At a Glance
- Tasks: Monitor and manage risks while collaborating on capital management strategies.
- Company: Join a leading financial firm with a strong commitment to risk management.
- Benefits: Competitive salary, diverse workplace, and opportunities for professional growth.
- Other info: Dynamic team environment with a focus on innovation and excellence.
- Why this job: Make an impact in the finance world by tackling complex regulatory challenges.
- Qualifications: 3+ years in risk management or banking with strong analytical skills.
The predicted salary is between 60000 - 80000 £ 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
Qualifications
- 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
Risk, Capital Risk, Associate, London in City of Westminster employer: Goldman Sachs, Inc.
Goldman Sachs is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. With a strong commitment to employee growth, we provide extensive training and development opportunities, ensuring that our team members are equipped to excel in their roles. Our inclusive culture values diverse perspectives, fostering a supportive atmosphere that empowers individuals to contribute meaningfully to our robust risk management programme.
StudySmarter Expert Advice🤫
We think this is how you could land Risk, Capital Risk, Associate, London in City of Westminster
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Goldman Sachs, Inc. looking for candidates who are engaged and informed.
We think you need these skills to ace Risk, Capital Risk, Associate, London in City of Westminster
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Goldman Sachs, Inc.. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Goldman Sachs, Inc.
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Goldman Sachs, Inc.’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
