Model Risk Management, Analysis and Reporting Team, Associate - Warsaw

Location(s) PL-Warsaw
Job ID
Schedule Type
Full Time
Risk Management
Business Unit
Model Risk Management
Employment Type



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, London, Singapore, Hong Kong, and Bangalore. The MRM group is responsible for independent oversight of Model Risk at the firm, ensuring compliance with the Model Control Policy and related requirements, 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 capital computations.


The analysis and reporting team is a new function within the MRM group that is responsible for analyzing, monitoring and reporting on model risk for the firm. The group works collaboratively with the model validation team to understand and communicate results of model validation activities, changes in model risk and other model-related issues to key stakeholders and management.



  • Analyze, monitor, escalate and report on model risk for the firm
  • Work closely with model validators to understand and communicate the results of model validation activities, model limitations and uncertainties to the key stakeholders and management
  • Oversee ongoing model performance monitoring, including benchmarking and outcome analysis, performed by model developers
  • Organize and conduct periodic meetings with model developers and control side stakeholders to review results of ongoing performance testing
  • Manage MRM’s role in large-scale, firmwide projects such as CCAR
  • Advise management on the risks associated with particularly large transactions, by leveraging understanding of model performance


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

  • Strong written and verbal communication skills
  • Strong interpersonal and organizational skills. Team oriented
  • Analytical, quantitative, and programming skills desirable
  • Good understanding of the business, financial products and the market

Additional skills/experiences that we value:

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




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