MORE ABOUT THIS JOB RISK The Risk group is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.
Job Summary & Responsibilities
Goldman Sachs Overview
The Goldman Sachs Group, Inc. is 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 high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. Department Overview The Model Risk Management (MRM) group is a multidisciplinary group of quantitative experts at Goldman Sachs with presence in New York, London, Singapore, Hong Kong, and Bangalore. The group's primary mandate is to manage risk that arises from quantitative models used in the firm through its range of businesses � from models used for derivatives valuation, risk management, liquidity and capital computations, etc. 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 Model Risk Control Governance team, part of Model Risk Management Group ("MRM"), is responsible for supporting the Model Risk Control Committee ("MRCC") in establishing, enforcing and maintaining an effective Model Risk Management framework and governance structure across the firm. The team is responsible for maintaining the Firmwide Model inventory and establishing standards to ensure appropriate model risk assessment. In addition, the team monitors compliance, by model users or developers, with certain standards regarding development, implementation and use of models or changes to models. We are looking for an experienced candidate at VP level to join our London team to help with implementing and supporting an efficient workflow and ad hoc enhancement projects.
Responsibilities Assist and participate in ongoing projects of Model Risk Control Governance team. Develop an understanding of MRM's processes and systems to support internal users and modeler teams with various procedural tasks. Assist in identifying opportunities for increasing automation to our existing workflow. Develop computer scripts to automate processes and procedures currently performed manually. Participate in generating data or information in response to various ad-hoc internal and external requests from a variety of areas.
RESPONSIBILITIES AND QUALIFICATIONS Basic Qualifications
Master's or PhD Degree in a quantitative discipline
Strong Interest in Finance
Critical/objective thinker, able to think through processes and engineer workflows
Past work experience with Operational, Risk, Regulatory, Audit, Legal or Technology functions
Programing skills in any commonly used programming language, for example Python, Matlab, C/C++/C#, Java, VB, etc.
Very strong communication skills, with above average presentation skills
Work effectively in a team setting and able to work well under pressure
Proactive and able to work independently by taking ownership and initiative on projects/tasks
ABOUT GOLDMAN SACHS 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.