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**Job Title:** Asset & Wealth Management, Investment Risk Management, Fixed Income, Associate - New York, NY **Summary:** Join our Global Risk Management team as an Associate, contributing to independent oversight and risk governance for Fixed Income funds across diverse investment strategies. Key responsibilities include risk monitoring, scenario analyses, stress tests, stakeholder interaction, and reporting. Necessary experiences include 3+ years in Fixed Income risk management, strong quantitative skills, and proficiency in risk factor models and programming languages. Thrive in a fast-paced, collaborative environment and enjoy teaming up with stakeholders across portfolio management, client teams, and central functions. This role offers a competitive salary range of USD 100,000 - 160,000 and an extensive package of benefits.
- Compensation
- $100,000 – $160,000 USD
- City
- New York City
- Country
- United States
Currency: $ (USD)
Full Job Description
YOUR IMPACT
We are seeking an Associate to join the Global Risk Management team within Goldman Sachs Asset Management.
OUR IMPACT
The Global Risk Management team is uniquely positioned within the firm as part of Goldman Sachs Asset Management. Our global fund complex and separately managed account portfolios cover a wide range of assets classes, global markets and strategies. The team is responsible for independent oversight and risk governance covering all elements of risks including market risk, liquidity risk, counterparty risk, operational risk as well as risk monitoring of dedicated regulated legal entities via designated CRO roles. The team regularly interacts with a wide range of teams across Goldman Sachs Asset Management including portfolio managers, client teams, and various central functions such as Legal, Compliance, and firmwide risk in order to effectively monitor risk and continually improve upon our risk governance framework. The team is also responsible for risk monitoring and regulatory reporting for the global fund complex.
How You Will Fulfil Your Potential
Responsibilities And Qualifications
- Daily/weekly monitoring of the risks associated with GSAM Fixed Income funds across different investment strategies
- Developing, implementing, and enhancing stress tests, scenario analyses, performance, and risk attribution
- Building and maintaining relationships with portfolio managers and other key stakeholders
- Participating in regular risk-return reviews with portfolio managers
- Providing regular updates on changes in risk metrics and stress tests to senior AM Risk Management
- Ensuring adherence with the independent risk governance framework
- Assessing and quantifying market risk through a variety of metrics, including but not limited to drawdown controls, VaR, tracking error, risk concentrations, risk factor analysis, and other stress tests.
- Providing information (reports, ad-hoc postings and analysis) to Divisional Risk Management.
- Providing detailed market risk updates and reports to internal and external stake holders as required.
Skills And Experiences
- Strong academic record with a degree or equivalent in Finance, Economics, Accounting, or a related discipline
- A minimum of 3 years of experience in Fixed Income investment risk management (e.g. Credit Fixed Income, Emerging Markets, Securitized Credit, Municipals) gained within asset management industry
- Working knowledge of risk factor models strongly preferred
- Strong quantitative skills, as well as working knowledge of programming languages for data analysis strongly preferred (e.g. Python, AI tools)
- Must have strong experience in measuring, monitoring, analyzing and reporting risk exposures
- Detail oriented with a strong control mentality. Ability to demonstrate involvement in process improvement initiatives required
- Acute and pro-active interest in financial markets
- Highly motivated, enthusiastic, and assertive with a can-do attitude.
- Strong team player, able to work with a wide range of stakeholders (e.g. from Portfolio Managers to Controllers to Technology etc.)
- Strong written and verbal communication skills required
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.
Were 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.
Salary Range
The expected base salary for this New York, New York, United States-based position is $100000-$160000. 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.
