Risk - Analytics & Reporting - Vice President - Birmingham Birmingham · United Kingdom · Vice P[...]

OVERVIEW

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high‐net‐worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong, Bengaluru and other major financial centers around the world.

Risk Engineering (“RE”), which is part of the Risk Division, is a central part of the Goldman Sachs risk management framework, with primary responsibility to provide robust metrics, data-driven insights, and effective technologies for risk management. RE is staffed globally with offices including New York, Dallas, Salt Lake City, London, Warsaw, Bengaluru, Singapore, and Tokyo. Analytics & Reporting (A&R) is responsible for reviewing, publishing, interpreting and communicating the firm’s independent and authoritative risk and capital measures. This includes understanding financial/non-financial risk by analyzing risk and capital metrics to evaluate, explain and justify features and emerging trends observed in the Firm’s risk data.

ROLE DESCRIPTION

We are seeking a VP-level candidate to join the A&R – Capital and Financial Reporting team. The successful candidate will be an integral part of a pan-risk team responsible for the calculation and analysis of capital metrics and stress test results, with a focus on the delivery of operational risk components of the Comprehensive Capital Analysis and Review (CCAR) exercise and the calculation of Operational Risk Weighted Assets (RWA), involving:

• Managing the end-to-end CCAR operational risk loss projection process, establishing and communicating timelines to achieve timely completion of a key regulatory deliverable and performing review and challenge to ensure high-quality output
• Calculating and analysing Operational RWA results
• Liaising with groups such as Modelers/Strats, Controllers, Enterprise Risk, trading and investing businesses, Legal, Compliance, Model Risk Management and the firm’s Insurance group to gather inputs and communicate insights
• Working with Operational Risk specialists in domains such as cyber risk and algorithmic trading risk who review risk and control self-assessment (RCSA) results and business environment and internal control factors (BEICFs) and facilitate workshops with trading and investing businesses to inform scenario analysis used to estimate loss projections
• Identifying areas of potential improvement and interpreting the results of sensitivity analysis to fine-tune methodologies and assumptions and achieve the appropriate balance of conservativeness and commerciality
• Working with Engineers to develop, test and integrate enhanced workflows to deliver automation, maximize efficiency, improve control and enhance the results’ timeliness and accuracy
• Writing and consolidating documentation to explain processes, and contributing to firmwide documents such as the firm’s Capital Plan
• Presenting to and preparing materials for the firm’s internal governing bodies such as Risk Committees and executive members of the firm
• Interacting with the firm’s external governing bodies such as external regulators and industry groups

WHAT WE LOOK FOR

The role is ideal for collaborative individuals who have sound technical skills, financial risk acumen, strong ethics, and attention to detail. Whether offering analytical insights or engaging with the firm’s regulators, the role gives you a holistic experience of being a risk management professional.

OPPORTUNITIES

In performing the job function, you will have the following opportunities:

• Work in a dynamic & highly creative teamwork and consensus-orientated environment
• Exposure to industry leading market data, pricing and risk and capital models for all activities the Firm engages in
• Exposure to challenging quantitative problems and large volumes of data (a.k.a ‘Big Data’) and the tools and techniques to interact with, and determine meaningful interpretations of, such data
• Development of economic, financial product and market knowledge
• Engagement in critical internal risk management activities, and provision of data to both internal and external stakeholders and firm governing bodies
• Opportunities to work with senior members of the firm and a wide variety of groups across all areas of the firm

SKILLS AND RELEVANT EXPERIENCE

• Masters or Bachelors degree in a quantitative discipline such as financial engineering, economics, mathematics, physics, econometrics or engineering
• Experience of risk measurement, operational risk management and/or the delivery of regulatory projects involving multiple stakeholders
• Excellent written and verbal communication skills
• Entrepreneurial, creative, self-motivated and team-orientated
• Practical knowledge of mathematics and numerical algorithms, including statistics and time series analysis
• Experience with, or keen interest to develop expertise in, development of risk analytics, interpretation and productivity tools for cultivating insights into risk & capital metric data
• Experience with, or keen interest to develop expertise in, pricing, risk and capital models
• Experience with, or keen interest to develop expertise in, financial markets & economics

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 GS.com/careers.

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.

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