Job Description
Job Description Analyst or Associate - Market Risk
Location: Dallas
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 1st line 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
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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.
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