Location
London

Hours
Full Time

Salary
Negotiable

About the Role
Goldman Sachs Asset Management is one of the world’s leading asset managers with over $3 trillion in assets under supervision. As the primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors, and individuals. Our team invests in corporate equity and debt, real estate equity and debt, and infrastructure-related assets and companies. Operating on a global platform, Asset & Wealth Management offers a fast-paced and dynamic environment.

Within Asset & Wealth Management, the Risk Management function enables the division to responsibly execute strategic initiatives at regional and global levels by managing financial and non-financial risks through a global risk management framework. The function also drives returns through capital and workflow efficiency initiatives and serves as a key contact for funds, legal entity boards, and regulators.

As a risk manager within Asset Management Alternatives, you will proactively manage financial and non-financial risk through portfolio monitoring, market observations, and process oversight. This independent risk team develops and enforces the risk management framework. The role focuses on Credit Risk Management within the Asset Management Alternatives business, emphasizing credit risk related to loan underwriting across various asset classes.

The position involves a balanced focus on qualitative and quantitative risk management activities: executing, improving, and developing risk reporting, analytics, and stress-testing, alongside qualitative credit risk and credit rating assessments, particularly in structured asset-backed finance and trade receivable loans.

The successful candidate will understand various financial markets and products, raise issues or concerns with integrity, attention to detail, motivation, and a client-focused mindset. Collaboration with investment teams and control functions across the firm is essential.

Key Responsibilities
- Monitor risk usage, emerging risks, and risk metrics against thresholds and perform analytics as needed
- Engage with the business to understand and mitigate risk, escalating to senior management when appropriate
- Collaborate with portfolio management, investment teams, and second line risk teams to monitor risk usage and emerging risks
- Conduct deep-dive analysis on emerging risk areas and assess impacts at transaction and portfolio levels
- Prepare, execute, improve, and develop periodic risk data, reporting, analysis, stress testing, and presentations
- Perform collateral and amendment monitoring, oversee credit ratings framework, and conduct periodic rating assignments and updates
- Conduct industry, sector, and country research and trend analysis
- Support risk reporting including regulatory deliverables and committee and board reports
- Develop and implement risk oversight for Investment Grade Private Credit and Asset Finance business, including policies and procedures
- Contribute to risk transparency and the risk management framework, including limits and thresholds, and collaborate with engineering to enhance risk tools
- Assess and highlight risks of new products and businesses within the Alternatives business

Experience
- Bachelor’s degree
- 2-4 years of financial services experience related to risk management, portfolio management, or trading at an asset manager or bank
- Proven knowledge of quantitative analysis, modelling, and basic statistics (volatility and distributions)
- Strong skills in processing, structuring, and analysing large, complex data sets (quantitative and qualitative)
- Familiarity with risk methodologies (stress testing, sensitivities, limits) and financial risk metrics (duration, ratings, liquidity)
- Good understanding of financial reporting and accounting standards (Balance Sheet, P&L, Cashflow) with an affinity for financial modelling of projections
- Ability to research, analyse, challenge business cases, perform SWOT analyses, identify and quantify financial risks, and propose mitigants

Preferred Experience
- Advanced Excel (including VBA) and database/data analysis tools (SQL, Power BI, data architecture and governance)
- Underwriting, structuring, credit risk, credit ratings/models, asset-backed financing (ABS, CLO, Collateral, SPVs)
- Working knowledge of US GAAP

About You
- Strong conceptual and analytical thinker able to separate facts from assumptions, see the bigger picture, identify scenarios, and assess probabilities and impacts
- Highly organized, disciplined, diligent, detail-oriented, and proactive
- Excellent planning, prioritizing, and time management skills under tight deadlines
- Strong interpersonal and communication skills, both oral and written, with a client-focused and relationship-oriented approach
- Ability to work independently within a small team and thrive in a fast-paced, high-energy environment