The Risk group is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.
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.
HOW YOU WILL FULFILL YOUR POTENTIAL
- Use quantitative and analytical skills to analyse complex mathematical models, challenge assumptions and implementation
- Use market insight to review usage of models and highlight potential weaknesses and limitations.
- Design and implement alternative models to quantify model risk
- Lead discussion of model analysis results with business and senior management
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.
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