The Goldman Sachs Group, Inc

Asset & Wealth Management, PWM, Global Risk Management Team, Associate - New York

The Goldman Sachs Group, Inc • $85K — $160K *
New York, NY 10025In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 2+ years in a financial organization, particularly in private wealth or risk management.
  • Strong understanding of derivatives and their risk management.
  • Familiarity with market risk analysis, including VaR and stress testing.
  • Experience with Margin and Collateral Management systems; knowledge of US Margin Regulations preferred.
  • Outstanding analytical skills for analyzing financial data with attention to detail.
  • Exceptional communication and interpersonal skills to engage with senior management.
  • Highly organized with good judgment and discretion.

Responsibilities

  • Analyze client portfolios from a financial risk perspective to assess risk exposure.
  • Monitor product and portfolio performance against expectations and risk metrics.
  • Review client risk tolerances to ensure alignment with investment strategies.
  • Identify and address potential margin calls during client portfolio evaluations.
  • Escalate issues and findings within internal risk forums and to senior management.
  • Contribute to comprehensive portfolio reviews with senior management.
  • Implement improvements in risk management frameworks and methodologies.

Benefits

  • Access to comprehensive wellness offerings.
  • Strong employee experience initiatives.
  • Flexible work arrangements for full-time and part-time employees.
Full Job Description
Job Description

JOB SUMMARY & RESPONSIBILITIES

YOUR IMPACT

Are you a strategic thinker with a strong work ethic, desire to work within a growing global business, and ability to think outside the box? Wealth Management Financial Risk Management Team members will gain exposure and access to senior managers in PWM, build expertise in risk analysis and risk management, and develop a deeper understanding of the WM business on a macro level. The team is seeking a candidate who has the ability to thrive in a fast paced environment where attention to detail, strong communication skills, and passion for working with others are essential to maintaining and enhancing our business.

The WM Risk Management team is the 1st Line Risk Management In-Business function that provides analysis, review and management of the client, investment product, and platform related risks of the WM business. We are looking for an analytical and quantitative Senior Analyst / Junior Associate to join our team, based in New York.

This role focuses on understanding our / our client's risk to financial markets (e.g. equities, credit, FX etc) and advising on frameworks to help manage these risks.

You will work closely with US, EMEA, and Asia PWM Management Teams, Credit / Market Risk Officers, PWM Product Specialists and Private Wealth Advisors to review and advise on various activities.

HOW YOU WILL FULFILL YOUR POTENTIAL

Review and analyze client portfolios from a financial risk perspective, including:
  • Portfolio Construction and Product Performance Risk: Underperformance that may impair our client relationships.
  • Investment Manager Risk: selection and performance monitoring of individual Asset Managers (internal and external).
  • Credit Risk: the risk to GS from client default on their obligations using derivatives and / or borrowing.

Key Activities

Using analytics and tools for daily ongoing monitoring of clients' portfolios' financial performance vs. our limit frameworks and other key metrics:
  • Product and Portfolio Performance Indicators - are they performing in line with expectations?
  • Client Risk Tolerance and Suitability Limits - are clients' portfolios and products in line with their stated risk appetite and investment experience?
  • Margin Calls - reviewing swings in client portfolio values that may drive margin calls and scanning our overall universe of accounts to find similar exposures.
  • Portfolio Stress Testing Limits - Ensuring any limit breaches are understood, actioned, and escalated as needed.


  • Escalating potential issues and/or discussing other related topics within internal risk forums, as well as sharing findings with senior management.
  • Contribute to our regular portfolio reviews with senior PWM management - deep and wide-ranging analysis on our clients' portfolios and our corresponding credit exposures.
  • Analysis and implementation of improvements to our risk management methodologies, frameworks, and infrastructure.
  • Work with Strats team to develop specific risk analytics/reporting to be used internally and/or externally with clients.

WHERE YOU WILL MAKE AN IMPACT

Our Private Wealth Management business spans the globe, and you will be working with individuals in all three regions.

QUALIFICATIONS

EXPERIENCE & SKILLS WE'RE LOOKING FOR
  • Minimum of 2 years of experience in a financial organization, preferably in the private wealth high net worth area, portfolio management, or a Credit/Market Risk function.
  • Good base of derivatives knowledge - pricing, risk management of structured products, options and more exotic derivatives.
  • Exposure to core market risk analysis and management topics, e.g., VaR and Stress Testing.
  • Exposure to Margin / Collateral Management systems. Direct knowledge of US Margin Regulations desirable.
  • Outstanding analytical skills; ability to work with detailed financial or other data and understand and communicate commercial implications.
  • Exceptional communication and interpersonal skills; confidence to work closely with senior management
  • Highly organized with attention to detail and excellent follow-through
  • Good judgment and discretion


Salary Range
The expected base salary for this New York, NY, United States-based position is $85000-$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
Finance & Insurance
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ
GS
* Ladders Estimates

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