Goldman Sachs - Dallas, TX
posted 3 days ago
The Risk Division at Goldman Sachs is tasked with the independent review of various types of risks including market, credit, operational, model, and liquidity risk across the firm. Within this division, the Market Risk department plays a crucial role in ensuring effective risk management and regulatory compliance concerning the firm's market risks. This group is integral in aligning the firm's business strategies with its market risk appetite, engaging directly with business units to review and challenge risk management actions. Additionally, the Market Risk department is responsible for keeping the Board of Directors informed about the firm's market risk profile, utilizing a comprehensive suite of risk measures, expert judgement, and limit setting to achieve this goal. The activities of this department focus on risk management and analysis, transparency, escalation of risks, supervision, and continuous process improvement. We are seeking a dedicated professional to join our Market Risk Specialists group as a market risk manager in Dallas. This team is responsible for overseeing a variety of businesses and products, including Mortgages, Corporate Treasury market risk, Banking Book Rates risk, Private Markets (equity, credit, and real estate), Leveraged Lending, and the US Bank entity. The role involves ongoing review of risk measures such as Value at Risk (VaR), greeks, and stress tests, as well as interaction with first line risk takers. The successful candidate will evaluate risk-taking behavior and influence outcomes through detailed portfolio and transaction-level risk analysis, ensuring alignment with the firm's risk appetite. Collaboration with Risk Engineering colleagues is essential for the development of new risk measures and enhancements to existing ones, as well as the proactive identification of emerging risks such as basis risks and crowded trades. The role also includes establishing limit structures, connecting macroeconomic events to potential vulnerabilities, and effectively communicating and educating stakeholders about risk management practices.