DIVISION AND DEPARTMENT OVERVIEW
 
The Risk Division is responsible for independent review of market, credit, operational, model, and liquidity risk throughout the firm as well as enterprise wide stress testing.
 
Market Risk is a department within the Risk Division which facilitates effective deployment of risk appetite, prudent risk management and regulatory compliance for the Firm’s market risks. The group acts as a key stakeholder in ensuring that the firm’s business plans are within its market risk appetite, and engages directly with businesses on the review and challenge of risk management actions. The group also plays a key role in keeping the Board of Directors apprised of the firm’s market risk profile. This is achieved through the use of a suite of risk measures, proactive application of expert judgement, and limit setting. Activities are centered on risk management and analysis, transparency and escalation of risk, supervision, and overall process improvement.

We are looking for a professional to join the second line of defense Market Risk Specialists group as market risk manager in Dallas. The team in Dallas covers a number of businesses/ products such as Mortgages, Corporate Treasury market risk, Banking Book Rates risk, Private Markets (equity, credit and real estate), Leveraged Lending and US Bank entity.

KEY RESPONSIBILITIES

Ongoing review of risk measures (VaR, greeks, stress tests) and interaction with 1st line risk takersEvaluate risk taking behavior and influence outcomes through portfolio and transaction level risk analysis taking into consideration risk appetiteCollaboration with Risk Engineering colleagues on the development of new risk measures / stress tests and improvements to existing measuresProactive identification of emerging risks (e.g. basis risks, crowded trades)Coming up with limits structures and setting limitsConnect events (e.g. macroeconomic data releases, political elections) to potential vulnerabilitiesDissemination of information and education of stakeholders through effective and timely communication and collaborationCommunication with senior management and regulators

QUALIFICATIONS

Three to five years’ experience in market risk management or similar role with transferable skillsStrong academic record with Bachelor’s degree, equivalent or above in Finance, Mathematics or a related quantitative/analytical discipline preferredDeep understanding of fixed income or equity financial products including their risk/reward tradeoffsDeep understanding of market risk measures, concepts, and regulatory rules: VaR, stress testing, greeks, Volcker rule, CCARExcel, Bloomberg, Refinitiv Eikon, ability to pick up in-house systemsAbility to code desirableProven problem solving ability and control mindsetAble to analyze and challenge risk taking activities while engaging effectively with first line of defenseDesire and ability to collaborate with people from different departments and levels of seniority   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.    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., 2023. All rights reserved. Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity