Risk Division - Dallas - Associate, Model Risk- 4554990

Job description

Job Duties: Associate, Model Risk with Goldman Sachs & Co. LLC in Dallas, Texas. Analyze, monitor, and assess model risk associated with the development and implementation of counterparty credit risk models used in Prime Brokerage and Clearing across a wide range of assets including equities, crypto, commodities, FX and credit. 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 including C++, Java, Python, or R. Document the entire validation fieldwork in Latex files for automated version controls and report major validation findings to model owners and developers for remedial action. Provide timely updates as required to meet requirements set out in regulatory exams. Monitor the performance of the Firm’s counterparty credit risk models and investigate major model-related incidents. Team with Risk governance, and other federation groups to address any counterparty credit risk model-related issues or new regulatory compliance requirements. Advise senior management on the risks associat...