Risk, Liquidity Risk, Associate - Salt

Risk, Liquidity Risk, Associate - Salt Lake City Location(s)US-UT-Salt Lake City Job ID2020-67462 Schedule TypeFull Time LevelAssociate Function(s)General Region Americas DivisionRisk Business Unit Liquidity Risk Employment TypeEmployee MORE ABOUT THIS JOB RISKOur Risk division develops comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities, lead projects and contribute to the ongoing advancement of a robust risk management program. Effective coordination with executive management, business units, control departments and technology is critical for success. RESPONSIBILITIES AND QUALIFICATIONS LIQUIDITY RISK (LR)Liquidity Risk 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, and 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 and 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 and 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 governanceRESPONSIBILITIES AND QUALIFICATIONSJob Summary and Responsibilities Work closely with LR leadership to develop and implement comprehensive liquidity risk governance frameworks 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 discussionsSkills - Expertise 0-4 years of experience in capital markets, preferably in Risk, Treasury, funding-related or regulatory functions Interest in financial markets and risk management, For full info follow application link.The Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment-affirmative action employer Female-Minority-Disability-Vet.