Job Description
The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.
Vice President: Market Risk in Dallas.
We are looking for a dynamic and experienced Market Risk professional to join the second line of defense Market Risk group in Dallas, one of our fastest growing offices
The Risk Division is responsible for independent review of market, credit, operational, model, and liquidity risk throughout the firm as well as enterprise-wide stress testing.
Market Risk is a Department within the Risk Division that facilitate effective deployment of risk appetite, prudent risk management and regulatory compliance for the Firm's market risks.
The group acts as a key stakeholder in ensuring that the firm's business plans are within its market risk appetite and engages directly with businesses on the review and challenge of risk management actions.
The group also plays a key role in keeping the Board of Directors apprised of the firm's market risk profile.
This is achieved by using a suite of risk measures, proactive application of expert judgement, and limit setting.
Activities are centered on risk management and analysis, transparency and escalation of risk, supervision, and overall process improvement.
KEY RESPONSIBILITIES
Ongoing review of risk measures (VaR, greeks, stress tests) and interaction with 1st line risk takers Evaluate and challenge risk taking behavior and influence outcomes through portfolio and transaction level risk analysis taking into consideration risk appetite Collaboration with Risk Engineering colleagues on the development of new risk measures / stress tests and improvements to existing measures Proactive identification of emerging risks (e.g., basis risks, crowded trades) Risk appetite sizing, limit and threshold setting Connect events (e.g., macroeconomic data releases, political elections) to potential vulnerabilities Dissemination of information and education of stakeholders through effective and timely communication and collaboration Communication with senior management and regulators Work collaboratively across functions to deliver on regulatory obligations QUALIFICATIONS 7+ years experience in market risk management in key asset classes such as Rates, Credit and Equities, or similar role with transferable skills Strong academic record with Bachelor's degree, equivalent or above in Finance, Mathematics or a related quantitative/analytical discipline preferred Deep understanding of financial products including their risk/reward tradeoffs Understanding of risk management concepts and metrics Excel, Bloomberg, Refinitiv Eikon, ability to pick up in-house systems Ability to code beneficial Proven problem-solving ability and control mindset Able to analyze and challenge risk taking activities while engaging effectively with first line of defense Desire and ability to collaborate with people from different departments and levels of seniority Desire and ability to communicate complex information and concepts in layperson terms directly with senior management (both written and verbally)
ABOUT GOLDMAN SACHS
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