Risk-New York-Vice President, Model Risk-8915216

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 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 major validation findings to model owners and developers for remedial action. Monitor the performance of the Firm's interest rate pricing models and investigate major 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: Ph.D. degree (U.S. or foreign equivalent) in Mathematics, Computer Science, Financial Engineering, or a related field and one (1) year of experience in the job offered or in a related role OR Master's degree (U.S. or foreign equivalent) in Mathematics, Computer Science, 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 one (1) year of experience (with a Ph.D. degree) OR three (3) years of experience (with a Master's degree) with: working with regulatory frameworks including Standardized Approach for Counterparty Credit Risk (SACCR); working with interest rate pricing models; functional scripting languages including Python, R, or MATLAB; object-oriented languages including C++ or Java; and structured query language (SQL).

Salary Range: Annual base salary for this New York, New York-based position is $178,000 - $280,000.

The Goldman Sachs Group, Inc., 2025. All rights reserved. Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veteran status, disability, or any other characteristic protected by applicable law.