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Risk - Model Risk Management - Vice President - London

Job LocationLondon
EducationNot Mentioned
SalaryCompetitive salary
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypePermanent , full-time

Job Description

The Risk division 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, Dallas, London, Warsaw, Singapore, Hong Kong, and Bangalore. MRM is responsible for independent oversight of the firms modelrisk, ensuring compliance with the Model Control Policy, and evidencing effective challenge over model development, documentation, implementation, and usage. The groups primary mandate is to manage risk that arises from model use through the firms range of businesses - including derivatives, securities and other investments valuation; market, credit and operational risk management; liquidity and capital computations;and more. JOB RESPONSIBILITIES - Model Governance

  • Establish, maintain and enforce the MRM framework and governance structure
  • Engage periodically with regulators on model risk management topics, to clarify rule interpretations, respond to analysis and documentation requests, and support advocacy discussions
  • Ongoing evaluation of compliance with key regulatory rules, new activity impact assessments and approvals, engagement with key committees and governing bodies, and maintenance of key Policies and procedures
  • Develop 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
QUALIFICATIONS
  • Strong speaker able to communicate deliverables across various seniority levels
  • Experience in Financial markets preferably in a regulatory facing role. Model development and/or validation experience
  • Excellent analytical, quantitative, interpersonal and organizational skills. Team oriented
  • Programming skills, including object oriented languages and scripts (e.g., SQL, Access, VBA)
  • Bachelors degree in mathematics, computer science, hard sciences, financial engineering or finance
ABOUT GOLDMAN SACHSAt 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. Were 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 andpersonally, 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. Were committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://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

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