Asset & Wealth Management, Quantitative Equity Solutions – Options Portfolio Management, Associate – New York

Goldman Sachs, Inc.; New York (NY); On-site; USD 100,000 - 170,000; Full time

Job summary

Goldman Sachs Asset Management seeks an Associate (Option PM) to focus on equity options portfolio management. You will work with senior portfolio managers to develop strategies, rebalance portfolios, and collaborate with trading, engineering, and client teams to drive scalable, data-driven investment solutions.

The role emphasizes quantitative analysis, risk attribution, and the integration of innovative option strategies into production systems within a fast-paced asset management environment

Qualifications

• 2 years of professional experience with equity option strategies and trading exposure.
• Undergraduate/graduate degree in mathematics, computer science, financial engineering, or related STEM field.
• Programming experience in Matlab, Python, R, Java, C/C++.
• Strong communication and collaborative skills with attention to detail.

Responsibilities

• Manage equity option portfolios in SMAs on a daily basis and rebalance per mandates.
• Collaborate with trading to execute equity derivative transactions across venues.
• Analyze portfolio risks using quantitative techniques including Greek-based attribution.
• Monitor and refine option strategies; design new strategies via research.
• Work with engineers to integrate ideas into production portfolio systems and testing.
• Engage with client portfolio managers to align strategies with investor needs.

Skills

Equity options experience

Strong communication

Team collaboration

Attention to detail

Education

STEM degree (math/CS/financial engineering)

Tools

Matlab

Python

R

Java

C/C++

Job description

Job Description

Goldman Sachs Asset Management’s Quantitative Equity Solutions team is a fast growing group which oversees more than $350BN across over 90,000 customized equity portfolios, Exchange Funds, Mutual Funds and ETFs. The Quantitative Equity Solutions group delivers investment solutions to High Net Worth, Institutional and Retail clients in order to address investor needs and goals including: tax management, risk management, value alignment, yield enhancement, customization, etc.

As a focal point for one of the division’s key priority initiatives, the team operates in an entrepreneurial environment but with the resources of a large organization. A core focus for the team is managing cutting-edge investment strategies and innovating new investment capabilities that can transform the asset management industry. We design and employ highly-scalable portfolio management systems to create equity-based strategies to meet client investors needs. Current investment solutions range from tax managed offerings, single stock diversification, income based strategies, factor based investing, values alignment and environmentally oriented portfolios – with more strategies under development.

The Portfolio Management team is responsible for the investment strategies implemented within Quantitative Equity Solutions’ customized equity portfolios and Mutual Funds. Responsibilities include investment strategy development, portfolio construction and performance monitoring. Portfolio managers works closely with client portfolios managers, engineers, operations, controllers, compliance, and product managers. Responsibilities also include collaborating on new investment strategies and digital tools we are developing. Our team is energized by leveraging technology to create scale and customization across our entire business and deliver an excellent client experience with industry leading investment solutions and performance. Our team operates in a fast-paced environment that welcomes individuals who have a background and demonstrated interest in portfolio management, investment research and client collaboration. The Associate (Option PM) role within the Portfolio Management team will specifically work with senior portfolio managers to focus on equity options portfolio management.

Responsibilities:

• Manage equity option portfolios in separately managed accounts (SMAs) on a daily basis and rebalance to adhere to their respective mandates
• Work with trading team to execute various classes of equity derivative linked transactions through multiple venues
• Analyze portfolio risks at the business and client levels using various quantitative techniques such as Risk and PnL attribution and Greek based portfolio analysis (Delta/Gamma/Theta/Vega)
• Monitor and enhance existing option strategies and design new strategies leveraging statistical techniques in research projects
• Work with engineering teams to refine and integrate option research ideas into production portfolio management systems, including detailed technical design specifications and testing
• Collaborate with client portfolio managers to incorporate investor needs in investment strategy design, joining meetings with financial advisors and end clients as appropriate

Qualifications:

• 2 years of professional experience with equity option strategies, preferably with trading experience and exposure to equity vol products
• Undergraduate and/or graduate degree in mathematics, computer science, financial engineering, or other STEM-related background
• Computer programming experience (e.g., Matlab, Python, R, Java, C / C )
• Creative, diverse problem-solving skills, solid economic intuition, good commercial instinct and interest in equity derivatives markets
• Exceptional attention to detail, careful/thorough, well organized, effective time management
• Thrive in a team-oriented and collaborative environment and brings a great attitude to work
• Excellent communication skills

Salary Range

The expected base salary for this New York, New York, United States-based position is $100000-$170000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits

Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.