The Goldman Sachs Group, Inc

Risk - New York - Associate, Enterprise Risk - 9848643

The Goldman Sachs Group, Inc • $127K — $140K *
New York, NY 10025In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business, Sustainability, Mathematics, or related analytical field.
  • 3 years of experience in strategic discussions with senior management and stakeholders.
  • Exceptional communication skills for conveying complex climate and risk insights.
  • Comprehensive understanding of financial (credit, market, operational, liquidity) and non-financial risks (reputational, strategic), especially in relation to climate.
  • 1 year of experience in the Financial Services/Banking sector focusing on climate initiatives.

Responsibilities

  • Support the Climate Risk program's day-to-day and strategic priorities.
  • Prepare regulatory submissions and manage ongoing supervision processes.
  • Monitor regulatory changes and engage in internal and external working groups.
  • Implement climate considerations into risk defense processes.
  • Contribute to the Risk Appetite Statement framework and risk utilization reports.
  • Partner with quant teams to analyze climate risk models for portfolio risk assessment.
  • Maintain relationships with key stakeholders across various departments.

Benefits

  • Engagement with a leading climate risk initiative at a top financial institution.
  • Opportunities for direct impact on company climate strategy and sustainability initiatives.
  • Collaboration with cross-functional teams and senior management.
  • Participation in shaping regulatory submissions and disclosures.
  • Exposure to evolving regulatory landscapes and climate-related financial risks.
Full Job Description
Job Description

Job Duties: Associate, Enterprise Risk with Goldman Sachs & Co. LLC in New York, New York. Support day to day responsibilities and strategic priorities of the Climate Risk program. Support the Head of Climate Risk and work with the broader team to execute strategic initiatives as the program expands, in consideration of new regulatory feedback and industry changes. Prepare regulatory submissions as part of the ongoing supervision process, regulatory examinations and other regulatory deliverables. Monitor the changing regulatory landscape including reviewing and providing feedback through internal working groups and external industry forums to help shape the further development of the Climate program. Drive implementation of climate considerations into first and second lines of defense 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.

Job Requirements: Bachelor's degree (U.S. or foreign equivalent) in Business, Sustainability, Mathematics, or related analytical field and three (3) years in the job offered or in a related role. Prior experience must include three (3) years with: orchestrating and leading strategic discussions with senior management and cross-functional stakeholders, effectively communicating complex climate and risk insights. Demonstrating exceptional verbal, written, and interpersonal communication skills to influence critical decisions pertaining to climate strategy and risk management; and possessing a comprehensive understanding of both traditional financial risk disciplines (e.g., credit, market, operational, liquidity risk) and non-financial risk disciplines (e.g., reputational risk, strategic risk), including their intersection with climate-related risks. Applying this knowledge to analyze and assess a broad spectrum of financial products, including loans, derivatives, and structured finance instruments. Prior experience must include one (1) year with: working within the Financial Services/Banking industry, specifically focused on driving climate and sustainability initiatives; developing and implementing robust quantitative and qualitative methodologies for assessing and managing complex climate-related risks, encompassing both transition and physical risk exposures across diverse portfolios; evaluating and interpreting evolving US and non-US regulatory mandates and supervisory expectations (e.g., ECB, PRA) pertaining to climate and sustainability. Conducting comprehensive gap assessments, leading to the development and implementation of strategic adjustments that ensured full adherence to new regulatory requirements; contributing to the development and submission of mandatory and voluntary sustainability reports (e.g., TCFD) enhancing transparency and stakeholder engagement. Performing in-depth sustainability disclosure benchmarking across the financial services industry, identifying best practices and informing strategic improvements in reporting standards; leveraging analytical tools such as R or Excel to meticulously analyze large datasets, integrating credit risk exposures with climate risk indicators; proactively identifying climate-related risks and formulated actionable data-driven recommendations, enhancing operational effectiveness. Successfully managing multiple concurrent assignments with competing priorities, consistently delivering high-quality deliverables within established deadlines; and possessing knowledge of carbon-intensive sectors (e.g., energy, power, auto manufacturing) and their unique challenges in the transition to a low-carbon economy and applying this knowledge in evaluating and developing viable decarbonization pathways.

Salary Range: Annual base salary for this New York, New York -based position is $127,000 - $140,000.

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.

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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.

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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.

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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.

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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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