Risk - Liquidity Risk Management and Analysis - Associate - London

  • Competitive
  • London, England, United Kingdom London England GB
  • Permanent, Full time
  • Goldman Sachs International
  • 17 Mar 18 2018-03-17

See job description for details

MORE ABOUT THIS JOB Application Opening Date: 08 March 2018
Application Closing Date:
04 April 2018
Full time


Liquidity Risk Management & Analysis (LRMA) 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 engagement 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


- 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 discussion


- Strong academic background with Bachelors level or equivalent in a quantitative discipline required
- Financial services/investment banking industry experience required
- Strong experience with risk management/assessment required
- Experience in quantitative modeling, documentation, reporting and regulatory and governance processes required
- Project management experience, cash, trade reconciliations, NAV and P&L reporting experience required
- Experience in performing stress tests, liquidity risk framework, coordinating work groups, forecasting and cost analysis required
- 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.