Risk, Market Risk, Analyst, Birmingham
Posted 17 days ago
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Goldman Sachs' Market Risk Analyst will support independent review and management of market risks across the firm's European entities, ensuring compliance with governance and controls. The role involves reviewing risk measures (VaR, greeks, stress tests), developing on-desk risk dashboards using coding skills, and providing portfolio- and transaction-level risk analysis. The analyst will collaborate across functions, identify emerging risks, monitor limits/thresholds, and communicate risk insights to senior management and regulators.
- Compensation
- Not specified
- City
- Birmingham
- Country
- United Kingdom
Currency: Not specified
Full 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 1stline 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)The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.
