Asset & Wealth Management, Investment Risk Management, Fixed Income, Associate - New York

About the role

The Global Risk Management team within Goldman Sachs Asset Management is uniquely positioned as part of the firm. The team oversees and governs all aspects of risks including market risk, liquidity risk, counterparty risk, operational risk, and monitors risk for dedicated regulated legal entities.

Responsibilities

• Daily/weekly monitoring of the risks associated with GSAM Fixed Income 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 a variety of metrics, including but not limited to 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 internal and external stakeholders as required

Qualifications

• A strong academic record with a degree or equivalent in Finance, Economics, Accounting, or a related discipline
• A minimum of 3 years of experience in Fixed Income investment risk management (e.g. Credit Fixed Income, Emerging Markets, Securitized Credit, Municipals) gained within the asset management industry
• Working knowledge of risk factor models preferred
• Strong quantitative skills, and working knowledge of programming languages for data analysis (e.g. Python, AI tools) preferred
• Strong experience in measuring, monitoring, analyzing, and reporting risk exposures
• Detail-oriented with a strong control mentality
• 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. from Portfolio Managers to Controllers to Technology etc.)
• Strong written and verbal communication skills required

Skills

• Strong academic record with a degree or equivalent in Finance, Economics, Accounting, or a related discipline
• Minimum of 3 years of experience in Fixed Income investment risk management (e.g. Credit Fixed Income, Emerging Markets, Securitized Credit, Municipals) gained within the asset management industry
• Working knowledge of risk factor models preferred
• Strong quantitative skills, and working knowledge of programming languages for data analysis (e.g. Python, AI tools) preferred
• Strong experience in measuring, monitoring, analyzing, and reporting risk exposures
• Strong written and verbal communication skills required