CWM - Marcus by Goldman Sachs - Business Risk, Associate - W

at Goldman Sachs & Co. in Wilmington, Delaware, United States

Job Description


Consumer and Wealth Management (CWM) Across Consumer and Wealth Management (CWM), Goldman Sachs helps empower clients and customers around the world 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 consumers to better spend, borrow, invest, and save. Across CWM, our growth is driven by a relentless focus on our people, our clients and leading-edge technology, data and design. Consumer The firm’s Consumer business, Marcus by Goldman Sachs, combines the entrepreneurial spirit of a startup with more than 150 years of experience. Today, we serve millions of customers across multiple products including lending, deposits, financial tools, and our partnership with Apple on Apple Card. We use innovative design, data, engineering and other core capabilities to provide customers with powerful tools and products that are grounded in value, transparency and simplicity. As we build a leading digital consumer bank and expand into new products and partnerships, we are looking for leaders and individual contributors to join our team.


Our Impact We are seeking a risk professional to support our Consumer Business Risk team. The team is responsible for first-line risk management across the Consumer businesses, including supporting new product and feature development, conducting risk assessments, identifying and managing issues, facilitating risk measurement and reporting, and preparing responses for regulators. The successful candidate will:

+ Work with business functions and cross-divisional stakeholders (e.g., technology, operational, and vendor risk) to identify risk-focused requirements associated with product build and evolution

+ Drive implementation of issues management and risk event management frameworks for existing and emerging businesses

+ Propose and manage analytical risk reporting to drive business uplift

+ Identify and assess business risks and required controls, both periodically and in response to new products/features and business environment changes

+ Review and provide recommendations regarding business processes associated with emerging or otherwise significant risks

+ Work across the consumer businesses to facilitate consistency in risk management approach

+ Facilitate issue identification and provide effective challenge to business with respect to resolution

+ Coordinate and contribute to business exam requests, including document collection and written responses


+ Experience with retail consumer banking products (i.e. credit cards, consumer loans, deposit/checking products), including knowledge of business and compliance risk management and applicable regulatory requirements

+ Bachelor’s degree or equivalent military experience

+ 4+ years work experience in, or working with, first or second line risk management teams including Business Risk, Operational Risk, Legal, Compliance or Financial Crimes Compliance

+ Ability to drive a culture of risk management and compliance, while delivering a world class customer experience

+ Ability to communicate effectively with senior management, key stakeholders and counterparts

+ Self-starter with strong organizational skills and the ability to drive multiple projects concurrently

+ Proven ability to apply strategic thinking to complex organizational and business issues


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 . We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: © The Goldman Sachs Group, Inc., 2021. All rights reserved. Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity


Job ID 2021-84252

Schedule Type Full Time

Level Associate

Function(s) General


Division Consumer and Wealth Management

Business UnitDigFin Risk,Fraud,Collections

Employment Type Employee

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Job Posting: JC192681310

Posted On: Sep 18, 2021

Updated On: Oct 21, 2021