The Goldman Sachs Group, Inc

Risk, Climate - Enterprise Risk, Analyst, Salt Lake City

The Goldman Sachs Group, Inc$70K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required
  • 1-3 years of experience in Financial Services or ESG/sustainability sector
  • Interest or background in sustainability and climate risk
  • Exceptional communication skills, both verbal and written
  • Strong analytical capabilities with attention to detail
  • Excellent organizational skills for managing multiple projects
  • High proficiency in Excel and PowerPoint

Responsibilities

  • Support daily operations of the Climate Risk program
  • Prepare regulatory submissions and deliverables for oversight
  • Monitor and interpret the evolving regulatory environment
  • Implement climate considerations into first and second Line of Defense processes
  • Contribute to designing the Risk Appetite Statement framework
  • Collaborate with the quant team to enhance climate risk modeling
  • Manage internal risk frameworks and processes for risk identification
  • Produce materials for Risk and Board Risk Committees and external disclosures

Benefits

  • Opportunity to work at the intersection of finance and sustainability
  • Engage with diverse teams across the firm including Executive and Legal groups
  • Exposure to regulatory frameworks and governance in climate risk
  • Opportunity to contribute to a developing climate risk management program
  • Work in a fast-paced environment with analytical peers
Full Job Description
Job Description

Team: Enterprise Risk Management - Climate Risk

Level: Analyst

Location: Salt Lake City

Divisional Overview:

The Risk division identifies, monitors, assesses, and manages financial and non-financial risks in support of the firm's appetite and strategic plan as well as the risk of expected and unexpected events that may have an adverse impact on the firm. Risk teams play a critical function for the firm, driving how risk is taken and managed. Risk professionals execute critical day-to-day risk management activities, operating in a fast paced and dynamic environment and utilizing best-in-class risk tools and frameworks. Risk teams are analytically curious, have an aptitude for challenge, and an unwavering commitment to excellence. Effective coordination with executive management, business units, control departments and technology is critical for success.

The Enterprise Risk Management (ER) department manages a range of pan-Risk capabilities to ensure that Risk and divisional leadership have a comprehensive and aggregate view of the firm's risk profile, inclusive of both financial and non-financial risks, in a way that facilitates strategic planning and risk decision making. ER oversees the evaluation and planning of new business initiatives, management of evolving or emerging risks, governance of the division's frameworks, processes, and capabilities, as well as regional and legal entity governance.

Job Summary:

The Climate Risk team leads the firm's strategy and framework for monitoring, assessing, and managing climate-related and environmental risks. This includes evaluating the firm's exposure to both physical and transition risks through its balance sheet positions and determining the potential impact to firmwide operations. Climate Risk professionals execute critical day-to-day risk management activities, lead projects, and contribute to the ongoing advancement of a robust climate and environmental ("C&E") risk management program.

The team interacts closely with all areas of Risk, as well as with various groups across the firm including Executive Office, Controllers, Global Banking & Markets, Asset and Wealth Management and Risk Engineering.

RESPONSIBILITIES
  • Support day to day responsibilities and strategic priorities of the Climate Risk program
  • Prepare regulatory submissions as part of the ongoing supervision process, regulatory examinations and other regulatory deliverables
  • Monitor the changing regulatory landscape including reviewing, interpreting and providing guidance to help shape the further development of the Climate program
  • Support implementation of C&E considerations into 1LoD and 2LoD processes
  • Contribute to the design of the Risk Appetite Statement framework, including calibrating limits and monitoring utilization reports
  • Partner with quant team to understand use of climate risk models and scenario capabilities to inform views of portfolio risks
  • Manage internal risk frameworks and processes including risk identification
  • Contribute to Risk Committee and Board Risk Committee materials, regulatory submissions, and external disclosures
  • Maintain relationships with key stakeholders across Sustainable Finance Group, Controllers, Office of Government and Regulatory Affairs and Legal

SKILLS & EXPERIENCE
  • Bachelor's degree
  • 1-3 years in the Financial Services / Banking industry or experience in the ESG and sustainability space
  • Interest or background in sustainability and climate-related risk
  • Exceptional verbal, written, and interpersonal communication skills
  • Strong analytical skills with high attention to detail and accuracy
  • Strong organizational skills and ability to manage multiple assignments concurrently
  • High proficiency in Excel and PowerPoint required

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

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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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