Risk, Model Risk, Associate, Warsaw

Goldman Sachs; Warszawa; On-site; PLN 80,000 - 120,000; Full time

Job summary

Goldman Sachs is seeking a talented individual for their Model Risk Management team in Warsaw. The position involves validating and approving the firm’s quantitative models and assessing model risk using advanced methodologies.

Ideal candidates should have a degree in quantitative fields and possess excellent problem-solving and communication skills. Join a team dedicated to maintaining robust risk management processes and advancing the firm’s quantitative oversight.

Qualifications

• Strong interest in financial markets and eagerness to learn new technologies and programming languages.
• Excellent at breaking down complex problems into simple explanations.
• Abilty to work in a fast-paced environment.

Responsibilities

• Perform validation and approval of the firm’s models.
• Assess and quantify model risk by developing alternative benchmark models.
• Monitor ongoing model performance.
• Communicate validation outcomes to key stakeholders.

Skills

Quantitative problem-solving skills

Knowledge of stochastic modeling

Numerical simulation

Data analysis

Machine learning knowledge

Good communication skills

Organizational skills

Team orientation

Education

Degree in quantitative fields (maths, physics, engineering, computer science, financial engineering)

Job description

RISK

Our 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)

Goldman Sachs Model Risk Management (MRM) is a multidisciplinary group of quantitative experts located in New York, Dallas, London, Warsaw, Hong Kong, and Bangalore. MRM is responsible for independent oversight and approval of all the firm’s quantitative models, ensuring compliance with both internal and supervisory standards. There are a wide variety of models used in the firm across its range of businesses, including ones used for derivatives valuation, risk management, electronic trading. Mathematical methods employed by these models include stochastic processes, machine learning, optimization techniques, statistical analyses and numerical techniques.

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 & EXPERIENCE

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 maths, physics, engineering, computer science, or financial engineering. Applicants should possess the following:

• Excellent quantitative problem-solving skills.
• Knowledge of stochastic modeling, numerical simulation, and data analysis.
• Machine learning knowledge (preferred).
• 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.

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