Risk, Market Risk (Equity Derivatives), Vice President, New York

Vice President - Market Risk

Location: New York

We are looking for a professional to join the second line of defense Market Risk group as a Market Risk VP in New York covering Americas Equity Derivatives (Exotics, Flow, Strategic/Corporate).

The Risk Division is responsible for independent review of market, credit, operational, model, and liquidity risk throughout the firm as well as enterprise-wide stress testing. Market Risk is a department within the Risk Division that facilitates effective deployment of risk appetite, prudent risk management, and regulatory compliance for the Firm's market risks. The group acts as a key stakeholder in ensuring that the firm's business plans are within its market risk appetite and engages directly with businesses on the review and challenge of risk management actions. The group also plays a key role in keeping the Board of Directors apprised of the firm's market risk profile. This is achieved by using a suite of risk measures, proactive application of expert judgement, and limit setting. Activities are centered on risk management and analysis, transparency and escalation of risk, supervision, and overall process improvement.

KEY RESPONSIBILITIES

• Ongoing review of risk measures (greeks, stress tests, VaR) and interaction with 1st line risk takers
• Evaluate and challenge risk taking behavior and influence outcomes through portfolio and transaction level risk analysis taking into consideration risk appetite
• Collaboration with Risk Engineering colleagues on the development of new risk measures / stress tests and improvements to existing measures
• Proactive identification of emerging risks (e.g., portfolio concentrations, unhedged risks, illiquidity pockets)
• Risk appetite sizing, limit and threshold setting
• Connect events (e.g., macroeconomic data releases, political elections) to potential portfolio vulnerabilities
• Dissemination of information and education of stakeholders through effective and timely communication and collaboration
• Communication with senior management and regulators
• Work collaboratively across functions to deliver on regulatory obligations

QUALIFICATIONS

• 7 plus years of experience in market risk or similar role with transferable skills, with at least four years covering equity derivatives
• Strong academic record with Bachelor's degree, equivalent or above in Engineering, Mathematics or a related quantitative/analytical discipline preferred
• Deep understanding of equity exotic and flow products including their risk/reward tradeoffs with focus on Equities
• Highly tech literate, with ability to pick up in-house systems and code.
• Proven problem-solving ability and control mindset
• Able to analyze and challenge risk taking activities while engaging effectively with first line of defense
• Proficiency in communicating complex information and concepts in layperson terms directly with senior management and other relevant stakeholders (both written and verbal)
• Understanding of market risk measures, concepts, and regulatory rules: VaR, stress testing, greeks, Volcker rule, CCAR

**We Offer Best-In-Class Benefits**

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

Holiday & Vacation Policies

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.

Opportunity Overview

CORPORATE TITLE

Vice President

OFFICE LOCATION(S)

New York

JOB FUNCTION

Market Risk

DIVISION

Risk Division

SALARY RANGE

USD 130,000 - 260,000