Risk - Analytics & Reporting - Vice President - BirminghamJob Description
OVERVIEW
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions,ernments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong, Bengaluru and other major financial centers around the world.
Risk Engineering ("RE"), which is part of the Risk Division, is a central part of the Goldman Sachs risk management framework, with primary responsibility to provide robust metrics, data-driven insights, and effective technologies for risk management. RE is staffed globally with offices including New York, Dallas, Salt Lake City, London, Warsaw, Bengaluru, Singapore, and Tokyo. Analytics & Reporting (A&R) is responsible for reviewing, publishing, interpreting andmunicating the firm's independent and authoritative risk and capital measures. This includes understanding financial/non-financial risk by analyzing risk and capital metrics to evaluate, explain and justify features and emerging trends observed in the Firm's risk data.
ROLE DESCRIPTION
We are seeking a VP-level candidate to join the A&R - Capital and Financial Reporting team. The successful candidate will be an integral part of a pan-risk team responsible for the calculation and analysis of capital metrics and stress test results, with a focus on the delivery of operational riskponents of theprehensive Capital Analysis and Review (CCAR) exercise and the calculation of Operational Risk Weighted Assets (RWA), involving:
1. Managing the end-to-end CCAR operational risk loss projection process, establishing andmunicating timelines to achieve timelypletion of a key regulatory deliverable and performing review and challenge to ensure high-quality output
2. Calculating and analysing Operational RWA results
3. Liaising with groups such as Modelers/Strats, Controllers, Enterprise Risk, trading and investing businesses, Legal,pliance, Model Risk Management and the firm's Insurance group to gather inputs andmunicate insights
4. Working with Operational Risk specialists in domains such as cyber risk and algorithmic trading risk who review risk and control self-assessment (RCSA) results and business environment and internal control factors (BEICFs) and facilitate workshops with trading and investing businesses to inform scenario analysis used to estimate loss projections
5. Identifying areas of potential improvement and interpreting the results of sensitivity analysis to fine-tune methodologies and assumptions and achieve the appropriate balance of conservativeness andmerciality
6. Working with Engineers to develop, test and integrate enhanced workflows to deliver automation, maximize efficiency, improve control and enhance the results' timeliness and accuracy
7. Writing and consolidating documentation to explain processes, and contributing to firmwide documents such as the firm's Capital Plan
8. Presenting to and preparing materials for the firm's internalerning bodies such as Riskmittees and executive members of the firm
9. Interacting with the firm's externalerning bodies such as external regulators and industry groups
WHAT WE LOOK FOR
The role is ideal for collaborative individuals who have sound technical skills, financial risk acumen, strong ethics, and attention to detail. Whether offering analytical insights or engaging with the firm's regulators, the role gives you a holistic experience of being a risk management professional.
OPPORTUNITIES
In performing the job function, you will have the following opportunities:
10. Work in a dynamic & highly creative teamwork and consensus-orientated environment
11. Exposure to industry leading market data, pricing and risk and capital models for all activities the Firm engages in
12. Exposure to challenging quantitative problems and large volumes of data ( 'Big Data') and the tools and techniques to interact with, and determine meaningful interpretations of, such data
13. Development of economic, financial product and market knowledge
14. Engagement in critical internal risk management activities, and provision of data to both internal and external stakeholders and firmerning bodies
15. Opportunities to work with senior members of the firm and a wide variety of groups across all areas of the firm
SKILLS AND RELEVANT EXPERIENCE
16. Masters or Bachelors degree in a quantitative discipline such as financial engineering, economics, mathematics, physics, econometrics or engineering
17. Experience of risk measurement, operational risk management and/or the delivery of regulatory projects involving multiple stakeholders
18. Excellent written and verbalmunication skills
19. Entrepreneurial, creative, self-motivated and team-orientated
20. Practical knowledge of mathematics and numerical algorithms, including statistics and time series analysis
21. Experience with, or keen interest to develop expertise in, development of risk analytics, interpretation and productivity tools for cultivating insights into risk & capital metric data
22. Experience with, or keen interest to develop expertise in, pricing, risk and capital models
23. Experience with, or keen interest to develop expertise in, financial markets & economics
ABOUT GOLDMAN SACHS
At Goldman Sachs, wemit our people, capital and ideas to help our clients, shareholders and themunities 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'remitted 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/careers.
We'remitted to finding reasonable amodations for candidates with special needs or disabilities during our recruiting process. Learn more: //goldmansachs/careers/footer/
© 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. Job ID 300012769755396