At a Glance
- Tasks: Support risk management and develop controls for Marcus Operations team.
- Company: Join Goldman Sachs, a leader in digital banking and financial services.
- Benefits: Diverse workplace, professional growth, and competitive benefits.
- Other info: Opportunities for career advancement and commitment to diversity and inclusion.
- Why this job: Make an impact in a dynamic environment focused on innovation and client success.
- Qualifications: Understanding of risk management in retail banking and excellent communication skills.
The predicted salary is between 40000 - 50000 £ per year.
Across Wealth Management, Goldman Sachs helps empower clients and customers worldwide to reach their financial goals. The 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, family offices, foundations, endowments, and corporations and their employees. The direct‐to‐consumer business offers digital solutions that help customers save and invest. Growth is driven by focus on people, 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 over 150 years of expertise with intuitive digital experiences, focusing on value, transparency, and simplicity for millions of customers, and is the largest pure online bank, delivering a fully digital experience without physical branches.
Your Impact
This role will support the Marcus business and work 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
- Support the Business Risk Managers in designing and developing suitable controls for the Marcus Operations team.
- Conduct ongoing risk assessments of agreed procedures; analyse existing and emerging risks and identify, describe and estimate the risks affecting the business.
- Work closely with the Training team to establish quality issues and embed them into policies, procedures and controls.
- Maintain the Risk Control Self Assessments for Marcus UK.
- Support incident management and operational resilience planning for Marcus UK.
- Act as a point of contact for any operational risk requirements or queries, providing operational risk support for the wider business.
- Collaborate with the wider 1st line risk team to ensure timely completion of all firm‐wide and business‐specific core tasks.
Requirements
- Understanding of risk management, preferably within a retail banking environment.
- Background in risk management and controls operating in the 1st line.
- Experience in a regulated and audited service environment.
- Knowledge of the UK regulatory environment.
- Ability to operate autonomously and work seamlessly within a broader team.
- Excellent communication and delivery skills.
- Good presentation skills.
Benefits and Commitment to Diversity
We believe who you are makes you better at what you do. We are committed to fostering and advancing diversity and inclusion in our workplace and beyond by ensuring every individual within our firm has opportunities for growth and professional development. 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.
Marcus by Goldman Sachs, Operational Risk Analyst, Analyst, Birmingham in West Bromwich employer: Goldman Sachs
Goldman Sachs is an exceptional employer, particularly for the Operational Risk Analyst role in Birmingham, where a commitment to diversity and inclusion fosters a vibrant work culture. Employees benefit from extensive professional development opportunities and the chance to work with cutting-edge technology in a supportive environment that values transparency and collaboration. Joining Marcus by Goldman Sachs means being part of a leading digital bank that prioritises employee growth while delivering innovative financial solutions to millions.
StudySmarter Expert Advice🤫
We think this is how you could land Marcus by Goldman Sachs, Operational Risk Analyst, Analyst, Birmingham in West Bromwich
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Goldman Sachs. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Marcus by Goldman Sachs, Operational Risk Analyst, Analyst, Birmingham in West Bromwich
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Goldman Sachs.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Goldman Sachs's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Goldman Sachs
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Goldman Sachs.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Goldman Sachs will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Goldman Sachs employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
