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- Tasks: Manage financial and non-financial risks while collaborating with investment teams.
- Company: Join Goldman Sachs, a leading global investment management firm.
- Benefits: Diverse opportunities for growth, wellness programs, and a supportive work culture.
- Other info: Embrace diversity and inclusion while advancing your career.
- Why this job: Make a real impact in risk management within a fast-paced environment.
- Qualifications: Bachelor's degree and 2-4 years of experience in financial services required.
The predicted salary is between 60000 - 80000 £ per year.
Goldman Sachs Asset Management is one of the world's leading asset managers with over $3 trillion in assets under supervision. As the primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors, and individuals.
We invest in corporate equity and debt, real estate equity and debt, and infrastructure-related assets and companies. Asset & Wealth Management operates on a global platform and our team works in a fast-paced, exciting environment. Within Asset & Wealth Management, the Risk Management function is charged with enabling the division to responsibly execute on strategic initiatives at a regional and global level, managing financial and non-financial risk through implementation of a global risk management framework, and driving returns through various capital and workflow efficiency initiatives. In addition, the Risk Management function serves as an important point of contact for funds & legal entity boards as well as regulators.
The successful applicant will have an ability to understand various financial markets and products, and raise issues or concerns. He/she will have a high degree of integrity, strong attention to detail and be highly motivated and client-focused. Additionally, the successful applicant will be a team player, as the risk team is required to work closely with investment teams and other control functions across the firm.
As a risk manager within Asset Management Alternatives, you will be engaged in proactive management of financial and non-financial risk, through portfolio monitoring, market observations, and process oversight. The Risk team is an independent function within the business that develops and enforces the risk management framework.
RESPONSIBILITIES
- Collaborate across portfolio management, investment teams, and second line risk teams to monitor risk usage and emerging risks
- Develop risk oversight processes, policies, and procedures, and monitor, ensuring compliance
- Perform deep-dive analysis on emerging risk areas and assess the potential impacts on various portfolios
- Engage the business to understand and mitigate risk, and challenge / escalate to senior management where appropriate
- Monitor risk metrics against the thresholds and perform analytics where necessary
- Contribute to risk transparency, develop the risk management framework including limits and thresholds, and work with engineering to enhance risk capture
- Assess and draw attention to the risks of new products and businesses within Alternatives
- Support risk reporting including regulatory deliverables and committee and board reports
EXPERIENCE & QUALIFICATIONS REQUIRED
- Bachelor's Degree
- Proven knowledge of quantitative analysis and modelling (strong Excel skills and a working knowledge of US GAAP is preferred)
- A min of 2-4 years of financial services experience related to risk management, portfolio management, trading, and/or asset management (AS)
- Strong analytical and problem-solving skills
- Strong interpersonal and communication skills, oral as well as written
- Ability to work independently in a small team, exhibit initiative and be proactive
- Comfortable working in a fast-paced, high-energy environment
- Familiarity with risk methodologies such as stress testing, sensitivities, limits
- Savvy in Microsoft Suite of products, including Excel and PowerPoint (experience with or knowledge of various systems used in GS are preferred)
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.
We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.
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.
Asset & Wealth Management, Risk Manager - Alternatives (1LoD), Analyst/Associate, London employer: Goldman Sachs, Inc.
Contact Detail:
Goldman Sachs, Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Asset & Wealth Management, Risk Manager - Alternatives (1LoD), Analyst/Associate, London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those working at Goldman Sachs or similar firms. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for those interviews! Research common questions for risk management roles and practice your answers. We recommend using the STAR method to structure your responses – it helps you showcase your skills effectively.
✨Tip Number 3
Show off your analytical skills! Be ready to discuss specific examples of how you've tackled risk management challenges in the past. Use data and metrics to back up your claims – numbers speak volumes!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining the team at Goldman Sachs.
We think you need these skills to ace Asset & Wealth Management, Risk Manager - Alternatives (1LoD), Analyst/Associate, London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Risk Manager in Asset & Wealth Management. Highlight relevant experience and skills that align with the job description, especially your quantitative analysis and risk management expertise.
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 the team. Don’t forget to mention your ability to work in a fast-paced environment!
Showcase Your Analytical Skills: Since this role requires strong analytical abilities, be sure to include examples of how you've used these skills in previous roles. Whether it's through portfolio monitoring or risk assessment, let us see your problem-solving prowess!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our team at Goldman Sachs!
How to prepare for a job interview at Goldman Sachs, Inc.
✨Know Your Risk Management Framework
Before the interview, make sure you understand the risk management framework that Goldman Sachs employs. Familiarise yourself with key concepts like stress testing and risk metrics, as this will show your genuine interest in the role and your ability to engage with complex financial products.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples where you've used quantitative analysis or modelling in your previous roles. Highlight your strong Excel skills and any experience with US GAAP, as these are crucial for the position. Be ready to explain how your analytical approach has helped mitigate risks in past projects.
✨Demonstrate Team Collaboration
Since the role requires close collaboration with various teams, think of instances where you've successfully worked in a team environment. Be prepared to discuss how you’ve engaged with different stakeholders to address risk issues and how you can contribute to a cohesive team dynamic at Goldman Sachs.
✨Prepare Questions About Emerging Risks
Come equipped with insightful questions about emerging risks in the asset management space. This not only shows your knowledge but also your proactive mindset. Ask about how the team monitors these risks and what processes are in place to ensure compliance and transparency.