Job Description

The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.
The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment


management firm that provides a wide range of financial services to a substantial and diversified


client base that includes corporations, financial institutions, governments, and individuals. Founded


in 1869, the firm is headquartered in New York and maintains offices in all major financial centers


around the world. We commit people, capital and ideas to help our clients, shareholders and the


communities we serve to grow. Our people are our greatest asset - we say it often and with good


reason. It is only with the determination and dedication of our people that we can serve our clients,


generate long-term value for our shareholders and contribute to the broader public. We take pride in


supporting each colleague both professionally and personally. From collaborative workspaces and


ergonomic services to wellbeing and resilience offerings, we offer our people the flexibility and


support they need to reach their goals in and outside the office.





RISK BUSINESS

The Risk Business identifies, monitors, evaluates, and manages the firm's financial and non-financial


risks in support of the firm's Risk Appetite Statement and the firm's strategic plan. Operating in a fast


paced and dynamic environment and utilizing the best in class risk tools and frameworks, Risk


teams are analytically curious, have an aptitude to challenge, and an unwavering commitment to


excellence.





BUSINESS UNIT : The Model Risk Management (MRM) group is a multidisciplinary group of


quantitative experts at Goldman Sachs with presence in New York, Dallas, London, Warsaw, Hong


Kong, and Bangalore. The MRM group is responsible for independent oversight of Model Risk at the


firm, ensuring compliance with Firmwide Policy on Model Control and related standards, including


documentation to evidence effective challenge over the Model development, implementation and


usage of Models.





The group's primary mandate is to manage risk that arises from models used in the firm through its


range of businesses- from models used for derivatives valuation to models used for risk


management, liquidity and capital computations. In addition to independently reviewing these


classes of models for their validity, theoretical consistency and implementation accuracy, the group


is also responsible to assess the risk associated with model choice, e.g., exposure to choice of


model in various contexts such as pricing exotic options or in calculating capital.


The analysis and reporting team is a new function within the MRM group that is responsible for


analyzing, monitoring and reporting on model risk for the firm. The group works collaboratively with


the model validation team to understand and communicate results of model validation activities,


changes in model risk and other model-related issues to key stakeholders and management.





WHAT WE LOOK FOR

This business is ideal for collaborative individuals who have strong ethics and attention to detail.


Whether assessing the creditworthiness of the firm's counterparties, monitoring market risks


associated with trading activities, or offering analytical and regulatory compliance support, our work


contributes directly to the firm's success.


The MRM group looks for people with strong quantitative and technical backgrounds and a strong


interest in financial markets. We seek bright and dynamic individuals with a degree in quantitative


fields such as math, physics, engineering, computer science, or financial engineering.





RESPONSIBILITIES

• Perform validation and approval of the firm's models by verifying conceptual soundness,

methodology, and implementation, and by identifying limitations and uncertainties


• Assess and quantify model risk by developing alternative benchmark models
• Oversee monitoring of ongoing model performance
• Communicate validation outcomes to key stakeholders and management
SKILLS AND RELEVANT EXPERIENCE

• Excellent quantitative problem solving skills
• Experience in stochastic modeling, numerical simulation, and data analysis
• Machine learning knowledge
• Good communication skills with the ability to explain complex problems in a simple way
• Eagerness and ability to learn new technologies and programming languages
• Excellent organizational skills
• Team orientation and ability to work in a fast paced environment
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 GS.com/careers.



We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html





The Goldman Sachs Group, Inc., 2023. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity