Asset & Wealth Management, PWM, Global Risk Management Team, Associate - New York

Goldman Sachs•New York, NY

3d•$85,000 - $160,000•Onsite

About The Position

The Wealth Management Financial Risk Management Team is seeking a candidate who has the ability to thrive in a fast-paced environment where attention to detail, strong communication skills, and passion for working with others are essential to maintaining and enhancing our business. Private Wealth Management (PWM) secures, develops and manages relationships with high net worth individuals, their families, family offices and foundations. PWM assists clients with building and preserving their financial wealth by creating and implementing long-term asset allocation within the context of each client’s particular risk tolerance, and by providing access to innovative investment ideas and opportunities. PWM professionals develop customized investment strategies and offer a full array of wealth management products and services, including private banking and trust company services. The WM Risk Management team is the 1st Line Risk Management In-Business function that provides analysis, review and management of the client, investment product, and platform related risks of the WM business. We are looking for an analytical and quantitative Senior Analyst / Junior Associate to join our team, based in New York. This role focuses on understanding our / our client’s risk to financial markets (e.g. equities, credit, FX etc) and advising on frameworks to help manage these risks. You will work closely with US, EMEA, and Asia PWM Management Teams, Credit / Market Risk Officers, PWM Product Specialists and Private Wealth Advisors to review and advise on various activities.

Requirements

Minimum of 2 years of experience in a financial organization, preferably in the private wealth high net worth area, portfolio management, or a Credit/Market Risk function.
Good base of derivatives knowledge – pricing, risk management of structured products, options and more exotic derivatives.
Exposure to core market risk analysis and management topics, e.g., VaR and Stress Testing.
Exposure to Margin / Collateral Management systems.
Outstanding analytical skills; ability to work with detailed financial or other data and understand and communicate commercial implications.
Exceptional communication and interpersonal skills; confidence to work closely with senior management
Highly organized with attention to detail and excellent follow-through
Good judgment and discretion

Nice To Haves

Direct knowledge of US Margin Regulations desirable.

Responsibilities

Review and analyze client portfolios from a financial risk perspective, including Portfolio Construction and Product Performance Risk, Investment Manager Risk, and Credit Risk.
Using analytics and tools for daily ongoing monitoring of clients’ portfolios’ financial performance vs. our limit frameworks and other key metrics, including Product and Portfolio Performance Indicators, Client Risk Tolerance and Suitability Limits, Margin Calls, and Portfolio Stress Testing Limits.
Escalating potential issues and/or discussing other related topics within internal risk forums, as well as sharing findings with senior management.
Contribute to our regular portfolio reviews with senior PWM management – deep and wide-ranging analysis on our clients’ portfolios and our corresponding credit exposures.
Analysis and implementation of improvements to our risk management methodologies, frameworks, and infrastructure.
Work with Strats team to develop specific risk analytics/reporting to be used internally and/or externally with clients.