At a Glance
- Tasks: Analyse market risks and collaborate on risk management strategies daily.
- Company: Goldman Sachs is a leading global investment banking and securities firm, founded in 1869.
- Benefits: Enjoy diverse training opportunities, wellness programs, and a commitment to inclusion.
- Other info: Opportunities for professional growth and collaboration across departments.
- Why this job: Join a dynamic team influencing risk management while developing your analytical skills.
- Qualifications: 3-5 years in market risk management; strong academic background in Finance or Mathematics preferred.
The predicted salary is between 43200 - 72000 £ per year.
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)
Contact Details:
NCAA (National Collegiate Athletic Association) Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Risk - Market Risk - Analyst/Associate - London
✨Tip Number 1
Familiarise yourself with key market risk measures such as VaR, stress testing, and the greeks. Understanding these concepts will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the finance and risk management sectors. Attend industry events or webinars to connect with people who can provide insights into the role and potentially refer you.
✨Tip Number 3
Stay updated on current market trends and economic indicators that could impact market risk. Being able to discuss recent developments during your interview will show your proactive approach and understanding of the field.
✨Tip Number 4
Practice explaining complex financial concepts in simple terms. This skill is crucial for communicating with senior management and stakeholders, so being able to articulate your thoughts clearly will set you apart.
We think you need these skills to ace Risk - Market Risk - Analyst/Associate - London
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 the job description.
Highlight Relevant Experience:In your CV and cover letter, emphasise your experience in market risk management or similar roles. Use specific examples to demonstrate your understanding of financial products, risk measures, and your ability to analyse risk-taking activities.
Showcase Analytical Skills:Since the role requires strong analytical abilities, include instances where you've successfully used quantitative analysis or problem-solving skills. Mention any familiarity with tools like Excel, Bloomberg, or coding skills that could be beneficial for the role.
Communicate Effectively:Demonstrate your ability to communicate complex information clearly. In your application, use straightforward language to explain your past experiences and how they relate to the role. This will show your capability to engage with senior management and stakeholders.
How to prepare for a job interview at NCAA (National Collegiate Athletic Association)
✨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 the firm.
✨Showcase Your Analytical Skills
Demonstrate your problem-solving abilities by discussing past experiences where you analysed risk-taking behaviours. Use specific examples to illustrate how you influenced outcomes through your analysis.
✨Communicate Effectively
Practice explaining complex financial concepts in simple terms. You may need to communicate with senior management, so being able to convey your ideas clearly and concisely is crucial.
✨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.
