Divisional Overview
The Risk Division is a team of specialists charged with managing the firm’s credit, market, liquidity, operational and insurance 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.
Department Overview
Credit Risk (CR) is responsible for managing the firm’s credit exposure to its trading and lending counterparties. Leveraging its extensive expertise in financial, credit and risk analysis, CR ensures that credit exposure to our counterparts is managed within the firm’s risk appetite. Staffed with more than 270 professionals, CR operates through 12 different offices around the world and credit professionals work closely with many areas of the firm. Given this structure, CR professionals gain diverse financial experience and a broad perspective on how the entire firm functions. The interaction with numerous departments and the range of projects that ensue allow for a challenging, varied and multi-dimensional work environment
How You Will Fulfill Your Potential
- Provide credit risk management coverage of a portfolio of clients in the APAC Financial Institutions space (banks, brokers, insurance companies etc)
- Assess the business and financial strength of the firm’s trading counterparts to determine acceptable levels of credit exposure and monitor internal credit ratings
- Perform counterparty reviews, including recommending appropriate internal risk rating for each counterparty and setting credit limits
- Approve transactions and opine on risk mitigation for products (fixed income funding, equity derivatives, prime brokerage, swaps, etc) based on counterparty and trade details. Hold risk conversation with respective sales and trading teams
- Monitor credit trends in the portfolio, proactively raising and addressing potential issues
- Coordinate with Sales & Trading, Investment Banking/Capital Markets, Legal and Operations departments to review business and ensure appropriate documentation, limits and risk mitigants
- Represent credit views in risk committees
- Develop and manage relationships with colleagues from the broader risk division as well as with other areas of the firm
Skills & Experience We're Looking For
- 2-4 years of experience in financial institutions credit analysis, across lending and derivatives products
- Must demonstrate track record of independent decision-making and the ability to steer client and business negotiations
- Strong analytical skills with ability to rapidly grasp the mechanics of various financial products required
- Experience of supporting change initiatives required
- Must have strong interpersonal skills and self-motivation
- Ability to communicate at senior level
- Experience of collaborating with various internal teams e.g. Legal, Research etc.
- Must be able to supervise, motivate and provide guidance to juniors on the team
COMPETENCIES
- Functional Expertise and Technical Skills – Knowledge of financial markets, risk analysis and current risk management practices as well as strong technical skills required for the role. Values attention to details, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills
- Client and Business Focus - Builds trusting, long-term relationships with clients, helps the client to identify/define needs and manages client/business expectations
- Teamwork – Gives evidence of being a strong team player, collaborates with others within and across teams
- Communication Skills - Communicates in a clear and concise manner, shares information/new ideas with peer group and team, while demonstrating judgment to escalate as appropriate
- Judgment and Problem Solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyzes complex issues
- Creativity and Influence- Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value
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
