Risk, Credit Risk, Associate, London London United Kingdom Associate

  • Goldman Sachs Bank AG
  • Sep 12, 2025
Full time Banking

Job Description

Risk, Credit Risk, Associate, London location_on London, Greater London, England, United Kingdom

Opportunity Overview sitemap_outline CORPORATE TITLE Associate language OFFICE LOCATION(S) London assignment JOB FUNCTION Credit Risk account_balance DIVISION Risk Division

RISK

The Risk Division is a team of specialists charged with managing the firm's credit, market, liquidity, operational and capital risk. Whether assessing the creditworthiness of the firm's counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firm's success. The division is ideal for collaborative individuals who have strong ethics and attention to detail.

Division/Business

Credit Risk works closely with the CRO / senior management to manage Goldman Sachs' credit risk. Credit professionals protect the firm's capital by using in-depth knowledge of our clients, markets, and trading products to make decisions on acceptable level of firm's risk appetite. Staffed with 300 professionals, Credit Risk operates through 11 different offices around the world. Credit Risk provides a unique opportunity to develop a variety of professional skills and expertise in risk management while working on financial transactions.

COUNTERPARTY CREDIT RISK

Credit Risk (CR) is responsible for managing the firm's credit exposure to its trading and lending counterparties. Leveraging its extensive expertise in financial, credit and risk analysis, CR ensures that credit exposure to our counterparts is managed within the firm's risk appetite. Credit professionals work closely with many areas of the firm. Given this structure, CR professionals gain diverse financial experience and a broad perspective on how the entire firm functions. The interaction with numerous departments and the range of projects that ensue allow for a challenging, varied and multi-dimensional work environment.

This business is ideal for collaborative individuals who have strong ethics and attention to detail. Whether assessing the creditworthiness of the firm's counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firm's success.

THE ROLE & RESPONSIBILITIES

  • Assessing the financial strength of counterparties through counterparty due diligence, financial analysis, and market analysis; and summarizing your views to formulate risk rating recommendations.
  • Setting credit exposure appetite across trading products utilizing internal exposure methodologies.
  • Developing a good high level working knowledge of methods used to model and monitor credit risk across various products. Leveraging the knowledge to assess transaction and portfolio-level risk of counterparties.
  • Work in collaboration with other divisions (such as Sales, Trading, Legal, Client Onboarding).
  • Analysing potential exposure and approving collateral levels.
  • Taking a broad view of risks and escalating material issues to seniors.
  • Involvement in multiple projects (with strong cooperation with other teams and divisions, as well as regions);
  • Active engagement in the negotiation of trading documentation to ensure adequate risk mitigants are in place.

EXPERIENCE & SKILLS REQUIRED

  • 3 years+ Credit risk management experience
  • Strong knowledge of financial markets
  • Understanding of various derivatives
  • Familiarity with macroeconomics and the latest global trends
  • Interest in Fund industry
  • Interest in Corporate or Banking industry would be an asset
  • Python experience would be an asset
  • Good knowledge of Microsoft Excel, and PowerPoint
  • Ability to perform under pressure
  • Intellectual curiosity and self-motivation
  • Fluent English is a must (additional language would be an asset)
  • Strong interest in client interaction and relationship management.

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.

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at

We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more:

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.

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees' priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.