Risk, Market Risk (Equity Derivatives), Vice President, New York

Goldman Sachs; New York (NY); Hybrid; USD 180,000 - 270,000; Full time

Job summary

Goldman Sachs in New York seeks a Lead for Americas Equity Market Risk to head the second line of defense. The role oversees the US Equities franchise across Options, Exotics, Convertibles and One Delta, and leads a team of Market Risk Specialists in monitoring risk, implementing limits, and challenging risk-taking activity.

The candidate should bring ~10 years of market risk experience, with 4+ years in Equities, and deep knowledge of VaR, stress testing and derivatives risk.

Qualifications

• Approximately ten years’ experience in market risk management or similar role with transferable skills.
• At least four years covering Equities.
• Deep experience in risk managing non-linear/derivatives products.
• Strong academic record with Finance/Mathematics or related field preferred.
• Deep understanding of risk measures and regulatory rules: VaR, stress testing, greeks, Volcker rule, CCAR.

Responsibilities

• Evaluate risk taking behavior and influence outcomes through portfolio and transaction level risk analysis.
• Regular interaction with and challenge of senior Equities traders across a range of equity strategies and risk types, with focus on Equity Derivatives.
• Establishing limit setting and risk tolerance.
• Ongoing review of risk measures (VaR, greeks, stress tests) and interaction with 1st line risk takers.
• Collaboration with Risk Engineering on development of new risk measures and stress tests.
• Proactive identification of emerging risks (e.g. basis risks, crowded trades).
• Connect events to potential vulnerabilities and disseminate information to stakeholders.

Skills

Market risk management

Equities risk

Derivatives risk

Regulatory knowledge

Code supervision

Education

Bachelor’s degree in Finance/Mathematics or related field

Tools

Excel

Bloomberg

Refinitiv Eikon

Job description

Title : Americas Equity Market Risk (Lead)

Tenure: 7y+ (ideally 7-15y)

We are looking for a professional to lead Americas Equities Market Risk in New York, joining the second line of defense Market Risk Specialists group. The lead will have oversight of US Equities franchise covering Options, Exotics, Convertibles, and One Delta.

DIVISION AND DEPARTMENT OVERVIEW

The Risk Division is responsible for independent review of market, credit, operational, model, and liquidity risk throughout the firm as well as enterprise wide stress testing.

Market Risk Specialists is a Department within the Risk Division that facilitates effective deployment of risk appetite, prudent risk management and regulatory compliance for the Firm’s market risks. The group acts as a key stakeholder in ensuring that the firm’s business plans are within its market risk appetite, and engages directly with businesses on the review and challenge of risk management actions. The group also plays a key role in keeping the Board of Directors apprised of the firm’s market risk profile. This is achieved through the use of a suite of risk measures, proactive application of expert judgement, and limit setting. Activities are centered on risk management and analysis, transparency and escalation of risk, supervision, and overall process improvement.

KEY RESPONSIBILITIES

• Evaluate risk taking behavior and influence outcomes through portfolio and transaction level risk analysis taking into consideration risk appetite
• Regular interaction with and challenge of senior Equities traders across a range of equity strategies and risk types , with particular focus on Equity Derivatives
• Establishing Limit setting and risk tolerance
• Ongoing review of risk measures (VaR, greeks, stress tests) and interaction with 1st line risk takers
• Collaboration with Risk Engineering colleagues on the development of new risk measures / stress tests and improvements to existing measures
• Proactive identification of emerging risks (e.g. basis risks, crowded trades)
• Connect events (e.g. macroeconomic data releases, political elections) to potential vulnerabilities
• Dissemination of information and education of stakeholders through effective and timely communication and collaboration
• Communication with senior management and regulators
• Supervision of direct reports

QUALIFICATIONS

• Approximately ten years’ experience in market risk management or similar role with transferable skills, with at least four years covering Equities
• Deep experience in risk managing non-linear/derivatives products
• Strong academic record with Bachelor’s degree, equivalent or above in Finance, Mathematics or a related quantitative/analytical discipline preferred
• Deep understanding of financial products including their risk/reward tradeoffs with a focus on Equities
• Deep understanding of market risk measures, concepts, and regulatory rules: VaR, stress testing, greeks, Volcker rule, CCAR
• Excel, Bloomberg, Refinitiv Eikon, ability to pick up in-house systems
• Ability to code or supervise those who code a plus
• Proven problem solving ability and control mindset
• Able to analyze and challenge risk taking activities while engaging effectively with first line of defense
• Desire and ability to collaborate with people from different departments and levels of seniority
• Desire and ability to communicate complex information and concepts in layperson terms directly with senior management (both written and verbally)
• Control mindset