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Marcus by Goldman Sachs, Business Risk Analyst, Analyst, London

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Goldman Sachs

1mo ago

  • Job
    Full-time
    Entry, Junior & Mid Level
  • Customer Relations
  • London

AI generated summary

  • You should be self-directed, detail-oriented, and possess strong communication and leadership skills with a basic understanding of risk management and UK regulations in a regulated environment.
  • You will support risk management, conduct control testing, assess risks, collaborate with training teams, ensure compliance, and maintain risk assessments and reports.

Requirements

  • Must be self-directed, detail oriented, positive attitude, driven, able to work independently in a team-oriented and fast paced environment
  • Proven ability to lead by example, with a positive attitude
  • Good interpersonal skills
  • Excellent communication and delivery skills
  • Good presentation skills
  • Ability to lead teams and drive performance standards
  • Good leadership skills and the ability to motivate and coach staff
  • A desire to help others work towards targets and develop their skills
  • Basic understanding of risk management, preferably within Retail Banking environment
  • Experience in a regulated and audited service environment
  • Understanding of the UK regulatory environment

Responsibilities

  • Supports the Business Risk Managers in designing and developing suitable controls for the Marcus Operations team
  • Works with Customer Support team to build a strong understanding with established policies, procedures and authority levels across multiple cross-functional teams and processes and works with risk manager to define and set controls to ensures compliance
  • Carries out monthly control testing on all procedures, as directed by the management team, to identify any gaps in controls of new / emerging risks
  • Completes ongoing risk assessments of agreed procedures, as directed by the wider management team; analysing existing risks along with new and emerging risks and identifying, describing and estimating the risks affecting the team
  • Works closely with Training team to establish quality issues and ensure this is embedded into policies, procedures and controls
  • Partners with Training and Development analysts to collect and analyze data from each audit/monitor activity and assist customer support teams with the development and implementation of appropriate corrective action plans, training tips, and team communication to improve overall quality results
  • Supports regular audits of policy and compliance to standards
  • Supports and maintain the Risk Control Self Assessments for the Customer Support teams
  • Inputs into the monthly Risk and Compliance dashboard.
  • Provides control results to feed into monthly report on control testing
  • Works with business risk strategy manager to ensure the incident management and business continuity plans are understood
  • Deputises for business risk managers as required
  • Ensure that all risk actions are updated regularly, and closed as appropriate

FAQs

What is the main focus of the Marcus by Goldman Sachs Business Risk Analyst role?

The main focus is to support the business risk team in designing and developing controls for the Marcus Operations team, ensuring compliance, and conducting risk assessments.

What qualifications are required for this position?

A basic understanding of risk management is required, preferably within a Retail Banking environment.

Is experience in a regulated environment necessary for the role?

While not required, experience in a regulated and audited service environment is desirable.

What key skills are important for the Business Risk Analyst position?

Important skills include good interpersonal, communication, and presentation skills, as well as the ability to lead teams, drive performance, and motivate staff.

Will I be working independently or as part of a team?

The role requires working independently in a team-oriented and fast-paced environment.

What are the primary responsibilities of this role?

Responsibilities include conducting monthly control testing, ongoing risk assessments, partnering with training teams for quality improvements, and maintaining Risk Control Self Assessments.

Is this position more focused on technical skills or soft skills?

This position requires a balanced combination of both technical skills related to risk management and soft skills such as leadership and communication abilities.

Are there opportunities for professional growth within this role?

Yes, Goldman Sachs is committed to providing training and development opportunities to help individuals grow professionally and personally.

How does Goldman Sachs prioritize diversity and inclusion?

Goldman Sachs is committed to fostering and advancing diversity and inclusion within the workplace, ensuring all individuals have the opportunity to grow and succeed.

What type of environment does the Marcus by Goldman Sachs team work in?

The team operates in a fast-paced environment that combines the entrepreneurial spirit of a start-up with the experience of a well-established firm.

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Goldman Sachs

Finance
Industry
10,001+
Employees
1869
Founded Year

Mission & Purpose

Goldman Sachs is a global investment banking, securities, and investment management firm. They offer a range of financial services to corporations, financial institutions, governments, and individuals. Goldman Sachs' primary activities include investment banking, asset management, securities trading, and providing advisory services. Their ultimate mission is to be a leading global financial institution, providing superior financial expertise and solutions to their clients. The purpose of Goldman Sachs is to help their clients achieve their financial goals, manage risk, and navigate complex markets. They aim to drive economic growth, foster innovation, and create long-term value for their clients, shareholders, and the communities they operate in. Goldman Sachs is committed to upholding the highest standards of integrity, professionalism, and client service, serving as a trusted partner and advisor in the world of finance.

Culture & Values

  • Partnership

    We prioritize collaboration and believe in the strength of the collective, creating a culture that fosters teamwork and belonging in the pursuit of professional and personal growth.

  • Client Service

    We lead with a service mindset, working to earn our clients’ trust and exceed their expectations by understanding and overdelivering on their goals.

  • Integrity

    We hold ourselves accountable to the highest ethical standards, insisting on transparency and vigilance from our people as we learn from our experiences and make decisions that instill a sense of pride in our firm.

  • Excellence

    We aspire to nothing less than excellence, striving for exceptional performance and superior results for our clients, our shareholders, and our communities.

Benefits

  • Holiday and Vacation Policies

    We offer competitive vacation policies based on employee level and office location. This is in addition to any number of statutory and public holidays as determined by each office. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

  • Financial Wellness & Retirement

    The firm provides a number of resources and offerings designed to help our employees achieve their personal financial goals. We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities — from buying a home, to navigating market volatility and investments, legacy and estate planning, tax strategies, and will preparation.

  • Health Services

    We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

  • Childcare / Family Care

    In some offices, we offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

  • Flexible Working

    Based on manager approval, the following arrangements may be available to help employees meet their personal and family responsibilities: part-time schedules, job sharing, telecommuting, and alternate hours.