Join to apply for the Risk, Model Risk Management, Vice President/Executive Director, London role at Goldman SachsJoin to apply for the Risk, Model Risk Management, Vice President/Executive Director, London role at Goldman SachsGet AI-powered advice on this job and more exclusive features.RISKOur Risk teams develop comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities, lead projects, and contribute to the ongoing advancement of a robust risk management program. Effective coordination with executive management, business units, control departments and technology is critical for success.Job DescriptionRISKOur Risk teams develop comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities, lead projects, and contribute to the ongoing advancement of a robust risk management program. Effective coordination with executive management, business units, control departments and technology is critical for success.MODEL RISK MANAGEMENT (MRM)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.ResponsibilitiesPerform independent validation and approval of models, including raising and managing model validation findingsConduct annual review and revalidation of existing ModelsOversee ongoing model performance monitoring, including benchmarking, process verification and outcome analysis performed by model developersCommunicate the results of model validation activities, model limitations and uncertainties to the key stakeholders and managementQualificationsMRM considers candidates of all degree types, with preference for those in quantitative fields such as math, physics, engineering, computer science, or financial engineering. For certain positions, advanced degrees (eg, PhD, MFE) may be required.Excellent analytical, quantitative, interpersonal, and organizational skills. Team oriented.Strong programming skills.Additional skills/experiences that we value:Model development and/or validationElectronic trading development and/or validationAlgorithmic/quantitative/systematic trading strategies, hedge funds, credit risk managementAbout Goldman SachsAt 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 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., 2022. All rights reserved.Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender IdentitySeniority levelSeniority levelMid-Senior levelEmployment typeEmployment typeFull-timeJob functionJob functionGeneral Business, Management, and Business DevelopmentReferrals increase your chances of interviewing at Goldman Sachs by 2xGet notified about new Model jobs in London, England, United Kingdom.London, England, United Kingdom 2 days agoLondon, England, United Kingdom 2 days agoLondon, England, United Kingdom 12 hours agoGraduate Software Developer – Boutique Systematic Mayfair Hedge Fund – Excellent Compensation + BenefitsLondon, England, United Kingdom 6 days agoLondon, England, United Kingdom 1 month agoAsset & Wealth Management, AM Private, Structured Investing, Associate, LondonLondon, England, United Kingdom 3 weeks agoGap Student - Fixed Term Academic Year 2025/26London, England, United Kingdom 1 week agoLondon, England, United Kingdom 1 week agoLondon, England, United Kingdom 1 week agoLondon, England, United Kingdom 3 weeks agoLondon, England, United Kingdom 3 days agoFull Time Key Holder, Carvela, Oxford StreetLondon, England, United Kingdom 1 month agoLondon, England, United Kingdom 3 days agoLondon, England, United Kingdom 13 hours agoLondon, England, United Kingdom 4 days agoLondon, England, United Kingdom 1 month agoLondon, England, United Kingdom 2 weeks agoLondon, England, United Kingdom 3 weeks agoLondon, England, United Kingdom 5 days agoLondon, England, United Kingdom 1 week agoLondon, England, United Kingdom 1 week agoLondon, England, United Kingdom 3 weeks agoLondon, England, United Kingdom 3 weeks agoGreater London, England, United Kingdom 1 week agoGreater London, England, United Kingdom £45,000.00-£55,000.00 16 hours ago16hr Part Time Key Holder, Steve Madden, White CityLondon, England, United Kingdom 1 month agoLondon, England, United Kingdom 6 days agoLondon, England, United Kingdom 3 days agoLondon, England, United Kingdom 12 hours ago8hr Part Time Sales Assistant, Steve Madden, Westfield White CityLondon, England, United Kingdom 1 month agoStaines-Upon-Thames, England, United Kingdom 3 days agoLondon, England, United Kingdom 1 week agoWe’re unlocking community knowledge in a new way. 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