Risk-Bengaluru-Vice President-Model Risk

2 weeks ago

Bengaluru, India Goldman Sachs Full time
The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.

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
• 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
• 2+ Years of 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 At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're 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 /careers. We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.

  • Risk-Bengaluru-Vice President-Operational Risk

    3 days ago

    Bengaluru, India Goldman Sachs Full time

    The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm. Organization:  Risk Division, Operational Risk Team / Role:  Operational Resilience (Oversight & Challenge) Level/Location:  Vice President, Bengaluru The Operational Risk Department at Goldman Sachs...

  • Risk-Bengaluru-Vice President-Operational Risk

    1 month ago

    Bengaluru, India Goldman Sachs Full time

    The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm. Organization:  Risk Division, Technology Operational Risk The Operational Risk Department at Goldman Sachs is an independent risk management function responsible for developing and implementing a...

  • Vice President

    5 days ago

    Bengaluru, India JPMorgan Chase & Co. Full time

    Compliance, Conduct and Operational Risk – Tech & Cyber– Vice President JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the . Morgan and Chase brands. Our...

  • Vice President

    4 days ago

    Bengaluru, India People Realm Recruitment Services Private Limited Full time

    Role - Vice President - Quantitative Analytics & Development Our client a Tier 1 Investment Bank is hiring for its Global Markets business which is mainly involved in financing, advisory services, risk distribution, and hedging for our institutional and corporate clients. This a Vice President role, where we are looking for outstanding candidates with...

  • Vice President

    3 weeks ago

    Bengaluru, India Citi Full time

    Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At Citi , you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training...

  • Vice President

    5 days ago

    Bengaluru, India 12542 Citicorp Services India Private Limited Full time

    Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At Citi , you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training...

  • Vice President

    3 hours ago

    Bengaluru, India HSBC Full time

    Some careers have more impact than others. If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to...

  • Vice President Banking

    2 weeks ago

    Bengaluru, Karnataka, India Quest Junction Full time

    Apply for Vice President Banking, Quest Junction in Bengaluru/ Bangalore ,Hyderabad/ Secunderabad ,Kanpur ,Lucknow for Year of Experience on

  • Risk and Analytics Manager, Securities Finance and Clearing Risk

    1 week ago

    Bengaluru, India HSBC Full time

    Some careers have more impact than others.  If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.  HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses...

  • Vice President Banking

    2 days ago

    Bengaluru/ Bangalore, India Quest Junction Full time

    Apply for Vice President Banking, Quest Junction in Bengaluru/ Bangalore ,Hyderabad/ Secunderabad ,Kanpur ,Lucknow for 10 - 15 Year of Experience on TimesJobs.com.

  • Tax-Tax Operations – Business Analyst – Vice President – Bengaluru

    5 days ago

    Bengaluru, India Goldman Sachs Full time

    Tax – Tax Operations – Business Analyst – Vice President – Bengaluru   YOUR IMPACT  Are you looking for an opportunity to be part of a growing organization and work as part of a global team to drive strategy in a constantly changing environment? We are looking for a Vice President with tax experience to join the Tax Business Analyst team in the...

  • JP Morgan Chase

    2 weeks ago

    Bengaluru, India JP Morgan Chase Full time

    Description : As part of Compliance, Conduct and Operational Risk (CCOR) you are at the center of helping the firm understand, manage and anticipate risks in a constantly changing environment. CCOR provides independent oversight of the firm's compliance, conduct, and operational risks and maintains a strong control environment. The work covers areas...

  • Vice President Quantitative Strategist

    3 weeks ago

    Bengaluru, India People Realm Recruitment Services Private Limited Full time

    Role - Vice President - Quantitative Analytics & DevelopmentOur client a Tier 1 Investment Bank is hiring for its Global Markets business which is mainly involved in financing, advisory services, risk distribution, and hedging for our institutional and corporate clients. This a Vice President role, where we are looking for outstanding candidates with...

  • Vice President Quantitative Strategist

    3 weeks ago

    Bengaluru, India People Realm Recruitment Services Private Limited Full time

    Role - Vice President - Quantitative Analytics & DevelopmentOur client a Tier 1 Investment Bank is hiring for its Global Markets business which is mainly involved in financing, advisory services, risk distribution, and hedging for our institutional and corporate clients. This a Vice President role, where we are looking for outstanding candidates with...

  • Risk-Bengaluru-Vice President-Software Engineering

    2 months ago

    Bengaluru, India Goldman Sachs Full time

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

  • Global Banking

    1 month ago

    Bengaluru, India Goldman Sachs Full time

    Goldman Sachs’ Strats business unit is a world leader in developing quantitative models and technologies to solve complex business problems. Working within the firm’s trading, sales, banking, and asset management divisions, strats use their mathematical and scientific training to create financial products, advise clients on transactions, measure risk,...

  • Engineering- Tech Risk

    2 months ago

    Bengaluru, India Goldman Sachs Full time

    WHO WE ARE Led by the Chief Information Security Officer (CISO), Technology Risk secures Goldman Sachs against hackers and other cyber threats. We are responsible for detecting and preventing attempted cyber intrusions against the firm, helping the firm develop more secure applications and infrastructure, developing software in support of our efforts,...

  • Senior Vice President Human Resources

    3 weeks ago

    Bengaluru, Karnataka, India Quest Junction Full time

    Apply for Senior Vice President Human Resources, Quest Junction in Bengaluru/ Bangalore ,Pune for Year of Experience on

  • Vice President’s Gsc

    4 weeks ago

    Bengaluru, Karnataka, India HSBC Full time

    -Job description **Business**:Global Risk & Compliance **Open positions**:1 **Role Title**: Vice President’s GSC **Global Career Band**:4 **Location **_(Country / City)_**:India/ Bangalore/Kolkata/Gurgaon **The Opportunity**: **_Role purpose_** Model Risk Management (MRM), part of Global Risk & Compliance, is responsible for providing second line of...

  • Model Risk Officer

    1 month ago

    Bengaluru, India NatWest Group Full time

    Our people work differently depending on their jobs and needs. From hybrid working to flexible hours, we have plenty of options that help our people to thrive. This role is based in India and as such all normal working days must be carried out in India. Join us as a Model Risk Officer - We’ll look to you to review assigned models across our bank to make...