Job Duties: Vice President, 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 credit risk and capital 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 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 credit risk and capital models and investigate major model-related incidents. Team with Risk governance, and other federation groups to address any credit risk and capital model-related issues or new regulatory compliance requirements. Advise senior management on the risks associated with new initiatives and changes to existing credit risk and capital models.Job Requirements: Master’s degree (U.S. or foreign equivalent) in Finance, Financial Engineering, or a related field and three (3) years of experience in the job offered or in a related role. Prior experience must include three (3) years with: functional scripting languages including Python, R, or MATLAB; object-oriented languages including C++ or Java; structured query language (SQL); LaTeX as used to produce formal and version-controlled documents with equations and tables; back-testing analyses of statistical models used in credit risk to assess their consistency with historical data and continued regulatory compliance; developing alternative data-driven models used in forecasting credit losses; developing benchmark models to evaluate production choices spanning multivariate regression, logistic regression, regime switching, and autoregressive models; full lifecycle of models on testing, development, validation, and findings remediation; and monitoring and assessing the performance of credit risk models on an ongoing basis.Job Code: 8223846Salary Range: Annual base salary for this New York, New York-based position is $173,000 - $275,000.QUALIFIED APPLICANTS: Apply at gs.com and click on "Careers." NO PHONE CALLS PLEASE. ©The Goldman Sachs Group, Inc., 2024. All rights reserved. Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity.

Minimum Salary: 173,000 Maximum Salary: 275,000 Salary Unit: Yearly