At a Glance
- Tasks: Analyse credit risk and manage financial exposure for trading and lending activities.
- Company: Join Goldman Sachs, a leading global investment banking firm.
- Benefits: Competitive salary, diverse experience, and opportunities for professional growth.
- Other info: Gain insights into emerging markets and develop strong analytical skills.
- Why this job: Make an impact in a dynamic environment while collaborating with top professionals.
- Qualifications: Degree in economics or finance preferred; experience in risk or finance roles is a plus.
The predicted salary is between 50000 - 70000 £ per year.
Our Risk division develops 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. Given this structure, Credit Risk 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.
RESPONSIBILITIES
- Assess the credit and financial strength of the firm's corporate, sovereign and financial institution clients across the Emerging Markets (CEEMEA region) by performing fundamental credit analysis using both quantitative and qualitative factors.
- Coordinate with Global Banking and Markets (GBM) and other departments to review and approve derivative, funding and lending transactions while ensuring appropriate documentation and risk mitigants to protect against default and minimize potential losses.
- Proactively monitor and assess counterparties and industry / country portfolios and report relevant information to senior management in a timely manner.
- Develop and manage relationships with colleagues from the broader Risk division as well as with other areas of the firm.
- Prepare credit views for Risk Committees.
- Perform sector analysis regularly in order to assess portfolio concentration or trends.
- Monitor, manage and report exposures at a counterparty, product and portfolio level.
SKILLS AND EXPERIENCE REQUIRED
- Bachelor's degree in economics or finance preferred, though not essential.
- 2-3 years of experience in a risk or finance role (1st or 2nd line) ideally involving corporate credit analysis.
- Experience in coverage of emerging markets would be an advantage but is not essential.
- Some knowledge of derivatives, funding, and lending products.
- Experience in negotiating trading documentation (ISDA, GMRA).
- Strong interest in financial markets and economic / geopolitical developments.
- Up-to-date with emerging business, economic, and market trends.
- Excellent analytical, communication, and organizational skills required.
- Ability to work flexibly in teams and manage a varied workload to meet deadlines.
Risk, Counterparty Credit Risk, Analyst, London employer: Goldman Sachs Group, Inc.
Goldman Sachs is an exceptional employer, offering a dynamic work environment in London where risk professionals can thrive. With a strong emphasis on collaboration and ethical practices, employees benefit from diverse financial experiences and extensive growth opportunities within the Risk division. The company's commitment to employee development, coupled with its robust risk management program, ensures that team members are well-equipped to navigate the complexities of the financial landscape.
StudySmarter Expert Advice🤫
We think this is how you could land Risk, Counterparty Credit Risk, Analyst, London
✨Get Involved with Campus Finance Societies
Join your university's finance or investment society — they're a goldmine for networking, guest lectures, and career fairs. These societies often host employers looking for entry-level talent like you, so get involved and make yourself known!
✨Attend Industry Workshops and Webinars
Look for workshops and webinars focused on banking and financial services. These events not only boost your knowledge but also let you connect with industry professionals who could help you land that entry-level role at places like Goldman Sachs Group, Inc..
✨Leverage LinkedIn for Informational Interviews
Take advantage of LinkedIn to reach out to professionals working in banking, especially those who've started in entry-level positions. Politely ask for a quick chat about their experience and any advice they might have on breaking into the field.
✨Apply Directly through Company Websites
Don't just rely on job boards. Head directly to Goldman Sachs Group, Inc.'s careers page and look for their entry-level openings. They might have opportunities that aren’t advertised widely, so keep checking back for new listings!
We think you need these skills to ace Risk, Counterparty Credit Risk, Analyst, London
Some tips for your application 🫡
Splash Your Skills on Your CV:In the banking and financial services realm, it's all about numbers and analysis. Make sure to highlight any relevant coursework, internships, or projects where you've used skills like financial modelling, data analysis, or risk assessment. Show us you can crunch those numbers!
Educational Achievements Matter:For an entry-level role, your grades and academic accomplishments are key. If you have any certifications, like CFA Level 1 or something similar, don’t forget to include them. We love seeing ambition and commitment to the industry, so flaunt those achievements!
Craft a Personal Touch in Your Cover Letter:Your cover letter is your chance to show us your enthusiasm for banking and finance! Share why you're passionate about the industry and how your studies or previous experiences have prepared you for this role. We want to see that spark and motivation!
Use the Right Format and Language:In banking, clarity is king. Use a clean, professional format for your CV and cover letter. Make sure to avoid jargon, but don’t shy away from technical terms where appropriate – just keep it all clear and easy to read. Let’s see your professionalism shine through!
How to prepare for a job interview at Goldman Sachs Group, Inc.
✨Brush Up on Your Financial Knowledge
Since you're diving into the banking and financial services industry, make sure you're up to speed with current market trends and financial concepts. Be prepared to discuss things like interest rates and investment strategies, as you might get some technical questions that gauge your understanding.
✨Show Off Your Analytical Skills
Analytical skills are key in banking, so be ready to showcase how you've used them in your studies or any relevant projects. Prepare to tackle case studies or hypothetical financial scenarios during the interview that require you to analyse data and make informed decisions.
✨Demonstrate Your Team Spirit
As this is an entry-level role, they’ll likely look for how well you can collaborate and fit into their team. Think of examples from group projects or internships where you successfully worked with others. It'll help show that you're keen to learn and grow in a team-oriented environment.
✨Prepare Thoughtful Questions
Approach your interview with curiosity! Prepare insightful questions that reflect your knowledge of the industry, such as asking about the latest technology being implemented in their services. It shows you're genuinely interested in the company's operations and future.
