AWM, Marcus by Goldman Sachs, Risk Reporting, Vice President, Richardson, TX

Job Description

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 and endowments, and corporations and their employees. Our consumer business provides digital solutions for customers to better spend, borrow, invest, and save. 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.

The firm's direct-to-consumer business, Marcus by Goldman Sachs, combines the entrepreneurial spirit of a start-up with more than 150 years of experience. Today, we serve millions of customers across multiple products, leveraging innovative design, data, engineering and other core capabilities to provide customers with powerful tools and products that are grounded in value, transparency and simplicity.

We are seeking an experienced Risk Reporting Vice President (VP) for Marcus US Deposits within the Asset Wealth Management (AWM) Division. This role is part of Marcus Deposit's first line of defense Business Controls team, and will manage a team to provide risk and controls reporting for business and Board risk reporting.

Within Asset & Wealth Management, we seek to provide innovative investment solutions to help our clients meet their financial goals. We work with specialists and groups from around the firm to help individuals and institutions across various industries navigate changing markets and to provide them with a diverse offering of product solutions.

As part of AWM, Marcus US Deposits is the Consumer deposits business, offering savings accounts and certificates of deposits to our customers to manage their financial goals. Our growth is driven by a relentless focus on our people, our clients, and leading-edge technology, data and design. We value self-starters with an entrepreneurial spirit, providing the support and resources to ensure your success.

Marcus US Deposits Business Controls is a first-line risk and controls management function which ensures process and controls design, controls assessment, issues management, controls monitoring and testing, risk reporting and governance.

Our primary objective is to elevate our controls environment to enable growth and scalability of the business in a well-managed way. It is a critical function to mitigate risk within Marcus US Deposits and Goldman Sachs as a whole. This function collaborates strongly with other functions in Business Controls to ensure proactive risk assessment, control design and enhancement. We are looking for people with strong analytical and quantitative backgrounds and a strong interest in financial services. We seek bright and dynamic individuals with a quantitative orientation, basic financial acumen, and fluency with risk and controls.

How You Will Fulfill Your Potential

Responsibilities and Qualifications

As part of the broader Business Controls team, the Risk Reporting VP focuses on the assessing, designing and executing risk reporting requirements across various first- and second-line stakeholders

• Develop and execute a plan to execute various risk reporting requirements through the year.
• Develop suitable Key Risk Indicators (KRIs) and Key Control Indicators (KCIs) to provide risk insights to senior leadership.
• Design risk profile reporting to inform stakeholders about key business risks and control effectiveness.
• Collaborate with cross-functional teams for intake and to review reporting outcomes.
• Present risk reports to business stakeholders and Risk committees.
• Streamline reporting through automation of data sourcing, aggregation and reporting output.
• Hire, develop and retain talent.
• Collaborate with internal stakeholders to infuse a culture of risk awareness and regulatory compliance.
• Contribute to Business Controls initiatives by providing expertise and thought leadership.

Skills & Qualifications

• A minimum of 10 years of experience in Operational Risk, Compliance, Controls or Audit functions in the financial services industry.
• Bachelor's degree required; an advanced degree or relevant professional certifications in Finance or Risk Management would be advantageous.
• Understanding of Consumer banking processes in a risk management context.
• Experience with Tableau or other reporting/ data analytics tools such as Databricks, Snowflake, SQL etc.
• Expertise in leading, developing and implementing a Risk reporting function.
• Strong data analytics and written communication skills.
• Strong analytical orientation, lateral thinking, organizational, influencing skills and attention to detail.
• Strong leadership skills with experience in managing and motivating teams.
• Excellent communication and interpersonal skills to effectively engage with internal and external stakeholders.
• Ability to work autonomously and navigate complex organizational structure.
• Good influencing skills to challenge the status quo and enhance the control environment.
• Track record of delivering and enhancing measurable, impactful business outcomes.

Preferred Qualifications

• 3-5 years Consumer Banking experience, specifically in Risk Reporting.
• Hands-on expertise with data analytics and reporting tools like Databricks, Tableau, Snowflake, SQL.
• Working knowledge of financial, operational, compliance, and reputation risks.

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.

Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.