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- Tasks: Analyse market risks and collaborate on risk management strategies daily.
- Company: Join a leading firm focused on effective risk management and regulatory compliance.
- Benefits: Enjoy competitive pay, potential remote work options, and professional development opportunities.
- Why this job: Be part of a dynamic team influencing key business decisions and enhancing your analytical skills.
- Qualifications: 3-5 years in market risk management or related fields; strong analytical background required.
- Other info: Ideal for those passionate about finance and eager to make an impact.
The predicted salary is between 36000 - 60000 £ per year.
The Risk Division is responsible for independent review of market, credit, operational, model, and liquidity risk throughout the firm as well as enterprise wide stress testing.
Market Risk is a Department within the Risk Division that facilitates effective deployment of risk appetite, prudent risk management and regulatory compliance for the Firm’s market risks. The group acts as a key stakeholder in ensuring that the firm’s business plans are within its market risk appetite and engages directly with businesses on the review and challenge of risk management actions. The group also plays a key role in keeping the Board of Directors apprised of the firm’s market risk profile. This is achieved through the use of a suite of risk measures, proactive application of expert judgement, and limit setting. Activities are centered on risk management and analysis, transparency and escalation of risk, supervision, and overall process improvement.
KEY RESPONSIBILITIES
- Ongoing review of risk measures (VaR, greeks, stress tests) and interaction with 1st line risk takers
- Evaluate risk taking behavior and influence outcomes through portfolio and transaction level risk analysis taking into consideration risk appetite
- Collaboration with Risk Engineering colleagues on the development of new risk measures / stress tests and improvements to existing measures
- Proactive identification of emerging risks (e.g. basis risks, crowded trades)
- Limit/threshold setting
- Connect events (e.g. macroeconomic data releases, political elections) to potential vulnerabilities
- Dissemination of information and education of stakeholders through effective and timely communication and collaboration
- Communication with senior management and regulators
QUALIFICATIONS
- Three to five years of experience in market risk management or similar role with transferable skills
- Strong academic record with Bachelor’s degree, equivalent or above in Finance, Mathematics or a related quantitative/analytical discipline preferred
- Understanding of financial products including their risk/reward tradeoffs
- Understanding of market risk measures, concepts, and regulatory rules: VaR, stress testing, greeks, Volcker rule, CCAR
- Excel, Bloomberg, Refinitiv Eikon familiarity, and ability to pick up in-house systems
- Ability to code desirable
- Proven problem solving ability and control mindset
- Able to analyze and challenge risk taking activities while engaging effectively with first line of defense
- Desire and ability to collaborate with people from different departments and levels of seniority
- Desire and ability to communicate complex information and concepts in layperson terms directly with senior management (both written and verbally)
Risk - Market Risk - Analyst/Associate - Birmingham Birmingham · United Kingdom · Analyst employer: Goldman Sachs Bank AG
Contact Detail:
Goldman Sachs Bank AG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk - Market Risk - Analyst/Associate - Birmingham Birmingham · United Kingdom · Analyst
✨Tip Number 1
Familiarise yourself with the key risk measures mentioned in the job description, such as VaR and stress testing. Being able to discuss these concepts confidently during interviews will demonstrate your understanding of market risk management.
✨Tip Number 2
Network with professionals in the market risk field, especially those who work in Birmingham. Attend industry events or webinars to connect with potential colleagues and learn more about the current trends and challenges in market risk.
✨Tip Number 3
Stay updated on macroeconomic events and their potential impact on market risks. Being able to articulate how recent developments could affect risk profiles will show your proactive approach and analytical skills.
✨Tip Number 4
Practice explaining complex financial concepts in simple terms. This skill is crucial for communicating with senior management and stakeholders, so consider role-playing with a friend or mentor to refine your communication style.
We think you need these skills to ace Risk - Market Risk - Analyst/Associate - Birmingham Birmingham · United Kingdom · Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in market risk management or similar roles. Emphasise your understanding of financial products, risk measures, and any coding skills you possess.
Craft a Strong Cover Letter: In your cover letter, explain why you're interested in the Market Risk Analyst/Associate position. Mention specific experiences that demonstrate your problem-solving abilities and your capacity to communicate complex information effectively.
Highlight Relevant Skills: Clearly outline your familiarity with tools like Excel, Bloomberg, and Refinitiv Eikon. If you have experience with risk measures such as VaR and stress testing, make sure to include that as well.
Showcase Collaboration Experience: Provide examples of how you've successfully collaborated with different departments or levels of seniority in previous roles. This will demonstrate your ability to work effectively within a team and engage with stakeholders.
How to prepare for a job interview at Goldman Sachs Bank AG
✨Know Your Risk Measures
Make sure you have a solid understanding of key risk measures like VaR, stress testing, and greeks. Be prepared to discuss how these measures apply to real-world scenarios and how they influence decision-making in market risk management.
✨Demonstrate Analytical Skills
Showcase your problem-solving abilities by discussing past experiences where you analysed risk-taking behaviours. Use specific examples to illustrate how you influenced outcomes through your analysis, and be ready to tackle hypothetical scenarios during the interview.
✨Communicate Effectively
Practice explaining complex financial concepts in simple terms. You may need to communicate with senior management or stakeholders who aren't as familiar with technical jargon, so being able to convey your ideas clearly is crucial.
✨Collaborate and Engage
Highlight your experience working with cross-functional teams. Discuss how you've collaborated with colleagues from different departments to develop new risk measures or improve existing ones, as teamwork is essential in this role.
