Risk, Credit Risk, Associate, London

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.

Division/Business

Credit Risk works closely with the CRO / senior management to manage Goldman Sachs’ credit risk. Credit professionals protect the firm’s capital by using in-depth knowledge of our clients, markets, and trading products to make decisions on acceptable level of firm’s risk appetite. Staffed with 300 professionals, Credit Risk operates through 11 different offices around the world. Credit Risk provides a unique opportunity to develop a variety of professional skills and expertise in risk management while working on financial transactions.

COUNTERPARTY CREDIT RISK

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. 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.

This business is ideal for collaborative individuals who have strong ethics and attention to detail. 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 ROLE & RESPONSIBILITIES

Assessing the financial strength of counterparties through counterparty due diligence, financial analysis, and market analysis; and summarizing your views to formulate risk rating recommendations.
Setting credit exposure appetite across trading products utilizing internal exposure methodologies.
Developing a good high level working knowledge of methods used to model and monitor credit risk across various products. Leveraging the knowledge to assess transaction and portfolio-level risk of counterparties.
Work in collaboration with other divisions (such as Sales, Trading, Legal, Client Onboarding).
Analysing potential exposure and approving collateral levels .
Taking a broad view of risks and escalating material issues to seniors.
Involvement in multiple projects (with strong cooperation with other teams and divisions, as well as regions);
Active engagement in the negotiation of trading documentation to ensure adequate risk mitigants are in place.
EXPERIENCE & SKILLS REQUIRED

3 years+ Credit risk management experience
Strong knowledge of financial markets
Understanding of various derivatives
Familiarity with macroeconomics and the latest global trends
Interest in Fund industry
Interest in Corporate or Banking industry would be an asset
Python experience would be an asset
Good knowledge of Microsoft Excel, and PowerPoint
Ability to perform under pressure
Intellectual curiosity and self-motivation
Fluent English is a must (additional language would be an asset)
Strong interest in client interaction and relationship management.

United Kingdom
England
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