Asset & Wealth Management Associate, Risk Governance

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

New York, NY, United States

Associate, Risk Governance with Goldman Sachs & Co. LLC in New York, NY. Assist in identifying, measuring, and managing 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 reports for portfolios and proactively develop tools and approaches to track, understand and analyze risk exposure and performance.

Work closely with risk analytics vendors and internal stakeholders to refine, update, and develop risk frameworks, models, and analytics used for evaluating and monitoring XIG invested third‑party 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 stakeholders. Support investment and regulatory guideline monitoring, compliance and reporting across XIG public markets.

Respond to ongoing and ad‑hoc risk‑related requests from various business areas within XIG and the broader Goldman Sachs Asset Management organization. Participate in manager calls/visits for risk monitoring and investment due diligence. 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.
• At least two (2) years of experience in a related role.
• Prior experience includes two (2) years in the following areas:
• Market structure and functioning of global financial markets and trading mechanics.
• Identifying, measuring and monitoring portfolio risk (market, liquidity, credit, factor exposure) using VAR, scenario analysis and historical simulation.
• Evaluating portfolio composition, performance attribution, alignment with investment objectives, diversification, concentration risk, turnover and compliance with risk limits using tools such as Bloomberg PORT.
• Using Python to develop asset allocation models, conduct scenario analysis and automate performance and risk reporting.
• Using Excel to develop VBA programs and advanced functions for real‑time analysis and decision making.
• Applying statistics, optimization and linear algebra to investment strategies and risk evaluation.
• Calculating performance metrics such as Value‑at‑Risk, trading error, beta exposures, and drawdown analysis.
• Communicating complex quantitative concepts to both technical and non‑technical audiences.

Salary Range:
Annual base salary $120,000 – $166,000.

Benefits:
Competitive vacation policies, financial wellness and retirement support, health services, fitness incentives, childcare and parental resources, and other class‑leading benefits.