Sarah Executive Director/Vice President, Market Risk Management and Analysis Finance division, London
The complexity and scope of products is always increasing and evolving here at Goldman Sachs, so my work is also always evolving. I get to work with people across the firm, such as modellers, traders, strategists and market risk technologists.
I work in the Finance division of Goldman Sachs, as part of a global team of risk specialists that independently analyses and reports the firm's market risk. We look at what’s happening in the market and demonstrate how these market events could financially affect Goldman Sachs. We focus on the European region, but we work closely with our counterparts across regions in both New York and Asia.
In order to get a broad perspective of trading business risks, globally and in Europe, we have to assimilate and process information from multiple sources. The ability to incorporate such a vast amount of information is key and gives me plenty of opportunity to keep learning each day.
The work here is primarily team-based; we work together to provide European and global risk packages to senior leaders, highlighting key risks. I also work individually on specific product lines and projects to gain greater insight into trading activities and risks so that I can bring this expertise and insight to the larger team.
As a part of my role on the team, I review the overnight market news and commentary for the U.S. and Asia and catch up with market news for the European open. Mornings are usually spent analysing the daily risk changes in relation to market moves and new trades, and sending reports and commentaries to senior management for each of the trading businesses.
Highlighting the firm’s key risks is a challenging task because senior management and regulators tend to ask tough questions, and we need to have the answers at our fingertips.
The complexity and scope of products is always increasing and evolving here at Goldman Sachs, so my work is also always evolving. I get to work with people across the firm, such as modellers, traders, strategists and market risk technologists. It’s a pleasure to work with such a diverse, dedicated and knowledgeable group of individuals.
I first joined Goldman Sachs through the summer internship programme while studying Mathematics at Warwick University. The 10-week programme gave me the opportunity to experience both the industry and the culture of the firm and to discover through networking where I would best fulfil my potential.
Based on this experience, and after completing analyst training in New York, I joined Goldman Sachs permanently as a Market Risk analyst in London. The time taken by senior employees to welcome our class to the firm and to attend networking events was truly impressive. It was obvious from the start that reputation, culture and business principles play a huge part in Goldman’s success.
Over the past six years I have covered a broad range of product classes across both the securities and investment management divisions. Using the skills and expertise I have developed I’m currently focused on building a better understanding of our business risks, identifying any material gaps in our control framework and ensuring the appropriate level of oversight of all our commitments. Constantly pushing myself and being open to new opportunities has allowed me to progress quickly and gain an expansive understanding of the firm.
Having studied Mathematics, I had always considered a career in insurance, as an actuary, however at university I learned about the vast array of roles within investment banks. After my experience on the internship programme I realised that the atmosphere in an investment bank suited me. As for working at Goldman Sachs, to be part of a market-leading firm was certainly part of my aspirations.
It’s definitely a career you must have a lot of passion for. The hours can be long, the days intensive and the work tough, but there are definite rewards.
Goldman Sachs offers excellent opportunities in career development, both through training and internal mobility. I am proud to be involved with recruiting and training new individuals, and I have seen first-hand the benefits of sharing knowledge and providing new challenges to the best people. Like an unpredictable market, what the future holds is unknown, but I feel certain it will hold many opportunities to develop and progress.