The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high‐net‐worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong, Bangalore and other major financial centers around the world.
We are currently seeking candidates for the Model Risk Management Department (“MRM”) in [New York].
The Model Risk Management (MRM) group is a multidisciplinary group of quantitative experts at Goldman Sachs with presence in New York, London, Warsaw, Hong Kong, and Bangalore. The group’s primary mandate is to manage risk that arises from quantitative 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. In addition to independently reviewing these classes of models for their validity, theoretical consistency and implementation accuracy, the group is also responsible to assess the risk associated with model ongoing performance and change management.
Some examples of models reviewed include:
Working in a dynamic team-work environment, the candidate will have the following opportunities:
• Broad exposure to pricing and calibration models, risk and capital models for a variety of financial products
• Exposure to challenging quantitative problems
• Development of quantitative and programming skills as well as product and market knowledge.
• Opportunities to work with other groups in various areas of the firm.
The MRM group looks for people with strong quantitative and technological background with a good understanding and interest in
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