At Goldman Sachs, the Risk division develops comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk teams play a critical function for the firm, driving how the firm manages risk. Risk professionals execute critical day-to-day risk management activities, lead projects, and contribute to the ongoing advancement of a robust risk management program. Effective coordination with executive management, business units, control departments and technology is critical for success.
We are at the forefront of the most recent engineering solutions, including cloud computing and big data, to better manage the firm's computing costs, given increasing demands related to asset pricing and scenario generation.
Risk teams:
Credit risk: assesses client creditworthiness
Enterprise risk management: focuses on minimizing risks on capital and earnings
Liquidity risk: oversees liquidity risk management
Market risk: manages risks due to market condition changes
Model risk management: ensures controls around model development and usage
Operational risk: concentrates on risk assessment frameworks related to systems, people, and processes.
This division plays a crucial role in guiding the firm’s risk-taking and management activities, using advanced engineering solutions like cloud computing and big data for efficient risk management.
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