Asset & Wealth Management - New York - Associate, Risk Governance – 9730155

Goldman Sachs • New York, NY

9h • $120,000 - $166,000 • Onsite

About The Position

Associate, Risk Governance with Goldman Sachs & Co. LLC in New York, New York. Assist in identifying, measuring, and managing both investment risk of third-party investment managers and Fund of Funds portfolio level risks across public markets within the Firm’s External Investing Group (XIG). Create customized risk report for portfolios and proactively explore and develop new tools and approaches to track, understand and analyze risk exposure and performance of portfolios. Work closely with risk analytics vendors and internal stakeholders in refining, updating, and developing risk frameworks, models, and analytics used for evaluating and monitoring XIG invested third-party investment managers and portfolios. Ensure effective execution and supervision of the agreed upon manager and portfolio level risk management processes and protocols by regular interaction with relevant stakeholders. Support the investment and relevant regulatory guideline monitoring, compliance and reporting function across XIG public markets. Respond to both ongoing and ad-hoc risk related requests from the various business areas within XIG and the broader Goldman Sachs Asset Management organization. Participate in manager calls/visits as needed for risk/guideline monitoring and/or investment due diligence purposes. Communicate analytical results, diligence observations and conclusions to internal teams, clients and other stakeholders verbally and through written memos and presentations.

Requirements

• Bachelor’s degree (U.S. or foreign equivalent) in Finance, Mathematics, Operations Research, Engineering, or a related field.
• Two (2) years of experience in the job offered or in a related role.
• Prior experience must include two (2) years in market structure and functioning of global financial markets, and their trading mechanics.
• Prior experience must include two (2) years in identifying, measuring, and monitoring various types of portfolio risk, including market risk, liquidity risk, credit risk, and factor exposure, through risk frameworks such as VAR, scenario analysis, and historical simulation.
• Prior experience must include two (2) years in evaluating portfolio composition, performance attribution, and alignment with investment objectives and assessing portfolio diversification, concentration risk, turnover, and compliance with risk limits using tools like Bloomberg PORT or factor decomposition and risk attribution.
• Prior experience must include two (2) years in utilizing Python to develop asset allocation models, conduct scenario analysis, and automate performance and risk reporting.
• Prior experience must include two (2) years in utilizing Excel to develop VBA programs to automate daily tasks, and utilizing the advanced functions and pivot tables to support real-time analysis, monitoring, and decision-making processes.
• Prior experience must include two (2) years in statistics, optimization, linear algebra, and their application to investment strategies and risk evaluation.
• Prior experience must include two (2) years in understanding and calculating important performance metrics such as Value-at-Risk (VAR), trading error, beta exposures, and drawdown analysis.
• Prior experience must include two (2) years in effectively communicating complex quantitative concepts and insights to both technical and non-technical audiences, and translating analytical results into clear, actionable recommendations for stakeholders.

Responsibilities

• Assist in identifying, measuring, and managing investment risk of third-party investment managers and Fund of Funds portfolio level risks across public markets within the Firm’s External Investing Group (XIG).
• Create customized risk reports for portfolios.
• Proactively explore and develop new tools and approaches to track, understand and analyze risk exposure and performance of portfolios.
• Work closely with risk analytics vendors and internal stakeholders in refining, updating, and developing risk frameworks, models, and analytics used for evaluating and monitoring XIG invested third-party investment managers and portfolios.
• Ensure effective execution and supervision of the agreed upon manager and portfolio level risk management processes and protocols by regular interaction with relevant stakeholders.
• Support the investment and relevant regulatory guideline monitoring, compliance and reporting function across XIG public markets.
• Respond to both ongoing and ad-hoc risk related requests from the various business areas within XIG and the broader Goldman Sachs Asset Management organization.
• Participate in manager calls/visits as needed for risk/guideline monitoring and/or investment due diligence purposes.
• Communicate analytical results, diligence observations and conclusions to internal teams, clients and other stakeholders verbally and through written memos and presentations.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level