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For Companies At a Glance
- Tasks: Analyse market risks and collaborate on risk management strategies daily.
- Company: Goldman Sachs is a leading global investment banking and securities firm, founded in 1869.
- Benefits: Enjoy diverse training opportunities, wellness programs, and a commitment to inclusion.
- Why this job: Join a dynamic team influencing risk management while developing your analytical skills.
- Qualifications: 3-5 years in market risk management; strong academic background in Finance or Mathematics preferred.
- Other info: Opportunities for professional growth and collaboration across departments.
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 employer: WeAreTechWomen
Contact Detail:
WeAreTechWomen Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk - Market Risk - Analyst/Associate - Birmingham
✨Tip Number 1
Familiarise yourself with key market risk measures such as VaR, greeks, and stress testing. Understanding these concepts will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Engage with professionals in the field through networking events or online platforms like LinkedIn. Building connections can provide insights into the company culture and may even lead to referrals.
✨Tip Number 3
Stay updated on current market trends and economic events that could impact market risk. Being able to discuss recent developments during your interview will show your proactive approach and genuine interest in the role.
✨Tip Number 4
Practice explaining complex financial concepts in simple terms. This skill is crucial for communicating with senior management and stakeholders, and showcasing this ability can set you apart from other candidates.
We think you need these skills to ace Risk - Market Risk - Analyst/Associate - Birmingham
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the Market Risk Analyst/Associate position. Familiarise yourself with key concepts like VaR, stress testing, and risk management principles.
Tailor Your CV: Customise your CV to highlight relevant experience in market risk management or related fields. Emphasise your analytical skills, familiarity with financial products, and any coding abilities that may set you apart.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for risk management and your understanding of the role. Use specific examples from your past experiences to demonstrate how you meet the qualifications and can contribute to the team.
Proofread and Edit: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. Ensure that your writing is clear and professional, as effective communication is crucial in this role.
How to prepare for a job interview at WeAreTechWomen
✨Understand Market Risk Concepts
Make sure you have a solid grasp of market risk measures such as VaR, stress testing, and the greeks. Be prepared to discuss how these concepts apply to real-world scenarios and how they influence risk management decisions.
✨Showcase Analytical Skills
Demonstrate 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.
✨Communicate Effectively
Practice explaining complex financial concepts in simple terms. You may need to communicate with senior management or stakeholders who may not have a technical background, so clarity is key.
✨Highlight Collaboration Experience
Emphasise your ability to work with different departments and levels of seniority. Share examples of successful collaborations that led to improved risk management or process enhancements.
