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- Tasks: Analyse market risks and collaborate on risk management strategies daily.
- Company: Goldman Sachs is a leading global investment banking and securities firm with a commitment to diversity.
- Benefits: Enjoy professional growth opportunities, wellness programs, and a supportive work culture.
- Why this job: Join a dynamic team influencing financial decisions and enhancing your analytical skills.
- Qualifications: 3-5 years in market risk management; strong analytical skills and a relevant degree preferred.
- Other info: Remote work options available; inclusive environment for all backgrounds.
The predicted salary is between 36000 - 60000 £ per year.
Birmingham, West Midlands, England, United Kingdom
Job Description
MORE ABOUT THIS ROLE
The Risk Division is responsible for independent review of market, credit, operational, model, and liquidity risk throughout the firm as well as enterprise wide stress testing.
Market Risk is a Department within the Risk Division that facilitates effective deployment of risk appetite, prudent risk management and regulatory compliance for the Firm’s market risks. The group acts as a key stakeholder in ensuring that the firm’s business plans are within its market risk appetite and engages directly with businesses on the review and challenge of risk management actions. The group also plays a key role in keeping the Board of Directors apprised of the firm’s market risk profile. This is achieved through the use of a suite of risk measures, proactive application of expert judgement, and limit setting. Activities are centered on risk management and analysis, transparency and escalation of risk, supervision, and overall process improvement.
KEY RESPONSIBILITIES
- Ongoing review of risk measures (VaR, greeks, stress tests) and interaction with 1st line risk takers
- Evaluate risk taking behavior and influence outcomes through portfolio and transaction level risk analysis taking into consideration risk appetite
- Collaboration with Risk Engineering colleagues on the development of new risk measures / stress tests and improvements to existing measures
- Proactive identification of emerging risks (e.g. basis risks, crowded trades)
- Limit/threshold setting
- Connect events (e.g. macroeconomic data releases, political elections) to potential vulnerabilities
- Dissemination of information and education of stakeholders through effective and timely communication and collaboration
- Communication with senior management and regulators
QUALIFICATIONS
- Three to five years of experience in market risk management or similar role with transferable skills
- Strong academic record with Bachelor’s degree, equivalent or above in Finance, Mathematics or a related quantitative/analytical discipline preferred
- Understanding of financial products including their risk/reward tradeoffs
- Understanding of market risk measures, concepts, and regulatory rules: VaR, stress testing, greeks, Volcker rule, CCAR
- Excel, Bloomberg, Refinitiv Eikon familiarity, and ability to pick up in-house systems
- Ability to code desirable
- Proven problem solving ability and control mindset
- Able to analyze and challenge risk taking activities while engaging effectively with first line of defense
- Desire and ability to collaborate with people from different departments and levels of seniority
- Desire and ability to communicate complex information and concepts in layperson terms directly with senior management (both written and verbally)
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: https://www.goldmansachs.com/careers/footer/disability-statement.html
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity
Job Info
- Job Identification 141274
- Job Category Analyst
- Posting Date 02/04/2025, 10:02 AM
- Locations Birmingham, West Midlands, England, United Kingdom
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Risk - Market Risk - Analyst/Associate - Birmingham employer: Goldman Sachs
Contact Detail:
Goldman Sachs Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk - Market Risk - Analyst/Associate - Birmingham
✨Tip Number 1
Familiarise yourself with the specific risk measures mentioned in the job description, such as VaR and stress testing. Being able to discuss these concepts confidently during interviews will demonstrate your understanding of market risk management.
✨Tip Number 2
Network with professionals in the market risk field, especially those who work at Goldman Sachs or similar firms. Engaging in conversations about current trends and challenges in market risk can provide you with valuable insights and potentially lead to referrals.
✨Tip Number 3
Stay updated on macroeconomic events and their potential impact on market risks. Being able to connect these events to risk management strategies will show your proactive approach and analytical skills during discussions with interviewers.
✨Tip Number 4
Prepare to showcase your problem-solving abilities through real-world examples. Think of situations where you identified risks and influenced outcomes, as this aligns well with the responsibilities of the role and will highlight your relevant experience.
We think you need these skills to ace Risk - Market Risk - Analyst/Associate - Birmingham
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the Market Risk Analyst/Associate position. Tailor your application to highlight relevant experiences and skills that align with these requirements.
Highlight Relevant Experience: In your CV and cover letter, emphasise any experience you have in market risk management or related fields. Use specific examples to demonstrate your understanding of financial products, risk measures, and your analytical skills.
Showcase Your Skills: Make sure to mention your proficiency in tools like Excel, Bloomberg, and any coding abilities you possess. Highlight how these skills have helped you in previous roles, particularly in risk analysis or management.
Communicate Effectively: When writing your application, focus on clear and concise communication. Be prepared to explain complex concepts in simple terms, as this is a key requirement for the role. This will demonstrate your ability to engage with stakeholders at all levels.
How to prepare for a job interview at Goldman Sachs
✨Understand Market Risk Concepts
Make sure you have a solid grasp of market risk measures such as VaR, stress testing, and the greeks. Be prepared to discuss how these concepts apply to real-world scenarios and how they influence decision-making within a financial firm.
✨Showcase Your Analytical Skills
Demonstrate your problem-solving abilities by discussing past experiences where you analysed risk-taking behaviours or evaluated portfolios. Use specific examples to illustrate how your analytical skills led to successful outcomes.
✨Communicate Effectively
Practice explaining complex financial concepts in simple terms. You may need to communicate with senior management or stakeholders who may not have a technical background, so clarity is key.
✨Highlight Collaboration Experience
Emphasise your ability to work with different departments and levels of seniority. Share examples of how you've successfully collaborated on projects or initiatives, particularly in risk management contexts.
