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Associate in GBM Prime Services – risk & underwriting. Bengaluru.
Join Goldman Sachs to analyze global client portfolios and enhance risk methodologies.
FICC & EQUITIES
We make markets in and clear client transactions on major stock, options and futures exchanges worldwide. Through our global sales force, we maintain relationships with our clients, receiving orders and distributing investment research, trading ideas, market information and analysis.
The Prime Services Group within the GBM segment provides a broad range of specialized services to hedge funds, market makers, agency brokers, proprietary trading groups and institutional clients. These broadly cover margin financing, securities lending, custody & settlement, risk management, execution and clearing services (cash and derivatives), capital introduction, consulting services, corporate action management, and accounting and portfolio analytics.
The PB Risk & Underwriting team is responsible for end-of-day and intraday risk management of client portfolios. The Risk team maintains proprietary stress methodologies that govern the margin posted by clients or helps to set risk appetite at overall Beneficiary level. The risk team also runs several risk control processes for timely identification and escalation of client portfolios flagging for specific risks and prepares regular updates for senior management. For centrally cleared products (listed and OTC), the Risk team also reviews exchange margin methodologies on a regular basis and regularly engages with Exchanges, regulatory bodies and industry associations in advocacy efforts to ensure exchange models are robust.
The successful candidate will join a team with global responsibilities - located in Bangalore office - that will work closely with New York, London and Hong Kong counterparts on the day-to-day control, analysis and risk management of global clients, as well as the evaluation of new client prospects. An important element of the role will also be the provision of analytical support required for the purposes of the development of new risk methodologies and bespoke client offerings, or the re-evaluation of existing ones.
With time, the successful candidate will acquire expertise and know-how of market and credit risk management theory and best practices, technical knowledge across all asset classes, and other areas related to the Prime Services business areas.
Responsibilities
- Work with regional risk managers on the daily margin call analysis, risk processes and communication, including ad-hoc focus risk reporting.
- Contribute to product development and improving the scalability of bespoke offerings
- Portfolio risk analyses and deep dives based on internally designed risk metrics.
- Conduct ongoing monitoring of trades, portfolios and control processes for timely identification and escalation post-execution
- Work closely with members of the team across risk functions – including 2nd LOD Risk for eg. Credit and Model Risk in performing risk management of exposures to counterparties in the Prime Services business
- Testing adequacy of in-house as well as regulatory/exchange margin methodologies in the context of financial markets.
Requirements
- 3+ years of relevant work experience in Prime Brokerage, capital markets, market risk, credit risk & underwriting, corporate finance or consulting
- Strong technical and quantitative capabilities required. Excellent analytical skills and attention to detail.
- Understanding of financial products (Equities, Credit, Convertible Bonds, Commodities, FX, Futures and Options)
- Highly motivated, entrepreneurial, and team oriented. Passion for solving large scale problems
- Excellent communication skills, written as well as verbal – be able to articulate and present to senior management.
- Ability to multi-task across various projects under tight deadlines and perform each at a high level
- Experience / interest in software/ programming will be valuable.
About Goldman Sachs
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