Verified Job
Other Jobs
Risk, Credit Risk (Global Markets), Associate, Salt Lake City
Other Jobs
#738802
Remote / WFH
Goldman Sachs
Job Description
Full job description
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 financial strength of hedge funds by performing fundamental counterparty analysis. Interpret quantitative and qualitative factors drawn from fund's risk reports, portfolio analysis, and client calls
Evaluate derivatives and financing transactions across Global Banking & Markets clients. Review and approve risk in a fast-paced environment while ensuring appropriate mitigants in place to minimize losses in event of counterparty default. Assess risk of transactions through reviews of quantitative models, portfolio analysis, stress testing, and other methods
Perform counterparty reviews, including recommending appropriate internal risk rating for each counterparty and setting credit limits
Basic Qualifications:
Excellent academic record
2-5 years of experience in a finance, markets, or risk role
Significant knowledge of capital markets, including derivatives and/or repo
Demonstrable track record of achievement and independent decision making
Excellent attention to detail. Strong 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
We Offer Best-In-Class Benefits
Healthcare & Medical Insurance
We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.
Holiday & Vacation Policies
We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.
Financial Wellness & Retirement
We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.
Health Services
We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.
Fitness
To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).
Child Care & Family Care
We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.
Benefits at Goldman Sachs
Read more about the full suite of class-leading benefits our firm has to offer.
Opportunity Overview
CORPORATE TITLEAssociate
OFFICE LOCATION(S)Salt Lake City
JOB FUNCTIONCredit Risk
DIVISIONRisk Division
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 financial strength of hedge funds by performing fundamental counterparty analysis. Interpret quantitative and qualitative factors drawn from fund's risk reports, portfolio analysis, and client calls
Evaluate derivatives and financing transactions across Global Banking & Markets clients. Review and approve risk in a fast-paced environment while ensuring appropriate mitigants in place to minimize losses in event of counterparty default. Assess risk of transactions through reviews of quantitative models, portfolio analysis, stress testing, and other methods
Perform counterparty reviews, including recommending appropriate internal risk rating for each counterparty and setting credit limits
Basic Qualifications:
Excellent academic record
2-5 years of experience in a finance, markets, or risk role
Significant knowledge of capital markets, including derivatives and/or repo
Demonstrable track record of achievement and independent decision making
Excellent attention to detail. Strong 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
We Offer Best-In-Class Benefits
Healthcare & Medical Insurance
We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.
Holiday & Vacation Policies
We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.
Financial Wellness & Retirement
We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.
Health Services
We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.
Fitness
To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).
Child Care & Family Care
We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.
Benefits at Goldman Sachs
Read more about the full suite of class-leading benefits our firm has to offer.
Opportunity Overview
CORPORATE TITLEAssociate
OFFICE LOCATION(S)Salt Lake City
JOB FUNCTIONCredit Risk
DIVISIONRisk Division
