Risk - Model Risk Control Governance - VP - London Risk - Model Risk Control Governance - VP - London …

Goldman Sachs
in London, United Kingdom
Permanent, Full time
Last application, 27 Jul 21
Competitive
Goldman Sachs
in London, United Kingdom
Permanent, Full time
Last application, 27 Jul 21
Competitive
Risk - Model Risk Control Governance - VP - London
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 .

RESPONSIBILITIES AND QUALIFICATIONS
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.

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 data requests, and support advocacy discussions.
  • Ongoing evaluation of compliance with key regulatory regimes, 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).
  • Bachelor's degree in mathematics, computer science, hard sciences, financial engineering or finance.


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., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.

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