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Full-time
bachelor degree, postgraduate degree
Posted 23d ago
~40 hrs/week
Responsibilities
The role involves evaluating market risk behavior through portfolio analysis and calibrating risk limits to protect the firm. It also requires performing stress tests and communicating risk-related issues to senior management.
Requirements
Candidates should have 3-5 years of industry experience and a degree in a STEM field. Knowledge of market risk principles, financial instruments, and derivatives is required.
Full job description
Risk Division
The Risk Division, as second line of defense for the firm, identifies, anticipates, measures and mitigates – whenever appropriate - the diverse array of risks that the firm faces in serving clients and operating its global businesses. Risk professionals focus on giving the firm clarity on the risk profile of our activities and devise strategies to protect the firm’s ability to serve our clients as a leader in global financial markets.
Market Risk Overview
Market Risk (MR) are part of the Risk division and are responsible for effective deployment of the firm’s market risk appetite, prudent risk management and regulatory compliance for the Firm’s market risks. This is achieved through the proactive application of expert knowledge, judgement and risk management capabilities including limit setting. Activities are centered on Risk management and analysis, transparency and escalation of Risk, Supervision and overall process improvement.
You will work closely with colleagues around the globe on tasks and projects that contribute directly to the firm's success. MR professionals gain diverse financial experience and a broad perspective on how the entire firm functions. The interaction with numerous departments and the range of projects that ensue allow for a challenging, varied and multi-dimensional work environment.
Responsibilities
Evaluate market risk taking behavior and influence outcomes through portfolio and transaction level risk analysis as well as risk limit calibration and setting
Understand factors and events that could lead to an impact on the financial markets, and analyze their impact on the firm’s portfolios
Perform pro-active ad hoc stress tests ahead of notable market events
Ensure that issues are promptly escalated to senior management.
Direct the implementation of new risk measures and improvements to existing measures using knowledge of risk management and communicating directly with senior management on risk-related issues.
Review and challenge risk taking activities while engaging effectively with traders/bankers
Monitor adherence to established risk limits and ensuring that material risks are effectively communicated to senior management.
Maintain shared responsibility for signing off on the Market Risk approval process for new products traded by the businesses covered.
Operate at an intersection of risk appetite and conducting business.
Improve commercial impact and effective personnel performance under a robust control environment
Qualifications
Strong academic record in quantitative discipline, with Bachelor’s/Master’s degree in STEM field (Science, Technology, Engineering, Mathematics) preferred.
Demonstrable knowledge of core market risk principles, metrics, and financial instruments, with prior experience in Equities and Derivatives preferable. Coding skills will be a plus.
Ability to collaborate with people from different departments and levels of seniority
Ability to communicate complex information directly with senior management
3-5 years’ experience in the industry/a relevant role
We aspire to be the world’s most exceptional financial institution, united by our shared values of partnership, client service, integrity, and excellence.
Operating at the center of capital markets, we act as one firm, mobilizing our people, capital, and ideas to deliver superior results across our clients’ most complex challenges.
For 157 years, Goldman Sachs has delivered world-class execution on a global scale across our leading Global Banking & Markets and Asset & Wealth Management businesses.
Apprenticeship is central to our culture, with hands-on coaching and access to leaders who bring decades of experience and expertise. With office locations around the world, we offer a broad range of career opportunities to those who insist on excellence and thrive on performance.
Find our Social Media Disclosures here: gs.com/social-media-disclosures
Offices: 200 West Street, New York, New York 10282, US
How much do Finance & Accounting jobs in New York, NY pay?
Based on 9154 listings with disclosed salaries, most finance & accounting jobs in New York, NY pay between $80k–$215k per year. Individual offers vary with seniority, company size, and specialization.
How many Finance & Accounting jobs are open in New York, NY right now?
There are currently 10,810 open finance & accounting positions in New York, NY listed on Clera. New openings are added daily as companies post roles.
Which companies are hiring for Finance & Accounting roles in New York, NY?
Companies currently hiring include JPMorganChase, Citi, New York City Housing Authority (NYCHA), Morgan Stanley, Bank of America, among others. Browse the listings above to see every active employer.
Are there remote or hybrid Finance & Accounting jobs in New York, NY?
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