• Risk, Liquidity Risk Manager, Associate/Vice President, London

    Location(s) UK-London
    Job ID
    2018-43358
    Schedule Type
    Full Time
    Level
    Vice President/Executive Director
    Function(s)
    Risk Management
    Region
    EMEA
    Division
    Risk
    Business Unit
    Liquidity Risk Mgmt & Analysis
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    RISK

    The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.

    RESPONSIBILITIES AND QUALIFICATIONS

    LIQUIDITY RISK MANAGEMENT & ANALYSIS (LRMA)

     

    Liquidity Risk Management & Analysis is the independent risk management function responsible for identifying, quantifying, and managing the liquidity risk of the firm.  We work closely with Corporate Treasury, Controllers, Operations, Securities Division, and the broader Risk organization to provide independent risk assessment and oversight of the firm’s liquidity risk taking.  Key functions include:

     

    Stress Testing: Methodology development, model creation and governance, assumption review and approval, and risk measurement

     

    Regulatory Stress Metrics, Liaison, & Advocacy: Calculation and disclosure of key regulatory stress metrics, guidance and rule interpretation, engagement with global regulators, and policy advocacy

     

    Risk Limit Governance: Setting liquidity risk appetite, calibration of risk limits, sign-off on limits frameworks, and ongoing monitoring of limit utilization and remediation

     

    Analytics: Measurement, analysis, and reporting of risk measures, development of platforms and tools for risk calculation and visualization, and governance of data quality and

    completeness controls

     

    Governance & Reviews: Ongoing evaluation of compliance with key regulatory regimes, new activity impact assessments and approvals, engagement with key committees and governing bodies, and maintenance of key policies and procedures

     

    Risk Oversight: Monitor, govern, and challenge various liquidity and funding execution activities, including cash & collateral management, funds transfer pricing, balance sheet usage, liquidity and funding projections, and liability management

     

    Active and ongoing engagements with risk taking businesses to understand, monitor, and govern liquidity risk

     

    Direct engagement with the Chief Risk Officer and global regulators regarding material risks, current risk exposures, and limits governance

     

    Job Summary & Responsibilities

     

    Work closely with LRMA leadership to develop and implement comprehensive liquidity risk governance frameworks

     

    Quantify internal and regulatory stress metrics and prepare associated reporting

     

    Monitor limit utilization, breach remediation, and escalation workflow

     

    Work closely with engineering teams to model liquidity risks under various stress scenarios; propose, calibrate, and implement appropriate assumptions

     

    Engage directly with the risk taking businesses to understand strategy, assess new activities, enforce limits, comply with regulatory requirements, and challenge proposals

     

    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

     

    Skills / Expertise

     

    Experience in capital markets, preferably in Risk, Treasury, funding-related or regulatory functions

     

    Strong academic background and quantitative skills

     

    Technology aptitude and programming skills are a plus, as well as familiarity with risk systems

     

    Interest in financial markets and risk management, motivated by learning and continuous improvement

     

    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

     

    Ability to interact with and build relationships with people from different departments and levels of seniority

    ABOUT GOLDMAN SACHS

    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 individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

    © The Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.