Asset and Wealth Management, Risk Management, Counterparty Risk, Associate, Dallas

Asset & Wealth Management

A career with Goldman Sachs Asset & Wealth Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world's leading asset managers with over $3 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions, and building meaningful relationships with your clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset & Wealth Management provides clients around the world with a dedicated partnership and focus on long-term performance. As primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals.

OUR IMPACT

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 governance and oversight of dedicated regulated legal entities via designated CRO roles. We are looking to strengthen our team with a colleague in Dallas, where the Global Risk Management team continues to expand its footprint.

This position is within the global Counterparty Risk team. The team regularly interacts with a wide range of teams across Goldman Sachs Asset Management including Portfolio Management, Trading desks, Legal and Compliance, Trade Management, as well as various Federation groups that cover the asset management business, 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.

How You Will Fulfil Your Potential

Responsibilities

• Daily/weekly monitoring of the risks associated with GSAM funds across different investment strategies
• Perform risk analysis on GSAM fund or client mandate level credit risk as well as overall counterparty exposures
• Developing, implementing, and enhancing counterparty credit risk metrics
• Building and maintaining relationships with Trading, Legal and other key stakeholders
• Ensuring adherence with the independent risk governance framework
• Coordinate with Trading, Legal, Operations and Compliance departments to approve derivatives business and ensure appropriate documentation, limits and risk mitigants are in place to protect against a counterparty default and minimize potential losses
• Analyze the counterparty credit risks inherent in the products GS transacts, including lending, trading and derivative products
• Follow and interpret relevant regulatory and industry developments which can impact counterparty risks including derivatives trading regulation.
• Providing detailed counterparty risk updates and reports to senior AM Risk Management and regulators as required.

Skills & Experience

• 2-5 years of experience in risk management
• Strong academic record with a degree or equivalent in Finance, Economics, Accounting or a related discipline
• Strong analytical skills
• Experience in asset management products including fixed income products and derivatives advantageous
• 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
• Strong written and verbal communication skills required

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

The Goldman Sachs Group, Inc., 2021. All rights reserved.

Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law