At a Glance
- Tasks: Validate AI models for accuracy and reliability, ensuring compliance with regulations.
- Company: Join Goldman Sachs, a leading global financial institution with a collaborative culture.
- Benefits: Enjoy health insurance, retirement plans, and wellness support.
- Other info: Dynamic team environment with opportunities for growth and learning.
- Why this job: Make a real impact in AI model validation and risk management.
- Qualifications: Degree in a quantitative field and programming skills in Python required.
The predicted salary is between 50000 - 70000 £ per year.
About the Team
Goldman Sachs's Model Risk Management (MRM) team plays a critical role in ensuring the safety and soundness of the firm's models. MRM validates a diverse set of models, including AI and machine learning models, used within the firm. This role offers the opportunity to significantly contribute to the firm's overall model risk management framework and AI.
MODEL RISK MANAGEMENT (MRM)
The Model Risk Management (MRM) group is a multidisciplinary group of quantitative experts at Goldman Sachs with presence in New York, Dallas, London, Birmingham, Warsaw, Hong Kong, and Bangalore. The MRM group is responsible for independent oversight of Model Risk at the firm, ensuring compliance with Firmwide Policy on Model Control and related standards, including documentation to evidence effective challenge over the Model development, implementation, and usage of Models. The group’s primary mandate is to manage risk that arises from models used in the firm through its range of businesses– from models used for derivatives valuation to models used for risk management, liquidity and capital computations. In addition to independently reviewing these classes of models for their validity, theoretical consistency and implementation accuracy, the group is also responsible to assess the risk associated with model choice, e.g., exposure to choice of model in various contexts such as pricing exotic options or in calculating capital.
Who We Look For
Goldman Sachs is seeking a highly motivated AI Model Risk Associate to join our Model Risk Management (MRM) team in Birmingham. You will play a crucial role in validating the firm's AI models, ensuring their accuracy, reliability, and compliance with regulatory requirements. This is a unique opportunity to gain exposure to a wide range of AI applications within a leading global financial institution and contribute directly to the firm's risk management framework. You will work closely with AI researchers, AI model developers, and other stakeholders to understand model methodologies, assess model risks, and implement validation plans and benchmarking models.
Responsibilities
- Independently validate the performance, accuracy, and reliability of AI models used within Goldman Sachs, focusing on aspects such as accuracy, explainability, model design, and algorithmic robustness.
- Develop and implement validation methodologies and benchmark models tailored to the specific characteristics of AI models.
- Conduct thorough testing and analysis of model outputs, identifying and documenting potential risks and limitations.
- Collaborate with model developers and business stakeholders to address identified issues and improve model performance.
Preferred Qualifications
- A Bachelor, Master or Ph.D. degree in Computer Science, Mathematics, Physics, Engineering, or a closely related quantitative field.
- Programming expertise in Python, including experience with relevant data science libraries (e.g., NumPy, Pandas, TensorFlow, Pytorch).
- Understanding of statistical modelling and machine learning algorithms.
- Excellent analytical, problem-solving, and communication skills.
- Demonstrated curiosity, ownership, and a willingness to work in a collaborative environment.
Benefits
Goldman Sachs offers a broad benefits package, including health and medical insurance, retirement plans, financial wellness support, and various wellness and family care programs.
Equal Opportunity Employment
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
Accommodations
We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.
Risk, AI Model Validation, Associate, Birmingham employer: Goldman Sachs Bank AG
Goldman Sachs is an exceptional employer, offering a dynamic work environment in Birmingham where innovation meets collaboration. As part of the Model Risk Management team, you will have access to extensive employee growth opportunities and a comprehensive benefits package, including health insurance and retirement plans. The culture promotes inclusivity and support, making it an ideal place for those looking to make a meaningful impact in the field of AI model validation.
StudySmarter Expert Advice🤫
We think this is how you could land Risk, AI Model Validation, Associate, Birmingham
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Goldman Sachs Bank AG looking for candidates who are engaged and informed.
We think you need these skills to ace Risk, AI Model Validation, Associate, Birmingham
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Goldman Sachs Bank AG. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Goldman Sachs Bank AG
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Goldman Sachs Bank AG’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
