Risk Division - New York - Associate, Model Risk - 4642340 New York · · Associate

Job Duties:Associate, Model Risk with Goldman Sachs & Co. LLC in New York, New York. Analyze, monitor, and assess model risk associated with the development and implementation of interest rate pricing models. Assess model implementation risk by analyzing implementation code and reviewing all associated changes. Verify the conceptual soundness of models and their mathematical and statistical correctness. Examine code implementation in a variety of platforms. Develop and implement benchmark models to analyze the production model performance. Document the entire validation fieldwork in Latex files for automated version controls and report validation findings to model owners and developers for remedial action. Monitor the performance of the Firm’s interest rate pricing models and investigate model-related incidents. Work with other stakeholders to address any model-related issues or new regulatory compliance requirements. Advise senior management on the risks associated with new initiatives and changes to existing interest rate pricing models. Job Requirements:Master’s degree (U.S. or foreign equivalent) in Economics, Finance, Financial Economics, Mathematics, or a related field and one (1) year in the job offered or in a related role OR Bachelor’s degree (U.S. or foreign equivalent) in Economics, Finance, Financial Economics, Mathematics or a related field and three (3) years in the job offered or in a related role. Prior experience must include one (1) year with Master’s degree or three (3) years with Bachelor’s degree with the following: evaluating pricing and risks of futures, options, swaps, and general derivatives; working with Interest rate pricing models; functional scripting languages such as Python, R, or MATLAB; object-oriented language such as C++ or Java; relational database experience including SQL; LaTex to produce formal and version-controlled documents with equations and tables; identifying bugs and design errors in code snippets; and writing tests to validate code design. Salary Range: Annual base salary for this New York, New York-based position is $142,000 – $169,000. We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance. We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year. Financial Wellness & Retirement We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities. Health Services We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices. Fitness To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount). Child Care & Family Care We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available. #J-18808-Ljbffr Goldman Sachs Bank AG