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Global Banking & Markets - Prime Services Risk - Associate - Bengaluru

AT Goldman Sachs
Goldman Sachs

Global Banking & Markets - Prime Services Risk - Associate - Bengaluru

Bangalore, India

Description

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Bengaluru, Hong Kong and other major financial centres around the world.

FICC & EQUITIES

We make markets in and clear client transactions on major stock, options and futures exchanges worldwide. Through our global sales force, we maintain relationships with our clients, receiving orders and distributing investment research, trading ideas, market information and analysis.

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Prime Services Risk

Prime Services provides services including financing, securities lending, execution and clearing, custody and settlement, capital introduction, consulting services to hedge funds, institutional clients, market makers, brokers. The Risk team is responsible for end of day and intraday risk management of client portfolios. The Risk team maintains proprietary stress methodologies that govern the margin posted by clients or setting risk limits at overall Beneficiary level. Risk team also runs several risk control processes for timely identification and escalation of client portfolios flagging for specific risks and prepares regular updates for senior management. For centrally cleared products (listed and OTC), the Risk team also reviews exchange margin methodologies on a regular basis and regularly engages with Exchanges, regulatory bodies and industry associations in advocacy efforts to ensure exchange models are robust.

Responsibilities:

  • Review of overall CCP risk framework, particularly models for initial margins and default fund calibration across different parameters
  • Running back-testing at contract level for assessing adequacy of margins, logging and summarizing findings
  • Modeling and running stress tests to estimate exposures to different CCP's
  • Generating succinct summary, recommendations for advocacy efforts with CCP
  • Generating analytics and trends around margin levels

Long Term Growth:

  • Pivotal role in firmwide committees, Margin Adequacy Working Group and Clearinghouse Risk Committee
  • Representing GS on Risk Committees for Exchanges, engage in Advocacy efforts for enhancing CCP frameworks

Qualifications:

  • Fundamental understanding of Clearing process, CCP and key drivers of risk
  • Strong quantitative and programming skills for generating margin analytics
  • Good verbal and written communication skills
  • Ability to work under pressure and managing multiple deadlines

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 firmwide 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., 2021. All rights reserved.

Goldman Sachs is an equal employment/affirmative action employer

Client-provided location(s): Bengaluru, Karnataka, India
Job ID: goldman-115302
Employment Type: Other

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