Credit Risk

Risk, Credit Risk, Internal Credit Ratings Governance, Associate, Warsaw location_on Warsaw, Mazowieckie, Poland

RISK

Goldman Sachs' Risk Division develops comprehensive programs and processes to identify, monitor, assess and manage financial and non-financial risks in support of the firm's risk appetite statement and strategic business plans. Whether assessing the creditworthiness of the firm's counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance oversight, Risk teams play a critical function for the firm driving how the firm considers and manages risk. The division is ideal for collaborative individuals who have an aptitude to challenge, are analytically curious, and an unwavering commitment to excellence.

Division / Business

Credit Risk (CR) is responsible for managing the firm's credit exposure to its trading and lending counterparties. Leveraging its extensive expertise in financial, credit and risk analysis, CR ensures that credit exposure to our counterparties is managed within the firm's risk appetite. Staffed with more than 270 professionals, CR operates through 12 different offices around the world and credit professionals work closely with many areas of the firm. CR professionals gain diverse financial experience and a broad perspective on how the entire firm functions. The interaction with numerous departments and the range of projects that ensue allow for a challenging, varied and multi-dimensional work environment.

THE ROLE & RESPONSIBILITIES

Credit Risk Internal Credit Ratings (ICR) Governance Team Overview

The Credit Risk ICR Governance Team is a cross-industry global team with central oversight of the Internal Credit Ratings (ICR) system and procedures. The Team’s focus is to ensure rating framework consistency, transparency, repeatability and adherence to internal Credit Risk Policies, Procedures, and Standards as well as global and regional (i.e. European) regulatory requirements.

ICR Governance Team is responsible for supporting development and / or enhancement of industry specific ICR models and methodologies used for both underwriting and on-going portfolio monitoring, working closely with industry subject matter experts. Industries include but are not limited to Corporates, Financial Institutions, Commercial Real Estate, Investment Funds, and Structured Finance. In addition, the Team provides data analytics in support of ratings to Credit Risk leadership through on-going monitoring and controls.

Key Responsibilities

• Oversee the maintenance and challenge of existingindustry-specific ICR models and methodologies, ensuring accuracy and consistency where relevant. Provide strategic input in the development of ICR models and methodology changes, collaborating with industry subject matter experts.
• Design and report on aspects of Credit Risk's ICR framework via the development of templates, standards, guidelines, and key performance indicators to senior management and governance committees.
• Develop and oversee cross-industry ICR methodologies & review frameworks, including related system enhancements and training
• Own RCSA program deliverables related to ICRs including action plans, control monitoring, and control evaluation.
• Coordinate the review of new and evolvingglobal regulatory requirements applicable to Internal Risk Ratings frameworks to ensure compliance.
• Lead and participate in global regulatory engagement on Credit Risk's ICR system and procedures.

EXPERIENCE & SKILLS REQUIRED

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. Learn more 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. Learn more :

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.

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.

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.

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