Risk, Market Risk, Analyst, Birmingham

Goldman Sachs, Inc.; Birmingham; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading global investment banking firm in Birmingham seeks a Market Risk Analyst to review risks, collaborate with stakeholders, and develop risk dashboards. The ideal candidate will have 1-3 years of experience in market risk management and a relevant Bachelor's degree. Strong analytical skills and the ability to communicate insights effectively are essential. Join a diverse team committed to professional and personal growth.

Benefits

Professional development opportunities

Diversity and inclusion initiatives

Health and wellness benefits

Qualifications

• One to three years' experience in market risk management or similar role.
• Strong academic record with a relevant Bachelor's degree.
• Understanding of financial products and market risk concepts.

Responsibilities

• Review European entity risks and ensure compliance with local governance.
• Collaborate to identify risk insights and ensure transparency.
• Develop on-desk risk dashboards and analyze market trends.

Skills

Market risk management

Coding skills

Risk analysis

Communication skills

Education

Bachelor's degree in Finance, Mathematics, Engineering or related

Tools

Excel

Bloomberg

Refinitiv Eikon

Job description

DIVISION AND DEPARTMENT OVERVIEW

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

• Reviewing European entity risks and ensuring compliance with local governance framework and controls
• Work collaboratively across functions to identify risk insights and ensure transparency to key stakeholders
• Ongoing review of risk measures (VaR, greeks, stress tests) and interaction with 1st line risk takers
• Ability to use coding skills to develop on-desk risk dashboards and provide insights on market trends and emerging risks
• 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 monitoring and 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 three years' experience in market risk management or similar role with transferable skills
• Strong academic record with Bachelor's degree, equivalent or above in Finance, Mathematics, Engineering or a related quantitative/analytical discipline preferred
• Ability to code desirable
• Understanding of financial products including their risk/reward tradeoffs
• Understanding of market risk measures, concepts, and regulatory rules: VaR, stress testing, greeks
• Excel, Bloomberg, Refinitiv Eikon familiarity, and ability to pick up in-house systems
• 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 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.