At a Glance
- Tasks: Strengthen operational risk management and oversee third-party risk frameworks.
- Company: Join a leading investment firm with a focus on integrity and transparency.
- Benefits: Competitive salary, diverse team culture, and opportunities for professional growth.
- Other info: Dynamic environment with excellent career advancement opportunities.
- Why this job: Make a real impact in risk management while working with top-tier clients.
- Qualifications: Bachelor’s degree and 3+ years in risk management or control disciplines.
The predicted salary is between 55000 - 65000 ÂŁ per year.
About 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
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, including 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 identifying opportunities for control improvement through convergence and automation.
Third‑party risks are risks resulting from introducing external parties into the firm’s ecosystem, infrastructure or supply chain, as well as associated with the provision of service between the firm’s affiliates. Failure to manage third‑party risk may result in a range of impacts, including regulatory action, consumer or client harm, financial loss and/or reputational damage.
We are seeking a highly motivated Associate to join our Third Party Risk Management and Resilience team within the AWM Control Office. In this role, the candidate will focus on strengthening the firm’s operational risk management framework. Key responsibilities include coordinating and responding to incidents and crisis situations, oversight of the risk framework and identifying and remediating control gaps. The ideal candidate will have a strong understanding of risk management, governance frameworks, third‑party relationships, and a robust control mindset.
Responsibilities
- Collaborate with leadership and central risk partners to develop and support the consistent execution of the firm’s operational resilience and third‑party risk frameworks and procedures across the division
- Liaise with process and risk owners to understand business processes, educate on potential risks, and communicate third‑party control expectations
- Identify and document findings, outlining required remedial actions for regulatory, financial, information security, operational, and reputational risk
- Communicate risk findings constructively and effectively to relevant stakeholders
- Work with business functions and cross‑divisional stakeholders to drive and track resolution of findings, assisting with problem‑solving to remove roadblocks where required
- Conduct quality assurance checks on business continuity plans (BCPs) to ensure adherence to standards and regulatory requirements
- Manage firm‑wide recovery strategy testing encompassing home‑working environment, recovery site, and function handover
- Support resilience planning uplift activities to ensure they are executed on time against regulatory deadlines and quality standards
- Monitor operational resilience events and data, and the development and execution of continuous monitoring strategies for third‑party risk, to identify significant risks and ensure remediation
- Design, implement, and maintain automated issue/incident reporting to support informed leadership decisions
- Oversee and execute divisional risk metrics reporting for senior management
Skills & Qualifications
- Bachelor’s degree and 3+ years of experience within a risk management or control discipline context and a solid understanding of the Asset & Wealth Management franchise
- Solid understanding of operational resiliency and third‑party risk management principles, methodologies and best practices
- Exceptional analytical, problem‑solving, critical thinking and project‑management skills with a proven track record of execution against deadlines
- Experience in delivering informative metrics and quantitative analysis to support management reporting
- Proven ability to apply risk assessment and mitigation techniques across various risk types
- 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
Equal Opportunity
Goldman Sachs is an equal‑opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veteran status, disability, or any other characteristic protected by applicable law.
Asset & Wealth Management, Control Office, Third Party Risk Management & Resilience, Associate,[...] employer: Goldman Sachs
Contact Detail:
Goldman Sachs Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Asset & Wealth Management, Control Office, Third Party Risk Management & Resilience, Associate,[...]
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We think you need these skills to ace Asset & Wealth Management, Control Office, Third Party Risk Management & Resilience, Associate,[...]
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in risk management and operational resilience. We want to see how your skills align with the role, so don’t hold back on showcasing relevant projects or achievements!
Showcase Your Analytical Skills: Since this role involves a lot of analytical thinking, be sure to include examples that demonstrate your problem-solving abilities. Whether it’s through metrics or case studies, we love seeing how you tackle complex issues.
Communicate Clearly: Effective communication is key in our team. When writing your application, make sure your ideas are clear and concise. Use straightforward language to articulate your thoughts, as this reflects how you’d communicate with stakeholders.
Apply Through Our Website: We encourage you to apply directly 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 navigate!
How to prepare for a job interview at Goldman Sachs
✨Know Your Risk Management Basics
Make sure you brush up on your understanding of risk management principles and frameworks. Be ready to discuss how these apply to third-party relationships and operational resilience, as this role heavily focuses on these areas.
✨Prepare for Scenario Questions
Expect to be asked about how you would handle specific risk scenarios or incidents. Think through examples from your past experience where you've successfully identified and remediated risks, and be prepared to explain your thought process.
✨Showcase Your Analytical Skills
This position requires exceptional analytical abilities. Be ready to discuss how you've used data to inform decisions in previous roles. Bring examples of metrics or analyses you've delivered that had a significant impact on risk management.
✨Communicate Effectively
Strong communication skills are key in this role. Practice articulating complex ideas clearly and concisely. You might be asked to explain technical concepts to non-technical stakeholders, so think about how you can simplify your language while still conveying important information.