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Risk-Bengaluru-Vice President-Model Risk

4-8 years

₹ 20 - 80L/yr (AmbitionBox estimate)

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This is an estimate of the average salary range for this position. It has not been reviewed by the company, and the actual salary may differ.

Bangalore / Bengaluru

1 vacancy

Risk-Bengaluru-Vice President-Model Risk

Goldman Sachs

posted 9d ago

Job Description

:"
The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.

JOB TITLE - Risk - Model Risk Management- VP - Bengaluru
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. We commit people, capital and ideas to help our clients, shareholders and the
communities we serve to grow. Our people are our greatest asset - we say it often and with good
reason. It is only with the determination and dedication of our people that we can serve our clients,
generate long-term value for our shareholders and contribute to the broader public. We take pride in
supporting each colleague both professionally and personally. From collaborative workspaces and
ergonomic services to wellbeing and resilience offerings, we offer our people the flexibility and
support they need to reach their goals in and outside the office.
RISK BUSINESS
The Risk Business identifies, monitors, evaluates, and manages the firm s financial and non-financial
risks in support of the firm s Risk Appetite Statement and the firm s strategic plan. Operating in a fast
paced and dynamic environment and utilizing the best in class risk tools and frameworks, Risk
teams are analytically curious, have an aptitude to challenge, and an unwavering commitment to
excellence.
BUSINESS UNIT: The Model Risk Management (MRM) group is a multidisciplinary group of
quantitative experts at Goldman Sachs with presence in New York, Dallas, London, Warsaw, Hong
Kong, and Bangalore. The MRM group is responsible for independent oversight of Model Risk at the
firm, ensuring compliance with Firmwide Policy on Model Control and related standards, 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. 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 choice, e.g., exposure to choice of
model in various contexts such as pricing exotic options or in calculating capital.
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.
WHAT WE LOOK FOR
This business is ideal for collaborative individuals who have strong ethics and attention to detail.
Whether assessing the creditworthiness of the firm s counterparties, monitoring market risks
associated with trading activities, or offering analytical and regulatory compliance support, our work
contributes directly to the firm s success.
The MRM group looks for people with strong quantitative and technical backgrounds and a strong
interest in financial markets. We seek bright and dynamic individuals with a degree in quantitative
fields such as math, physics, engineering, computer science, or financial engineering.
RESPONSIBILITIES
Perform validation and approval of the firm s models by verifying conceptual soundness,
methodology, and implementation, and by identifying limitations and uncertainties
Assess and quantify model risk by developing alternative benchmark models
Oversee monitoring of ongoing model performance
Communicate validation outcomes to key stakeholders and management
SKILLS AND RELEVANT EXPERIENCE
Excellent quantitative problem solving skills
Experience in stochastic modeling, numerical simulation, and data analysis
Machine learning knowledge
Good communication skills with the ability to explain complex problems in a simple way
Eagerness and ability to learn new technologies and programming languages
Excellent organizational skills
Team orientation and ability to work in a fast paced environment
ABOUT GOLDMAN SACHS


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 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.

We re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https: / / www.goldmansachs.com / careers / footer / disability-statement.html


The Goldman Sachs Group, Inc., 2023. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female / Minority / Disability / Veteran / Sexual Orientation/Gender Identity

",

Employment Type: Full Time, Permanent

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Goldman Sachs Interview Questions & Tips

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Top Goldman Sachs Vice President Interview Questions

Q1. Ninja and the Game of Words In this game, Ninja is provided with a string STR that might contain spaces, and a list or array WORDS consisti ... read more
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What people at Goldman Sachs are saying

3.2
 Rating based on 69 Vice President reviews

Likes

Mobility options if you have the generic skillsets and good networking. Office amenities like transportation, seating arrangement. Cultural events, wellness sessions etc.

Dislikes

Everyday office, no work life balance, super critical issues throughout the year, no shutdown, no leadership support, no transparency, no onsite opportunities.

  • Skill development - Poor
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Read 69 Vice President reviews

Vice President salary at Goldman Sachs

reported by 1.6k employees with 4-18 years exp.
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₹18.6 L/yr - ₹72 L/yr
7% less than the average Vice President Salary in India
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What Goldman Sachs employees are saying about work life

based on 1.2k employees
66%
88%
79%
91%
Flexible timing
Monday to Friday
No travel
Day Shift
View more insights

Goldman Sachs Benefits

Cafeteria
Work From Home
Health Insurance
Free Transport
Gymnasium
Child care +6 more
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Bengaluru Office
Goldman Sachs Services Pvt. Ltd Cherry Hills, Embassy Golf Links Business Park, 6, Embassy Golf Links Business Park, Domlur Layout Bengaluru
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