Risk - Market Risk - Analyst/Associate - London 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 regulatorypliance 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
1. Ongoing review of risk measures (VaR, greeks, stress tests) and interaction with 1st line risk takers
2. Evaluate risk taking behavior and influence oues through portfolio and transaction level risk analysis taking into consideration risk appetite
3. Collaboration with Risk Engineering colleagues on the development of new risk measures / stress tests and improvements to existing measures
4. Proactive identification of emerging risks ( basis risks, crowded trades)
5. Limit/threshold setting
6. Connect events ( macroeconomic data releases, political elections) to potential vulnerabilities
7. Dissemination of information and education of stakeholders through effective and timelymunication and collaboration
QUALIFICATIONS
8. Three to five years of experience in market risk management or similar role with transferable skills
9. Strong academic record with Bachelor's degree, equivalent or above in Finance, Mathematics or a related quantitative/analytical discipline preferred
10. Understanding of financial products including their risk/reward tradeoffs
11. Understanding of market risk measures, concepts, and regulatory rules: VaR, stress testing, greeks, Volcker rule, CCAR
12. Excel, Bloomberg, Refinitiv Eikon familiarity, and ability to pick up in-house systems
13. Ability to code desirable
14. Proven problem solving ability and control mindset
15. Able to analyze and challenge risk taking activities while engaging effectively with first line of defense
16. Desire and ability to collaborate with people from different departments and levels of seniority
17. Desire and ability tomunicateplex information and concepts in layperson terms directly with senior management (both written and verbally)
ABOUT GOLDMAN SACHS
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Job ID 300006283374774