Risk, Credit Risk (Hedge Fund), Associate, New York Full Time NEW

Credit Risk (Hedge Fund), Associate, New York

Divisional Overview

The Risk Division is a team of specialists charged with managing the firm’s credit, market, liquidity, operational and insurance risk. 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. The division is ideal for collaborative individuals who have strong ethics and attention to detail.

Department Overview

Credit Risk (CR) is responsible for managing the firm’s credit exposure to its trading and lending counterparties. Leveraging its extensive expertise in financial, credit and risk analysis, CR ensures that credit exposure to our counterparties is managed within the firm’s risk appetite. Staffed with more than 270 professionals, CR operates through 12 different offices around the world and credit professionals work closely with many areas of the firm. Given this structure, CR 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

• Assess the credit and financial strength of the firm’s hedge fund, mutual fund, and private equity fund clients
• Perform counterparty reviews, recommend internal ratings, and set counterparty risk limits
• Assess transactions across Institutional Derivatives & Funding businesses. Leverage quantitative models and stress tests to opine on initial margin
• Drive risk conversations with respective trading and sales teams (OTC derivatives, prime brokerage, repo, etc)

Basic Qualifications

• 3-5 years of experience in a finance, markets, or risk role
• Significant knowledge of capital markets, including derivatives and/or repo
• Demonstrable track record of independent decision making
• Strong attention to detail. Excellent analytical and communication skills

Competencies

• Functional Expertise and Technical Skills – Knowledge of financial markets and portfolio risk management. Appropriate financial/analytical skills
• Client and Business Focus – Builds trusting, long-term relationships with clients, helps the client to identify/define needs, and manages client/business expectations
• Teamwork – Strong team player, works well under pressure, and collaborates with others across teams and business units
• Communication Skills – Communicates in a clear and concise manner, shares information/new ideas with peer group and team, and escalates as appropriate
• Judgment and Problem Solving – Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions, and identifies clear objectives. Sees the big picture and effectively analyzes complex issues
• Creativity and Influence – Looks for new ways to improve current processes and develop creative solutions with practical value
• Continuous Development – Values constant self-improvement and learning

Salary Range

The expected base salary for this New York, New York, United States-based position is $110000-$140000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits

Goldman 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 .

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 opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.