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Risk - London - Analyst - Quant Engineer

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Goldman Sachs

Aug 5, 2024

Applications are closed

  • Job
    Full-time
    Entry, Junior & Mid Level
  • London

Requirements

  • Preferred Master’s Degree in a quantitative field such as Mathematics, Statistics, Physics, or Financial Engineering
  • Deep knowledge in statistical modeling, such as regression, time series analysis, machine learning etc.
  • Strong programming skills and experience with languages, such as C++, Python, R, Matlab
  • Familiar with options and derivatives pricing theories
  • Experience with, or keen interest to develop expertise in risk, and capital models
  • Experience with, or keen interest to develop expertise in financial markets & economics
  • Excellent written and verbal communication skills
  • Entrepreneurial, creative, self-motivated, and team-orientated

Responsibilities

  • Understand financial risk by analyzing pricing, risk and capital model outputs to evaluate, explain and justify features observed in the firm’s market risk data
  • Enhance and manage processes that quantify, review, explain and convey insight for risk and capital measures for a large, diverse set of financial products or activities across the firm. This involves developing and maintaining models and tools to understand risk & capital metrics at varying levels of aggregation across the firm
  • Provide quantitative and qualitative risk analysis, to estimate financial risk of the firm’s transactions
  • Streamline and automate risk analysis and reporting to enhance the firm’s metric accuracy, timeliness, and availability for stakeholders within and outside of the Risk Division
  • Develop, test, and integrate new/enhanced workflows and write/maintain corresponding documentation
  • Perform anomaly detection on large data sets, investigate root cause, and recommend corrective actions
  • Liaise with groups such as Engineers, Controllers, and Business to understand and explain observations in risk data
  • Build and maintain a comprehensive set of reports and presentations for market risk capital for reporting to regulators, internal risk committees and senior leadership across Risk, Controllers, and the Business
  • Communicate complex ideas with internal/external stakeholders such as risk managers, market making businesses, technology, and senior management.

FAQs

What is the main focus of the Market Risk Capital – Risk Engineering group at Goldman Sachs?

The main focus of the Market Risk Capital – Risk Engineering group is to provide robust metrics, data-driven insights, and effective technologies for risk management, primarily dealing with market risk and capital measures.

What are the primary responsibilities of the Analyst - Quant Engineer role?

The primary responsibilities include analyzing pricing, risk and capital model outputs, developing and maintaining models and tools for understanding risk and capital metrics, automating risk analysis and reporting, performing anomaly detection on data sets, and communicating findings to various stakeholders.

What qualifications are preferred for candidates applying for this position?

Preferred qualifications include a Master’s Degree in a quantitative field such as Mathematics, Statistics, Physics, or Financial Engineering, along with deep knowledge in statistical modeling and strong programming skills in languages such as C++, Python, R, or Matlab.

Is prior experience in financial markets required for this role?

While prior experience is not specifically required, a keen interest in developing expertise in financial markets and economics is highly desirable.

Will I have the opportunity to collaborate with senior members of the firm?

Yes, the role provides numerous opportunities to collaborate with senior members of the firm as well as a variety of groups across all areas of the firm.

What are some skills that would be beneficial in this position?

Beneficial skills include strong programming capabilities, knowledge in statistical modeling, excellent written and verbal communication skills, and qualities such as being entrepreneurial, creative, self-motivated, and team-oriented.

Does Goldman Sachs prioritize diversity and inclusion in its hiring process?

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

What kind of exposure can one expect in this role?

One can expect exposure to industry-leading market data, pricing, risk and capital models, challenging quantitative problems, large volumes of data, and critical internal risk management activities.

Will there be opportunities for training and development?

Yes, Goldman Sachs offers training and development opportunities as part of its commitment to employee growth.

Are there accommodations for candidates with special needs during the recruitment process?

Yes, Goldman Sachs is committed to finding reasonable accommodations for candidates with special needs or disabilities during the recruiting process.

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Goldman Sachs

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.