RESPONSIBILITIES
Work with Market Risk Analysis, Risk Modelling, Corporate Risk and Derivatives Analysis groups within MRMA to develop models and systems for calculating, analyzing, and reporting the Firm’s trading risks. Responsibilities would span full life cycle of development, from initial analysis and requirements gathering with users, through design, development, testing, release and support.
Candidates will have extensive interaction with risk analysts, quantitative analysts, and front office technologists and strategists. High profile and mission critical projects will require candidates to become familiar with the underlying businesses and product lines we support, as well as our coding and design standards.
DEVELOPMENT PROSPECTS
Recent market events have put the spotlight on Risk Management. The Financial Regulators are laying out a new landscape, resulting in a number of large scale, high-profile technology projects, which offer both technical and business challenges.
This role offers the chance to work in a dynamic, fast-paced environment and will provide exposure to the Market Risk Management business as well as related areas (Front-office trading businesses). Because the Market Risk remit encompasses risk management for the entire firm, there is an opportunity to learn about all financial instruments traded by Goldman Sachs.
The Goldman Sachs Market Risk Management function is cutting edge, pushing the boundaries of large-scale grid computing and java caching technologies. The successful candidate will work on the proprietary SecDB platform – a street-leading front-office risk management platform, encompassing an interpreted, scripting language (Slang) and embedded object database.
BUSINESS UNIT OVERVIEW
The Market Risk Management & Analysis (MRMA) group is responsible for calculating, for all trading desks and all financial products globally, the Firm’s trading risks arising from market factors. These calculations are analyzed and reported to a variety of audiences, including trading desks themselves, as well as senior management of the Firm, and external regulators. MRMA interacts closely with trading desks for the production of these calculations, as position information, market sensitivities, and pricing calculators are shared between the front office and MRMA.
Market Risk Technology (MRT) provides primary Application Development and Technical Support to the MRMA group. MRT is a global team of over 100 developers located in New York, London, Tokyo, Hong Kong and Bangalore.
We are looking for several strong technologists to participate in the design and development of the Firm’s future capabilities around market risk, as well as to participate in the maintenance, enhancement, and daily operation of the existing capabilities. Ideal candidates will possess a combination of strong technical skills, as well as strong interest in the business processes and financial concepts of portfolio risk. Prior knowledge of risk is desirable, but is not required.
SKILLS / EXPERIENCE
MANDATORY
- At least 3 years of expertise and professional experience in at least one of Java or C++
- Significant knowledge of relational database technologies such as Sybase or DB2
- Willingness to embrace a proprietary development language (SecDB and Slang)
- Track record of technical excellence with an emphasis on quality and focus on testing and continuous improvements
The successful candidate will also:
- Demonstrate strong problem solving & analytical skills
- Working knowledge and proficiency in software engineering principles applicable to large-scale systems, backed up by real-project implementation experience
- Be hands-on and take ownership of issues to ensure follow-through
- Have strong communication skills and feel comfortable working in a global team that both welcomes and challenges new ideas
- Have experience of partnering with clients to deliver benefits to the business
- Knowledge of some area of trading, and basic familiarity with one or more categories of financial instruments
- Strong desire to learn about portfolio risk techniques
PREFERRED
- Knowledge of portfolio risk techniques (value at risk, stress testing, scenario analysis, risk attribution, etc.)
- Knowledge of large-scale grid computing techniques
- Knowledge of java clustering and distribution technologies
- Experience of working with large heap JVMs
- Technical Skills:
o Linux/Solaris
o Scripting languages (such as Perl, shell)
o Enterprise-level messaging
QUALIFICATIONS
Degree in a numerical subject, such as computing, engineering, maths or science degree.
COMPETENCIES
- Functional Expertise - Keeps up-to-date with emerging business, economic, and market trends
- Technical Skills - Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills
- Drive and Motivation - Successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
- Client and Business Focus - Effectively handles difficult requests, builds trusting, long-term relationships with clients, helps the client to identify/define needs and manages client/business expectations
- Teamwork – Gives evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions
- Communication Skills - Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with others
- Judgement and Problem solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyses complex issues
- Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value
- Influencing Outcomes - Presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences others' opinions and presents persuasive recommendations
YOUR CAREER
Goldman Sachs is a meritocracy where you will be given all the tools to help you develop. At Goldman Sachs, you will have access to excellent training programmes designed to improve multiple facets of your skills portfolio. Our in-house training programme, ‘Goldman Sachs University’ offers a comprehensive series of courses that you will have access to as your career progresses. Goldman Sachs University has an impressive catalogue of courses which span technical, business and leadership skills training.
In order to help you navigate the organisation, you will be given a mentor from outside of your immediate department. This person will be positioned to provide you with objective advice and guidance on your career development.
We value internal mobility. The chance to take on new challenges in the firm over time will ensure that you remain stimulated and will help in your continued professional and personal development.
WHO WE ARE
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, governments and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.Founded in 1869, Goldman Sachs has long sustained a commitment to hiring and training outstanding leaders. Our business principles are rooted in integrity, a commitment to excellence, innovation and teamwork. These values enable us to execute successfully a business strategy that is focused on extraordinary client service and superior long-term financial performance for our shareholders.We conduct our business in increasingly complex markets. Our people must continually find new ways to provide access to capital, manage risk and provide investment opportunities for our clients to enable them to realise their goals. We judge ourselves on our ability to help clients anticipate and respond to changing market conditions and to create opportunities that merit the trust they place in us.
Goldman Sachs is an Equal Employment Opportunity Employer and does not discriminate in employment on the basis of age, race, colour, gender, national origin, disability, veteran status, or any other basis that is prohibited by applicable law.
Goldman Sachs conducts background checks on individuals offered employment with the firm and employment with Goldman Sachs is conditional upon individuals successfully completing those checks. As part of the background check process, Goldman Sachs may need to obtain a record of disclosable criminal convictions from a government agency such as the Criminal Records Bureau.
The firm has adopted policies on the recruitment of ex-offenders and on the retention, storage and disposal of criminal record information which are available on request.
