Vice President of Controls Monitoring and Testing

1 week ago


Chicago, Illinois, United States Goldman Sachs Group, Inc. Full time
Vice President of Controls Monitoring and Testing

Overview

At Goldman Sachs, we are dedicated to empowering our clients and customers globally to achieve their financial aspirations. Our Wealth Management division offers a comprehensive suite of services, including financial planning, investment management, and banking solutions tailored for a diverse clientele, from ultra-high net worth individuals to corporations.

About Marcus by Goldman Sachs

Marcus by Goldman Sachs represents our direct-to-consumer initiative, merging innovative start-up energy with over 150 years of industry expertise. We cater to millions of customers through a range of products, utilizing cutting-edge design and technology to deliver valuable and transparent financial solutions.

Your Role

We are in search of a seasoned Vice President to spearhead the Controls Monitoring and Testing function for Marcus US Deposits within our Asset Wealth Management Division. This pivotal role involves leading a team responsible for evaluating, designing, and executing control monitoring and testing strategies for essential controls.

Key Responsibilities

  • Formulate and implement a strategic roadmap for effective controls monitoring and testing.
  • Evaluate regulatory and operational risks alongside relevant controls to devise proactive monitoring and testing strategies.
  • Ensure the timely execution of controls monitoring and testing in alignment with established plans.
  • Analyze outputs from control monitoring and testing to identify common control failures.
  • Collaborate with cross-functional teams to review testing results and determine root causes.
  • Lead the aggregation, analysis, and reporting of results for senior stakeholders and risk committees.
  • Work with other Controls functions to enhance process and controls design based on testing outcomes.
  • Engage with compliance and audit teams as necessary to support examinations.
  • Recruit, develop, and retain top talent within the team.
  • Innovate testing strategies and tools to enhance efficiency in monitoring, analysis, and reporting.
  • Promote a culture of risk awareness and regulatory compliance across internal stakeholders.
  • Contribute to Risk Governance initiatives by providing expert insights and leadership.

Qualifications

  • At least 10 years of experience in Operational Risk, Compliance, Controls, or Audit within the financial services sector.
  • Proven expertise in leading and developing controls monitoring and testing functions.
  • Strong leadership capabilities with a track record of managing and inspiring teams.
  • Exceptional communication and interpersonal skills for effective engagement with stakeholders.
  • Ability to operate independently and navigate complex organizational structures.
  • Outstanding analytical and decision-making abilities.
  • A Bachelor's degree is required; advanced degrees or relevant certifications are preferred.

About Goldman Sachs

Goldman Sachs is committed to leveraging our people, capital, and ideas to support our clients, shareholders, and communities. Founded in 1869, we are a premier global investment banking, securities, and investment management firm with a worldwide presence.

We believe that diversity and inclusion enhance our workplace and contribute to our success. We are dedicated to providing opportunities for professional and personal growth through various training, development programs, and wellness initiatives.



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