Risk, Model Risk Management, Associate, London

Risk, Model Risk Management, Associate, London London, England

Goldman Sachs
Full Time London, England 70655 - 126462 GBP ANNUAL Today
Job description

RISK

Our Risk teams develop comprehensive 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)

Goldman Sachs Model Risk Management (MRM) is a multidisciplinary group of quantitative experts located in New York, Dallas, London, Warsaw, Hong Kong, and Bangalore. MRM is responsible for independent oversight and approval of all the firm’s quantitative models, ensuring compliance with both internal and supervisory standards. There are a wide variety of models used in the firm across its range of businesses, including ones used for derivatives valuation, risk management, electronic trading. Mathematical methods employed by these models include stochastic processes, machine learning, optimization techniques, statistical analyses and numerical techniques.

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 & EXPERIENCE

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 an advanced degree (e.g. PhD, MFE) in quantitative fields such as maths, physics, engineering, computer science, or financial engineering. Applicants should possess the following:

  • Excellent quantitative problem-solving skills
  • Experience in stochastic modeling, numerical simulation, and data analysis
  • Machine learning knowledge (preferred)
  • 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., 2022. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

Risk, Model Risk Management, Associate, London
Goldman Sachs

www.goldmansachs.com
New York, United States
David M. Solomon
$10+ billion (USD)
10000+ Employees
Company - Public
Investment & Asset Management
Finance
1869
Related Jobs

All Related Listed jobs

caregiver
Right at Home UK Braintree, England 25272 - GBP HOURLY Today
Team Member - The Cafe
Tesco Great Yarmouth, England 10 GBP HOURLY Today

An exclusive deals and discounts website saving you money on everyday purchases, treats for the family, eating out and utility bills for the home.

Research Officer
LSE Jobs London, England 38313 - 46148 GBP ANNUAL Today

Strong interest in project evaluation and/or housing for older people and a good knowledge of qualitative research techniques including survey design,

Internal Recruitment Coordinator
Billigence Europe Limited London, England 30000 - 45000 GBP ANNUAL Today

Thanks to a combination of experience and expertise, we enable data-driven decision-making.*. With a focus on data recruitment, you will be responsible for

Group Brand Designer (Entry Level)
HSBC London, England Today

The role holder will work together with the Senior Brand Designers and creative contractors within the team to deliver new design standards and assets as well