Liberal Arts Career Services
Liberal Arts Career Services

Goldman Sachs, 2015 Market Risk Management & Analysis Full-Time New Analyst Corporate Risk, Application Deadline, BTT Gateway Job ID 10134

Sun, March 29, 2015

Explore this position and apply via your BTT Gateway account, Job ID 10134, expires 3/29.

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management 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 London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world. 

The role will reside in the firm’s Market Risk Management and Analysis (MRMA) Department. The primary roles of the MRMA Department are to develop appropriate measures of market risk; to use these measures to monitor the market risk that The Goldman Sachs Group, Inc. and its affiliates (the "firm") is exposed to and to recommend to the Firmwide Risk Committee appropriate market-risk limits; to recommend policies and standards for model development, approval and control and to validate the firm’s valuation and risk models; and to report on market risk, including compliance with market-risk limits, to the firm’s senior managers and regulatory authorities. MRMA is also responsible for the calculation, analysis and reporting of market risk capital requirements for the firm and associated businesses. 

Position Description 

The Analyst will be a member of the Irving team of the Corporate Risk Group within MRMA. 

Corporate Risk focuses on the market risk capital requirements for the firm. The group is responsible for risk based market risk capital, attribution of capital to business units and empirical testing of the value-at-risk model used in capital calculations. Its mission is to help the firm manage its capital needs by analyzing capital at the entity and business unit levels and to satisfy regulatory requirements. It plays a crucial role in helping the firm maintain sufficient capital resources. The functioning of this process has an important impact on the firm's overall results.  

The group is a main point of contact with regulators and other external bodies such as the Basel Committee, rating agencies and industry organizations on market risk and capital issues. The Corporate Risk Group currently has teams in New York, London and Bangalore and is looking to expand with a team in Irving. 


• Responsible for performing the backtesting of VaR for various portfolios. 
• Perform empirical tests for the firm’s VaR model on portfolios with direct capital implications. 
• Perform analysis to facilitate the regulatory approval of Value-at-Risk based capital treatment. 
• Daily/weekly/monthly/quarterly monitoring and analysis of breaches across portfolios. 
• Escalate breaches to senior management across the firm accordingly. 
• Provide ongoing expert commentary on drivers of backtesting breaches. 
• Build relationships with other areas of the firm such as Controllers and the Front Office. 
• Maintain constant dialogue with other areas of MRMA including modeling and technology teams to understand changes and resolve issues. 

In performing his/her job functions, the Analyst will have the following opportunities: 

• Opportunities to learn - 
Broad exposure to risk and markets for many businesses and products 
• Challenging problems - 
Exposures to challenging problems such as the analysis of breaches and respective impacts for the firm. 
• Utilize finance/quant knowledge - 
Opportunities to utilize quantitative and programming skills as well as products and markets knowledge 
• Interaction with other groups - 
Opportunities to work with risk managers/analysts, traders/strategists, risk modelers, controllers, regulatory 
reporting professionals and others. 
• Team work environment - 
Dynamic team work environment, clear department goals, and access to senior department managers 

• Market risk experience a plus 
• Strong quantitative and analytical skills 
• Ability to work in close coordination with others as part of a team and interact directly with a wide group of professionals throughout the firm 
• Strong written and verbal communication skills 
• Highly motivated, self-starter who takes initiative 
• Experience and understanding of markets and different asset classes 
• Familiarity with derivatives, which constitute the greatest concentration of market risk, and market risk measures (e.g. VaR) 
• Strong Excel skills and programming experience 

Please note that we will only respond to those resumes for which we have an interest. Goldman Sachs is an Equal Employment Opportunity Employer and does not discriminate in employment on the basis of age, race, color, gender, national origin, disability, veteran status, or any other basis that is prohibited by applicable law.

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