Risk, Market Risk, Associate, New York

Goldman Sachs•New York, NY

7d•Onsite

About The Position

The Risk Division, as a second line of defense for the firm, identifies, anticipates, measures, and mitigates the diverse array of risks that the firm faces in serving clients and operating its global businesses. Risk professionals focus on giving the firm clarity on the risk profile of its activities and devise strategies to protect the firm’s ability to serve clients as a leader in global financial markets. Market Risk (MR) is part of the Risk division and is responsible for the effective deployment of the firm’s market risk appetite, prudent risk management, and regulatory compliance for the Firm’s market risks. This is achieved through the proactive application of expert knowledge, judgment, and risk management capabilities, including limit setting. Activities are centered on Risk management and analysis, transparency and escalation of Risk, Supervision, and overall process improvement. You will work closely with colleagues around the globe on tasks and projects that contribute directly to the firm's success. MR professionals gain diverse financial experience and a broad perspective on how the entire firm functions. The interaction with numerous departments and the range of projects that ensue allow for a challenging, varied, and multi-dimensional work environment.

Requirements

Strong academic record in quantitative discipline, with Bachelor’s/Master’s degree in STEM field (Science, Technology, Engineering, Mathematics) preferred.
Demonstrable knowledge of core market risk principles, metrics, and financial instruments, with prior experience in Equities and Derivatives preferable.
Ability to collaborate with people from different departments and levels of seniority.
Ability to communicate complex information directly with senior management.
3-5 years’ experience in the industry/a relevant role.

Nice To Haves

Coding skills will be a plus.

Responsibilities

Evaluate market risk taking behavior and influence outcomes through portfolio and transaction level risk analysis as well as risk limit calibration and setting.
Understand factors and events that could lead to an impact on the financial markets, and analyze their impact on the firm’s portfolios.
Perform pro-active ad hoc stress tests ahead of notable market events.
Ensure that issues are promptly escalated to senior management.
Direct the implementation of new risk measures and improvements to existing measures using knowledge of risk management and communicating directly with senior management on risk-related issues.
Review and challenge risk taking activities while engaging effectively with traders/bankers.
Monitor adherence to established risk limits and ensuring that material risks are effectively communicated to senior management.
Maintain shared responsibility for signing off on the Market Risk approval process for new products traded by the businesses covered.
Operate at an intersection of risk appetite and conducting business.
Improve commercial impact and effective personnel performance under a robust control environment.