Goldman Sachs - Dallas, TX

posted about 2 months ago

Full-time - Mid Level
Dallas, TX
Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Risk Division at Goldman Sachs is tasked with the independent review of various types of risks including market, credit, operational, model, and liquidity risk across the firm. Within this division, the Market Risk department plays a crucial role in ensuring effective risk management and regulatory compliance concerning the firm's market risks. This group is integral in aligning the firm's business strategies with its market risk appetite, engaging directly with business units to review and challenge risk management actions. Additionally, the Market Risk department is responsible for keeping the Board of Directors informed about the firm's market risk profile, utilizing a comprehensive suite of risk measures, expert judgement, and limit setting to achieve this goal. The activities of this department focus on risk management and analysis, transparency, escalation of risks, supervision, and continuous process improvement. We are seeking a dedicated professional to join our Market Risk Specialists group as a market risk manager in Dallas. This team is responsible for overseeing a variety of businesses and products, including Mortgages, Corporate Treasury market risk, Banking Book Rates risk, Private Markets (equity, credit, and real estate), Leveraged Lending, and the US Bank entity. The role involves ongoing review of risk measures such as Value at Risk (VaR), greeks, and stress tests, as well as interaction with first line risk takers. The successful candidate will evaluate risk-taking behavior and influence outcomes through detailed portfolio and transaction-level risk analysis, ensuring alignment with the firm's risk appetite. Collaboration with Risk Engineering colleagues is essential for the development of new risk measures and enhancements to existing ones, as well as the proactive identification of emerging risks such as basis risks and crowded trades. The role also includes establishing limit structures, connecting macroeconomic events to potential vulnerabilities, and effectively communicating and educating stakeholders about risk management practices.

Responsibilities

  • Ongoing review of risk measures (VaR, greeks, stress tests) and interaction with 1st line risk takers
  • Evaluate risk taking behavior and influence outcomes through portfolio and transaction level risk analysis taking into consideration risk appetite
  • Collaboration with Risk Engineering colleagues on the development of new risk measures / stress tests and improvements to existing measures
  • Proactive identification of emerging risks (e.g. basis risks, crowded trades)
  • Coming up with limits structures and setting limits
  • Connect events (e.g. macroeconomic data releases, political elections) to potential vulnerabilities
  • Dissemination of information and education of stakeholders through effective and timely communication and collaboration
  • Communication with senior management and regulators

Requirements

  • Three to five years' experience in market risk management or similar role with transferable skills
  • Strong academic record with Bachelor's degree, equivalent or above in Finance, Mathematics or a related quantitative/analytical discipline preferred
  • Deep understanding of fixed income or equity financial products including their risk/reward tradeoffs
  • Deep understanding of market risk measures, concepts, and regulatory rules: VaR, stress testing, greeks, Volcker rule, CCAR
  • Proficiency in Excel, Bloomberg, Refinitiv Eikon, and ability to learn in-house systems
  • Ability to code is desirable
  • Proven problem solving ability and control mindset
  • Able to analyze and challenge risk taking activities while engaging effectively with first line of defense
  • Desire and ability to collaborate with people from different departments and levels of seniority

Benefits

  • Training and development opportunities
  • Firmwide networks
  • Wellness programs
  • Mindfulness programs
  • Diversity and inclusion initiatives
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