Asset & Wealth Management Associate, Risk Governance Associate

Asset & Wealth Management
- New York
- Associate, Risk Governance – 9730155  New York, NY, United States

Job Duties:

Associate, Risk Governance with Goldman Sachs & Co. LLC in New York, New York. Assist in identifying, measuring, and managing both investment risk of third-party investment managers and Fund of Funds portfolio level risks across public markets within the Firm’s External Investing Group (XIG). Create customized risk report for portfolios and proactively explore and develop new tools and approaches to track, understand and analyze risk exposure and performance of portfolios.

Work closely with risk analytics vendors and internal stakeholders in refining, updating, and developing risk frameworks, models, and analytics used for evaluating and monitoring XIG invested third-party investment managers and portfolios. Ensure effective execution and supervision of the agreed upon manager and portfolio level risk management processes and protocols by regular interaction with relevant stakeholders. Support the investment and relevant regulatory guideline monitoring, compliance and reporting function across XIG public markets.

Respond to both ongoing and ad-hoc risk related requests from the various business areas within XIG and the broader Goldman Sachs Asset Management organization. Participate in manager calls/visits as needed for risk/guideline monitoring and/or investment due diligence purposes. Communicate analytical results, diligence observations and conclusions to internal teams, clients and other stakeholders verbally and through written memos and presentations.

Job Requirements:

Bachelor’s degree (U.S. or foreign equivalent) in Finance, Mathematics, Operations Research, Engineering, or a related field and two (2) years of experience in the job offered or in a related role. Prior experience must include two (2) years in the following: market structure and functioning of global financial markets, and their trading mechanics; identifying, measuring, and monitoring various types of portfolio risk, including market risk, liquidity risk, credit risk, and factor exposure, through risk frameworks such as VAR, scenario analysis, and historical simulation;

evaluating portfolio composition, performance attribution, and alignment with investment objectives and assessing portfolio diversification, concentration risk, turnover, and compliance with risk limits using tools like Bloomberg PORT or factor decomposition and risk attribution; utilizing Python to develop asset allocation models, conduct scenario analysis, and automate performance and risk reporting; utilizing Excel to develop VBA programs to automate daily tasks, and utilizing the advanced functions and pivot tables to support real-time analysis, monitoring, and decision-making processes;

statistics, optimization, linear algebra, and their application to investment strategies and risk evaluation; understanding and calculating important performance metrics such as Value-at-Risk (VAR), trading error, beta exposures, and drawdown analysis; and effectively communicating complex quantitative concepts and insights to both technical and non-technical audiences, and translating analytical results into clear, actionable recommendations for stakeholders.

Salary Range:
Annual base salary for this

New York, New York based position is $120,000 - $166,000.

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’…