Vice President with Goldman, Sachs & Co. LLC in New York, NY.
Work Schedule: 40 hours per week (9:00 a.m. to 6:00 p.m.)
Duties: Vice President with Goldman, Sachs & Co. LLC in New York, NY. Vice President in the liquidity risk business unit. Responsible for identifying, quantifying, and managing the liquidity risk for Goldman Sachs Asset Management (GSAM) business. Responsible for working closely with portfolio managers, controllers, corporate treasury, operations, and the broader risk organization to provide independent risk assessment and oversight of the GSAM’s liquidity risk taking. Responsibilities include: Identify, quantify, and manage liquidity risk for separate accounts, mutual funds and hedge funds within GSAM business. Calculate and monitor contractual/market contingent liquidity risk for accounts from derivative and secured funding positions, and determines liquidity thresholds that an account needs to hold in cash/cash equivalent to meet potential liabilities. Model and monitor investor behavioral liquidity risk including assessing asset liquidity profile, liability structure (e.g. redemption features) and performance of each fund under a variety of scenarios, and determine the liquidation time horizon for positions held in accounts. Perform on-going evaluation of existing model assumptions and develop holistic stress testing models. Set appropriate thresholds based on risk appetite and establish standards, governance, and escalation processes for appropriate liquidity risk measurement. Work closely with controllers, corporate treasury, operations, and portfolio managers to provide independent risk assessment and oversight of the investment management division’s liquidity risk taking. Liaise with other risk stripes (credit, market, operations) to take advantage of synergies in thought, analysis, and data. Perform market and data analysis to come up with views on market’s impact on accounts’ liquidity risk. Manage and train junior team members.
Job Requirements: Bachelor’s degree (US or foreign equivalent) in Economics, Math, Finance and/or Accounting. Five (5) years of experience in the job offered or a related role. Must have five (5) years of experience with: Applying financial risk management and assessment; Investment management business; Performance oversight and cash flow monitoring for separate accounts, mutual funds and hedge funds; Securities and derivative products including swaps, futures, forwards, exchanged traded funds, and/or foreign currencies; Performing quantitative analytical review of account cash flow activity and performance including identifying erroneous accounting entries for cash flow transactions and incorrect pricing or foreign exchange rates; Identifying accounting and auditing issues and performing research to solve issues that arose; Providing recommendations for improved controls and enhanced business efficiency; Generating, calculating and reviewing performance including geometrically linked returns and annualized returns against benchmarks, targets and estimates along with analysis of variances; Performing market and data analysis, coordinating working groups, producing and sharing commentary around significant account P&L and market impacts with portfolio managers and senior management.
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.
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