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

The Goldman Sachs Group; New York (NY); On-site; USD 150,000 - 225,000; Full time

Job summary

Goldman Sachs is seeking an Associate level candidate for the Clearing Risk team in New York. You will perform risk analysis, master margin methodologies, and manage intraday risk, working with Sales, Credit, Compliance, and Technology to enhance risk platforms.

You will engage with Exchanges/CCPs, supervise desk analysts, and contribute to training and knowledge transfer. A quantitative degree and derivatives knowledge are preferred.

Qualifications

• Degree in a quantitative discipline is preferred.
• Experience with listed derivatives is beneficial.
• Experience at a Market-Maker/Prop trading firm is a plus.

Responsibilities

• 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 stakeholders to enhance risk management platforms and margin offering.
• Validate and support daily risk management reports and margin calls.
• Explain margin methodologies and the risk management process on sales calls with clients.
• Engage with Exchanges & CCPs to improve margin methodologies and product design.
• Supervise desk analysts and associates and assist with training.

Skills

Strong communicator

Quantitative skills

Derivatives knowledge

CCPs knowledge

Programming language knowledge

SQL

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.

Salary Range

The expected base salary for this New York, NY, United States-based position is $150,000-$225,000. 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.