Risk, Enterprise Risk: Sovereign and Economic Risk, Analyst, Dallas

Position description

The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.

 

RESPONSIBILITIES AND QUALIFICATIONS

 

The 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 by understanding and analysing 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, the team sets concentration limits for the firm on aggregate Credit and Market Risk at the country and regional level. In addition, SERG is also 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 implications of transactions and on managing their relationship with the rating agencies more broadly.

 

SERG is staffed globally with offices in New York, Dallas, London, and Hong Kong. The team has been structured to work closely with almost every division at the firm, allowing its professionals to gain diverse financial experience and a broad perspective on how Goldman Sachs functions as a whole. Its unique position keeps SERG at the forefront of the firm's strategic developments.

 

RESPONSIBILITIES

• Assess the economic, financial, political and social dynamics in countries where the firm takes risk, with a particular focus on the Latin America region.
• Provide inputs for economic forecasting and review of macro downside risks, particularly in Latin American countries.
• Provide inputs, analysis and advice for senior risk managers.
• Lead regional and global sovereign risk surveillance efforts, including delivery and preparation of presentation materials on topical macro issues.
• Support with designing and running stress tests.
• Analyse the risks inherent in the products the firm trades and understand their impact at the portfolio level

QUALIFICATIONS

• Two or more years of experience in relevant country risk role.
• Preference for graduate degree in economics, economic policy, finance and/or international relations, with very strong macroeconomics competency.
• Expertise in sovereign credit analysis, with particular focus on macroeconomic, political, financial and social factors.
• Familiarity with rating agencies’ sovereign rating methodologies.
• Excellent quantitative skills, including ability to work with large databases and knowledge of statistical analysis.
• Strong organizational skills and the ability to manage multiple assignments concurrently.
• Excellent written and spoken communication skills.
• Ability to work and make decisions independently
• Proficiency in Spanish and/or Portuguese is a plus

 

ABOUT GOLDMAN SACHS

 

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. 

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