RISK DIVISION
The Risk Business identifies, monitors, evaluates, and manages the firm's financial and non-financial risks in support of the firm's Risk Appetite Statement and the firm's strategic plan. Operating in a fast paced and dynamic environment and utilizing the best in class risk tools and frameworks, Risk teams are analytically curious, have an aptitude to challenge, and an unwavering commitment to excellence.
WHAT WE LOOK FOR
This business is ideal for collaborative individuals who have strong ethics and attention to detail. Whether assessing the creditworthiness of the firm's counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firm's success.
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FINANCE RISK
FINANCE RISK (FR) Finance Risk is the independent risk management function responsible for identifying, quantifying, and managing the liquidity risk, capital risk and interest rates risk of the firm. We work closely with Corporate Treasury, Controllers, Operations, Revenue Divisions, and the broader Risk organization to provide independent risk assessment and oversight of the firm's liquidity risk taking. Key functions include:
- Stress Testing: Methodology development, model creation and governance, assumption review and approval, and risk measurement
- Regulatory Stress Metrics, Liaison, & Advocacy: Regulatory policy and rule interpretation, engagement with global regulators and policy advocacy, Calculation and disclosure of key regulatory stress metrics
- Risk Limit Governance: Setting liquidity risk appetite, calibration of risk limits, sign-off on limits frameworks, and ongoing monitoring of limit utilization and remediation
- Governance & Reviews: Ongoing evaluation of compliance with key regulatory regimes, new activity impact assessments and approvals, engagement with key committees and governing bodies, and maintenance of key policies and procedures
- Risk Oversight: Monitor, govern, and challenge various liquidity and funding execution activities, including cash & collateral management, funds transfer pricing, balance sheet usage, liquidity and funding projections, and liability management Active and ongoing engagement with risk taking businesses to understand, monitor, and govern liquidity risk
- Direct engagement with Risk Leadership and global regulators regarding material risks, current risk exposures, and limits governance
RESPONSIBILITIES
- Engage directly with the risk taking businesses to understand strategy, assess new activities, enforce limits, comply with regulatory requirements, and challenge desk proposals
- Direct engagement with the Chief Risk Officer, Risk leadership, and global regulators regarding material risks, current risk exposures, and limits governance
- Monitor risk taking and limit utilization; engage in breach remediation, and escalation workflow, propose appropriate risk treatment across internal stress testing and regulatory reporting requirements for existing and new business activities
- Work with engineering teams to model liquidity risks under various stress scenarios; propose, calibrate, and implement appropriate assumptions
SKILLS AND RELEVANT EXPERIENCE
- Strong academic background and quantitative skills
- 3+ years of experience in financial industry across Treasury, Finance, Risk functions is preferred
- Experience in Recovery and Resolution Planning is preferred
- Prior experience of working closely with global regulators is a plus
- Interest in financial markets and risk management, motivated by learning and continuous improvement
- Ability to work independently, form own judgment/opinions, provide insights and drive change
- Proactive with strong analytical, interpersonal and communication skills and ability to build relationships
- Ability to interact with and build relationships with people from different departments and levels of seniority
Salary Range
The expected base salary for this New York, New York, United States-based position is $110000-$140000. 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.