Risk - Market Risk - Analyst/Associate - Birmingham

Goldman Sachs; West Midlands Combined Authority; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player seeks a talented individual to join their Risk Division, focusing on market risk management. This role involves ongoing evaluation of risk measures, collaboration with engineering teams, and proactive identification of emerging risks. The ideal candidate will possess a strong academic background in finance or mathematics and have experience in risk analysis. Join a dynamic team committed to fostering diversity and inclusion while making an impact in the financial sector. This is an exciting opportunity to grow professionally in a supportive environment that values innovation and teamwork.

Benefits

Training and development opportunities

Diversity and inclusion programs

Wellness offerings

Mindfulness programs

Qualifications

• 1-5 years of experience in market risk management or similar role.
• Strong academic record with a Bachelor's degree in a quantitative field.

Responsibilities

• Review risk measures and interact with risk takers.
• Evaluate risk taking behavior and influence outcomes.
• Collaborate on development of new risk measures and stress tests.

Skills

Market Risk Management

Risk Analysis

Problem Solving

Communication Skills

Collaboration

Quantitative Analysis

Financial Products Knowledge

Education

Bachelor's degree in Finance

Bachelor's degree in Mathematics

Related quantitative/analytical discipline

Tools

Excel

Bloomberg

Refinitiv Eikon

Job description

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

• One 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

The Goldman Sachs Group, Inc., 2023. All rights reserved.

Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity