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    Risk, Market Risk, Associate - New York, NY, United States - Goldman Sachs

    Goldman Sachs
    Goldman Sachs New York, NY, United States

    1 week ago

    Default job background
    Full time
    Description
    We are looking for a professional to join the second line of defense Market Risk Specialists group in New York covering Structured and Traded Credit (Corporate Bonds, Loans, CDS, Index, Swaption, Exotics, Municipals)
    The role is a business facing role, who have regular meetings with the traders and business heads providing risk insight and challenge

    DIVISION AND DEPARTMENT OVERVIEW

    The Risk Division is responsible for independent review of market, credit, operational, model, and liquidity risk throughout the firm as well as enterprise wide stress testing

    Market Risk Specialists is a Department within the Risk Division that facilitate effective deployment of risk appetite, prudent risk management and regulatory compliance for the Firm's market risks
    The group acts as a key stakeholder in ensuring that the firm's business plans are within its market risk appetite, and engages directly with businesses on the review and challenge of risk management actions
    The group also plays a key role in keeping the Board of Directors apprised of the firm's market risk profile
    This is achieved through the use of a suite of risk measures, proactive application of expert judgement, and limit setting
    Activities are centered on risk management and analysis, transparency and escalation of risk, supervision, and overall process improvement

    RESPONSIBILITIES
    • Ongoing review of risk measures (VaR, greeks, stress tests) and interaction with 1st line risk takers
    • Evaluate risk taking behavior and influence outcomes through portfolio and transaction level risk analysis taking into consideration risk appetite
    • Collaboration with Risk Engineering colleagues on the development of new risk measures / stress tests and improvements to existing measures
    • Limit setting
    • Connect events (e.g
      macroeconomic data releases, political elections) to potential vulnerabilities
    • Dissemination of information and education of stakeholders through effective and timely communication and collaboration
    • Communication with senior management and regulators
    QUALIFICATIONS
    • Approximately 2-5 years' experience in market risk management or a similar role with transferable skills (such as product controller or counterparty risk manager with Credit business experience)
    • Strong academic record with Bachelor's degree, equivalent or above in Finance, Mathematics or a related quantitative/analytical discipline preferred
    • Deep understanding of financial products including their risk/reward tradeoffs with a focus on Fixed Income Products and in particular Corporate Credit
    • Deep understanding of market risk measures, concepts, and regulatory rules: VaR, stress testing, greeks, Volcker rule, CCAR
    • Excel, Bloomberg, Refinitiv Eikon, ability to pick up in-house systems
    • Ability to code or supervise those who code a plus
    • Proven problem solving ability and control mindset
    • Able to analyze and challenge risk taking activities while engaging effectively with first line of defense
    • Desire and ability to collaborate with people from different departments and levels of seniority
    • Desire and ability to communicate complex information and concepts in layperson terms directly with senior management (both written and verbally)
    • Control mindset
    Salary Range
    The expected base salary for this New York, New York, United States-based position is $110000-$140000
    In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end

    Benefits
    Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience
    A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here
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