Asset & Wealth Management, Investment Risk Management, Equities, Associate - New York
About the role
We are seeking an Associate to join the Global Risk Management team within Goldman Sachs Asset Management. The team is uniquely positioned within the firm as part of Goldman Sachs Asset Management, overseeing a global fund complex and separately managed account portfolios that cover a wide range of asset classes, global markets, and strategies.
The team is responsible for independent oversight and risk governance, covering all elements of risks including market risk, liquidity risk, counterparty risk, operational risk, and risk monitoring of dedicated regulated legal entities via designated CRO roles. The team regularly interacts with portfolio managers, client teams, and various central functions such as Legal, Compliance, and firmwide risk to monitor risk and improve the risk governance framework. Additionally, the team handles risk monitoring and regulatory reporting for the global fund complex.
Responsibilities
- Daily/weekly monitoring of the risks associated with GSAM Equity funds across different investment strategies
- Developing, implementing, and enhancing stress tests, scenario analyses, performance, and risk attribution
- Building and maintaining relationships with portfolio managers and other key stakeholders
- Participating in regular risk-return reviews with portfolio managers
- Providing regular updates on changes in risk metrics and stress tests to senior AM Risk Management
- Ensuring adherence with the independent risk governance framework
- Assessing and quantifying market risk through metrics such as drawdown controls, VaR, tracking error, risk concentrations, risk factor analysis, and other stress tests
- Providing information (reports, ad-hoc postings, and analysis) to Divisional Risk Management
- Providing detailed market risk updates and reports to Boards of Directors and regulators as required
Requirements
- Strong academic record with a degree or equivalent in Finance, Economics, Accounting, or a related discipline
- A minimum of 3 years of experience in Equities and/or Alternatives investments risk management within the asset management industry
- Experience analyzing fundamental equities (long only and/or long-short), as well as quantitative equities strategies strongly preferred
- Working knowledge of risk factor models (e.g., Axioma, Barra) strongly preferred
- Strong quantitative skills, as well as working knowledge of programming languages for data analysis strongly preferred (e.g., Python, AI tools)
- Strong experience in measuring, monitoring, analyzing, and reporting risk exposures
- Detail-oriented with a strong control mentality and ability to demonstrate involvement in process improvement initiatives
- Acute and proactive interest in financial markets
- Highly motivated, enthusiastic, and assertive with a “can-do” attitude
- Strong team player, able to work with a wide range of stakeholders (e.g., Portfolio Managers, Controllers, Technology)
- Strong written and verbal communication skills
About the company
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 workplace by ensuring every individual has opportunities to grow professionally and personally, from training and development to benefits, wellness, and mindfulness programs.