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 implementationDevelop 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 preferredQualified Chartered Accountants (CAs) can also be consideredCFA, 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 setbacksTeamwork – 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 othersJudgement 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 valueInfluencing Outcomes - Presents sound, persuasive rationale for ideas or opinions.  Takes a position on issues and influences other’s opinions and presents persuasive recommendations
  ABOUT GOLDMAN SACHS
  At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. 
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