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For Companies At a Glance
- Tasks: Join a dynamic team to analyse risk metrics and deliver key regulatory reports.
- 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: Gain hands-on experience in risk management while collaborating with industry experts.
- Qualifications: A degree in a quantitative field and a passion for risk analytics are essential.
- Other info: This role offers exposure to big data and critical internal risk management activities.
The predicted salary is between 43200 - 72000 £ 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 VP-level 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:
- Managing the end-to-end CCAR operational risk loss projection process, establishing and communicating timelines to achieve timely completion of a key regulatory deliverable and performing review and challenge to ensure high-quality output
- Calculating and analysing 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
- Working with Operational Risk specialists in domains such as cyber risk and algorithmic trading risk who review risk and control self-assessment (RCSA) results and business environment and internal control factors (BEICFs) and facilitate workshops with trading and investing businesses to inform scenario analysis used to estimate loss projections
- Identifying areas of potential improvement and interpreting the results of sensitivity analysis to fine-tune methodologies and assumptions and achieve the appropriate balance of conservativeness and commerciality
- Working with Engineers to develop, test and integrate enhanced workflows to deliver automation, maximize efficiency, improve control and enhance the results’ timeliness and accuracy
- Writing and consolidating documentation to explain processes, and contributing to firmwide documents such as the firm’s Capital Plan
- Presenting to and preparing materials for the firm’s internal governing bodies such as Risk Committees and executive members of the firm
- Interacting with the firm’s external governing bodies such as external regulators and industry groups
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. Whether offering analytical insights or engaging with the firm’s regulators, the role gives you a holistic experience of being a risk management professional.
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
- Engagement in critical internal risk management activities, and provision of data to both internal and external stakeholders and firm governing bodies
- Opportunities to work with senior members of the firm and a wide variety of groups across all areas of the firm
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: 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 - Vice President - Birmingham employer: WeAreTechWomen
Contact Detail:
WeAreTechWomen Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk - Analytics & Reporting - Vice President - Birmingham
✨Tip Number 1
Network with professionals in the risk management field, especially those who have experience with operational risk and regulatory projects. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in risk analytics.
✨Tip Number 2
Familiarise yourself with the Comprehensive Capital Analysis and Review (CCAR) process. Understanding the nuances of this regulatory requirement will not only enhance your knowledge but also demonstrate your commitment to the role during interviews.
✨Tip Number 3
Develop a strong grasp of financial metrics and risk models relevant to the position. Being able to discuss these concepts confidently will set you apart from other candidates and show that you are well-prepared for the challenges of the role.
✨Tip Number 4
Prepare to showcase your analytical skills through practical examples. Be ready to discuss how you've used data-driven insights to influence decision-making in previous roles, as this aligns closely with the responsibilities of the position.
We think you need these skills to ace Risk - Analytics & Reporting - Vice President - Birmingham
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk management, analytics, and reporting. Use specific examples that demonstrate your skills in financial risk acumen and technical expertise.
Craft a Compelling Cover Letter: Write a cover letter that clearly articulates your interest in the role and how your background aligns with the responsibilities outlined in the job description. Mention your experience with regulatory projects and collaboration with multiple stakeholders.
Highlight Technical Skills: Emphasise your technical skills related to risk measurement and operational risk management. Include any experience with quantitative disciplines, numerical algorithms, and risk analytics tools that are relevant to the position.
Showcase Communication Abilities: Since excellent written and verbal communication skills are crucial for this role, provide examples of how you have effectively communicated complex information to various stakeholders in previous positions.
How to prepare for a job interview at WeAreTechWomen
✨Understand the Role and Responsibilities
Before the interview, make sure you thoroughly understand the specific responsibilities of the VP role in Analytics & Reporting. Familiarise yourself with the Comprehensive Capital Analysis and Review (CCAR) process and operational risk metrics, as this will help you articulate your relevant experience and how it aligns with the firm's needs.
✨Showcase Your Technical Skills
Be prepared to discuss your technical skills in quantitative disciplines such as financial engineering or mathematics. Highlight any experience you have with risk measurement and operational risk management, as well as your familiarity with numerical algorithms and statistical analysis, which are crucial for this position.
✨Demonstrate Collaboration and Communication Skills
Since the role involves liaising with various teams and stakeholders, emphasise your collaborative nature and strong communication skills. Prepare examples of past experiences where you successfully worked in a team environment or communicated complex information to non-technical audiences.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities and decision-making skills in risk management contexts. Think about how you would approach challenges related to operational risk and capital metrics, and be ready to discuss your thought process and methodologies.