Model Risk-Vice President-New York - New York, NY, United States - Goldman Sachs

Description

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

JOB 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

QUALIFICATIONS

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 math, 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

We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process
Learn more:

The Goldman Sachs Group, Inc., 2021
All rights reserved

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

Salary Range
The expected base salary for this New York, New York, United States-based position is $150000-$250000
In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end

Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience
A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here