Asset & Wealth Management, Operational Risk, Vice President - Dallas

Goldman Sachs - Dallas, TX

Full-time - Senior

Dallas, TX

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Asset & Wealth Management division is dedicated to providing clients globally with a partnership focused on long-term performance. This includes financial planning, investment management, and advisory services tailored to a diverse clientele. The Asset & Wealth Management Risk Team serves as the first line of defense in risk management, tasked with the review, analysis, and management of both financial and non-financial risks associated with the Asset & Wealth Management business. We are currently seeking detail-oriented and analytical professionals to join our team in Dallas, focusing on operational risk, business process transformation, and issues management within the Asset & Wealth Management sector. In this Vice President role, you will be instrumental in managing the identification, analysis, remediation, and monitoring of operational risks. This includes collaborating with issue owners, aggregating issues across the business, and facilitating executive reporting. You will proactively identify potential business risks and process deficiencies, developing a comprehensive understanding of the controls environment across asset management, wealth management, and consumer businesses. Your responsibilities will also include leading process deep dives to document existing controls and identify gaps, innovating controls testing strategies, and partnering with various business units to implement corrective actions related to operational risk events. As a strategic thinker with a strong work ethic, you will gain exposure to senior management and build expertise in risk identification and management. The role requires a focus on continuous improvement to adapt to changing requirements, ensuring maximum visibility for the executive audience. You will gather and synthesize data for root cause analysis, collaborate with cross-functional teams to resolve operational inconsistencies, and contribute to enhancing controls testing processes. This position demands a critical thinker who is self-aware and uses evidence-based decision-making to add value to the organization.

Responsibilities

• Manage all aspects of issue identification, analysis, remediation, and monitoring & reporting, including collaboration with issue owners and aggregation of issues across the business.
• Proactively identify potential business risks, process deficiencies, and gaps in risk management standards.
• Develop process and controls environment across asset management, wealth management, and consumer businesses.
• Lead process deep dives by reviewing process documentation to document existing controls and identify control gaps.
• Innovate controls testing strategies, emphasizing operational risk management and long-term remediation measures.
• Partner with other business units to remediate issues and assist with implementation of corrective actions related to control failures and operational risk events.
• Lead and deliver executive reporting and other data-driven deliverables, focusing on providing appropriate content, context, and structure in a precise and timely manner.
• Monitor progress and measure performance to identify areas for improvement.
• Focus on continuous improvement to support maximum visibility to the executive audience.
• Gather and synthesize data to perform root cause analysis and determine thematic trends related to issues identified by the business.
• Collaborate with cross-functional teams to resolve operational inconsistencies and enhance controls testing processes.
• Proactively seek out areas to add value.

Requirements

• Bachelor's degree in Risk Management, Business, Finance, or a related field.
• A minimum of 8+ years of experience in financial services with operational risk exposure or audit or broader risk management.
• Ability to work independently and collaboratively in a fast-paced environment.
• Experience in risk analysis and management, with an understanding of regulations and regulatory reform strongly preferred.
• Strong knowledge of Risk Assessment Framework and experience performing risk assessments covering key risks and controls.
• Experience building reports and presentations, with expert-level proficiency in Microsoft Excel, Word, and PowerPoint.
• Strong project management, analytical, and research skills with a demonstrated ability to manage projects from inception through completion.
• Advanced analytical, critical thinking, problem-solving, organizational, and time management skills.
• Exceptional communication and interpersonal skills, with the confidence to work closely with senior management.
• Ability to work under pressure and manage tight deadlines or unexpected changes in expectations or requirements.
• Effectively manage multiple priorities and work autonomously.
• Good judgment and discretion.