At a Glance
- Tasks: Manage credit risk and ensure compliance with regulatory requirements in a dynamic environment.
- Company: Leading financial institution focused on risk management and governance.
- Benefits: Attractive salary, comprehensive benefits, and opportunities for professional growth.
- Other info: Collaborative culture with diverse projects and excellent career advancement opportunities.
- Why this job: Join a team that shapes the future of credit risk governance and makes a real impact.
- Qualifications: 10+ years in credit risk or regulatory roles, strong analytical and communication skills.
The predicted salary is between 60000 - 80000 £ per year.
Our Risk teams develop comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. 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.
Credit Risk 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, Credit Risk 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, gaining 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
The Credit Risk Governance team establishes and oversees the governance framework for Wholesale Credit Risk (WCR), helping ensure that key processes, controls and regulatory obligations are managed effectively across the firm. The team plays a central role in the firm’s Internal Credit Ratings (ICR) framework, helping ensure rating processes are consistent, transparent, repeatable and aligned with internal policies and applicable global and regional regulatory expectations including PRA Rulebook for Credit Risk Internal Ratings Based Approach (CRR) Part.
This role offers the opportunity to work at the intersection of credit risk, governance and regulation, with particular focus on advanced European banking requirements, including the Capital Requirements Regulation (CRR), PRA rulebook and Internal Ratings Based (IRB) approach for non-retail credit exposures. The successful candidate will help interpret regulatory expectations, strengthen governance practices and support implementation of IRB-compliant rating system requirements including Rating System change notification management and IRB rules compliance assessment.
Key Responsibilities
- Assess new and evolving regulatory requirements applicable to Credit Risk management and Internal Risk Ratings; help translate them into practical governance and control expectations.
- Drive enhancements to industry-specific rating models and methodologies, partnering with subject matter experts, quantitative model developers and regulatory affairs teams to support alignment with IRB requirements and market best practice.
- Contribute the end-to-end process of preparing, documenting, and submitting formal regulatory notifications to the PRA and other competent authorities for material and non-material changes to Rating Systems.
- Conduct rigorous compliance assessments of proposed changes to rating models, credit risk processes, and data infrastructures to ensure strict adherence to PRA IRB rules and CRR requirements.
- Partner closely with Model Development, Independent Validation, and Internal Audit teams to review rating system performance, address deficiencies, and ensure a cohesive approach to model risk governance.
- Develop clear templates, standards, guidelines and key performance indicators to monitor the rating framework and support reporting to senior management and governance committees.
- Lead or contribute to EMEA-specific and global regulatory engagements relating to Credit Risk governance and rating systems.
- Provide strategic input into WCR policies, standards and procedures, helping ensure they are accurate, consistent and fit for purpose.
- Identify and communicate key risks, coordinate remediation plans with stakeholders and track issues through to closure.
Experience & Skills Required
Minimum of 10 years’ experience at the PRA, a European regulator or a...
Risk, Credit Risk, Credit Governance, Vice President, London London · United Kingdom · Vice Pre[...] employer: Goldman Sachs Bank AG
Goldman Sachs Bank AG is an exceptional employer, offering a dynamic and inclusive work environment that fosters professional growth and development. As a DCM Associate in London, you will have the opportunity to engage in high-stakes financing transactions while building valuable relationships in the private equity market. With a strong emphasis on collaboration and innovation, employees are encouraged to thrive and excel in their careers.
StudySmarter Expert Advice🤫
We think this is how you could land Risk, Credit Risk, Credit Governance, Vice President, London London · United Kingdom · Vice Pre[...]
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Goldman Sachs Bank AG looking for candidates who are engaged and informed.
We think you need these skills to ace Risk, Credit Risk, Credit Governance, Vice President, London London · United Kingdom · Vice Pre[...]
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Goldman Sachs Bank AG. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Goldman Sachs Bank AG
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Goldman Sachs Bank AG’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
