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 is a Department within the Risk Division that facilitates 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.
KEY RESPONSIBILITIES
1. Reviewing European entity risks and ensuring compliance with local governance framework and controls
2. Work collaboratively across functions to identify risk insights and ensure transparency to key stakeholders
3. Ongoing review of risk measures (VaR, greeks, stress tests) and interaction with 1st line risk takers
4. Ability to use coding skills to develop on-desk risk dashboards and provide insights on market trends and emerging risks
5. Evaluate risk taking behavior and influence outcomes through portfolio and transaction level risk analysis taking into consideration risk appetite
6. Collaboration with Risk Engineering colleagues on the development of new risk measures / stress tests and improvements to existing measures
7. Proactive identification of emerging risks (. basis risks, crowded trades)
8. Limit/threshold monitoring and setting
9. Connect events (. macroeconomic data releases, political elections) to potential vulnerabilities
10. Dissemination of information and education of stakeholders through effective and timely communication and collaboration
11. Communication with senior management and regulators
QUALIFICATIONS
12. One to three years’ experience in market risk management or similar role with transferable skills
13. Strong academic record with Bachelor’s degree, equivalent or above in Finance, Mathematics, Engineering or a related quantitative/analytical discipline preferred
14. Ability to code desirable
15. Understanding of financial products including their risk/reward tradeoffs
16. Understanding of market risk measures, concepts, and regulatory rules: VaR, stress testing, greeks
17. Excel, Bloomberg, Refinitiv Eikon familiarity, and ability to pick up in-house systems
18. Proven problem solving ability and control mindset
19. Able to analyze and challenge risk taking activities while engaging effectively with first line of defense
20. Desire and ability to collaborate with people from different departments and levels of seniority
21. Desire and ability to communicate complex information and concepts in layperson terms directly with senior management (both written and verbally)The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.
ABOUT GOLDMAN SACHS At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at /careers. We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.