Deposits Process & Controls Associate

Opportunity Overview

The Private Bank provides lending and banking solutions, including deposits, to high-net-worth clients across the firm's global Wealth Management businesses. The Deposits Process & Controls Associate will help strengthen the Deposits business operating model through enhanced governance, process improvement, risk management, and controls oversight. This role sits within the business and partners closely with Risk, Compliance, Operations, Technology, and Audit teams to support a scalable, well-controlled business.

Your Impact

The Private Bank provides lending and banking solutions, including deposits, to high-net-worth clients across the firm's global Wealth Management businesses. The Deposits Process & Controls Associate will help strengthen the Deposits business operating model through enhanced governance, process improvement, risk management, and controls oversight. This role sits within the business and partners closely with Risk, Compliance, Operations, Technology, and Audit teams to support a scalable, well-controlled business.

Key Responsibilities

• Risk & Controls

• Identify process, operational risk, and control gaps across the Deposits business.

• Support RCSA activities, issues management, audit remediation, and regulatory initiatives.

• Develop and maintain controls, procedures, and governance frameworks to ensure compliance with firmwide standards.

• Monitor and report on risk, control, and remediation activities.

• Process & Business Management

• Document and enhance end-to-end deposit processes, procedures, and workflows. Conduct periodic team trainings to review these

• Partner with stakeholders to drive process improvements, operational efficiency, and control effectiveness.

• Participate in the design of and launch of new products, pricing initiatives, and business changes by assessing process and control impacts.

• Assist with management reporting, business metrics, and strategic initiatives supporting the Deposits franchise.

• Stakeholder Engagement

• Run Deposits governance and risk forums, e.g., Deposits SteerCo

• Regular regional, advisor or client engagement and analysis to identify product or control gaps, issues and opportunities

• Regular engagement with Risk, Compliance, Operations, Technology, and Internal Audit teams to communicate ongoing business priorities.

• Coordinate and/or prepare responses to audits, reviews, and regulatory requests.

• Communicate process changes, risks, and remediation efforts to stakeholders across the business.

• Develop and review all deposits-related materials through a governance and risk lens including trainings, internal and external marketing materials

• Skills & Experience

• 3-5 years of experience in Private Banking Operations, Treasury, Operational Risk, Controls, Internal Audit, RCSA, Project Management, or a related first- or second-line function.

• Strong understanding of risk, controls, governance, and process management frameworks.

• Excellent written and verbal communication skills.

• Proven ability to manage multiple workstreams and drive execution across stakeholder groups.

• Strong analytical, organizational, and problem-solving skills.

• Experience with banking products, deposits, treasury services, or liquidity management is a plus.

• We Offer Best-In-Class Benefits

• Healthcare & Medical Insurance

• We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

• Holiday & Vacation Policies

• We offer competitive vacation policies based on employee level and office location. 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

• 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.

• 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.

• Fitness

• To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

• Child Care & Family Care

• 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.

• Benefits at Goldman Sachs

• Read more about the full suite of class-leading benefits our firm has to offer.