Risk, Model Risk Management, Vice President/Executive Director, London

Risk, Model Risk Management, Vice President/Executive Director, London

Job description

Risk, Model Risk Management, Vice President / Executive Director, London RISK

Our Risk teams developprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm.

Risk professionals execute critical day-to-day risk management activities, lead projects, and contribute to the ongoing advancement of a robust risk management program.

Effective coordination with executive management, business units, control departments and technology is critical for success.

MODEL RISK MANAGEMENT (MRM)

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, ensuringpliance 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 capitalputations.

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, , exposure to choice of model in various contexts such as pricing exotic options or in calculating capital.

RESPONSIBILITIES

- Perform independent validation and approval of models, including raising and managing model validation findings






- Conduct annual review and revalidation of existing Models
- Oversee ongoing model performance monitoring, including benchmarking, process verification and oue analysis performed by model developers

QUALIFICATIONS

MRM considers candidates of all degree types, with preference for those in quantitative fields such as math, physics, engineering,puter science, or financial engineering.

For certain positions, advanced degrees (eg, PhD, MFE) may be required.

- Excellent analytical, quantitative, interpersonal, and organizational skills. Team oriented.
- Strong programming skills.
- Additional skills / experiences that we value :





Model development and / or validation Electronic trading development and / or validation Algorithmic / quantitative / systematic trading strategies, hedge funds, credit risk management

ABOUT GOLDMAN SACHS

At Goldman Sachs, wemit our people, capital and ideas to help our clients, shareholders and themunities 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'remitted 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 / careers .

We'remitted to finding reasonable amodations for candidates with special needs or disabilities during our recruiting process.

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The Goldman Sachs Group, Inc., 2022. All rights reserved.

Goldman Sachs is an equal employment / affirmative action employer Female / Minority / Disability / Veteran / Sexual Orientation / Gender Identity

Job ID 300001654990474

▶️ Risk, Model Risk Management, Vice President/Executive Director, London
🖊️ Goldman Sachs
📍 London