DIVISION AND DEPARTMENT OVERVIEW The Risk Division is responsible for independent review of market, credit, operational, model, and liquidity risk throughout the firm as well as enterprise wide stress testing.
Market Risk is a Department within the Risk Division that facilitates effective deployment of risk appetite, prudent risk management and regulatory compliance for the Firm's market risks. The group acts as a key stakeholder in ensuring that the firm's business plans are within its market risk appetite, and engages directly with businesses on the review and challenge of risk management actions. The group also plays a key role in keeping the Board of Directors apprised of the firm's market risk profile. This is achieved through the use of a suite of risk measures, proactive application of expert judgement, and limit setting. Activities are centered on risk management and analysis, transparency and escalation of risk, supervision, and overall process improvement.
RESPONSIBILITIES & QUALIFICATIONS
Associate: Market Risk professional covering the Global Commodities business from New York
We are looking for a professional to join the second line of defense Market Risk group as market risk manager in New York covering the Global Commodities business (Oil & Products, Natural Gas & Power, Metals, Agriculture)
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)
Limit/threshold setting
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
QUALIFICATIONS:
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 financial products including their risk/reward tradeoffs with a focus on Commodity Products a benefit
Deep understanding of market risk measures, concepts, and regulatory rules: VaR, stress testing, greeks, Volcker rule, CCAR
Excel, Bloomberg, Refinitiv Eikon familiarity, and ability to pick up in-house systems
Ability to code 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
Desire and ability to communicate complex information and concepts in layperson terms directly with senior management (both written and verbally)
ABOUT GOLDMAN SACHS
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.
We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.
We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
Salary Range The expected base salary for this New York, New York, United States-based position is $110000-$140000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
Benefits Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here .
