Sovereign and Economic Risk Group (SERG) is part of the Risk Division of Goldman Sachs and is responsible for assessing, monitoring and managing sovereign and country risk at the firm by understanding and analyzing the countries where the Firm takes risk.
SERG leverages its extensive expertise in economics, politics, and financial markets to identify global risks to the firm. Based on its assessments SERG sets concentration limits for the Firm on aggregate Credit and Market Risk at the country and regional level. In addition, SERG is responsible for designing and executing global and country-specific scenarios and stress tests, which complement the Firm’s day-to-day risk management activities. As part of that effort, the team develops global macroeconomic forecasts used by the Risk Division for stress testing and planning purposes. Finally, SERG is responsible for credit rating advisory for governments and government-related clients, whom we advise on the rating implication of transactions and on managing their relationship with the rating agencies more generally.
SERG is staffed globally with offices in New York, London, and Hong Kong. SERG has been structured to work closely with almost every division of the firm, allowing its professionals to gain diverse financial experience and a broad perspective on how the firm functions as a whole. Its unique position keeps SERG at the forefront of the firm's strategic developments, and the interaction with numerous divisions.
SOVEREIGN RISK ANALYST RESPONSIBILITIES
Country Analysis and Stress Testing:
• Assess the economic, financial, political and social dynamics in countries where the Firm takes risk.
• Support regional and global sovereign risk surveillance efforts, including preparation of presentations materials on topical macro issues
• Support with designing and running stress tests
• Provide inputs, analysis and advice for senior risk managers
• Analyze the risks inherent in the products the firm trades and understand their impact at the portfolio level
• Excellent quantitative skills, including ability to work with large databases and knowledge of statistical analysis
• Undergraduate in economics and/or international relations
• Expertise in sovereign credit analysis, with particular focus on macroeconomic, political, financial and social factors.
• Strong organizational skills and the ability to manage multiple assignments concurrently
• Excellent written and spoken communication skills
• Ability to work and make decisions independently
• Fluency in English is required; Spanish or Portuguese is helpful but not required
• Advanced degree in economics, finance, international relations, or a related field is helpful but not required
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