitoring and collaborate with various stakeholders to create innovative solutions to complex issues. The ideal candidate will have a strong understanding of risk management, governance frameworks, and a strong control mindset.
RESPONSIBILITIES
- Assist in remediation planning and identification of issues by monitoring business health and delivering improvement/process on time.
- Proactively investigate and escalate potential issues as appropriate.
- Work closely with cross functional partners to ensure collaboration and process efficiencies are maintained.
- Drive improvements in business processes and ensure optimal resource utilization and audit‑compliant administrative process and strategy.
- Understand and apply the firm’s issue management governance, including applicable policies, frameworks and standards.
- Advise, challenge and influence recommended ways to mitigate risk.
- Engage and communicate effectively with all levels of stakeholders across AWM on effective review of issues, including root‑cause analysis, remediation and lessons learned.
- Analyze AWM issues for macro themes, patterns, clustering and emerging risks.
- Develop data‑driven analysis, qualitative assessments and analytical visualizations.
- Prepare management reporting for senior management and stakeholders across the firm to provide a holistic and actionable understanding of AWM issues.
EXPERIENCE & QUALIFICATIONS
- A minimum of 1 year’s experience within a risk management or control discipline context (Risk, Compliance & Operations).
- A Bachelor’s degree along with a solid understanding of the Asset & Wealth Management industry.
- Exceptional analytical, problem‑solving, critical‑thinking and project management skills with a proven track record of execution against deadlines.
- Experience with managing internal and external audits, fostering effective stakeholder relationships.
- Experience in delivering informative metrics and quantitative analysis to support management reporting.
- Innovative mindset with a sharp focus on identifying and implementing practical control enhancements and automation possibilities.
- Effective influencing skills to challenge the status quo and continuously improve the control environment.
- Excellent communication skills to clearly articulate issues and ideas with different levels across Asset & Wealth Management stakeholders.
- Strong time management skills to effectively prioritize, multi‑task and meet time‑sensitive deadlines.
- Strategic thinker who anticipates questions, analyzes complex issues, plans for contingencies and identifies alternative solutions and clear objectives.
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 opportunities to grow professionally and personally, from our training and development opportunities and firm‑wide networks to benefits, wellness and personal finance offerings and mindfulness programs.
HEALTH & WELFARE PROGRAMS 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 accident insurance.
VACATION POLICIES We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.
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 a 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 of our 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.
Asset & Wealth Management, Control Office, Issue Management, Analyst/Associate, Birmingham Birm[...] employer: Goldman Sachs Bank AG
Goldman Sachs is an exceptional employer, offering a dynamic work culture that prioritises integrity, transparency, and diversity. Located in Birmingham, employees benefit from comprehensive health and welfare programs, generous vacation policies, and robust professional development opportunities, all designed to foster personal and career growth. With a commitment to innovation and collaboration, the firm empowers its team members to tackle complex challenges while enjoying a supportive environment that values their contributions.
StudySmarter Expert Advice🤫
We think this is how you could land Asset & Wealth Management, Control Office, Issue Management, Analyst/Associate, Birmingham Birm[...]
✨Tip Number 1
Network like a pro! Reach out to people in the Asset & Wealth Management space, especially those who work at firms you're interested in. A friendly chat can open doors and give you insider info that could help you stand out.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your own. This will help you answer questions more authentically and show that you're genuinely interested in being part of their team.
✨Tip Number 3
Practice your problem-solving skills! Since this role involves risk management and analytical thinking, try working through case studies or hypothetical scenarios. This will help you articulate your thought process during interviews.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're serious about joining our team and ready to take the next step in your career.
We think you need these skills to ace Asset & Wealth Management, Control Office, Issue Management, Analyst/Associate, Birmingham Birm[...]
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the role you're applying for. Highlight relevant experience in risk management and control disciplines, and don’t forget to showcase your analytical skills and project management experience!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about Asset & Wealth Management and how your background aligns with our values. Be genuine and let your personality come through.
Showcase Your Problem-Solving Skills:In your application, give examples of how you've tackled complex issues in the past. We love candidates who can think critically and come up with innovative solutions, so don’t hold back on sharing your success stories!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at Goldman Sachs Bank AG
✨Know Your Risk Management Basics
Before heading into the interview, brush up on your understanding of risk management and governance frameworks. Be ready to discuss how these concepts apply to the Asset & Wealth Management sector, as this will show your potential employer that you’re not just familiar with the terminology but can also apply it in real-world scenarios.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical prowess by discussing past experiences where you identified issues and implemented solutions. Use specific examples that highlight your problem-solving skills and ability to analyse data-driven insights, as this is crucial for the role in Issue Management.
✨Engage with Stakeholders
Since the role involves collaboration with various stakeholders, think of examples where you successfully communicated complex ideas to different audiences. Highlight your influencing skills and how you’ve built effective relationships in previous roles, as this will resonate well with the interviewers.
✨Be Ready for Scenario Questions
Expect scenario-based questions that test your critical thinking and strategic planning abilities. Prepare by thinking through potential challenges you might face in the role and how you would approach them. This will demonstrate your readiness to tackle the complexities of the position.
