Risk, Liquidity Risk, Associate, Frankfurt

Goldman Sachs; Frankfurt; On-site; EUR 90,000 - 110,000; Full time

Job summary

Goldman Sachs in Frankfurt is seeking a Liquidity Risk professional to monitor and manage liquidity risk across European entities within the LR function. You will collaborate with engineering, treasury, and risk teams to model stress scenarios and strengthen governance.

The role requires 3-5 years in capital markets risk, strong quantitative skills, and familiarity with European liquidity regulations; German language is desirable. On-site work with global teams worldwide.

Qualifications

• Bachelor's degree in a quantitative field is required.
• 3-5 years of experience in capital markets, risks, or regulatory functions.
• Strong analytical and quantitative skills.
• Good understanding of European liquidity rules and regulator interaction preferred.
• Ability to work independently and communicate with stakeholders.

Responsibilities

• Develop in-depth understanding of the firm’s liquidity risk under different scenarios.
• Model liquidity risks with engineering teams under various stress scenarios; calibrate and implement assumptions.
• Develop and implement comprehensive liquidity risk governance framework.
• Monitor liquidity risks for European entities and explain the liquidity risks to stakeholders.
• Liaise with European regulators; explain risk posture and respond to data requests.
• Work on regulatory initiatives such as ILAAP, contingency funding plan, and recovery planning.
• Engage directly with risk-taking businesses to understand strategy and enforce limits.

Skills

Quantitative skills

Capital markets experience

Regulatory knowledge

Independent work

Analytical thinking

German language desirable

Education

Bachelor's degree in a quantitative field

Job description

RISK

Our Risk division develops comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities, lead projects, and contribute to the ongoing advancement of a robust risk management program. Effective coordination with executive management, business units, control departments and technology is critical for success.

Job Description

RISK

Our Risk division develops comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities, lead projects, and contribute to the ongoing advancement of a robust risk management program. Effective coordination with executive management, business units, control departments and technology is critical for success.

LIQUIDITY RISK (LR)

Liquidity Risk is the independent risk management function responsible for identifying, quantifying, and managing the liquidity risk of the firm. We work closely with Corporate Treasury, Controllers, Operations, Global Banking and Markets, Asset and Wealth Management Divisions, as well as the broader Risk organization to provide independent risk assessment and oversight of the firm s liquidity risk taking.

Key Functions Include

• Stress Testing: Methodology development, model creation and governance, assumption review and approval, and risk measurement
• Regulatory Stress Metrics, Liaison, & Advocacy: Regulatory policy and rule interpretation, engagement with global regulators and policy advocacy, Calculation and disclosure of key regulatory stress metrics
• Risk Limit Governance: Setting liquidity risk appetite, calibration of risk limits, sign-off on limits frameworks, and ongoing monitoring of limit utilization and remediation
• Analytics: Measurement, analysis, and reporting of risk measures, development of platforms and tools for risk calculation and visualization, and governance of data quality and completeness controls
• Governance & Reviews: Ongoing evaluation of compliance with key regulatory regimes, new activity impact assessments and approvals, engagement with key committees and governing bodies, and maintenance of key policies and procedures
• Risk Oversight: Monitor, govern, and challenge various liquidity and funding execution activities, including cash & collateral management, funds transfer pricing, balance sheet usage, liquidity and funding projections, and liability management Active and ongoing engagement with risk taking businesses to understand, monitor, and govern liquidity risk
• Direct engagement with Risk Leadership and global regulators regarding material risks, current risk exposures, and limits governance

Responsibilities

• Develop in-depth understanding of the firm’s liquidity risk under different scenarios, identify and challenge qualitative assumptions
• Work closely with engineering teams to model liquidity risks under various stress scenarios; propose, calibrate, and implement appropriate assumptions
• Work closely with LR leadership to develop and implement comprehensive liquidity risk governance framework,
• Monitor liquidity risks for the European entities, understand and explain the liquidity risks to various stakeholders
• Liaise with the European regulators for matters related to liquidity risks, Engage periodically with regional regulators to explain the firm s risk posture, clarify rule interpretations, respond to analysis and data requests, and support advocacy discussions
• Work on the key regulatory initiatives such as ILAAP, contingency funding plan and recovery planning
• Monitor limit utilization, breach remediation, and escalation workflow Engage directly with the risk taking businesses to understand strategy, assess new activities, enforce limits, comply with regulatory requirements, and challenge proposals

Skills & Experience Required

• Strong academic background and quantitative skills
• 3-5 years of experience in capital markets, preferably in Risk, Treasury, funding-related or regulatory functions
• Interest in financial markets and risk management, motivated by learning and continuous improvement
• Strong understanding of the European rules and regulations related to Liquidity, prior experience of dealing with regulators would be desirable
• Ability to work independently, form own judgment/opinions, provide insights and drive change
• Proactive with strong analytical, interpersonal and communication skills and ability to build relationships remotely
• Strong verbal and written communication skills, German language skills would be desirable
• Ability to interact with and build relationships with people from different departments and levels of seniority

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 GS.com/careers. We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html © The Goldman Sachs Group, Inc., 2026. All rights reserved. Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.