Logo of Huzzle

Home

Matches

Explore

Manage

Risk, Credit Risk - Associate - New York

image

Goldman Sachs

1mo ago

  • Job
    Full-time
    Mid & Senior Level
  • New York

AI generated summary

  • You must have strong analytical skills, knowledge of credit risk assessment, and relevant financial experience; proficiency in quantitative methods and communication skills are essential.
  • You will assess and manage risk and credit exposure, analyze data, prepare reports, and collaborate with teams to ensure sound decision-making in risk assessment.

Requirements

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

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)

FAQs

What is the primary responsibility of the Risk, Credit Risk - Associate role at Goldman Sachs?

The primary responsibility of this role is to manage the firm's credit exposure to trading and lending counterparties by assessing their creditworthiness, performing counterparty reviews, recommending internal ratings, and setting counterparty risk limits.

What experience is required for this position?

The position requires 3-5 years of experience in a finance, markets, or risk role, along with significant knowledge of capital markets, including derivatives and/or repo.

What skills are essential for a successful candidate in this role?

Essential skills include strong attention to detail, excellent analytical and communication skills, functional expertise in financial markets and portfolio risk management, and the ability to make independent decisions.

How does the Credit Risk team collaborate with other departments at Goldman Sachs?

The Credit Risk team works closely with various areas of the firm, allowing for diverse financial experience through interaction with different departments and participation in a broad range of projects.

What are the salary and bonus expectations for this position?

The expected base salary for this position is between $110,000 and $140,000, and there may be eligibility for a discretionary bonus if you are an active employee as of fiscal year-end.

What benefits does Goldman Sachs offer to its employees?

Goldman Sachs provides a variety of competitive benefits and wellness offerings, which include training and development opportunities, wellness programs, personal finance offerings, and mindfulness initiatives, among others.

What competencies are highlighted as important for candidates applying for this position?

Important competencies include functional expertise and technical skills, client and business focus, teamwork, effective communication, judgment and problem-solving abilities, creativity and influence, and a commitment to continuous development.

Is diversity and inclusion a priority at Goldman Sachs?

Yes, Goldman Sachs is committed to fostering and advancing diversity and inclusion in the workplace, providing opportunities for professional and personal growth for all employees.

Are accommodations available for candidates with special needs during the recruiting process?

Yes, Goldman Sachs is committed to finding reasonable accommodations for candidates with special needs or disabilities during the recruitment process.

Where can I learn more about the culture and benefits of working at Goldman Sachs?

More information about the culture, benefits, and people at Goldman Sachs can be found at GS.com/careers.

Goldman Sachs

Finance
Industry
10,001+
Employees
1869
Founded Year

Mission & Purpose

Goldman Sachs is a global investment banking, securities, and investment management firm. They offer a range of financial services to corporations, financial institutions, governments, and individuals. Goldman Sachs' primary activities include investment banking, asset management, securities trading, and providing advisory services. Their ultimate mission is to be a leading global financial institution, providing superior financial expertise and solutions to their clients. The purpose of Goldman Sachs is to help their clients achieve their financial goals, manage risk, and navigate complex markets. They aim to drive economic growth, foster innovation, and create long-term value for their clients, shareholders, and the communities they operate in. Goldman Sachs is committed to upholding the highest standards of integrity, professionalism, and client service, serving as a trusted partner and advisor in the world of finance.

Culture & Values

  • Partnership

    We prioritize collaboration and believe in the strength of the collective, creating a culture that fosters teamwork and belonging in the pursuit of professional and personal growth.

  • Client Service

    We lead with a service mindset, working to earn our clients’ trust and exceed their expectations by understanding and overdelivering on their goals.

  • Integrity

    We hold ourselves accountable to the highest ethical standards, insisting on transparency and vigilance from our people as we learn from our experiences and make decisions that instill a sense of pride in our firm.

  • Excellence

    We aspire to nothing less than excellence, striving for exceptional performance and superior results for our clients, our shareholders, and our communities.

Benefits

  • Holiday and Vacation Policies

    We offer competitive vacation policies based on employee level and office location. This is in addition to any number of statutory and public holidays as determined by each office. 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

    The firm provides a number of resources and offerings designed to help our employees achieve their personal financial goals. 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 — from buying a home, to navigating market volatility and investments, legacy and estate planning, tax strategies, and will preparation.

  • 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.

  • Childcare / Family Care

    In some offices, 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.

  • Flexible Working

    Based on manager approval, the following arrangements may be available to help employees meet their personal and family responsibilities: part-time schedules, job sharing, telecommuting, and alternate hours.