Liberal Arts Career Services
Liberal Arts Career Services

Goldman Sachs, 2015 Finance MRMA – Market Risk Infrastructure Summer Analyst, Application Deadline, BTT Gateway ID 9225

Sun, October 19, 2014

GOLDMAN SACHS FIRM OVERVIEW 
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. 

LOCATION 
Irving, TX 

DEPARTMENT OVERVIEW 
The Market Risk Management & Analysis ("MRMA") department measures, monitors and analyzes the market risk of the firm globally. We play a key role in the risk/reward decision making process of the Firmwide Risk Committee and measure the losses that the firm would experience under a variety of normal and extreme market conditions, across asset classes and for all our trading desks globally. We also verify and approve valuation and risk models and advise on the modeling of complex trades, while also working to report market risk information to external bodies and participate in evaluating and introducing new products and business. 

POSITION DESCRIPTION 
The Market Risk Infrastructure ("MRI") team is responsible for the oversight and controls of the firm’s market risk measurement platform and infrastructure, including ensuring integrity of our risk measurement production, the quality of time series data and published risk measures. It plays a crucial role in helping the firm to maintain a controlled environment while meeting ever-changing risk measurement requirements. 

The group works closely with all teams within Market Risk, as well as Controllers, Regulatory Reporting and Technology. MRI currently has teams in Bangalore, Dallas and New York. 

We are looking for a summer analyst to join our Dallas team and to be part of an extremely relevant, fast paced and growing organization. 

RESPONSIBILITIES 
• Verify all reported risk metrics, including Value-at-Risk (VaR) and stress tests, for select business lines and products. 
• Ensure accuracy of MRMA’s risk allocation environment, including a daily review of risk account capture, treatment and aggregation methodology. 
• Review and escalate all violations of Risk Committee limits to senior management, covering various risk categories, such as GS Group, specific businesses, products and countries. 
• Report risk for various GS legal entities, generating risk reporting packages for multiple Risk Committees and external regulatory agencies. 
• Manage daily escalation processes for all risk model calculation adjustments. 
• Cover reporting for MRMA’s Jump To Default risk, working closely with Credit Risk management to ensure completeness. 
• Participate in various ad-hoc internal and external requests from a variety of areas, as well as work on strategically focused department-wide projects. 

Qualifications 
• Strong process engineering and improvement skills 
• Quantitative, analytical and able to think through and learn about risk measurement processes
• Critical and objective thinker, able to think through processes and workflows 
• Work effectively in a team setting and able to work well under pressure 
• Strong written and verbal communication skills 
• Proactive and able to work independently by taking ownership and initiative on projects/tasks 
• Able to present/communicate effectively and confidentially work with senior management

 

 

BTT Gateway ID 9225 

Bookmark and Share


  •   Map
  • Liberal Arts Career Services

    University of Texas at Austin
    FAC 18
    2304 Whitis Ave. Stop G6200
    Austin, Texas 78712-1508
    512-471-7900