At a Glance
- Tasks: Monitor and manage risks while collaborating on impactful projects in a dynamic environment.
- Company: Join Goldman Sachs, a leading global investment banking firm with a commitment to diversity.
- Benefits: Enjoy competitive salary, comprehensive health benefits, generous vacation, and wellness programs.
- Other info: Opportunities for professional growth and a supportive team culture await you.
- Why this job: Make a real impact by navigating complex capital regulations and enhancing risk management strategies.
- Qualifications: 3+ years of experience in risk management or regulatory roles, strong analytical and communication skills.
The predicted salary is between 55000 - 65000 £ 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.
Capital Risk, which is part of the firm’s second line of defense and reports to our chief risk officer (CRO), assesses the firm’s capital management framework, regulatory capital policies and related interpretations and escalates certain interpretations to senior management and/or the appropriate risk committee. This oversight includes, among other things, independent review and challenge of our capital ratio targets, planned capital actions and regulatory capital calculations; analysis of the related documentation; independent testing; and an assessment of the appropriateness of the calculations and their alignment with the relevant regulatory capital rules.
Responsibilities
- Understanding capital regulations (e.g., PRA Basel 3.1, US capital rules) and determining appropriate capital interpretations
- Monitoring, summarizing and challenging the impact of and risk appetite associated with the implementation of the regulatory capital rules
- Assessing the impact of capital regulation on individual transactions, new products and business proposals
- Validation of regulatory capital requirement approaches and calculations
- Understanding and challenging the firm's overall capital management strategy
- Communicating thoughtful analysis on sophisticated regulatory capital matters to senior managers, businesses, and regulators
Skills and Experience Required
- Minimum of 3 years of experience at the PRA, European regulator, or bank with IRB/IMM/IMA approach permission
- Strong attention to detail, intellectual curiosity and commitment to excellence
- Strong organizational skills - ability to manage a constantly evolving inflow of projects and priorities
- Effective communicator - both orally and in writing
- Team player - ability to maintain mutual support within a high-profile team
- Self-motivated, proactive and willing to take on additional responsibilities, ability to run with issues, and get involved as necessary
- Ability to conduct research, analyze technical regulatory papers and identify relevant issues
- Understanding of banking organizations, financial products; ability to analyze new trades and businesses with particular focus on regulatory capital implications
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.
We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.
Benefits
- Healthcare & Medical Insurance: We offer a wide range of health and welfare programs that vary depending on office location.
- 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.
- 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).
- Fitness: To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers.
- 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.
Risk, Capital Risk, Associate, London London · United Kingdom · Associate employer: Goldman Sachs Bank AG
Goldman Sachs is an exceptional employer, offering a dynamic work culture that prioritises diversity and inclusion while fostering professional growth through extensive training and development opportunities. Located in London, employees benefit from competitive healthcare, generous vacation policies, and unique perks such as on-site fitness centres and childcare services, making it an ideal place for those seeking meaningful and rewarding careers in risk management.
StudySmarter Expert Advice🤫
We think this is how you could land Risk, Capital Risk, Associate, London London · United Kingdom · Associate
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Goldman Sachs Bank AG. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Risk, Capital Risk, Associate, London London · United Kingdom · Associate
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Goldman Sachs Bank AG.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Goldman Sachs Bank AG's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Goldman Sachs Bank AG
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Goldman Sachs Bank AG.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Goldman Sachs Bank AG will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Goldman Sachs Bank AG employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
