Risk, Market Risk, Associate, New York

Goldman Sachs; New York (NY); On-site; USD 150,000 - 210,000; Full time

Job summary

Goldman Sachs Risk Division is seeking Market Risk professionals who identify, anticipate, measure and mitigate risks across global business lines. The MR team focuses on effective deployment of risk appetite, prudent management and regulatory compliance for market risks through analysis, stress tests and escalation.

You will work with colleagues globally on tasks and projects that contribute to the firm’s success, gaining a broad perspective on risk management in a leading financial institution.

Qualifications

• 3–5 years’ experience in market risk or a related role.
• Strong academic record in quantitative disciplines.
• Knowledge of risk metrics and financial instruments.

Responsibilities

• Evaluate market risk taking behavior and influence outcomes through portfolio and transaction level risk analysis.
• Understand factors and events that could impact financial markets and analyze their effect on portfolios.
• Perform proactive ad hoc stress tests ahead of notable market events.
• Escalate issues promptly to senior management.
• Lead rollout of new risk measures and improve existing ones.
• Review and challenge risk taking activities with traders and bankers.
• Monitor adherence to risk limits and communicate material risks to senior leadership.
• Sign off on Market Risk approval processes for new products.
• Operate at the intersection of risk appetite and commercial activity.
• Aim to improve financial impact and performance under a robust control environment.

Skills

Market risk principles

Equities and Derivatives

Coding skills

Cross-functional collaboration

Communication with senior management

Education

Bachelor’s/Master’s in STEM

Job description

Risk Division

The Risk Division, as second line of defense for the firm, identifies, anticipates, measures and mitigates – whenever appropriate - the diverse array of risks that the firm faces in serving clients and operating its global businesses. Risk professionals focus on giving the firm clarity on the risk profile of our activities and devise strategies to protect the firm’s ability to serve our clients as a leader in global financial markets.

Market Risk Overview

Market Risk (MR) are part of the Risk division and are responsible for effective deployment of the firm’s market risk appetite, prudent risk management and regulatory compliance for the Firm’s market risks. This is achieved through the proactive application of expert knowledge, judgement and risk management capabilities including limit setting. Activities are centered on Risk management and analysis, transparency and escalation of Risk, Supervision and overall process improvement.

You will work closely with colleagues around the globe on tasks and projects that contribute directly to the firm\'s success. MR 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.

Responsibilities

• Evaluate market risk taking behavior and influence outcomes through portfolio and transaction level risk analysis as well as risk limit calibration and setting
• Understand factors and events that could lead to an impact on the financial markets, and analyze their impact on the firm’s portfolios
• Perform pro-active ad hoc stress tests ahead of notable market events
• Ensure that issues are promptly escalated to senior management.
• Direct the implementation of new risk measures and improvements to existing measures using knowledge of risk management and communicating directly with senior management on risk-related issues.
• Review and challenge risk taking activities while engaging effectively with traders/bankers
• Monitor adherence to established risk limits and ensuring that material risks are effectively communicated to senior management.
• Maintain shared responsibility for signing off on the Market Risk approval process for new products traded by the businesses covered.
• Operate at an intersection of risk appetite and conducting business.
• Improve commercial impact and effective personnel performance under a robust control environment

Qualifications

• Strong academic record in quantitative discipline, with Bachelor’s/Master’s degree in STEM field (Science, Technology, Engineering, Mathematics) preferred.
• Demonstrable knowledge of core market risk principles, metrics, and financial instruments, with prior experience in Equities and Derivatives preferable. Coding skills will be a plus.
• Ability to collaborate with people from different departments and levels of seniority
• Ability to communicate complex information directly with senior management
• 3-5 years’ experience in the industry/a relevant role