Asset & Wealth Management, Wealth Management Risk, Fraud Risk, Associate

Wealth ManagementAcross 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.Wealth Management RiskThe Asset & Wealth Management Risk Team is part of the first line of defense function that provides review, analysis, and management of the financial and non-financial risks of the Asset & Wealth Management business.Job Summary & ResponsibilitiesWealth Management Risk is looking for an Associate responsible for maintaining and improving the fraud prevention and detection capabilities across Wealth Management. Wealth Management Risk owns fraud risk policy, manages the fraud strategy, and provides oversight of fraud risk management practices, ensuring controls are implemented and aligned to industry standards. The role will be responsible for the development of new analytical strategies, business processes and solutions to protect the firm and its clients from being impacted by fraud activity. The function works closely with Product, Engineering, and Operations in building and improving the infrastructure needed to detect and manage fraud effectively, and with several firmwide and second line of defense teams.How You Will Fulfill Your PotentialDefining fraud prevention requirements, supporting testing and ensuring successful implementation of controlsImplementing and utilizing innovative technology and data analytics solutions to identity fraud patterns, trends, and strategy improvement opportunitiesPerforming deep dive reviews on key operational processes to identify trends and opportunities to enhance fraud controlsMaintaining capability to measure, monitor, forecast and understand fraud incidents through dashboards and control reportsResearching and remaining current on the latest fraud trends and recommend new tools, services and practicesCreating concise executive level presentations to effectively communicate analysis and proposals for necessary enhancementsGathering and synthesizing data to perform root cause analysis and determining thematic trends related to fraud incidentsProviding ongoing oversight of fraud vendors and third-party riskPartnering with operational risk teams in ensuring compliance to risk management programsEnsuring Risk & Control Self-Assessment (RCSA) risk and control templates reflect the current risk environment and that issues are properly managedQualificationsSkills & Experience Were Looking For:Minimum of 3 years of risk management experience, preferably in the Financial Services, Banking or Consulting industriesAptitude for logically breaking down complex problems and processes, documenting workflows and exceptions, and communicating solutions with clarityAbility to analyze patterns and trends and communicate findings in an effective mannerOutstanding analytical and problem-solving skillsExperience with industry-leading fraud detection solutions is a plusExperience in utilizing programming, data analysis and data representation tools such as SQL, Python, Tableau is a plusUndergraduate degree in Business Administration, Statistics, Law, Economics, Engineering or related degreesCommitment to excellence and a high level of integrity