Job Description
The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.
Risk Testing Group (RTG)
The Risk Testing Group (RTG) is a multidisciplinary group of quantitative and financial experts at Goldman Sachs with presence in Bangalore, Hyderabad, New York, Dallas and Salt Lake City. RTG is responsible for independent oversight of all financial and non-financial risks at the firm, ensuring compliance with regulatory and internal expectations. The group's primary mandate is the independent review of qualitative models, data, processes, controls, and systems covering Credit, Market, Operational and Liquidity risk types.
RTG is responsible for
- identifying potential material errors or omissions related to data accuracy,
- conformance with regulatory instructions, and
- ongoing effectiveness of key controls
RTG is looking for Associate to work on challenging projects that entail performing analysis to ensure holistic risk management practices. The role will involve interactions with multiple stakeholders across the firm and regulators across different geographies and offers exposure to financial products, risk management tools, quantification techniques and a wide-ranging technology stack.
Responsibilities
- Develop an understanding of firm's risk management framework, models, methodology, techniques, and processes
- Conduct independent review of key regulatory and internal initiatives and communicate results through formal reports
- Provide effective challenge of stakeholder process(es) and outcomes
- Liaise across relevant business, technology, and control functions to prioritize risks, challenge decisions, assumptions and tolerances, and drive appropriate risk response
- Present results to senior management committees and regulators
- Develop and maintain effective and constructive stakeholder relationships
- Raise action items and independently validate remediation plans
- Contribute to the establishment of metrics and tools to assess and report on inherent risks, control strength and residual risk in a consistent and objective manner
Basic Qualifications
- Minimum of bachelor's degree required. Master's in a quantitative discipline preferred
- CFA, FRM or equivalent professional certifications preferred
Competencies
- Functional Expertise - Exposure to qualitative and quantitative risk management (credit, market, liquidity or operational risk)
- Technical Skills - Strong programming skills and experience with an object-oriented programming language (C++, Python, or Java)
- Drive and Motivation - Successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards challenging goals and persists in the face of obstacles or setbacks
- Teamwork Collaborates effectively with other people within and across teams, encourages other team members to participate and contribute and acknowledges other's contributions
- Communication Skills - Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with others
- Judgement and Problem solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyzes complex issues
- Creativity/Innovation - Looks for new ways to improve current processes and develops creative solutions that are grounded in reality and have practical value
- Influencing Outcomes - Presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences other's opinions and presents persuasive recommendations
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 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
