Risk-Bengaluru-Vice President-Model Risk

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, ., 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

SKILLS AND RELEVANT EXPERIENCE