Quant Equities Model Risk Management Associate London job in London at Goldman Sachs Group Inc

Quant - Equities Model Risk Management - Associate - London

Company: Goldman Sachs Group Inc.

Location: London UK

Date Posted:Feb 16, 2018

Application Opening Date: 16 February 2018 Application Closing Date: 15 March 2018 Location: London Salary: Competitive Full time YOUR IMPACT  We are currently seeking outstanding quantitative candidates to join the Derivatives Analysis team. OUR IMPACT The Risk group is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm. The Market Risk Management and Analysis (MRMA) department is made up of the following groups - Market Risk Analysis: Responsible for measuring, analysing and reporting of market risk, including monitoring adherence to limits.- Market Risk Modelling: Responsible for designing and implementing market risk measurement models.- Derivatives Analysis: Responsible for approving pricing models used in the firm.- Corporate Risk: Responsible for calculating and reporting the firm's market risk to Regulators Derivatives Analysis Group Derivatives Analysis is a quantitative group of within the Market Risk department at Goldman Sachs covering derivatives pricing models across all business lines. The group has presence in New York, London, Tokyo, Hong Kong, Singapore and Bangalore. HOW YOU WILL FULFIL YOUR POTENTIAL  - We are responsible for assessing and quantifying model risk -- the risk associated with the choice of models that are used to price complex derivative transactions. As financial derivatives become more complex, so do the models used to value and risk manage them. Our group focuses on developing alternative models to quantify the sensitivity to choice of different models.- Verification of model implementation - we analyse all models used by the firm for valuing and risk managing derivatives contracts to ensure their consistency and validity.- We advise senior management on the risks associated with particularly large transactions.- Assessing and Quantifying Model risk, i.e., the risk associated with the choice of models used to mark complex OTC derivatives.- Producing ongoing monitoring reports for all models, generate auto alerts when a particular risk increases.- Build analytical applications ( eg. Recommendation engines, auto-documentation etc. ) to improve the efficiency of validation workflow. SKILLS AND EXPERIENCES WE ARE LOOKING FOR  - Strong academic record with Bachelor’s level, equivalent or above in Computer Science, Engineering, Mathematics or a related quantitative discipline  required - Must have experience of programming in C++, Python and knowledge of SQL - Demonstrable involvement with process improvement initiatives and experience of developing work enhancement tools required - Experience of designing, developing and implementing frameworks, work methods/processes required - Familiarity with performance and regression testing and researching required - Demonstrable client/stakeholder management experience required - Knowledge of financial/mathematical modelling and experience of data analysis required - Must be comfortable in explaining complicated models in an intuitive way- Must have ability to develop and implement solutions quickly- Ability to work in a fast paced environment required - Strong communication skills (verbal and written) required - Must be a team player with demonstrable experience of collaboration with different teams/users ABOUT GOLDMAN SACHS The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. © The Goldman Sachs Group, Inc., 2017. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet. View full job description
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