Vice President - Liquidity Risk Management

Risk-Liquidity Risk-Vice President-Bengaluru

RISK - FINANCE RISK

The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm. The mission of Risk Division is to effectively identify, monitor, evaluate and manage the firm’s financial and operational risks (including reputational risk) in support of the firm’s strategic plan, and in a manner consistent with the objectives set out in the firm’s Board-approved Risk Appetite Statement. Through comprehensive processes, which include critical analysis, evaluating stress scenarios, dynamically managing risk, and prudently balancing risk and reward, the Risk Division plays a critical 2nd line of defense role. Finance Risk is the independent risk management function responsible for identifying, quantifying and managing the firm’s liquidity and accrual rates risk. We work closely with Corporate Treasury, Global Banking and Markets, Asset and Wealth Management and Platform Solutions, as well as the broader Risk organization to provide independent risk assessment and oversight of the firm’s risk taking. Key functions include:

• Stress Testing: Review of methodology and assumptions 
• Risk Oversight: Monitor, govern, and challenge Corporate Treasury execution activities, including liquidity and funding projections, accrual rates risk management, liability management, cash & collateral management, funds transfer pricing, balance sheet usage
• Risk Limit Governance: Setting risk appetite, calibration of risk limits, sign-off on limits frameworks, and ongoing monitoring of limit utilization and remediation
• Governance & 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
• Active and ongoing engagement with risk taking businesses to understand, monitor, and govern risk taking activities
• Direct engagement with Risk Leadership and global regulators regarding material risks, current risk exposures, and limits governance

 

RESPONSIBILITIES

• Develop in-depth understanding of the firm’s liquidity risk under different scenarios; identify and challenge qualitative assumptions
• Review the methodology and assumptions of the liquidity stress testing models to assess banks liquidity resilience under various financial shocks, economic downturns and sector specific crisis.
• Independently review and challenge the design, scope, and effectiveness of the firm's Recovery and Resolution capabilities and their associated testing methodologies.
• Engage effectively with key internal stakeholders, including capability owners and senior management, to cultivate a robust control environment and ensure alignment with strategic objectives and regulatory requirements.
• Facilitate and support interactions with regulatory bodies, ensuring compliance with evolving regulatory requirements for Recovery and Resolution capabilities and assurance processes, while actively supporting management in meeting regulatory expectations.
• Monitor risk taking and limit utilization; engage in breach remediation, and escalation workflow
• Engage directly with Corporate Treasury and risk-taking businesses to understand strategy, assess new activities, enforce limits, comply with regulatory requirements, and challenge proposals

SKILLS AND RELEVANT EXPERIENCE

• 5-8 years of experience 
• Strong academic background and quantitative skills
• Interest in financial markets and risk management, motivated by learning and continuous improvement
• Ability to work independently, form own judgment/opinions, provide insights and drive change
• Proactive with strong analytical, interpersonal and communication skills and ability to build relationships remotely
• Ability to interact with and build relationships with people from different departments and levels of seniority
• Strong verbal and written communication skills
• Prior knowledge of liquidity risk metrics (Liquidity Coverage Ratio, Net Stable Funding Ratio, Internal stress testing, recovery and resolution) is preferred
   

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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Experience Level

Executive Level