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

YOUR IMPACTWe are seeking an Associate to join the Global Risk Management team within Goldman Sachs Asset Management.OUR IMPACTThe Global Risk Management team is uniquely positioned within the firm as part of Goldman Sachs Asset Management. Our global fund complex and separately managed account portfolios cover a wide range of assets 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 as well as risk monitoring of dedicated regulated legal entities via designated CRO roles. The team regularly interacts with a wide range of teams across Goldman Sachs Asset Management including portfolio managers, client teams, and various central functions such as Legal, Compliance, and firmwide risk in order to effectively monitor risk and continually improve upon our risk governance framework. The team is also responsible for risk monitoring and regulatory reporting for the global fund complex.How You Will Fulfil Your PotentialResponsibilities and QualificationsDaily/weekly monitoring of the risks associated with GSAM Fixed Income funds across different investment strategiesDeveloping, implementing, and enhancing stress tests, scenario analyses, performance, and risk attributionBuilding and maintaining relationships with portfolio managers and other key stakeholdersParticipating in regular risk-return reviews with portfolio managersProviding regular updates on changes in risk metrics and stress tests to senior AM Risk ManagementEnsuring adherence with the independent risk governance frameworkAssessing 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.Skills and ExperiencesStrong academic record with a degree or equivalent in Finance, Economics, Accounting, or a related disciplineA minimum of 3 years of experience in Fixed Income investment risk management (e.g. Credit Fixed Income, Emerging Markets, Securitized Credit, Municipals) gained within asset management industryWorking knowledge of risk factor models strongly preferredStrong quantitative skills, as well as working knowledge of programming languages for data analysis strongly preferred (e.g. Python, AI tools)Must have strong experience in measuring, monitoring, analyzing and reporting risk exposuresDetail oriented with a strong control mentality. Ability to demonstrate involvement in process improvement initiatives requiredAcute and pro‑active interest in financial marketsHighly 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 requiredSalary RangeThe expected base salary for this New York, New York, United States‑based position is $100000-$160000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year‑end.BenefitsGoldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non‑temporary, full‑time and part‑time US employees who work at least 20 hours per week, can be found here .Healthcare & Medical InsuranceWe 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 & RetirementWe 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’ priorities.Health ServicesWe offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state‑of‑the‑art on‑site health centers in certain offices.FitnessTo encourage employees to live a healthy and active lifestyle, some of our offices feature on‑site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre‑approved amount).Child Care & Family CareWe offer on‑site child care centers that provide full‑time and emergency back‑up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.Benefits at Goldman SachsRead more about the full suite of class‑leading benefits our firm has to offer.Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veteran status, disability, or any other characteristic protected by applicable law. #J-18808-Ljbffr