The Goldman Sachs Group, Inc

Asset & Wealth Management, Investment Risk Management, Fixed Income, Associate - New York

The Goldman Sachs Group, Inc$100K — $160K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Degree in Finance, Economics, Accounting, or related field
  • 3+ years in Fixed Income investment risk management
  • Knowledge of risk factor models preferred
  • Strong quantitative and programming skills (e.g., Python)
  • Experience in analyzing and reporting risk exposures
  • Detail-oriented with a focus on process improvement
  • Proactive interest in financial markets

Responsibilities

  • Monitor risks of GSAM Fixed Income funds regularly
  • Develop and enhance stress tests and performance analyses
  • Build relationships with portfolio managers and stakeholders
  • Participate in risk-return reviews with portfolio managers
  • Update senior Risk Management on risk metrics changes
  • Ensure adherence to the risk governance framework
  • Assess market risks using various metrics and analyses

Benefits

  • Comprehensive and competitive employee benefits
  • Wellness offerings included
  • Support for both full-time and part-time employees working 20+ hours per week
Full Job Description
Job Description

YOUR IMPACT

We are seeking an Associate to join the Global Risk Management team within Goldman Sachs Asset Management.

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


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.

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

Lead with Innovation and Leadership

Step into a role where your skills will be honed and your leadership capabilities enhanced. The Goldman Sachs Group, Inc. is at the forefront of merging financial expertise with technological innovation, creating a platform for you to lead impactful initiatives.

Join Our Diverse and Inclusive Team

Diversity and inclusion are at the core of our company culture. With employees from various backgrounds, Goldman Sachs thrives on the rich ideas and perspectives that this diversity brings. Here, every team member’s contribution is valued, and every voice is heard.

Explore Job Opportunities and Internships

Whether you’re seeking full-time employment or looking into internship opportunities, Goldman Sachs offers a range of positions that cater to different skills, experiences, and career aspirations. From analyst to executive positions, discover how you can contribute to our legacy of success.

Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

Prepare for Your Future

Ready to take the next step? Prepare your resume, sharpen your interview skills, and explore the vast array of job opportunities at The Goldman Sachs Group, Inc. Our hiring process is designed to identify and nurture talent, helping you to achieve your career goals.

Stay Connected

Keep up to date with the latest from Goldman Sachs Careers by subscribing to our job alert emails. Tailor your preferences to receive updates that match your career interests and stay ahead in the competitive financial sector.

Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

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At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ

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