OVERVIEW

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high‐net‐worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong, Bengaluru and other major financial centers around the world.

Risk Engineering (“RE”), which is part of the Risk Division, is a central part of the Goldman Sachs risk management framework, with primary responsibility to provide robust metrics, data-driven insights, and effective technologies for risk management. RE is staffed globally with offices including New York, Dallas, Salt Lake City, London, Warsaw, Bengaluru, Singapore, and Tokyo. Analytics & Reporting (A&R) is responsible for reviewing, publishing, interpreting and communicating the firm’s independent and authoritative risk and capital measures. This includes understanding financial/non-financial risk by analyzing risk and capital metrics to evaluate, explain and justify features and emerging trends observed in the Firm’s risk data.

 

ROLE DESCRIPTION

We are seeking a VP-level candidate to join the A&R – Capital and Financial Reporting team. The successful candidate will be an integral part of a pan-risk team responsible for the calculation and analysis of capital metrics and stress test results, with a focus on the delivery of operational risk components of the Comprehensive Capital Analysis and Review (CCAR) exercise and the calculation of Operational Risk Weighted Assets (RWA), involving:

Managing the end-to-end CCAR operational risk loss projection process, establishing and communicating timelines to achieve timely completion of a key regulatory deliverable and performing review and challenge to ensure high-quality outputCalculating and analysing Operational RWA resultsLiaising with groups such as Modelers/Strats, Controllers, Enterprise Risk, trading and investing businesses, Legal, Compliance, Model Risk Management and the firm’s Insurance group to gather inputs and communicate insightsWorking with Operational Risk specialists in domains such as cyber risk and algorithmic trading risk who review risk and control self-assessment (RCSA) results and business environment and internal control factors (BEICFs) and facilitate workshops with trading and investing businesses to inform scenario analysis used to estimate loss projectionsIdentifying areas of potential improvement and interpreting the results of sensitivity analysis to fine-tune methodologies and assumptions and achieve the appropriate balance of conservativeness and commerciality Working with Engineers to develop, test and integrate enhanced workflows to deliver automation, maximize efficiency, improve control and enhance the results’ timeliness and accuracyWriting and consolidating documentation to explain processes, and contributing to firmwide documents such as the firm’s Capital PlanPresenting to and preparing materials for the firm’s internal governing bodies such as Risk Committees and executive members of the firmInteracting with the firm’s external governing bodies such as external regulators and industry groups

 

WHAT WE LOOK FOR

The role is ideal for collaborative individuals who have sound technical skills, financial risk acumen, strong ethics, and attention to detail. Whether offering analytical insights or engaging with the firm’s regulators, the role gives you a holistic experience of being a risk management professional.

 

OPPORTUNITIES 

In performing the job function, you will have the following opportunities:

Work in a dynamic & highly creative teamwork and consensus-orientated environmentExposure to industry leading market data, pricing and risk and capital models for all activities the Firm engages inExposure to challenging quantitative problems and large volumes of data (a.k.a ‘Big Data’) and the tools and techniques to interact with, and determine meaningful interpretations of, such dataDevelopment of economic, financial product and market knowledgeEngagement in critical internal risk management activities, and provision of data to both internal and external stakeholders and firm governing bodiesOpportunities to work with senior members of the firm and a wide variety of groups across all areas of the firm

 

SKILLS AND RELEVANT EXPERIENCE

Masters or Bachelors degree in a quantitative discipline such as financial engineering, economics, mathematics, physics, econometrics or engineeringExperience of risk measurement, operational risk management and/or the delivery of regulatory projects involving multiple stakeholdersExcellent written and verbal communication skillsEntrepreneurial, creative, self-motivated and team-orientatedPractical knowledge of mathematics and numerical algorithms, including statistics and time series analysisExperience with, or keen interest to develop expertise in, development of risk analytics, interpretation and productivity tools for cultivating insights into risk & capital metric dataExperience with, or keen interest to develop expertise in, pricing, risk and capital modelsExperience with, or keen interest to develop expertise in, financial markets & economics 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. We're 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 GS.com/careers. 
  We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
 
  © 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.