Goldman Sachs Bank AG
Risk, Market Risk, Analyst or Associate, Dallas Dallas · · Associate
Goldman Sachs Bank AG, Dallas, Texas, United States, 75215
Risk, Market Risk, Analyst or Associate, Dallas location_on Dallas, Texas, United States
Opportunity Overview sitemap_outline CORPORATE TITLE Associate language OFFICE LOCATION(S) Dallas assignment JOB FUNCTION Market Risk account_balance DIVISION Risk Division
Analyst or Associate - Market Risk
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 facilitate 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 by using 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.
Job Duties:
Participate in the ongoing review of risk measures (VaR, greeks, stress tests) and interact with 1stline risk takers (20% of time spent)
Evaluate risk taking behavior and influence outcomes through portfolio and transaction level risk analysis taking into consideration risk appetite (20% of time spent)
Collaborate with Risk Engineering colleagues on the development of new risk measures / stress tests and improvements to existing measures (10% of time spent)
Proactively identify emerging risks (e.g., basis risks, crowded trades) (10% of time spent)
Propose limits structures and add some risk systems once approved (10% of time spent)
Connect events (e.g., macroeconomic data releases, political elections) to potential vulnerabilities (10% of time spent)
Disseminate information and educate stakeholders through effective and timely communication and collaboration (10% of time spent)
Provide updates to senior management on in-progress projects and contribute to communications with regulators related to regular and ad-hoc inquiries (10% of time spent)
Qualifications:
Minimum education requirements/degree and field: Bachelor’s degree (U.S. or foreign equivalent) in Finance, Mathematics, or a related field.
Minimum 2 years of experience required in the job offered or in a related role.
Analyzing fixed income instruments and evaluating risk/reward trade offs
Applying market risk methodologies including VaR, expected shortfall, confidence levels, Monte Carlo simulations, back testing, RWAs, and probability distributions
Utilizing Excel, Bloomberg, or Refinitiv Eikon for financial analysis
Reviewing and challenging risk-taking activities at a broker-dealer
Familiarity with global market risk regulatory framework, for example, Comprehensive Capital Analysis Review (CCAR), Basel III and Fundamental Review of the Trading Book (FRTB) regulations
Very strong communication skills (both written and verbal) used to work with many groups within Risk and outside of Risk, and individuals with diverse levels of seniority
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.
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.
Healthcare & Medical Insurance We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.
Financial Wellness & Retirement We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.
Health Services We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also provide state‑of‑the‑art on‑site health centers in certain offices.
Fitness To encourage employees to live a healthy and active lifestyle, some of our offices feature on‑site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre‑approved amount).
Child Care & Family Care We offer on‑site child care centers that provide full‑time and emergency back‑up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.
Benefits at Goldman Sachs Read more about the full suite of class‑leading benefits our firm has to offer.
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Opportunity Overview sitemap_outline CORPORATE TITLE Associate language OFFICE LOCATION(S) Dallas assignment JOB FUNCTION Market Risk account_balance DIVISION Risk Division
Analyst or Associate - Market Risk
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 facilitate 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 by using 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.
Job Duties:
Participate in the ongoing review of risk measures (VaR, greeks, stress tests) and interact with 1stline risk takers (20% of time spent)
Evaluate risk taking behavior and influence outcomes through portfolio and transaction level risk analysis taking into consideration risk appetite (20% of time spent)
Collaborate with Risk Engineering colleagues on the development of new risk measures / stress tests and improvements to existing measures (10% of time spent)
Proactively identify emerging risks (e.g., basis risks, crowded trades) (10% of time spent)
Propose limits structures and add some risk systems once approved (10% of time spent)
Connect events (e.g., macroeconomic data releases, political elections) to potential vulnerabilities (10% of time spent)
Disseminate information and educate stakeholders through effective and timely communication and collaboration (10% of time spent)
Provide updates to senior management on in-progress projects and contribute to communications with regulators related to regular and ad-hoc inquiries (10% of time spent)
Qualifications:
Minimum education requirements/degree and field: Bachelor’s degree (U.S. or foreign equivalent) in Finance, Mathematics, or a related field.
Minimum 2 years of experience required in the job offered or in a related role.
Analyzing fixed income instruments and evaluating risk/reward trade offs
Applying market risk methodologies including VaR, expected shortfall, confidence levels, Monte Carlo simulations, back testing, RWAs, and probability distributions
Utilizing Excel, Bloomberg, or Refinitiv Eikon for financial analysis
Reviewing and challenging risk-taking activities at a broker-dealer
Familiarity with global market risk regulatory framework, for example, Comprehensive Capital Analysis Review (CCAR), Basel III and Fundamental Review of the Trading Book (FRTB) regulations
Very strong communication skills (both written and verbal) used to work with many groups within Risk and outside of Risk, and individuals with diverse levels of seniority
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.
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.
Healthcare & Medical Insurance We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.
Financial Wellness & Retirement We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.
Health Services We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also provide state‑of‑the‑art on‑site health centers in certain offices.
Fitness To encourage employees to live a healthy and active lifestyle, some of our offices feature on‑site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre‑approved amount).
Child Care & Family Care We offer on‑site child care centers that provide full‑time and emergency back‑up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.
Benefits at Goldman Sachs Read more about the full suite of class‑leading benefits our firm has to offer.
#J-18808-Ljbffr