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Risk, Liquidity Risk, Associate, Frankfurtlocation_onFrankfurt, Hessen, Germany
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Opportunity Overview
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CORPORATE TITLEAssociate
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OFFICE LOCATION(S)Frankfurt
assignment
JOB FUNCTIONLiquidity Risk
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DIVISIONRisk Division
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The Risk Division is a team of specialists charged with managing the firm’s
credit, market, liquidity, operational and capital risk. Whether assessing the
creditworthiness of the firm’s counterparties, monitoring market risks
associated with trading activities, or offering analytical and regulatory
compliance support, our work contributes directly to the firm’s success. The
division is ideal for collaborative individuals who have strong ethics and
attention to detail.

LIQUIDITY RISK

Liquidity Risk is the independent risk management function responsible for
identifying, quantifying, and managing the liquidity risk of the firm. We work
closely with Corporate Treasury, Controllers, Operations, Global Banking and
Markets, Asset and Wealth Management Divisions, as well as the broader Risk
organization to provide independent risk assessment and oversight of the firm s
liquidity risk taking. 

Key functions include: 

 * Stress Testing: Methodology development, model creation and governance,
   assumption review and approval, and risk measurement 
 * Regulatory Stress Metrics, Liaison, & Advocacy: Regulatory policy and rule
   interpretation, engagement with global regulators and policy advocacy,
   Calculation and disclosure of key regulatory stress metrics
 * Risk Limit Governance: Setting liquidity risk appetite, calibration of risk
   limits, sign-off on limits frameworks, and ongoing monitoring of limit
   utilization and remediation 
 * Analytics: Measurement, analysis, and reporting of risk measures, development
   of platforms and tools for risk calculation and visualization, and governance
   of data quality and completeness controls 
 * Governance & Reviews: Ongoing evaluation of compliance with key regulatory
   regimes, new activity impact assessments and approvals, engagement with key
   committees and governing bodies, and maintenance of key policies and
   procedures 
 * Risk Oversight: Monitor, govern, and challenge various liquidity and funding
   execution activities, including cash & collateral management, funds transfer
   pricing, balance sheet usage, liquidity and funding projections, and
   liability management Active and ongoing engagement with risk taking
   businesses to understand, monitor, and govern liquidity risk 
 * Direct engagement with Risk Leadership and global regulators regarding
   material risks, current risk exposures, and limits governance 

THE ROLE & RESPONSIBILITIES

 * Develop in-depth understanding of the firm’s liquidity risk under different
   scenarios, identify and challenge qualitative assumptions
 * Work closely with engineering teams to model liquidity risks under various
   stress scenarios; propose, calibrate, and implement appropriate assumptions 
 * Work closely with LR leadership to develop and implement comprehensive
   liquidity risk governance framework, 
 * Monitor liquidity risks for the European entities, understand and explain the
   liquidity risks to various stakeholders 
 * Liaise with the European regulators for matters related to liquidity risks,
   Engage periodically with regional regulators to explain the firm s risk
   posture, clarify rule interpretations, respond to analysis and data requests,
   and support advocacy discussions 
 * Work on the key regulatory initiatives such as ILAAP, contingency funding
   plan and recovery planning
 * Monitor limit utilization, breach remediation, and escalation workflow Engage
   directly with the risk taking businesses to understand strategy, assess new
   activities, enforce limits, comply with regulatory requirements, and
   challenge proposals 

EXPERIENCE & SKILLS REQUIRED

 * Strong academic background and quantitative skills
 * 3-5 years of experience in capital markets, preferably in Risk, Treasury,
   funding-related or regulatory functions 
 * Interest in financial markets and risk management, motivated by learning and
   continuous improvement 
 * Strong understanding of the European rules and regulations related to
   Liquidity, prior experience of dealing with regulators would be desirable
 * Ability to work independently, form own judgment/opinions, provide insights
   and drive change 
 * Proactive with strong analytical, interpersonal and communication skills and
   ability to build relationships remotely 
 * Strong verbal and written communication skills, German language skills would
   be desirable
 * Ability to interact with and build relationships with people from different
   departments and levels of seniority

 

ABOUT GOLDMAN SACHS

At Goldman Sachs, we commit our people, capital and ideas to help our clients,
shareholders and the communities we serve to grow. Founded in 1869, we are a
leading global investment banking, securities and investment management firm.
Headquartered in New York, we maintain offices around the world. 

We believe who you are makes you better at what you do. We're committed to
fostering and advancing diversity and inclusion in our own workplace and beyond
by ensuring every individual within our firm has a number of opportunities to
grow professionally and personally, from our training and development
opportunities and firmwide networks to benefits, wellness and personal finance
offerings and mindfulness programs. Learn more about our culture, benefits, and
people at GS.com/careers. 

We’re committed to finding reasonable accommodations for candidates with special
needs or disabilities during our recruiting process. Learn
more: https://www.goldmansachs.com/careers/footer/disability-statement.html

© The Goldman Sachs Group, Inc., 2021. All rights reserved.

Goldman Sachs is an equal employment/affirmative action employer
Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

We Offer Best-In-Class Benefits

Healthcare & Medical Insurance
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.

Holiday & Vacation Policies
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’ priorities.

Health Services
We 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.

Fitness
To 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 Care
We 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 Sachs
Read more about the full suite of class-leading benefits our firm has to offer.
Learn More
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