Asset & Wealth Management, Investment Risk – Alternatives, Associate, London

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.

Team & Role Overview

We invest in corporate equity and debt, real estate equity and debt, and infrastructure-related assets and companies. Asset & Wealth Management operates on a global platform and our team works in a fast-paced, exciting environment. Within Asset & Wealth Management, the Risk Management function is charged with enabling the division to responsibly execute strategic initiatives at a regional and global level, managing financial and non‑financial risk through the implementation of a global risk management framework, and driving returns through capital and workflow efficiency initiatives. The Risk Management function also serves as an important point of contact for fund & legal entity boards and regulators.

As a risk manager within Asset Management Alternatives, you will be engaged in proactive management of financial and non‑financial risk through portfolio monitoring, market observations, and process oversight. The risk team is an independent function that develops and enforces the risk management framework. The position is focused on credit risk management within the Asset Management Alternatives business, with a 50‑50 split between qualitative and quantitative activities. The role focuses on general risk management oversight and reporting, with a specific emphasis on credit risk related to loan underwriting in various asset classes.

Responsibilities

• Monitor risk usage, emerging risks, and risk metrics against thresholds and perform analytics when necessary.
• Engage the business to understand and mitigate risk, and challenge or elevate issues to senior management as appropriate.
• Collaborate with portfolio management, investment teams, and other second‑line risk teams to monitor risk usage and emerging risks.
• Perform deep‑dive analysis on emerging risk areas and assess potential impacts at both 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 periodic rating assignments and updates, and conduct industry/sector/country research and trend analysis.
• Support risk reporting, including regulatory deliverables and committee and board reports.
• Continue to develop and implement risk oversight for our Investment Grade Private Credit and Asset Finance business, including developing policies and procedures.
• Contribute to risk transparency, develop the risk management framework—including limits and thresholds—and work with engineering to enhance risk tooling.
• Assess and highlight risks associated with new products and businesses within the Alternatives business.

Experience & Qualifications Required

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

Preferred:

• Advanced Excel (including VBA) and database/data analysis tools (SQL, Power BI, data architecture & governance).
• Underwriting, structuring, credit risk, credit ratings/models, asset‑backed financing (ABS, CLO, collateral, SPVs), and a working knowledge of US GAAP.

Professional Attributes

• Strong conceptual and analytical thinking; able to separate facts from assumptions, see the bigger picture, and assess scenarios and their impacts.
• Highly organized, disciplined, diligent, detail‑oriented, and proactive, with excellent planning, prioritising, 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.

Equal Opportunity Statement

Goldman Sachs is an equal‑opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law. We are committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.