Asset & Wealth Management Operations - Control & Risk Management - Associate - Bengaluru

WEALTH MANAGEMENT OPERATIONS

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.

OPERATIONS 

Operations is a dynamic, multi-faceted function that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.

YOUR IMPACT

Does controlling and managing risk interests you? Our PWM Control and Risk Mangement team is looking for a professional to play a key role in safeguarding the client and Firm’s risk by monitoring PWM client and employee accounts to ensure adherence to Goldman Sachs policies and Federal regulations.

The Control and Risk Management team is looking for a professional who will be responsible for monitoring PWM accounts to ensure adherence to Goldman Sachs policies and Federal regulations.  CRM also ensures that the clients and sales team’s custody needs are met.  Specific functions include asset transfer review and approval and monitoring of exceptions to identify potential regulatory and trading restrictions

OUR IMPACT

Operations is a dynamic, multi-faceted division that partners with all areas of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. Alongside this vital service delivery role, Operations provides essential risk management and control, preserving and enhancing the firm’s assets and its reputation. For every trade agreed, every new product launched or market entered, every transaction completed, it is Operations that develops the processes and controls that makes business flow. Operations span all product lines and markets, serving as internal business partners who develop the processes and controls, and help to specify the systems that deliver accuracy, timeliness and integrity to our business.

CRM ensures that the clients and sales team’s custody needs are met. Specific functions include asset transfer review and approval and monitoring of exceptions to identify potential regulatory and trading restrictions, supporting Merchant Bank and Execution Service asset transfer requests, and coordinating and testing AMS/AMR enhancements with impact to Max Payable.

Private Wealth Management (PWM) Operations supports Private Wealth Management, which is responsible for advising wealthy individuals on strategies to build and protect their financial assets through highly customized advice and service. PWM Operations is instrumental in meeting our clients' needs and is responsible for the development, service delivery and control of global private banking; proprietary and open architecture alternative investment vehicles; derivatives trading; bookkeeping, accounting, performance measurement and reporting of Goldman-custodied assets and away-custodied assets; multiple externally managed account platforms; and multiple custody services.

JOB SUMMARY & RESPONSIBILITIES 

The Operations Associate is in charge of day-to-day operations and the long-term success of the control and risk management account.

 Perform daily control and risk management functions for a regional office account base

 Authorize high risk asset movements leaving client accounts

 Perform regulatory and risk related exception processing

 Maintain integrity of customer accounts

 Enforce Regulations and GS policy

 Demonstrates comprehensive understanding of job-related operational and compliance procedures and grow to be a

  process champion for the team

 Calculate/execute daily FSA(Financial Services Authority) Client Money balance/process

 Calculate and publish RQ(Risk Quotient) scores and help assess RCSA(Risk and Control Self-Assessment) items

 Identify, develop and drive process improvements within the team and participate in department initiatives

 Develop strong working relationships with Technology to help address technology-related issues and prioritize various

  projects/initiatives

BASIC QUALIFICATIONS

 Bachelor’s degree with a minimum of 3- 6 years of experience in financial services

 Proven client service skills, teamwork and a sense of urgency to fulfill time sensitive and highly confidential tasks

 Ability to develop and nurture relationships with senior business leaders within cross divisional a team

 Self-motivated and proactive team player who takes ownership and accountability for projects, has strong

  organizational skills as well as the ability to effectively manage competing priorities

 Flexible and able to work well under pressure in a team environment

 Strong written and verbal communication skills

 Proficiency using the Microsoft Office Suite in particular Excel, PowerPoint and Microsoft Word

 Knowledge of the margin business preferred

 Strong analytical and data skills

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. Learn more: 

© The Goldman Sachs Group, Inc., 2024. All rights reserved.

Goldman Sachs is an equal employment/affirmative action employer

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