What are the responsibilities and job description for the Enterprise Risk, Strategic Risk and Stress Testing - Associate -Dallas position at Goldman Sachs?
Job Description
Job Summary
Goldman Sachs is a leading global financial institution that delivers a broad range of financial services to a large and diversified client base that includes corporations, financial institutions, governments, and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
The Risk division identifies, assesses, and manages financial and non-financial risks in support of the firm’s risk appetite statement and strategic plan. The Enterprise Risk (ER) department manages a range of pan-Risk capabilities to ensure that Risk and divisional leadership have a comprehensive and aggregate view of the firm’s risk profile to facilitate strategic planning and risk decision making.
Within ER, the Strategic Risk and Stress Testing team is responsible for the development and execution of the firm’s strategic risk capability as well as managing the design and execution of regulatory and internal stress testing across the division.
Operating in a fast paced and dynamic environment, Risk teams are analytically curious, have an aptitude for challenge, and an unwavering commitment to excellence. Effective collaboration with executive management, business units and control departments is critical for success.
Key Responsibilities
Job Summary
Goldman Sachs is a leading global financial institution that delivers a broad range of financial services to a large and diversified client base that includes corporations, financial institutions, governments, and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
The Risk division identifies, assesses, and manages financial and non-financial risks in support of the firm’s risk appetite statement and strategic plan. The Enterprise Risk (ER) department manages a range of pan-Risk capabilities to ensure that Risk and divisional leadership have a comprehensive and aggregate view of the firm’s risk profile to facilitate strategic planning and risk decision making.
Within ER, the Strategic Risk and Stress Testing team is responsible for the development and execution of the firm’s strategic risk capability as well as managing the design and execution of regulatory and internal stress testing across the division.
Operating in a fast paced and dynamic environment, Risk teams are analytically curious, have an aptitude for challenge, and an unwavering commitment to excellence. Effective collaboration with executive management, business units and control departments is critical for success.
Key Responsibilities
- Understand, execute and enhance the firm’s strategic risk capability including framework development, collaboration with the executive office, business units and control departments
- Develop and socialize analysis of the firm’s strategic plan, linking it’s execution with impacts to financial (market, credit, liquidity) as well as non-financial (operational, compliance) risks to the firm
- Socialize where execution of strategy could exceed appetite for the above risks and develop mitigants, analysis supporting an increase in appetite, or change in strategy
- Develop risk metrics and alerts in order to monitor the execution and performance of the firm’s strategy, escalating and remediating any overages on an ongoing basis
- Understand, execute and enhance regulatory and internal stress testing as well as related capital planning, risk appetite and limit analysis
- Facilitate CCAR and internal stress tests across the Risk division, including developing plan, timelines, leading review and challenge sessions, writing and presenting pan-risk analysis of results, key assumptions and committee materials
- Collaborate on the development of capital management policies relating risk, limits and capital through stress testing
- Develop commercial ad-hoc analysis leveraging strategy and stress testing expertise
- 3yrs in the Financial Services, Banking or Consulting industry
- Experience in Strategic Risk, Stress Testing & Capital or Firmwide Strategy preferred
- Master’s degree in Enterprise Risk a plus
- Good understanding of the various financial and non-financial risk disciplines
- Good understanding of financial markets and products
- Exceptional verbal, written and interpersonal communication skills
- Attention to detail, project management, and prioritization skills
- Strong proficiency in Excel and PowerPoint is required
- Data management and visualization experience (e.g. Tableau) a plus
- Programming experience (e.g. Python) in workflow automation a plus
