Risk - Model Risk Governance - Associate (m|f|x) Warsaw

Risk teams focus on providing the firm with clarity on the risk profile of our activities and devising strategies to protect the firm’s ability to serve our clients effectively.

Embedded in everything we do, risk management is key to effectively identifying, monitoring, and anticipating the diverse array of risks the firm faces in serving clients and operating its global businesses, including credit risk, market risk, liquidity risk, operational risk, and model risk.

If you apply for this skill set, you will be considered for multiple roles across the firm that require this skill set. Please note that the division and function examples below are representative of opportunities commonly associated with this skill set. The list is not exhaustive, and the availability of open roles is determined based on business needs.

Tasks

The Asset Management Division is a global, broad, and deep platform with diversified capabilities across public and private asset classes. We are a top-10 global asset manager with a leadership position across asset classes and key market segments. The integration of our traditional and alternative asset management businesses will enhance our ability to deliver a holistic suite of client-centric investment solutions, leveraging our global scale, deep industry expertise, market insights, and long-standing experience.

• Alternatives Capital Markets & Strategy (ACMS) is a firmwide group established in 2019 to oversee all institutional capital markets, capital raising, and strategy for alternative investments throughout Goldman Sachs. Working with both Goldman Sachs’ proprietary direct-investing programs and external managers’ open-architecture strategies, the ACMS Group centrally manages capital raising for all alternative products and portfolio solutions for all institutional investors in alternatives, across private equity, credit, real estate, infrastructure, growth equity, secondaries, GP stakes, impact investing, and absolute-return strategies.

Compliance is dedicated to protecting the firm’s reputation and managing risk across all business areas. We work closely with each business unit; our professionals interpret and ensure compliance with regulatory requirements and determine how the firm can appropriately pursue global market opportunities. We monitor regulatory trends and changes in all jurisdictions where the firm operates, and we share information and collaborate with regulators to manage financial market risk.

• Teams: Financial Crime Compliance, Surveillance Analytics, Global Compliance Testing, Regulatory Practice Group, Regulatory Reporting, Consumer Compliance

The Conflicts Resolution Group is involved in a wide range of the firm’s businesses and transactions and provides exposure to the most senior business leaders and risk managers across the firm. This role offers an exceptional opportunity for professional development for someone interested in financial markets who has the ability to appreciate the complexities of risk management in this field. CRG reviews business opportunities across the firm to ensure that reputational risk and potential and actual conflicts of interest are identified, assessed, and managed in order to protect client relationships, safeguard confidential information, mitigate reputational risk, and ensure that we are able to fulfill our responsibilities to our clients before accepting a role

. Consumer (Marcus by Goldman Sachs) is building the consumer bank of the future to address the spending, borrowing, and saving needs of millions of customers and help them take control of their financial lives through products that are simple, transparent, valuable, personalized, and secure.

• Consumer Risk comprises Credit Risk, Business Risk, Fraud Strategy, and Collections; we are responsible for establishing policies and procedures to protect our business.

Corporate & Workplace Solutions Our mission is to deliver solutions that maximize the efficiency and productivity of our people. CWS includes the following pillars: Workplace Experience, CWS Engineering, Spend Management, Divisional Management, and the Office of Global Security. We strive to build great work solutions and experiences.

• Workplace Experience encompasses the comprehensive on-site workplace experience, how people interact with the workplace, on- and off-site events, and our overall location strategy. Departments include Events, Real Estate Strategy, Real Estate Development, and On-Site Solutions—which comprises Document Management, Facilities, Ground Transportation, and Hospitality.
• CWS Engineering brings together several engineering functions focused on collaboration and productivity tools. Departments include Digital Workplace, Client and Production Engineering, Corporate Engineering, Spend, Data, and Automation, and Product Success and Delivery Engineering.
• Spend Management encompasses the functions responsible for managing all aspects of the firm’s spending with third parties—advising on commercial agreements, managing third-party and payment risk, and driving operational efficiency. Departments include Product Finance, Strategic Sourcing, Third-Party Governance, Procure-to-Pay, Integrated Travel and Expense, and Infrastructure and Transformation.
• Divisional Management aligns division-wide functions to drive strategic cohesion, consistency, and efficiency. Departments include Business Unit Management, Communications and User Engagement, and Risk and Environmental, Social & Governance.

The Global Markets Division enables our clients to buy and sell financial products, raise capital, and manage risk. We make markets and facilitate client transactions in fixed-income, equity, currency, and commodity products. In addition, we make markets in and clear client transactions on major stock, options, and futures exchanges worldwide. Through our global sales force, we maintain relationships with our clients, receiving orders and distributing investment research, trading ideas, market information, and analysis.

• Equities teams trade in stocks and other equity-related products, including convertible securities, options, and futures. Their work includes financing, securities lending, and other services for institutional investors.
• Fixed Income, Currency, and Commodities teams trade a variety of assets, including interest rate products (such as government bonds, Treasury bills, and other highly liquid instruments), credit products, mortgages, currencies, and commodities

Internal Audit assesses the firm’s internal control structure, advises management on developing control solutions, and monitors the implementation of these measures. Working in this department means you’ll be providing reasonable assurance that financial reporting is reliable, that applicable laws and regulations are complied with, and that the firm’s operations are effectively controlled.

Risk aims to effectively identify, monitor, evaluate, and manage the firm’s financial and operational risks—including reputational risk—in support of the firm’s strategic plan. Operating in a rapidly changing environment and utilizing a best-in-class risk framework, Risk teams are analytically curious, have an aptitude for challenges, and are unwaveringly committed to excellence.

• Teams: Credit Risk, Enterprise Risk, Liquidity Risk, Market Risk, Model Risk, Operational Risk, Risk Engineering, Corporate Risk, Credit Review Group

Profile / Your qualification / Your personality

• Bachelor’s degree (2018 – June 2022)
• 0–3 years of prior work experience in a relevant field.
• Proficient to advanced skills with MS Office (Excel, PowerPoint, Word, Outlook)
• Highly organized with exceptional attention to detail and follow-through
• Strong ability to manage multiple projects with competing deadlines
• Team player with a positive attitude and strong work ethic
• Strong communication skills (written and verbal)
• Ability to work in a fast-paced environment
• Ability to adapt quickly to a variety of industries and businesses
• Ability to work independently, analyze and evaluate, and make independent judgments
• Ability to effectively interact and build relationships with senior management and global stakeholders
• Commercially savvy, with the ability to exercise discretion regarding highly confidential or sensitive information
• Integrity, ethical standards, and sound judgment

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Location

Spire Plac Europejski 1, PL-00-844 Warsaw