Risk, Hedge Fund Credit Risk, Analyst, London

Goldman Sachs Group, Inc.; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading global investment banking firm in London seeks a Counterparty Credit Risk professional with over 3 years experience in credit risk management. The role focuses on assessing financial strength, setting credit exposure appetite, and collaborating with multiple divisions. Essential skills include strong financial market knowledge, experience with derivatives, and proficiency in Microsoft Excel. This position offers an opportunity to work within a team in a dynamic trading environment.

Qualifications

• 3+ years credit risk management experience.
• Strong knowledge of financial markets.
• Understanding of various derivatives.
• Familiarity with macroeconomics and global trends.
• Interest in fund industry.
• Interest in corporate or banking industry.
• Python experience would be an asset.
• Good knowledge of Microsoft Excel and PowerPoint.
• Ability to perform under pressure.
• Intellectual curiosity and self‑motivation.
• Fluent English is a must.

Responsibilities

• Assess financial strength of counterparties through due diligence and analysis.
• Set credit exposure appetite across trading products.
• Develop knowledge of methods to model credit risk.
• Collaborate with divisions like Sales and Trading.
• Analyze potential exposure and approve collateral levels.
• Escalate material issues to seniors.
• Contribute to multiple projects with team cooperation.
• Engage in negotiating trading documentation.

Skills

Credit risk management experience

Knowledge of financial markets

Understanding of derivatives

Familiarity with macroeconomics

Interest in the fund industry

Interest in corporate or banking industry

Python

Microsoft Excel

Microsoft PowerPoint

Client interaction skills

Job description

RISK

The Risk Division is a team of specialists charged with managing the firm’s credit, market, liquidity, operational and capital risk. Whether assessing the creditworthiness of the firm’s counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firm’s success. The division is ideal for collaborative individuals who have strong ethics and attention to detail.

Division/Business

Credit Risk works closely with the CRO / senior management to manage Goldman Sachs’ credit risk. Credit professionals protect the firm’s capital by using in‑depth knowledge of our clients, markets and trading products to make decisions on acceptable levels of firm’s risk appetite. Staffed with 300 professionals, Credit Risk operates through 11 different offices around the world. Credit Risk provides a unique opportunity to develop a variety of professional skills and expertise in risk management while working on financial transactions.

COUNTERPARTY CREDIT RISK

Credit Risk (CR) is responsible for managing the firm’s credit exposure to its trading and lending counterparties. Leveraging its extensive expertise in financial, credit and risk analysis, CR ensures that credit exposure to our counterparts is managed within the firm’s risk appetite. Credit professionals work closely with many areas of the firm. Given this structure, CR professionals gain diverse financial experience and a broad perspective on how the entire firm functions. The interaction with numerous departments and the range of projects that ensue allow for a challenging, varied and multi‑dimensional work environment.

This business is ideal for collaborative individuals who have strong ethics and attention to detail. Whether assessing the creditworthiness of the firm’s counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firm’s success.

THE ROLE & RESPONSIBILITIES

• Assessing the financial strength of counterparties through counterparty due diligence, financial analysis and market analysis; and summarizing your views to formulate risk rating recommendations.
• Setting credit exposure appetite across trading products utilizing internal exposure methodologies.
• Developing a good high‑level working knowledge of methods used to model and monitor credit risk across various products. Leveraging that knowledge to assess transaction and portfolio‑level risk of counterparties.
• Work in collaboration with other divisions (such as Sales, Trading, Legal, Client Onboarding).
• Analysing potential exposure and approving collateral levels.
• Taking a broad view of risks and escalating material issues to seniors.
• Involvement in multiple projects (with strong cooperation with other teams and divisions, as well as regions).
• Active engagement in the negotiation of trading documentation to ensure adequate risk mitigants are in place.

EXPERIENCE & SKILLS REQUIRED

• 3+ years credit risk management experience.
• Strong knowledge of financial markets.
• Understanding of various derivatives.
• Familiarity with macroeconomics and the latest global trends.
• Interest in fund industry.
• Interest in corporate or banking industry would be an asset.
• Python experience would be an asset.
• Good knowledge of Microsoft Excel and PowerPoint.
• Ability to perform under pressure.
• Intellectual curiosity and self‑motivation.
• Fluent English is a must (additional language would be an asset).
• Strong interest in client interaction and relationship management.

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 firm‑wide 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., 2023. 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, veteran status, disability or any other characteristic protected by applicable law.