Asset & Wealth Management, Investment Risk Governance, Equities, Associate - New York

Goldman Sachs•New York, NY

2d•Onsite

About The Position

We are seeking an Associate to join the Global Risk Management team within Goldman Sachs Asset Management. The Global Risk Management team is uniquely positioned within the firm as part of Goldman Sachs Asset Management. Our global fund complex and separately managed account portfolios cover a wide range of assets classes, global markets and strategies. The team is responsible for independent oversight and risk governance covering all elements of risks including market risk, liquidity risk, counterparty risk, operational risk as well as risk monitoring of dedicated regulated legal entities via designated CRO roles. The team regularly interacts with a wide range of teams across Goldman Sachs Asset Management including portfolio managers, client teams, and various central functions such as Legal, Compliance, and firmwide risk in order to effectively monitor risk and continually improve upon our risk governance framework. The team is also responsible for risk monitoring and regulatory reporting for the global fund complex.

Requirements

Strong academic record with a degree or equivalent in Finance, Economics, Accounting, or a related discipline
A minimum of 3 years of experience in Equities and/or Alternatives investments risk management gained within asset management industry
Must have strong experience in measuring, monitoring, analyzing and reporting risk exposures
Detail oriented with a strong control mentality. Ability to demonstrate involvement in process improvement initiatives required
Acute and pro-active interest in financial markets
Highly motivated, enthusiastic, and assertive with a “can-do” attitude.
Strong team player, able to work with a wide range of stakeholders (e.g. from Portfolio Managers to Controllers to Technology etc.)
Strong written and verbal communication skills required

Nice To Haves

Experience analyzing fundamental equities (long only and/or long-short), as well as quantitative equities strategies strongly preferred
Working knowledge of risk factor models (e.g. Axioma, Barra) strongly preferred
Strong quantitative skills, as well as working knowledge of programming languages for data analysis strongly preferred (e.g. Python, AI tools)

Responsibilities

Daily/weekly monitoring of the risks associated with GSAM Equity funds across different investment strategies
Developing, implementing, and enhancing stress tests, scenario analyses, performance, and risk attribution
Building and maintaining relationships with portfolio managers and other key stakeholders
Participating in regular risk-return reviews with portfolio managers
Providing regular updates on changes in risk metrics and stress tests to senior AM Risk Management
Ensuring adherence with the independent risk governance framework
Assessing and quantifying market risk through a variety of metrics, including but not limited to drawdown controls, VaR, tracking error, risk concentrations, risk factor analysis, and other stress tests.
Providing information (reports, ad-hoc postings and analysis) to Divisional Risk Management.
Providing detailed market risk updates and reports to Boards of Directors and regulators as required.