Vice President Risk, AI Model Validation

Goldman Sachs

Confirmed live yesterday High trust

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Work type
On-site
Location
New York, NY
Posted
74 days ago
Freshness
Confirmed live yesterday

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Similar $206k
$146k most similar roles pay here $258k

This listing doesn't post a salary. Most similar roles pay $164,204–$247,350.

Based on 239 similar postings.

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About Goldman Sachs

Goldman Sachs is a leading global investment banking, securities, and investment management firm providing financial services to corporations, financial institutions, governments, and individuals.

Goldman Sachs currently has 134 open roles on FindRole.

Listed pay typically runs $137,000–$250,000 across 55 roles with salary data.

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TL;DR · Vice President Risk, AI Model Validation

Risk, AI Model Validation, Vice President joins the multidisciplinary Model Risk Management group to provide independent oversight of model risk across various business lines. This role focuses on validating the performance, accuracy, reliability, and explainability of AI models while ensuring compliance with firmwide policies and regulatory requirements. The individual will develop validation methodologies, create benchmark models, and conduct thorough testing of outputs to identify risks in areas like derivatives valuation, risk management, liquidity, and capital computations. Key responsibilities include collaborating with researchers and developers to address model limitations and improve performance. Candidates should possess a PhD in a quantitative field and over five years of experience as a developer or researcher. Required technical skills include proficiency in Python and data science libraries such as NumPy, Pandas, TensorFlow, and PyTorch, alongside expertise in machine learning algorithms.

What you'll do

  • Independently validate the performance, accuracy, and reliability of AI models used across firmwide business lines.
  • Assess model design, explainability, and algorithmic robustness to ensure compliance with regulatory requirements.
  • Develop and implement custom validation methodologies and benchmark models tailored specifically for AI applications.
  • Conduct thorough testing and analysis of model outputs to identify and document potential risks and limitations.
  • Evaluate the theoretical consistency and implementation accuracy of models used for pricing, risk management, and capital computations.
  • Assess risks associated with specific model choices in various financial contexts like exotic option pricing.
  • Work with developers and stakeholders to address identified issues and improve overall model performance.

What we're looking for

  • A Ph.D. degree in Computer Science, Mathematics, Physics, Engineering, or a closely related quantitative field (preferred).
  • 5+ years of working experience in a quantitative field as a model developer or a data researcher.
  • Proficiency in Python and relevant data science libraries such as NumPy, Pandas, TensorFlow, and PyTorch.
  • Understanding of statistical modeling and machine learning algorithms.
  • Experience with AI models (preferred).
  • Excellent analytical, problem-solving, and communication skills.
  • Demonstrated curiosity, ownership, and a willingness to work in a collaborative environment.

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