Global Markets Division, Counterparty Risk, Associate, Dallas

Job Description

Global Markets Division

Our core value is building strong relationships with our institutional clients, which include corporations, financial service providers, and fund managers. We help them buy and sell financial products on exchanges around the world, raise funding, and manage risk. This is a dynamic, entrepreneurial team with a passion for the markets, with individuals who thrive in fast-paced, changing environments and are energized by a bustling trading floor.

Counterparty Risk

Counterparty Risk serves as a centralized 1st Line of Defence to manage the division's risk to its clients arising from our trading relationships. We mitigate risk, design, advise on and launch a breadth of initiatives across 3 key verticals: Franchise Stressed Counterparty Risk, Agreement Risk, Macro Market Structure Risk.

The role will focus on efforts to expand our capabilities to manage stressed counterparty scenarios utilizing best-in-class tooling to identify, evaluate and manage risk scenarios. The successful candidate will be able to engage in strategic initiatives across multiple stakeholder groups while focusing on managing day to day risk.

RESPONSIBILITIES AND QUALIFICATIONS

• Managing product risk, including credit limit and settlement risk monitoring, limit exception management, stress testing, risk exposure analysis and post-trade risk management processes
• Engage in document negotiation to review and approve economically impactful terms in trading agreements
• Design strategy to respond macro market changes and work closely with cross-divisional project teams to implement initiatives
• Analyse, monitor, and report the Division's credit exposures across swaps, options, forwards, and repurchase agreements
• Flag exposures that exceed the firm's appetite to its counterparties to senior managers and other colleagues
• Identify and appropriately escalate issues related to data and work accuracy and quality
• Take initiative to identify opportunities for process improvements and develop methods to reduce risks, increase controls, and increase communication
• Develop an understanding of the financial services industry and the Firm's business activities

Skills/experience we are looking for:

• At least 3 years of experience in an analytical financial role. Understanding of derivatives products would be an advantage.
• Derivative operations, credit analysis, ratings analysis, corporate finance and/or research desired.
• Broad knowledge of GS's business.
• Strong interest and familiarity with finance, global financial markets and economic developments.
• Strong analytical and quantitative skills.
• Strong written and verbal communication skills.
• Ability to work flexibly in teams and manage a varied workload to meet deadlines.
• Highly motivated with strong academic background and a commitment to excellence
• Strong organizational skills and the ability to manage multiple assignments concurrently

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., 2021. All rights reserved.

Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity