Goldman Sachs is Hiring a Global Banking & Markets, Counterparty Risk, Vice President - New York Near New York, NY
Job DescriptionDivisional Overview Our core value is building strong relationships with our institutional clients, which include corporations, financial service providers, and fund managers. We help them buy and sell financial products on exchanges around the world, raise funding, and manage risk. This is a dynamic, entrepreneurial team with a passion for the markets, with individuals who thrive in fast-paced, changing environments and are energized by a bustling trading floor. Team Overview Counterparty Risk serves as a centralized 1st Line of Defense to manage the division’s risk to its clients arising from our trading relationships. We manage risk, design, advise on and launch a breadth of initiatives with the focus on preventing losses and enabling new revenue opportunities. The team works closely with Sales and Trading within the divisions and with Credit risk outside of the division in the execution of its responsibilities. The role will focus on efforts to expand our capabilities to manage counterparty credit risk in ordinary day to day as well as stressed counterparty scenarios utilizing best-in-class tooling to identify, evaluate and manage risk scenarios. The successful candidate will be able to engage in strategic initiatives across multiple stakeholder groups while focusing on managing day to day risk. Role Responsibilities
Manage counterparty and product risk through ongoing review of risk metrics and interaction with Sales and Trading across Fixed Income, Foreign Exchange, Commodities, Credit and Equity products
Evaluate risk taking behavior and influence outcomes through portfolio and transaction level risk analysis taking into consideration risk appetite
Collaborate with Strats and Engineering colleagues on the development of new risk measures/enhancements to existing measures
Design strategy to respond macro market changes and work closely with cross-divisional project teams to implement initiatives
Engage in document negotiation to review and approve material economically impactful terms in trading agreements
Engage with internal stakeholders both within Global Markets (Trading, Sales, and Operations) and the federation (Risk, Legal and Compliance) on overall GS Risk appetite to clients and tools to mitigate the risk
Take initiative to identify opportunities for process improvements and develop methods to reduce risks, increase controls, and increase communication
Qualifications
Mini mum of 5 years’ experience in Risk Management or Risk-taking role in a financial institution
Relevant bachelor’s degree or equivalent qualification with an excellent academic record
Strong interest and familiarity with financial products, global financial markets
Strong analytical and quantitative skills as well as written and verbal communication skills
Ability to work flexibly in teams and manage a varied workload to meet deadlines
Highly motivated with strong academic background and a commitment to excellence
Strong organizational skills and the ability to manage multiple assignments concurrently