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Transaction Banking Controls Testing Associate, Dallas

Goldman Sachs

Goldman Sachs

Dallas, TX, USA
Posted on Thursday, June 6, 2024

Job Description

Platform Solutions, Transaction Banking – Controls & Testing Associate, Dallas

In Platform Solutions (PS), we power clients with innovative and customer-centered financial products. We bring the best qualities of a technology player and combine that with the best attributes of a large bank. PS is comprised of four main businesses, underpinned by engineering, operations and risk management:

  • Transaction Banking (TxB), a cash management and payments platform for clients building a corporate treasury system
  • Enterprise Partnerships, consumer financial products that companies embed directly within their ecosystems to better serve their end customers
  • ETF Accelerator, a platform for clients to launch, list and manage exchange-traded funds

Join us on our journey to deliver financial products and platforms that prioritize the customer and developer experience.

HOW YOU WILL FULFILL YOUR POTENTIAL

We are seeking a professional to join our First Line Risk and Control team, supporting Transaction Banking (TxB) Monitoring & Testing and driving the implementation of horizontal TxB risk programs. This individual will be responsible the development and implementation of risk-based testing, liasing with product, operations, and second line of defense teams to ensure risk program and regulatory adherence. The role will also provide the opportunity to drive development and enhancement of risk and control programs

  • Assess and manage risk, including testing and monitoring of regulatory, policy and process compliance
  • Work closely with process owners to create a testing program for risks and controls
  • Gather and synthesize data to determine root causes and trends related to testing failures
  • Propose effective and efficient methods to enhance testing and sampling strategies (including automation) to ensure the most effective risk detection, analyses and control solutions
  • Proactively identify potential business risks, process deficiencies and improvement opportunities and make recommendations for additional controls and corrective action to enhance the efficiency and effectiveness of risk mitigation processes
  • Maintain effective communication with stakeholders and support teams in remediation of testing errors; assist with implementation of corrective actions related to testing fails and non-compliance with policies and procedures
  • Focus on continuous improvement and evolution to meet changing requirements, driving maximum visibility to the executive audience
  • Work closely with enterprise risk teams to ensure business line risks are being shared and rolled up to firm-wide risk programs

Your Skills

  • 3+ years experience in leading Operational Risk, Non-Financial Risk and/or Control teams for financial products preferably in Wholesale banking
  • Risk Framework knowledge and experience operating across risk programs
  • Genuine excitement and passion for leading root cause analysis, troubleshooting technical process failures and implementing fixes to operationalize a process
  • Bachelor’s degree or equivalent military experience
  • Demonstrated advanced analytical, critical thinking and problem solving skills
  • Highly motivated self-starter with strong organizational skills, exceptional attention to detail, and the ability to remain organized in a fast-paced environment
  • Strong interpersonal, and relationship management skills
  • Proven ability to apply strategic thinking and analytical skills to complex organizational and business issues
  • Integrity, ethical standards, and sound judgment; ability to exercise discretion with respect to sensitive information.