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For Companies At a Glance
- Tasks: Join a dynamic team calculating and analysing capital metrics and operational risk.
- Company: Goldman Sachs is a leading global financial services firm with a rich history since 1869.
- Benefits: Enjoy diverse opportunities for growth, wellness programs, and a commitment to inclusion.
- Why this job: Work on challenging quantitative problems in a creative, collaborative environment with industry-leading data.
- Qualifications: Masters or Bachelors in a quantitative field; experience in risk management is a plus.
- Other info: Ideal for self-motivated individuals with strong ethics and attention to detail.
The predicted salary is between 36000 - 60000 £ per year.
OVERVIEW
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong, Bengaluru and other major financial centers around the world.
Risk Engineering (“RE”), which is part of the Risk Division, is a central part of the Goldman Sachs risk management framework, with primary responsibility to provide robust metrics, data-driven insights, and effective technologies for risk management. RE is staffed globally with offices including New York, Dallas, Salt Lake City, London, Warsaw, Bengaluru, Singapore, and Tokyo. Analytics & Reporting (A&R) is responsible for reviewing, publishing, interpreting and communicating the firm’s independent and authoritative risk and capital measures. This includes understanding financial/non-financial risk by analyzing risk and capital metrics to evaluate, explain and justify features and emerging trends observed in the Firm’s risk data.
ROLE DESCRIPTION
We are seeking a candidate to join the A&R – Capital and Financial Reporting team. The successful candidate will be an integral part of a pan-risk team responsible for the calculation and analysis of capital metrics and stress test results, with a focus on the delivery of operational risk components of the Comprehensive Capital Analysis and Review (CCAR) exercise and the calculation of Operational Risk Weighted Assets (RWA), involving:
- Supporting the end-to-end CCAR operational risk loss projection process, including communicating timelines and facilitating review and challenge to achieve timely completion of a key regulatory deliverable
- Calculating analysing and reporting on Operational RWA results
- Liaising with groups such as Modelers/Strats, Controllers, Enterprise Risk, trading and investing businesses, Legal, Compliance, Model Risk Management and the firm’s Insurance group to gather inputs and communicate insights
- Interacting with Operational Risk specialists in domains such as cyber risk and algorithmic trading risk
- Identifying areas of potential improvement and interpreting the results of sensitivity analysis
- Working with Engineers to develop, test and integrate enhanced workflows to deliver automation, maximize efficiency, improve control and enhance the results’ timeliness and accuracy
- Preparing materials for the firm’s internal governing bodies such as Risk Committees and executive members of the firm
WHAT WE LOOK FOR
The role is ideal for collaborative individuals who have sound technical skills, financial risk acumen, strong ethics, and attention to detail.
OPPORTUNITIES
In performing the job function, you will have the following opportunities:
- Work in a dynamic & highly creative teamwork and consensus-orientated environment
- Exposure to industry leading market data, pricing and risk and capital models for all activities the Firm engages in
- Exposure to challenging quantitative problems and large volumes of data (a.k.a ‘Big Data’) and the tools and techniques to interact with, and determine meaningful interpretations of, such data
- Development of economic, financial product and market knowledge
SKILLS AND RELEVANT EXPERIENCE
- Masters or Bachelors degree in a quantitative discipline such as financial engineering, economics, mathematics, physics, econometrics or engineering
- Experience of risk measurement, operational risk management and/or the delivery of regulatory projects involving multiple stakeholders
- Excellent written and verbal communication skills
- Entrepreneurial, creative, self-motivated and team-orientated
- Practical knowledge of mathematics and numerical algorithms, including statistics and time series analysis
- Experience with, or keen interest to develop expertise in, development of risk analytics, interpretation and productivity tools for cultivating insights into risk & capital metric data
- Experience with, or keen interest to develop expertise in, pricing, risk and capital models
- Experience with, or keen interest to develop expertise in, financial markets & economics
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
The Goldman Sachs Group, Inc., 2023. All rights reserved.
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. #J-18808-Ljbffr
Risk - Analytics & Reporting - Associate - Birmingham employer: WeAreTechWomen
Contact Detail:
WeAreTechWomen Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk - Analytics & Reporting - Associate - Birmingham
✨Tip Number 1
Familiarise yourself with the Comprehensive Capital Analysis and Review (CCAR) process. Understanding how operational risk loss projections are calculated and reported will give you a significant edge in interviews.
✨Tip Number 2
Network with professionals in the risk management field, especially those who have experience with operational risk and capital metrics. Engaging in discussions can provide insights into the role and may lead to valuable referrals.
✨Tip Number 3
Stay updated on current trends in financial markets and risk management practices. Being able to discuss recent developments or challenges in the industry during your interview can demonstrate your passion and knowledge.
✨Tip Number 4
Develop your technical skills related to data analysis and risk modelling. Familiarity with tools and techniques used in risk analytics will not only enhance your application but also prepare you for the technical aspects of the role.
We think you need these skills to ace Risk - Analytics & Reporting - Associate - Birmingham
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk measurement, operational risk management, and any regulatory projects you've been involved in. Use specific examples that demonstrate your analytical skills and attention to detail.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background in quantitative disciplines aligns with the requirements of the position, and provide examples of your collaborative work style and problem-solving abilities.
Highlight Technical Skills: Clearly outline your technical skills related to mathematics, statistics, and risk analytics in your application. If you have experience with specific tools or models mentioned in the job description, be sure to include those as well.
Showcase Communication Skills: Since excellent written and verbal communication skills are essential for this role, consider including a brief example in your application that illustrates your ability to communicate complex information effectively, whether through reports, presentations, or team collaborations.
How to prepare for a job interview at WeAreTechWomen
✨Understand the Role
Make sure you have a solid grasp of what the Analytics & Reporting team does, especially in relation to capital metrics and operational risk. Familiarise yourself with terms like CCAR and RWA, as well as the key responsibilities outlined in the job description.
✨Showcase Your Technical Skills
Be prepared to discuss your experience with quantitative disciplines and risk measurement. Highlight any relevant projects or coursework that demonstrate your analytical abilities and familiarity with financial models.
✨Communicate Effectively
Since the role involves liaising with various stakeholders, practice articulating complex ideas clearly and concisely. Prepare examples of how you've successfully communicated insights or findings in previous roles or academic settings.
✨Demonstrate Team Collaboration
The position requires a collaborative mindset. Be ready to share experiences where you worked effectively within a team, particularly in high-pressure situations or when dealing with multiple stakeholders.
