At a Glance
- Tasks: Support risk management for Marcus, ensuring operational resilience and effective controls.
- Company: Join Goldman Sachs, a leader in digital banking and wealth management.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Be part of a diverse team committed to excellence and continuous improvement.
- Why this job: Make a real impact in a dynamic environment focused on innovation and client success.
- Qualifications: Understanding of risk management in retail banking and strong communication skills.
The predicted salary is between 40000 - 50000 £ per year.
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, endowments, and corporations and their employees. Our direct‑to‑consumer business provides digital solutions that help customers save and invest. 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.
As the online consumer banking business of Goldman Sachs, Marcus operates as a digital bank, providing high‑yield savings accounts and Certificates of Deposit (CDs) directly to individual consumers. Marcus combines Goldman Sachs’ over 150 years of expertise with intuitive digital experiences, focusing on value, transparency, and simplicity for its millions of customers, and is recognized as the largest pure online bank, delivering a fully digital experience without physical branches.
This role will be responsible for supporting the Marcus business and working within the broader Goldman Sachs Risk Management Framework. Understanding of operational risk is the key element for this role bringing direct experience to support Marcus.
What You’ll Do
- Supports the Business Risk Managers in designing and developing suitable controls for the Marcus Operations team.
- Completes ongoing risk assessments of agreed procedures; analysing existing risks along with new and emerging risks and identifying, describing and estimating the risks affecting the business.
- Works closely with Training team to establish quality issues and ensure this is embedded into policies, procedures and controls.
- Supports and maintain the Risk Control Self Assessments for Marcus UK.
- Supports incident management and operational resilience planning for Marcus UK.
- Acts as a point of contact for any operational risk requirements or queries, providing operational risk support for the wider business.
- Working with the wider 1st line risk team, to ensure timely completion of all firmwide and business specific core tasks.
Requirements
- Understanding of risk management, preferably within Retail Banking environment.
- A background in risk management and controls operating in the 1st line.
- Experience in a regulated and audited service environment.
- Understanding of the UK regulatory environment.
- Ability to operate autonomously and work seamlessly within a broader team.
- Excellent communication and delivery skills.
We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity.
Risk Governance in Birmingham employer: Goldman Sachs Bank AG
Goldman Sachs Bank AG is an exceptional employer, offering a dynamic and inclusive work environment that fosters professional growth and development. As a DCM Associate in London, you will have the opportunity to engage in high-stakes financing transactions while building valuable relationships in the private equity market. With a strong emphasis on collaboration and innovation, employees are encouraged to thrive and excel in their careers.
StudySmarter Expert Advice🤫
We think this is how you could land Risk Governance in Birmingham
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Goldman Sachs or similar firms. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by practising common questions related to operational risk. We recommend using the STAR method (Situation, Task, Action, Result) to structure your answers. It’ll help you showcase your experience effectively!
✨Tip Number 3
Showcase your understanding of the UK regulatory environment during interviews. Brush up on recent changes and how they impact risk management. This will demonstrate your commitment and knowledge in the field.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Risk Governance in Birmingham
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Risk Governance role. Highlight your experience in risk management and any relevant skills that match the job description. We want to see how you can bring value to Marcus!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about operational risk and how your background fits with our team at Goldman Sachs. Keep it concise but impactful!
Showcase Relevant Experience:When detailing your work history, focus on experiences that relate directly to the responsibilities listed in the job description. We love seeing how you've tackled similar challenges in the past!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Goldman Sachs Bank AG
✨Know Your Risk Management Basics
Make sure you brush up on your understanding of operational risk, especially within a retail banking context. Be ready to discuss how you've applied risk management principles in previous roles, as this will show your familiarity with the industry and its challenges.
✨Showcase Your Analytical Skills
Prepare to talk about specific examples where you've conducted risk assessments or identified emerging risks. Use the STAR method (Situation, Task, Action, Result) to structure your answers, making it easy for the interviewer to see your thought process and problem-solving abilities.
✨Communicate Clearly and Confidently
Since excellent communication is key for this role, practice articulating your thoughts clearly. You might be asked to explain complex concepts, so try to simplify your explanations without losing the essence. This will demonstrate your ability to convey important information effectively.
✨Understand the Regulatory Landscape
Familiarise yourself with the UK regulatory environment related to operational risk. Being able to discuss current regulations and how they impact risk management practices will show that you're not only knowledgeable but also proactive about staying informed in your field.
