• Risk, Model Risk, Governance, Associate/VP, Dallas

    Location(s) US-TX-Dallas
    Job ID
    2019-55692
    Schedule Type
    Full Time
    Level
    Associate
    Function(s)
    Risk Management
    Region
    Americas
    Division
    Risk
    Business Unit
    Market Risk
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    RISK

    The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.

     

    MORE ABOUT THIS JOB

    The Model Risk Management (MRM) group is a multidisciplinary group of quantitative experts at Goldman Sachs with presence in New York, Salt Lake City, London, Warsaw, Singapore, Hong Kong, and Bangalore.

    MRM is responsible for independent oversight of the firm’s model risk, ensuring compliance with the Model Control Policy, and evidencing effective challenge over model development, documentation, implementation, and usage.

    The group’s primary mandate is to manage risk that arises from model use through the firm’s range of businesses – including derivatives, securities and other investments’ valuation; market, credit and operational risk management; liquidity and capital computations; and more.

    RESPONSIBILITIES AND QUALIFICATIONS

    RESPONSIBILITIES AND QUALIFICATIONS

    JOB RESPONSIBILITIES 

     

    Model Governance

    • Establish, maintain and enforce the MRM framework and governance structure
    • Operate processes related to firmwide requirements supporting the MRM framework.
    • Establish requirements specific to Model Inventory, and support quarterly attestations across all divisions in the firm.
    • Oversee ongoing Model performance monitoring jointly with Model Validation and enforce change control procedures
    • Manage Model validation findings, including tracking and escalation of findings.
    • Communicate and coordinate with Compliance to train key stakeholders on Model Control Policy and related requirements, including any significant changes.
    • Maintain model inventory data integrity by resolving exceptions from automated checks on inventory changes
    • Help process new model classifications, changes, deactivations.
    • Provide ad-hoc analysis on model inventory.
    • Liaise with MRM Technology team to support Model Inventory Management
    • Resolve inquiries from model stakeholders and owners on models inventory.
    • Provide support to regulatory processes including IMA/IMM applications, ICAAP, etc 

     

    QUALIFICATIONS 

    • Bachelor’s degree in mathematics, computer science, hard sciences, financial engineering or finance.
    • Strong programming skills, including object oriented languages and scripts (e.g., SQL, Access, VBA).
    • Excellent analytical, quantitative, interpersonal and organizational skills. Team oriented.

    ABOUT GOLDMAN SACHS

    Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet. ? The Goldman Sachs Group, Inc., 2015. All rights reserved.

    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.

    © The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.