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For Companies At a Glance
- Tasks: Assess financial strength and manage credit risk for trading and lending counterparties.
- Company: Join Goldman Sachs, a leading global investment banking and securities firm.
- Benefits: Enjoy competitive salary, health insurance, fitness perks, and professional development opportunities.
- Why this job: Make an impact in a dynamic environment while developing essential risk management skills.
- Qualifications: 3+ years in credit risk management; strong financial market knowledge required.
- Other info: Collaborative culture with diverse projects and excellent career growth potential.
The predicted salary is between 43200 - 72000 £ per year.
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.
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 levels of the 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.
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.
Risk, Hedge Fund Credit Risk, Associate, London London · United Kingdom · Associate 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, Hedge Fund Credit Risk, Associate, London London · United Kingdom · Associate
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with alumni. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their approach to risk management and be ready to discuss how your skills align with their needs. Confidence is key!
✨Tip Number 3
Practice your responses to common interview questions, especially those related to credit risk and financial analysis. Mock interviews with friends or mentors can help you refine your answers and ease your nerves.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in joining our team at Goldman Sachs.
We think you need these skills to ace Risk, Hedge Fund Credit Risk, Associate, London London · United Kingdom · Associate
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Associate in Credit Risk. Highlight your relevant experience, especially in credit risk management and financial analysis. We want to see how your skills align with what we do!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about risk management and how your background makes you a great fit for our team. Keep it concise but impactful – we love a good story!
Showcase Your Analytical Skills: In your application, don’t forget to showcase your analytical skills. Mention any experience with financial modelling or market analysis, as these are key in assessing creditworthiness. We’re looking for those who can think critically under pressure!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the info you need about the role and our culture there!
How to prepare for a job interview at Goldman Sachs Bank AG
✨Know Your Numbers
Brush up on your financial analysis skills and be ready to discuss credit risk metrics. Understanding how to assess the financial strength of counterparties will show that you’re serious about the role.
✨Show Your Collaborative Spirit
Since this role involves working closely with various teams, prepare examples of past experiences where you successfully collaborated with others. Highlight your ability to communicate effectively across departments.
✨Stay Current on Market Trends
Familiarise yourself with the latest trends in macroeconomics and the fund industry. Being able to discuss these topics will demonstrate your intellectual curiosity and commitment to staying informed.
✨Prepare for Technical Questions
Expect questions related to derivatives and credit exposure methodologies. Brush up on your Python skills and Excel functions, as these are likely to come up during the technical part of the interview.
