The Goldman Sachs Group
Risk, Liquidity Risk, NYC
The Goldman Sachs Group, New York, New York, us, 10261
RISK
Risk identifies, monitors, evaluates, and manages the firm's financial and non-financial risks in support of the firm's Risk Appetite Statement and the firm's strategic plan. Operating in a fast-paced and dynamic environment and utilizing the best in class risk tools and frameworks, Risk teams are analytically curious, have an aptitude to challenge, and an unwavering commitment to excellence.
LIQUIDITY RISKLiquidity Risk is the independent risk management function responsible for identifying, quantifying, and managing the liquidity risk of the firm. We work closely with Corporate Treasury, Controllers, Operations, Global Banking and Markets, Asset and Wealth Management Divisions, as well as the broader Risk organization to provide independent risk assessment and oversight of the firm’s liquidity risk taking.
This business is ideal for collaborative individuals who have strong ethics and attention to detail. 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.
Stress Testing:
Methodology development, model creation and governance, assumption review and approval, and risk measurement.Regulatory Stress Metrics, Liaison, & Advocacy:
Regulatory policy and rule interpretation, engagement with global regulators and policy advocacy, calculation and disclosure of key regulatory stress metrics.Risk Limit Governance:
Setting liquidity risk appetite, calibration of risk limits, sign-off on limits frameworks, and ongoing monitoring of limit utilization and remediation.Governance & Reviews:
Ongoing evaluation of compliance with key regulatory regimes, new activity impact assessments and approvals, engagement with key committees and governing bodies, and maintenance of key policies and procedures.Risk Oversight:
Monitor, govern, and challenge various liquidity and funding execution activities, including cash & collateral management, funds transfer pricing, balance sheet usage, liquidity and funding projections, and liability management. Active and ongoing engagement with risk-taking businesses to understand, monitor, and govern liquidity risk.Direct engagement with Risk Leadership and global regulators regarding material risks, current risk exposures, and limits governance.
RESPONSIBILITIESWork closely with LR leadership to develop and implement comprehensive liquidity risk governance framework, and create frameworks for review of the firm's asset liability management and funds transfer pricing processes.Work closely with engineering teams to model liquidity risks under various stress scenarios; propose, calibrate, and implement appropriate assumptions.Engage directly with the risk-taking businesses to understand strategy, assess new activities, enforce limits, comply with regulatory requirements, and challenge proposals.
SKILLS AND EXPERIENCE REQUIREDStrong academic background and quantitative skills.3+ years of experience in financial industry across Treasury, Finance, Risk functions is preferred.Experience in Regulatory engagement, reporting and rule interpretation, and implementation is preferred.Prior experience of working closely with global regulators is a plus.Interest in financial markets and risk management, motivated by learning and continuous improvement.Ability to work independently, form own judgment/opinions, provide insights and drive change.Proactive with strong analytical, interpersonal and communication skills and ability to build relationships.Ability to interact with and build relationships with people from different departments and levels of seniority.
ABOUT GOLDMAN SACHSAt 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 employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity.
Salary RangeThe expected base salary for this New York, New York, United States-based position is $110,000-$140,000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
BenefitsGoldman 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.
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Risk identifies, monitors, evaluates, and manages the firm's financial and non-financial risks in support of the firm's Risk Appetite Statement and the firm's strategic plan. Operating in a fast-paced and dynamic environment and utilizing the best in class risk tools and frameworks, Risk teams are analytically curious, have an aptitude to challenge, and an unwavering commitment to excellence.
LIQUIDITY RISKLiquidity Risk is the independent risk management function responsible for identifying, quantifying, and managing the liquidity risk of the firm. We work closely with Corporate Treasury, Controllers, Operations, Global Banking and Markets, Asset and Wealth Management Divisions, as well as the broader Risk organization to provide independent risk assessment and oversight of the firm’s liquidity risk taking.
This business is ideal for collaborative individuals who have strong ethics and attention to detail. 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.
Stress Testing:
Methodology development, model creation and governance, assumption review and approval, and risk measurement.Regulatory Stress Metrics, Liaison, & Advocacy:
Regulatory policy and rule interpretation, engagement with global regulators and policy advocacy, calculation and disclosure of key regulatory stress metrics.Risk Limit Governance:
Setting liquidity risk appetite, calibration of risk limits, sign-off on limits frameworks, and ongoing monitoring of limit utilization and remediation.Governance & Reviews:
Ongoing evaluation of compliance with key regulatory regimes, new activity impact assessments and approvals, engagement with key committees and governing bodies, and maintenance of key policies and procedures.Risk Oversight:
Monitor, govern, and challenge various liquidity and funding execution activities, including cash & collateral management, funds transfer pricing, balance sheet usage, liquidity and funding projections, and liability management. Active and ongoing engagement with risk-taking businesses to understand, monitor, and govern liquidity risk.Direct engagement with Risk Leadership and global regulators regarding material risks, current risk exposures, and limits governance.
RESPONSIBILITIESWork closely with LR leadership to develop and implement comprehensive liquidity risk governance framework, and create frameworks for review of the firm's asset liability management and funds transfer pricing processes.Work closely with engineering teams to model liquidity risks under various stress scenarios; propose, calibrate, and implement appropriate assumptions.Engage directly with the risk-taking businesses to understand strategy, assess new activities, enforce limits, comply with regulatory requirements, and challenge proposals.
SKILLS AND EXPERIENCE REQUIREDStrong academic background and quantitative skills.3+ years of experience in financial industry across Treasury, Finance, Risk functions is preferred.Experience in Regulatory engagement, reporting and rule interpretation, and implementation is preferred.Prior experience of working closely with global regulators is a plus.Interest in financial markets and risk management, motivated by learning and continuous improvement.Ability to work independently, form own judgment/opinions, provide insights and drive change.Proactive with strong analytical, interpersonal and communication skills and ability to build relationships.Ability to interact with and build relationships with people from different departments and levels of seniority.
ABOUT GOLDMAN SACHSAt 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 employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity.
Salary RangeThe expected base salary for this New York, New York, United States-based position is $110,000-$140,000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
BenefitsGoldman 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.
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