Risk, Counterparty Credit Risk, Vice President, London

RISK

Our Risk division develops comprehensive processes to monitor assess and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities lead projects and contribute to the ongoing advancement of a robust risk management program. Effective coordination with executive management business units control departments and technology is critical for success.

COUNTERPARTY CREDIT RISK

Credit Risk is responsible for managing the firms credit exposure to its trading and lending counterparties. Leveraging its extensive expertise in financial credit and risk analysis CR ensures that credit exposure to our counterparts is managed within the firms risk appetite. Credit professionals work closely with many areas of the firm. Given this structure CR professionals gain diverse financial experience and a broad perspective on how the entire firm functions. The interaction with numerous departments and the range of projects that ensue allow for a challenging varied and multi-dimensional work environment.

This business is ideal for collaborative individuals who have strong ethics and attention to detail. Whether assessing the creditworthiness of the firms counterparties monitoring market risks associated with trading activities or offering analytical and regulatory compliance support our work contributes directly to the firms success.

RESPONSIBILITIES

Evaluate derivatives and financing transactions across Counterparty Credit Risk reviewing and approving risk taking across this sector while ensuring appropriate documentation and risk mitigants are in place to protect against default and minimize losses

Assess the credit and financial strength of a portfolio of hedge funds mutual funds or private equity funds by performing fundamental credit analysis. Often relying on quantitative and qualitative factors drawn from funds risk reports portfolio analysis and client calls

Approve transactions and opine on risk mitigation for products (fixed income funding equity derivatives prime brokerage swaps etc) based on counterparty and trade details. Hold risk conversation with respective sales and trading teams

Perform counterparty reviews including recommending appropriate internal risk rating for each counterparty and setting risk appetite limits

Support and participate in management and regulatory interactions including the preparation and presentation of recommendations / materials

SKILLS AND EXPERIENCE REQUIRED

Bachelors degree in business or finance preferred CFA advantageous

5-8 years of experience in a market facing or risk (1st or 2nd line) role preferred

Strong knowledge of capital markets including derivatives and funding products required

Excellent analytical communication and organizational skills required

Strong execution focus - proven ability to deliver on timelines and requirements

Client and Business Focus - Builds trusting long-term relationships with clients helps the client to identify/define needs and manages client/business expectations

Teamwork - Gives evidence of being a strong team player collaborates with others within and across teams. Experiencing managing juniors preferable

Communication Skills - Communicates in a clear and concise manner shares information/new ideas with peer group and team while demonstrating judgment to escalate as appropriate

ABOUT GOLDMAN SACHS

At Goldman Sachs we commit our people capital and ideas to help our clients shareholders and the communities we serve to grow. Founded in 1869 we are a leading global investment banking securities and investment management firm. Headquartered in New York we maintain offices around the world.

We believe who you are makes you better at what you do. Were committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally from our training and development opportunities and firmwide networks to benefits wellness and personal finance offerings and mindfulness programs. Learn more about our culture benefits and people at committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: The Goldman Sachs Group Inc. 2023. All rights reserved.

Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race color religion sex national origin age veterans status disability or any other characteristic protected by applicable law.