Job Description

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.
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Description for Internal Candidates


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 Analyst 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 implementation Develop 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 preferred Qualified Chartered Accountants (CAs) can also be considered CFA, 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 setbacks

Teamwork

- 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 others

Judgement 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 value

Influencing 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.



We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. about our culture, benefits, and people at GS.com/careers.



We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. : https://www.goldmansachs.com/careers/footer/disability-statement.html





The Goldman Sachs Group, Inc., 2023. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity



Same Posting Description for Internal and External Candidates

We Offer Best-In-Class Benefits

Healthcare & Medical Insurance
We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.


Holiday & Vacation Policies
We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.


Financial Wellness & Retirement
We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees' priorities.


Health Services
We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.


Fitness
To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).


Child Care & Family Care
We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.


Benefits at Goldman Sachs
Read more about the full suite of class-leading benefits our firm has to offer.



Opportunity Overview
CORPORATE TITLE
Analyst
OFFICE LOCATION(S)
Hyderabad
JOB FUNCTION
Business Audit
DIVISION
Risk Division