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, Mumbai, New York, Dallas and Salt Lake City. RTG is responsible for independent oversight of all financial and non-financial risks, ensuring compliance with regulatory and internal expectations. The group’s primary mandate is the independent review of models, data, processes, controls, and systems that mainly cover Credit, Market, Operational and Liquidity risk stripes/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 an 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.
• Perform validation of the firm’s qualitative models by verifying conceptual soundness, methodology, and implementation
• Develop and maintain effective stakeholder relationships, and present results to senior management committees and regulators

Basic Qualifications
 

• Minimum of bachelor’s degree required. Masters in a quantitative discipline preferred
• Qualified Chartered Accountants (CAs) can also be considered
• 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++ or Python)
• 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

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We aspire to be the world’s most exceptional financial institution, united by our shared values of partnership, client service, integrity, and excellence.

Operating at the center of capital markets, we act as one firm, mobilizing our people, capital, and ideas to deliver superior results across our clients’ most complex challenges.

For 156 years, Goldman Sachs has delivered world-class execution on a global scale across our leading Global Banking & Markets and Asset & Wealth Management businesses.

Apprenticeship is central to our culture, with hands-on coaching and access to leaders who bring decades of experience and expertise. With office locations around the world, we offer a broad range of career opportunities to those who insist on excellence and thrive on performance.