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Risk, Liquidity Risk, Associate, Frankfurt

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Goldman Sachs

Feb 3

Applications are closed

  • Job
    Full-time
    Mid & Senior Level
  • Banking & Finance
  • Frankfurt

Requirements

  • 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

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

FAQs

What is the primary responsibility of the Liquidity Risk team at Goldman Sachs?

The Liquidity Risk team is responsible for identifying, quantifying, and managing the liquidity risk of the firm.

What kind of experience is required for the Risk, Liquidity Risk, Associate position?

Candidates should have 3-5 years of experience in capital markets, preferably in Risk, Treasury, funding-related or regulatory functions.

Is knowledge of European regulations necessary for this role?

Yes, a strong understanding of European rules and regulations related to liquidity is essential, and prior experience dealing with regulators is desirable.

What skills are emphasized for this position?

The role requires strong analytical, interpersonal, and communication skills, with the ability to build relationships and provide insights independently.

Will I interact with regulators in this role?

Yes, there will be direct engagement with European regulators regarding liquidity risks and risk posture.

Are German language skills required for this position?

While not mandatory, German language skills are desirable for this role.

What types of analytical work will be involved?

The associate will be involved in stress testing, risk measurement, and the development of platforms for risk calculation and visualization.

Does this position involve collaboration with other departments?

Yes, the role requires active engagement with various departments including Corporate Treasury, Controllers, and Operations.

What is the career growth perspective within the Risk Division?

Goldman Sachs is committed to professional growth through training and development opportunities, allowing for career advancement within the Risk Division.

Does Goldman Sachs promote diversity and inclusion in its workplace?

Yes, Goldman Sachs is committed to fostering and advancing diversity and inclusion, providing opportunities for growth and support for all employees.

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Goldman Sachs

Finance
Industry
10,001+
Employees
1869
Founded Year

Mission & Purpose

Goldman Sachs is a global investment banking, securities, and investment management firm. They offer a range of financial services to corporations, financial institutions, governments, and individuals. Goldman Sachs' primary activities include investment banking, asset management, securities trading, and providing advisory services. Their ultimate mission is to be a leading global financial institution, providing superior financial expertise and solutions to their clients. The purpose of Goldman Sachs is to help their clients achieve their financial goals, manage risk, and navigate complex markets. They aim to drive economic growth, foster innovation, and create long-term value for their clients, shareholders, and the communities they operate in. Goldman Sachs is committed to upholding the highest standards of integrity, professionalism, and client service, serving as a trusted partner and advisor in the world of finance.

Culture & Values

  • Partnership

    We prioritize collaboration and believe in the strength of the collective, creating a culture that fosters teamwork and belonging in the pursuit of professional and personal growth.

  • Client Service

    We lead with a service mindset, working to earn our clients’ trust and exceed their expectations by understanding and overdelivering on their goals.

  • Integrity

    We hold ourselves accountable to the highest ethical standards, insisting on transparency and vigilance from our people as we learn from our experiences and make decisions that instill a sense of pride in our firm.

  • Excellence

    We aspire to nothing less than excellence, striving for exceptional performance and superior results for our clients, our shareholders, and our communities.

Benefits

  • Holiday and Vacation Policies

    We offer competitive vacation policies based on employee level and office location. This is in addition to any number of statutory and public holidays as determined by each office. 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

    The firm provides a number of resources and offerings designed to help our employees achieve their personal financial goals. 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 — from buying a home, to navigating market volatility and investments, legacy and estate planning, tax strategies, and will preparation.

  • 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.

  • Childcare / Family Care

    In some offices, 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.

  • Flexible Working

    Based on manager approval, the following arrangements may be available to help employees meet their personal and family responsibilities: part-time schedules, job sharing, telecommuting, and alternate hours.