GBM - Public, Securities, Prime Services Clearing Risk, Associate, New York

Goldman Sachs; New York (NY); On-site; USD 120,000 - 160,000; Full time

Job summary

Goldman Sachs in New York is seeking an Associate level candidate for the Clearing Risk team to analyze and manage market risk across multi-asset portfolios. You will master intraday risk platforms, protect margin integrity, and work with global stakeholders to enhance risk and margin platforms.

The role involves explaining margin methodologies to clients, engaging with CCPs, and supervising desk analysts while collaborating with Technology, Strats, Operations, Credit and Sales teams on

Qualifications

• Strong communicator capable of building client relationships.
• Degree in a quantitative discipline preferred.
• Experience with listed derivatives; options experience a plus.
• Knowledge of CCP margin methodologies.

Responsibilities

• Perform risk analysis and deep dives into global multi-asset portfolios to assess market and liquidity risks.
• Master risk-based margin methodologies and processes.
• Master the intraday risk management platform and process.
• Work with key stakeholders to enhance existing risk management platforms and margin offering.
• Validate and support daily risk management reports and margin calls.
• Engage in innovative research tasks for the team and senior management.
• Explain margin methodologies and the risk management process on sales calls with prospective and existing clients.
• Engage with Exchanges & CCPs and advocate for improvements to margin methodologies and product design.
• Work closely with Technology, Strats, Operations, Credit and Sales teams on implementation and deployment of enhancements to margin methodology, process and policy.
• Supervise desk analysts and associates and help with training and knowledge transfer.

Skills

Strong communicator

Quantitative analysis

Derivatives knowledge

Options experience

CCPs knowledge

SQL

Programming

Presentation skills

Multitasking

Education

Quantitative discipline degree

Job description

JOB SUMMARY & RESPONSIBILITIES

Members of the Prime Services Clearing Risk team assess, monitor and manage the market risk of multi-product, multi-asset portfolios in the listed markets on both an intraday and overnight risk basis. Our client base includes the largest Market-Maker, Broker-Dealer and Proprietary Trading firms, alongside institutional Fund Managers, Hedge Funds, and CTAs.

We are staffed globally with offices in New York, Chicago, London, Hong Kong and Bengaluru. The team partners with multiple divisions under the Prime Services umbrella including Sales, Client Service, Credit, Compliance, Legal, Operations and Technology to deliver a best‑in‑class risk management platform that enables the business to compete and thrive in a sustainable way. The interaction with numerous departments, clients and the diverse projects that ensue allow for a challenging, multi-dimensional and rewarding work environment.

Currently we are seeking an Associate level candidate to join the Clearing Risk team in the New York office. A successful candidate would be expected to:

• Perform risk analysis and deep dives into global multi-asset portfolios to assess market and liquidity risks
• Master risk-based margin methodologies and process
• Master the intraday risk management platform and process
• Work with key stakeholders to enhance existing risk management platforms and margin offering
• Validate and support daily risk management reports and margin calls
• Engage in innovative research tasks for the team and senior management
• Explain margin methodologies and the risk management process on sales calls with prospective and existing clients
• Engage with Exchanges & CCPs and advocate for improvements to margin methodologies and product design
• Work closely and effectively with Technology, Strats, Operations, Credit and Sales teams on implementation and deployment of enhancements to margin methodology, process and policy
• Supervise desk analysts and associates and help with training and knowledge transfer

Required Skills and Qualifications

• Strong communicator with an ability to develop relationships with clients and across the firm
• Strong quantitative and analytical skills. A degree in a quantitative discipline is preferred
• Listed derivatives knowledge required. Experience with options strongly preferred. Previous trading or risk management experience at a Market‑Maker/Proprietary trading firm a plus.
• Knowledge of CCPs and their margin methodologies.
• Demonstrated interest and knowledge of markets and ability to assess impact of macro trends and market events on client portfolios.
• Strong writing, presentation and communication skills.
• Ability to handle multiple projects and deliverables concurrently.
• Functional knowledge of at least one programming language and SQL is beneficial.