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

Wealth Management

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.

Wealth Management Risk

The 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 & Responsibilities

Wealth 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 Potential

• Defining fraud prevention requirements, supporting testing and ensuring successful implementation of controls
• Implementing and utilizing innovative technology and data analytics solutions to identity fraud patterns, trends, and strategy improvement opportunities
• Performing deep dive reviews on key operational processes to identify trends and opportunities to enhance fraud controls
• Maintaining capability to measure, monitor, forecast and understand fraud incidents through dashboards and control reports
• Researching and remaining current on the latest fraud trends and recommend new tools, services and practices
• Creating concise executive level presentations to effectively communicate analysis and proposals for necessary enhancements
• Gathering and synthesizing data to perform root cause analysis and determining thematic trends related to fraud incidents
• Providing ongoing oversight of fraud vendors and third-party risk
• Partnering with operational risk teams in ensuring compliance to risk management programs
• Ensuring Risk & Control Self-Assessment (RCSA) risk and control templates reflect the current risk environment and that issues are properly managed

Qualifications

Skills & Experience Were Looking For :