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- Tasks: Support risk management by identifying issues and collaborating on innovative solutions.
- Company: Join Goldman Sachs, a leading global investment firm with a commitment to diversity.
- Benefits: Enjoy professional development, wellness programs, and a supportive work environment.
- Other info: Dynamic team culture with opportunities for growth and learning.
- Why this job: Make a real impact in risk management while working with top industry professionals.
- Qualifications: 1+ years in risk management, strong analytical skills, and a proactive mindset.
The predicted salary is between 40000 - 50000 £ 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.
- 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 of three critical risk programs, including the (1) Control Program, (3) Third Party Risk Management (TPRM) and Resilience Program and the (3) 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.
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 the 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.
- Drives improvements in business processes and ensures 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 on recommended ways to mitigate risk.
- Engage & communicate effectively with all levels of stakeholders across AWM on effective review of issues, including root causes analysis, remediation & 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 improving 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 a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.
We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.
Asset & Wealth Management, Control Office, Issue Management, Analyst/Associate, Birmingham 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, Issue Management, Analyst/Associate, Birmingham
✨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 insights that job descriptions just can't.
✨Tip Number 2
Prepare for interviews by diving deep into the company's culture and values. Understand their approach to risk management and be ready to discuss how your skills align with their goals. Show them you're not just another candidate, but someone who truly gets what they do.
✨Tip Number 3
Practice your problem-solving skills! Since the role involves identifying and managing risks, think of real-life scenarios where you've tackled complex issues. Be ready to share these examples during interviews to demonstrate your analytical mindset.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you're genuinely interested in being part of our team. Let's make it happen!
We think you need these skills to ace Asset & Wealth Management, Control Office, Issue Management, Analyst/Associate, Birmingham
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Asset & Wealth Management role. Highlight your relevant experience in risk management and control, and show us how your skills align with our needs.
Showcase Your Analytical Skills: We love candidates who can think critically and solve problems. Use specific examples in your application to demonstrate your analytical prowess and how you've tackled complex issues in the past.
Be Clear and Concise: When writing your application, keep it straightforward. We appreciate clarity, so avoid jargon and get straight to the point about your qualifications and what you can bring to our team.
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. We can’t wait to see what you’ve got!
How to prepare for a job interview at Goldman Sachs
✨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.
✨Prepare for Scenario Questions
Expect questions that ask you to analyse potential issues or risks. Prepare by thinking through past experiences where you identified and managed risks. Use the STAR method (Situation, Task, Action, Result) to structure your answers clearly and effectively.
✨Showcase Your Analytical Skills
Since the role involves data-driven analysis and reporting, be prepared to demonstrate your analytical skills. Bring examples of how you've used data to inform decisions or improve processes in previous roles. This could include metrics you've developed or insights you've provided to stakeholders.
✨Engage with Stakeholders
Communication is key in this role, so think about how you’ve successfully engaged with various stakeholders in the past. Be ready to discuss specific instances where you influenced decisions or collaborated across teams. Highlight your ability to articulate complex issues in a way that’s easy to understand.