Risk - Capital Risk Engineer - Associate - Birmingham

Goldman Sachs Bank AG; Birmingham; On-site; GBP 50,000 - 80,000; Full time

Job summary

A leading global financial services firm based in Birmingham seeks a Risk Engineer for risk management tasks. Responsibilities include analyzing financial risk, enhancing reporting processes, and collaborating with various stakeholders. Ideal candidates will possess a Master's degree in a quantitative field and have a strong foundation in programming with Python and Tableau. Comprehensive benefits include healthcare, fitness incentives, and child care support.

Benefits

Healthcare & Medical Insurance

Competitive vacation policies

Child Care Assistance

Fitness reimbursements

Qualifications

• Preferred Master's Degree in Business or in a quantitative field such as Mathematics, Statistics, Physics, or Engineering.
• Experience with pricing, risk, and capital models.
• Excellent written and verbal communication skills.

Responsibilities

• Understand financial risk through analysis of pricing and risk data.
• Enhance processes that quantify risk and capital measures.
• Liaise with various teams to explain observations in risk data.

Skills

Analytical skills

Programming skills

Communication skills

Education

Master's Degree in Business or a quantitative field

Tools

Python

Tableau

Job description

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. The Market Risk Capital group in RE is a multidisciplinary group of quantitative and analytics experts focusing on market risk and capital measures. The group is primarily responsible for reviewing, publishing, interpreting, and communicating the firm’s independent and authoritative risk and capital measures, with additional responsibilities in developing, implementing, and maintaining a range of models and quantitative tools.

The responsibilities will include:

• Understand financial risk by analyzing pricing, risk and capital model outputs to evaluate, explain and justify features observed in the firm’s market risk data
• Enhance and manage processes that quantify, review, explain and convey insight for risk and capital measures for a large, diverse set of financial products or activities across the firm. This involves developing and maintaining tools to understand risk & capital metrics at varying levels of aggregation across the firm
• Provide quantitative and qualitative risk analysis to estimate financial risk of the firm’s transactions
• Streamline and automate risk analysis and reporting to enhance the firm’s metric accuracy, timeliness, and availability for stakeholders within and outside of the Risk Division
• Develop, test, and integrate new/enhanced workflows and write/maintain corresponding documentation
• Perform anomaly detection on large data sets, investigate root cause, and recommend corrective actions
• Liaise with groups such as Modelers/Strats, Engineers, Controllers, and Business to understand and explain observations in risk data
• Build and maintain a comprehensive set of reports and presentations for market risk capital for reporting to regulators, internal risk committees and senior leadership across Risk, Controllers, and the Business
• Communicate complex ideas with internal/external stakeholders such as risk managers, market making businesses, technology, and senior management.

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 market risks associated with trading activities or offering analytical insights and 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:

• Broad exposure to risk and capital models for a variety of financial products
• Development of quantitative and programming skills as well as product and market knowledge
• Work in a dynamic and highly creative team construct and consensus-orientated environment
• Exposure to industry leading market data, pricing, risk & capital models for all activities that the firm engages in across divisions
• Exposure to challenging quantitative problems and advanced analysis/approximation techniques for risk measurement
• Exposure to large volumes of data (a.k.a ‘Big Data’) and the tools & techniques to interact with, and make meaningful interpretations from such data
• Development of knowledge in economics, financial products, and markets
• Engagements in critical internal risk management activities, and report risk metrics/analysis to both internal and external governing bodies
• Opportunities to collaborate with senior members of the firm and a wide variety of groups across all areas of the firm

SKILLS AND RELEVANT EXPERIENCE

• Preferred Master’s Degree in Business or in a quantitative field such as Mathematics, Statistics, Physics, or Engineering
• 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
• Experience with, or keen interest to develop expertise in programming and dashboarding skills with languages/tools such as Python and Tableau
• Experience with, or keen interest to develop expertise in development of risk analytics, interpretation & productivity tools for insights into risk & capital metric data
• Excellent written and verbal communication skills
• Entrepreneurial, creative, self-motivated, and team-orientated

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 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.

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.