Asset & Wealth Management, Business Remediations & Governance, Associate/Analyst

ABOUT ASSET & WEALTH MANAGEMENT

A career with Goldman Sachs Asset & Wealth Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world's leading asset managers with over $3 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions and building meaningful relationships with your clients. 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. Bringing together traditional and alternative investments, Goldman Sachs Asset & Wealth Management provides clients around the world with a dedicated partnership and focus on long-term performance. As primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals.

ABOUT THE TEAM

The AWM Business Remediations & Governance (BRG) Team is a new strategic function that sits within the Strategic Transformation Office. The BRG Team liaises with firmwide and other divisional teams to drive successful remediation of risk and regulatory efforts, while providing critical governance and oversight to drive transparency and accountability. The office also drives strategic transformations across AWM and Goldman Sachs as a whole, to strengthen risk and regulatory remediation practices and provide central oversight of implementation. This is an exciting opportunity for an individual who wants to join a growing organization that will work together to protect the firm, provide effective challenge, and be an agent of change.

JOB SUMMARY

In this role, you will execute high priority and complex projects by using best-in-class program and project management skills. You will be working on managing large-scale, high-paced internal and external remediation programs which are complex, highly visible, and strategically important to the firm.

You will build new approaches and tools to plan and deliver effective program delivery. You will interface with a wide range of stakeholders to manage cross-divisional work. You will be building new plans, creating graphics and reporting, and standing up metrics to help senior leaders keep track of progress. You will work with multiple divisions to create accurate status reporting each week and to enhance how work is summarized and reported in governance forums.

This role will initially focus on a live remediation program where you will contribute to the delivery of a multi-year strategic initiative. By performing the role, you will acquire detailed knowledge of program management and of multiple areas within the firm. Longer term, you will also have the opportunity to take on other project roles within AWM.

PRIMARY RESPONSIBILITIES

• Remediation Oversight: Strategically track and manage the remediation of high-priority regulatory matters, viewing each issue within the broader context of the firm's overall regulatory risk profile. This includes developing and monitoring remediation plans, coordinating with various stakeholders, and reporting on progress to senior management, while highlighting strategic implications and potential areas for process improvement.
• Proactive Regulatory Communication: Assist in the preparation of strategic responses to regulatory inquiries, focusing on clear, concise communication that demonstrates the firm's commitment to compliance and proactive risk management. Maintain accurate records of all regulatory interactions, analyzing trends to inform future strategic planning.
• Support management of applicable governance committees and / or working groups: Prepare regular executive-level presentations for senior AWM leadership, including strategic reporting. This includes not only summarizing key regulatory issues and tracking remediation progress but also identifying and assessing potential future risks and developing proactive mitigation strategies.
• Data Analysis & Reporting: Analyze data related to regulatory matters using data-driven insights to inform strategic decision-making and identify potential issues before they escalate. Prepare regular reports summarizing progress, highlighting key trends, and proposing strategic recommendations.
• Stakeholder Management: Collaborate effectively with various stakeholders across the firm, including legal, compliance, operations, and other business units, fostering strong relationships and aligning efforts towards a common strategic goal of regulatory excellence.
• Strategic Process Improvement: Proactively identify opportunities to improve the efficiency and effectiveness of the regulatory remediation process, proposing innovative solutions that enhance the firm's overall strategic approach to regulatory compliance.

CORE FUNCTIONS WILL INCLUDE

• Project Planning and Execution: Develop and manage project plans for regulatory remediation efforts, including scope, timelines, resources, and deliverables
• Stakeholder Management: Coordinate with internal teams, regulatory bodies, and external consultants to facilitate remediation efforts and communicate progress
• Risk Management: Identify and manage risks associated with remediation projects, while implementing mitigation strategies as needed
• Audit Preparedness: Ensure that remediation projects are prepared for internal and external audit, maintaining clear and comprehensive documentation of remediation activities
• Monitoring and Reporting: Report on program delivery progress, prepare status reports, and present findings to senior management and stakeholders
• Documentation: Maintain comprehensive documentation of remediation activities, including issue tracking, action plans, and outcomes
• Structuring ambiguous problems and taking action to solve them without complete information
• Preparing materials for working groups and committees, project dashboards, operating model diagrams, requirement specifications, test plans, etc.
• Conducting detailed problem tracking, resolution and completion of all actions and issues by their deadlines
• Communicating updates, statuses and timelines to stakeholders, and escalating items at risk
• Supporting teams with best practices, program-wide tools, dashboards and other enablers

SKILLS AND EXPERIENCE WE'RE LOOKING FOR

• Bachelor's degree in a relevant field (e.g., Finance, Accounting, Law).
• 2-3 years of experience in financial services and / or asset and wealth management is preferred. Experience in regulatory compliance or a related field is desirable but not essential.
• Proven experience in program and / or project management is required. A background in consulting, chief of staff team, or COO functions is highly preferred.
• An ability to navigate the firm and work with a diverse range of stakeholder groups
• Proven experience building new relationships to collaborate cross-functionally and build consensus across divisions
• Demonstrated ability to lead and manage multiple projects and meet competing deadlines
• Drive, motivation, and resilience - ability to handle multiple tasks, taking initiative to improve his / her own performance, working intensely towards goals and persisting in the face of obstacles