Risk - Market Risk - Analyst/Associate - Birmingham Birmingham · United Kingdom · Analyst

Goldman Sachs Bank AG; Birmingham; On-site; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a skilled market risk analyst to join their Risk Division. This role involves the independent review of market risks and the development of effective risk measures. You will have the opportunity to collaborate with various departments, influence outcomes through thorough risk analysis, and communicate complex information to senior management. The ideal candidate will possess a strong background in finance or mathematics and have experience in market risk management. Join a dynamic team where your contributions will help shape the firm’s risk management strategies and ensure regulatory compliance.

Qualifications

• 3-5 years of experience in market risk management or similar role.
• Strong academic record in finance, mathematics, or related field.

Responsibilities

• Review risk measures and interact with risk takers.
• Evaluate risk behavior through portfolio and transaction analysis.

Skills

Market Risk Management

Problem Solving

Communication Skills

Analytical Skills

Collaboration

Education

Bachelor's degree in Finance

Bachelor's degree in Mathematics

Related quantitative/analytical discipline

Tools

Excel

Bloomberg

Refinitiv Eikon

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

• 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)