The Risk Division is a team of specialists charged with managing the firm’s credit, market, liquidity, operational and capital risk. Whether assessing the creditworthiness of the firm’s counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firm’s success. The division is ideal for collaborative individuals who have strong ethics and attention to detail.

Division/Business

Credit Risk works closely with the CRO / senior management to manage Goldman Sachs’ credit risk. Credit professionals protect the firm’s capital by using in-depth knowledge of our clients, markets, and trading products to make decisions on acceptable level of firm’s risk appetite. Staffed with 300 professionals, Credit Risk operates through 11 different offices around the world. Credit Risk provides a unique opportunity to develop a variety of professional skills and expertise in risk management while working on financial transactions.

THE ROLE & RESPONSIBILITIES

Would you like to be involved in a central part of Goldman Sachs' risk management framework? We are looking for highly motivated individuals with strong analytical skills and a broad interest in financial and economic markets. Our credit professionals make a critical contribution to management of the firm’s risk on a daily basis. These roles enable individuals to develop expertise in financial and business analysis of Funds industry (Hedge Funds, Mutual Funds, Pension Funds), as well as the risks inherent in derivative, funding and lending products, and to take on increasing responsibility over time.

Managing product risk, including credit limit and settlement risk monitoring, limit exception management, stress testing, risk exposure analysis and post-trade risk management processes.Assessing the credit quality of Funds as well the industryProviding quantitative and qualitative credit risk analysis, including the use of risk modeling tools to help estimate the credit risk of the firm’s transactionsOverseeing the activities covering a group of products / markets, and provides technical and decision-making judgment and guidance, organizational infrastructure in matters of credit reviews, assessment of credit and financial strength of the firm’s trading counterparts within the funds industry including assignment of internal credit ratings and setting trading limits for derivatives, brokerage & lending exposure.Developing a sound working knowledge of handling live transactions by determining relevant terms, conduction due diligence calls and guiding the team in leading legal negotiations of ISDA/CSA and other relevant Credit documentation.Reporting to senior management and third party constituents on risk management topics and inquiriesDeveloping and managing relationships with other areas of the firm, including Trading, Operations, Collateral Management, Legal, Compliance, TechnologyDeveloping a good high level working knowledge of methods used to model and monitor credit risk across various products, and be able to guide junior team members in problem-solving and analysis.Executing and leading on projects to manage big data and design and automate existing infrastructure.

EXPERIENCE & SKILLS REQUIRED

8+ years of experience in an analytical financial role, preferably within credit risk management focused on fund clients and portfolio management and product analysisSpecific experience covering the derivatives industry for hedge / mutual / pension funds / family offices Organized, process-oriented and attentive to detail, with ability to work on multiple projects under demanding timelinesStrong interest and familiarity with finance, financial markets, and economic developments.Strong analytical and quantitative skills combined with strong written and verbal communication skills.Demonstrated experience of providing training and guidance to more junior colleagues.Ability to work flexibly in teams and manage a varied workload to meet deadlines.Broad knowledge of GS’s business.Strong Excel / VBA / SQL skills preferred
  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. 
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