Internal Audit- Model Risk- Associate- Bengaluru

2 days ago

Bengaluru, India Goldman Sachs Full time

**Internal Audit - Model Risk - Associate - Bengaluru - Job Description**

**Internal Audit**

In Internal Audit, we ensure that Goldman Sachs maintains effective controls by assessing the reliability of financial reports, monitoring the firm’s compliance with laws and regulations, and advising management on developing smart control solutions. Our group has unique insight on the financial industry and its products and operations. We’re looking for detail-oriented team players who have an interest in financial markets and want to gain insight into the firm’s operations and control processes.

**Responsibilities**:

- Develop and maintain an in-depth technical knowledge of modeling - both theory and coding
- Critical review of models including their conceptual soundness, documentation, testing code implementation accuracy and independent validation
- Conduct meetings with stakeholders including modelers and model validators
- Execute risk-focused audits of modeling and model risk management
- Engage in continuous monitoring of modeling and model risk areas
- Communicating modeling problems and issues to senior management

**Basic Qualifications**
- Team-oriented with a strong sense of ownership and accountability
- Strong interpersonal and relationship management skills
- Strong verbal and written communication skills and presentation skills (PowerPoint, Visio, etc.)
- Highly motivated with the ability to multi-task and remain organized in a fast-paced environment
- Advanced Degree (preferably PhD or Masters) in a quantitative discipline (Math, Statistics, Physics, Engineering, Computer science)

**Preferred Qualifications**
- Experience within the financial services industry is a plus.
- Product Specific Skills and Experience:

- Knowledge of financial modeling concepts, including (any combination):

- Options pricing, credit default, structured products, econometrics, stress scenario creation
- Any combination of risk management disciplines: credit risk, market risk, operational risk, funding / liquidity risk Knowledge in any of the following areas is preferred:

- Risk measurement theory (Value-at-Risk, stress testing etc.)
- Basel Capital Accord regulatory requirements (advanced model-based frameworks)
- Controls surrounding model risk governance, model development, implementation and change management, model validation (Regulatory Guidance SR 11-7)
- Programming experience in quantitative and object oriented programming environments, e.g. Matlab, C++, C#, Python, Java, R, etc

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