Risk Division - New York - Associate, Model Risk - 4642340

Job Title

Associate, Model Risk

Location

New York, New York

Responsibilities

• 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 across various platforms.
• Develop and implement benchmark models to analyze production model performance.
• Document the entire validation fieldwork in LaTeX files for automated version control and report validation findings to model owners and developers for remedial action.
• Monitor the performance of the firm’s interest rate pricing models and investigate model-related incidents.
• Collaborate with stakeholders to address model-related issues or new regulatory compliance requirements.
• Advise senior management on risks associated with new initiatives and changes to existing interest rate pricing models.

Qualifications & Requirements

• Master’s degree (U.S. or foreign equivalent) in Economics, Finance, Financial Economics, Mathematics, or a related field and one (1) year in the job offered or in a related role, or
• Bachelor’s degree (U.S. or foreign equivalent) in Economics, Finance, Financial Economics, Mathematics or a related field and three (3) years in the job offered or in a related role.
• Experience includes one (1) year with a Master’s degree or three (3) years with a Bachelor’s degree in:
  • Evaluating pricing and risks of futures, options, swaps, and general derivatives;
  • Working with interest rate pricing models;
  • Functional scripting languages such as Python, R, or MATLAB;
  • Object-oriented languages such as C++ or Java;
  • Relational database experience including SQL;
  • LaTeX to produce formal, version-controlled documents with equations and tables;
  • Identifying bugs and design errors in code snippets;
  • Writing tests to validate code design.

Salary

Annual base salary for this New York, New York-based position is $142,000 – $169,000.

Company Information

©The Goldman Sachs Group, Inc., 2026. 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.