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.
We are looking for a professional to join the second line of defense Market Risk group in Paris.
KEY RESPONSIBILITIES
Ongoing review of risk measures (VaR, greeks, stress tests) and interaction with 1st line risk takers
Analyze key risks across the Equity Franchise, formulating stress tests, and presenting results to Risk & Trading management.
Ability to use coding skills to develop on-desk risk dashboards and provide insights on market trends and emerging risks
Reviewing European entity risks and ensuring compliance with local governance framework and controls
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 (. basis risks, crowded trades)
Limit/threshold setting and monitoring
Connect events (. 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
Work collaboratively across functions to deliver on regulatory obligations
QUALIFICATIONS
1 - 3 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 or a related quantitative/analytical discipline preferred
1+ year coding experience mandatory
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
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)
ABOUT GOLDMAN SACHS At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities 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're committed 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 /careers. We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.
