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Risk - Market Risk - Analyst/Associate - Birmingham

  • Job
    Full-time
    Junior, Mid & Senior Level
  • Data
    Banking & Finance
  • Birmingham, +6

AI generated summary

  • You need 1-5 years in market risk, a relevant degree, understanding of financial products, risk measures, Excel, coding ability, problem-solving skills, and effective communication with senior management.
  • You will review risk measures, analyze portfolios, develop stress tests, identify emerging risks, set limits, connect events to vulnerabilities, and communicate findings to stakeholders and management.

Requirements

  • 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)

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

FAQs

What is the focus of the Risk Division at Goldman Sachs?

The Risk Division is responsible for independent review of market, credit, operational, model, and liquidity risk, as well as enterprise-wide stress testing.

What are the key responsibilities of the Market Risk Analyst/Associate?

Key responsibilities include ongoing review of risk measures, evaluating risk-taking behavior, collaborating on the development of risk measures, identifying emerging risks, setting limits, connecting events to vulnerabilities, and communicating with stakeholders.

What qualifications are required for this position?

Candidates should have one to five years of experience in market risk management or a similar role, a strong academic record with a Bachelor’s degree in Finance, Mathematics, or a related field, and an understanding of financial products and market risk measures.

What technical skills are preferred for this role?

Familiarity with Excel, Bloomberg, and Refinitiv Eikon is preferred, as well as the ability to code.

How important is collaboration in this role?

Collaboration is very important, as the role requires working with various departments and engaging effectively with the first line of defense.

Will I need to communicate with senior management?

Yes, the role involves communicating complex information and concepts to senior management, both in writing and verbally.

What is the commitment to diversity and inclusion at Goldman Sachs?

Goldman Sachs is committed to fostering and advancing diversity and inclusion in the workplace, ensuring that every individual has opportunities for professional and personal growth.

Is prior knowledge of regulatory rules important for this role?

Yes, understanding market risk measures, concepts, and regulatory rules such as VaR, stress testing, and the Volcker rule is important for this position.

Are there opportunities for professional development within Goldman Sachs?

Yes, Goldman Sachs offers training and development opportunities, firmwide networks, benefits, wellness initiatives, and more to support professional growth.

What is the application process for candidates with disabilities?

Goldman Sachs is committed to providing reasonable accommodations for candidates with special needs or disabilities during the recruiting process. More information can be found in their disability statement on the careers page.

Finance
Industry
10,001+
Employees
1869
Founded Year

Mission & Purpose

Goldman Sachs is a global investment banking, securities, and investment management firm. They offer a range of financial services to corporations, financial institutions, governments, and individuals. Goldman Sachs' primary activities include investment banking, asset management, securities trading, and providing advisory services. Their ultimate mission is to be a leading global financial institution, providing superior financial expertise and solutions to their clients. The purpose of Goldman Sachs is to help their clients achieve their financial goals, manage risk, and navigate complex markets. They aim to drive economic growth, foster innovation, and create long-term value for their clients, shareholders, and the communities they operate in. Goldman Sachs is committed to upholding the highest standards of integrity, professionalism, and client service, serving as a trusted partner and advisor in the world of finance.

Culture & Values

  • Partnership

    We prioritize collaboration and believe in the strength of the collective, creating a culture that fosters teamwork and belonging in the pursuit of professional and personal growth.

  • Client Service

    We lead with a service mindset, working to earn our clients’ trust and exceed their expectations by understanding and overdelivering on their goals.

  • Integrity

    We hold ourselves accountable to the highest ethical standards, insisting on transparency and vigilance from our people as we learn from our experiences and make decisions that instill a sense of pride in our firm.

  • Excellence

    We aspire to nothing less than excellence, striving for exceptional performance and superior results for our clients, our shareholders, and our communities.

Benefits

  • Holiday and Vacation Policies

    We offer competitive vacation policies based on employee level and office location. This is in addition to any number of statutory and public holidays as determined by each office. 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

    The firm provides a number of resources and offerings designed to help our employees achieve their personal financial goals. 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 — from buying a home, to navigating market volatility and investments, legacy and estate planning, tax strategies, and will preparation.

  • 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.

  • Childcare / Family Care

    In some offices, 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.

  • Flexible Working

    Based on manager approval, the following arrangements may be available to help employees meet their personal and family responsibilities: part-time schedules, job sharing, telecommuting, and alternate hours.