Enterprise Risk, Strategic Risk and Stress Testing, Vice President

Location: New York

Job Summary 

Goldman Sachs is a leading global financial institution that delivers a broad range of financial services to a large 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 Risk division identifies, assesses, and manages financial and non-financial risks in support of the firm’s risk appetite statement and strategic plan. The Enterprise Risk (ER) department manages a range of pan-Risk capabilities to ensure that Risk and divisional leadership have a comprehensive and aggregate view of the firm’s risk profile to facilitate strategic planning and risk decision making. 

Within ER, the Strategic Risk and Stress Testing team is responsible for the development and execution of the firm’s strategic risk capability as well as managing the design and execution of regulatory and internal stress testing across the division.

Operating in a fast paced and dynamic environment, Risk teams are analytically curious, have an aptitude for challenge, and an unwavering commitment to excellence. Effective collaboration with executive management, business units and control departments is critical for success.

 

Key Responsibilities:

Understand, execute and enhance the firm’s strategic risk capability including framework development, collaboration with the executive office, business units and control departmentsDevelop and socialize analysis of the firm’s strategic plan, linking it’s execution with impacts to financial (market, credit, liquidity) as well as non-financial (operational, compliance) risks to the firmSocialize where execution of strategy could exceed appetite for the above risks and develop mitigants, analysis supporting an increase in appetite, or change in strategyDevelop risk metrics and alerts in order to monitor the execution and performance of the firm’s strategy, escalating and remediating any overages on an ongoing basisUnderstand, execute and enhance regulatory and internal stress testing as well as related capital planning, risk appetite and limit analysisFacilitate CCAR and internal stress tests across the Risk division, including developing plan, timelines, leading review and challenge sessions, writing and presenting pan-risk analysis of results, key assumptions and committee materialsCollaborate on the development of capital management policies relating risk, limits and capital through stress testingDevelop commercial ad-hoc analysis leveraging strategy and stress testing expertise

 

Experience/skills required:

6yrs+ the Financial Services, Banking or Consulting industryExperience in Strategic Risk, Stress Testing & Capital or Firmwide Strategy preferredMaster’s degree in Enterprise Risk a plusGood understanding of the various financial and non-financial risk disciplinesGood understanding of financial markets and productsExceptional verbal, written and interpersonal communication skillsAttention to detail, project management, and prioritization skillsStrong proficiency in Excel and PowerPoint is requiredData management and visualization experience (e.g. Tableau) a plusProgramming experience (e.g. Python) in workflow automation a plus   ABOUT GOLDMAN SACHS   At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. 
  We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.    We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html   © The Goldman Sachs Group, Inc., 2023. All rights reserved. Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity
 

Salary Range 
The expected base salary for this New York, New York, United States-based position is $130000-$260000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits 
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.