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Finance Division - Credit Risk Management & Advisory Department - Product Analysis and Control Team - Associate/ Vice President - Singapore
Goldman Sachs
Singapore, , Singapore
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Job Summary & Responsibilities
The Credit Risk Management & Advisory Department (“CRMA”) is a central part of the Goldman Sachs risk management framework, with primary responsibility for assessing, monitoring and managing credit risk at the Firm. As a member of CRMA you will interface with a variety of divisions around the firm as well as the other regional CRMA offices. The interaction with numerous departments and the diverse projects that ensue allow for a challenging, varied and multi-dimensional work environment.
CRMA’s Singapore office works closely with CRMA’s offices in London, Hong Kong and Tokyo across two key functions:
• Product risk management, including credit limit and settlement risk monitoring, limit exception management, risk exposure analysis and reporting, and post-trade risk management processes.
• Counterparty evaluation, including assessing and monitoring the creditworthiness of the firm’s trading counterparties and borrowers by completing fulsome reviews of their financial and business profiles
The Product Analysis and Control Team (PACT) within CRMA focus on the product-related aspects of credit risk, and is responsible for the integrity of the controls and processes that are used to monitor the credit risk that we take across the firm’s traded products.
A manager on the PACT team oversees the activities of the group and provides guidance, organizational infrastructure, and oversight to the team. The manager is also responsible for contributing to the overall strategic direction and oversight of the team’s mission. PACT managers must rapidly develop expertise and understanding, on a broad level, of the counterparty risk that is generated by various derivatives and other products that the firm trades with its counterparties. In an oversight capacity, a PACT manager should be confident in his/her ability to guide analysts and associates as they gain familiarity and expertise with firm systems and infrastructure. The PACT manager must also develop a good high level working knowledge of methods used to model and monitor credit risk across various products, and be able to guide junior team members in problem-solving and analysis.
Basic Qualifications
Goldman Sachs seeks highly motivated candidates with a minimum of 6 years experience and a track record of professional success in the financial industry, in Risk, Operations, Treasury, or other control side roles. We are looking for a driven and innovative candidate with strong management experience, preferably in running and overseeing large teams of people.
Experience/Skills:
• Strong management and interpersonal skills with experience running large teams
• Demonstrated ability to oversee multiple projects and bring them to completion
• Ability to operate in close consultation with others in diverse geographic locations
• Strong written and verbal communication skills, with an ability to interact directly with diverse individuals, including senior leaders of the department
• Professionalism, composure and strong sense of management discretion
• Knowledge of financial markets
• Proficiency with Microsoft Excel
• Ability to direct and develop junior colleagues’ abilities
• Commitment to excellence and developing own expertise
• Strong analytical skills with the ability to rapidly grasp the mechanics of various derivative products and risk concepts
• Strong organizational skills with solid attention to detail