Global Banking & Markets, Prime Services, PB Risk & Underwriting, Associate, Bengaluru

The Goldman Sachs Group Inc. is a leading global financial services firm providing investment banking Global Markets and investment management services to a substantial and diversified client base that includes corporations financial institutions governments and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London Frankfurt Tokyo Bangalore Hong Kong and other major financial centers around the world.

FICC & EQUITIES

We make markets in and clear client transactions on major stock options and futures exchanges worldwide. Through our global sales force we maintain relationships with our clients receiving orders and distributing investment research trading ideas market information and analysis.

The Prime Services Group within the GBM segment provides a broad range of specialized services to hedge funds market makers agency brokers proprietary trading groups and institutional clients. These broadly cover margin financing securities lending custody & settlement risk management execution and clearing services (cash and derivatives) capital introduction consulting services corporate action management and accounting and portfolio analytics.

The PB Risk & Underwriting team is responsible for end-of-day and intraday risk management of client portfolios. The Risk team maintains proprietary stress methodologies that govern the margin posted by clients or helps to set risk appetite at overall Beneficiary level. The risk team also runs several risk control processes for timely identification and escalation of client portfolios flagging for specific risks and prepares regular updates for senior management. For centrally cleared products (listed and OTC) the Risk team also reviews exchange margin methodologies on a regular basis and regularly engages with Exchanges regulatory bodies and industry associations in advocacy efforts to ensure exchange models are robust.

The successful candidate will join a team with global responsibilities - located in Bangalore office - that will work closely with New York London and Hong Kong counterparts on the day-to-day control analysis and risk management of global clients as well as the evaluation of new client prospects. An important element of the role will also be the provision of analytical support required for the purposes of the development of new risk methodologies and bespoke client offerings or the re-evaluation of existing ones.
With time the successful candidate will acquire expertise and know-how of market and credit risk management theory and best practices technical knowledge across all asset classes and other areas related to the Prime Services business areas.

Responsibilities
Work with regional risk managers on the daily margin call analysis risk processes and communication including ad-hoc focus risk reporting.
Contribute to product development and improving the scalability of bespoke offerings
Portfolio risk analyses and deep dives based on internally designed risk metrics.
Conduct ongoing monitoring of trades portfolios and control processes for timely identification and escalation post-execution
Work closely with members of the team across risk functions including 2nd LOD Risk for eg. Credit and Model Risk in performing risk management of exposures to counterparties in the Prime Services business
Testing adequacy of in-house as well as regulatory/exchange margin methodologies in the context of financial markets.

Requirements
3 years of relevant work experience in Prime Brokerage capital markets market risk credit risk & underwriting corporate finance or consulting
Strong technical and quantitative capabilities required. Excellent analytical skills and attention to detail.
Understanding of financial products (Equities Credit Convertible Bonds Commodities FX Futures and Options)
Highly motivated entrepreneurial and team oriented. Passion for solving large scale problems
Excellent communication skills written as well as verbal be able to articulate and present to senior management.
Ability to multi-task across various projects under tight deadlines and perform each at a high level
Experience / interest in software/ programming will be valuable.

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 employment/affirmative action employer