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Risk, Liquidity Risk, Associate, Tokyo

Company: Goldman Sachs Group, Inc.
Location: New York
Posted on: March 20, 2023

Job Description:

Risk, Liquidity Risk, Associate, Tokyo -"Job Details" Job Identification 108395 Job Category Associate Locations Posting Date 02/08/2023, 01:43AM Job Description FINANCE RISK JOB DESCRIPTION RISK The mission of Risk Division is to effectively identify, monitor, evaluate and manage the firm's financial and operational risks (including reputation risk) in support of the firm's strategic plan, and in a manner consistent with the objectives set out in the firm's Board-approved Risk Appetite Statement. Through comprehensive processes, which include critical analysis, evaluating stress scenarios, dynamically managing risk, and prudently balancing risk and reward, the Risk Division plays a critical 2nd line of defense role. RESPONSIBILITIES AND QUALIFICATIONS FINANCE RISK (FR) Finance Risk is the independent risk management function responsible for identifying, quantifying, and managing the liquidity risk, capital risk and interest rates risk of the firm. We work closely with Corporate Treasury, Controllers, Operations, Revenue Divisions, 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 Appetite & Limit Setting: Setting finance risk appetite, calibration of risk limits, sign-off on limits frameworks, and ongoing monitoring of limit utilization and remediation
  • 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 Job Summary & Responsibilities
    • Engage directly with the risk taking businesses to understand strategy, assess new activities, enforce limits, comply with regulatory requirements, and challenge desk proposals
    • Direct engagement with the Chief Risk Officer and global regulators regarding material risks, current risk exposures, and limits governance
    • Monitor risk taking and limit utilization; engage in breach remediation, and escalation workflow, propose appropriate risk treatment across internal stress testing and regulatory reporting requirements for existing and new business activities
    • Work with engineering teams to model liquidity risks under various stress scenarios; propose, calibrate, and implement appropriate assumptions Skills / Expertise
      • Strong academic background and quantitative skills
      • Japanese language proficiency is a must, as the role involves regular and ad-hoc engagement with the Japanese regulators
      • Prior experience in financial industry across Treasury, Finance, Risk functions is preferred
      • Prior experience of working closely with global regulators is a plus
      • 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
      • 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 The Operational Risk Management and Analysis Department, an independent risk management function as part of the Risk Division, is responsible for developing and implementing a standardized framework to identify, measure and monitor operational risks across the firm.The role is for a professional with deep subject matter expertise dedicated to actively employing and strengthening the components of the firm's operational risk management framework. The Risk Division, as second line of defense for the firm, identifies, anticipates, measures and mitigates - whenever appropriate - the diverse array of risks that the firm faces in serving clients and operating its global businesses. Risk professionals focus on giving the firm clarity on the risk profile of our activities and devise strategies to protect the firm's ability to serve our clients as a leader in global financial markets. Goldman Sachs Internal Audit comprises individuals from diverse backgrounds including chartered accountants, developers, risk management professionals, cybersecurity professionals, and data scientists. We are organized into global teams comprising business and technology auditors to cover all the firm's businesses and functions, including global markets, investment banking, asset management, consumer and wealth management, risk management, finance, cyber-security and technology risk, and engineering. Operations is a dynamic, multi-faceted division that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.

Keywords: Goldman Sachs Group, Inc., New York , Risk, Liquidity Risk, Associate, Tokyo, Accounting, Auditing , New York, New York

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