Quantitative Engineering

Goldman Sachs Bank AG; New York (NY); On-site; USD 150,000 - 225,000; Full time

Job summary

Goldman Sachs is hiring a Trading Desk Strategist for the Global Banking & Markets Synthetic Products Group in New York, NY. The role focuses on building quantitative models, automating processes, and enhancing trading strategies to grow revenue and manage risk in a fast-paced environment.

Ideal candidates hold a PhD or Master’s in a quantitative field and have strong programming skills in C++, Python, or Java. Prior finance/data analysis experience is preferable.

Qualifications

• PhD or Master’s in a quantitative field such as CS, math, physics, engineering, computational finance, or quantitative finance.

Responsibilities

• Expand desk’s product offering by developing models for new client trades.
• Enhance operational scale and reduce desk cost via automation.
• Analyze and implement trading strategies for the desk.
• Develop and maintain trading systems for the desk.
• Calculate and attribute the desk’s profit and loss.
• Calculate real-time and daily risk.

Skills

C++

Python

Java

Education

PhD or Masters in Computer Science/Math/Physics/Engineering/Computational Finance/Quantitative Finance

Job description

Trading Desk Strategist, Global Banking & Markets, Synthetic Products Group (SPG) location_on New York, NY, United States

Who We Are

Synthetic Products Franchise strats are working with the firm’s management, trading, sales, finance and operation personnel, using their mathematical and scientific training to create financial products, develop highly efficient automated solutions, advise clients on transactions, price and systematically manage risk and identify market opportunities.

The team’s objectives are to expand GS Equity Swaps business, help attracting new clients and grow revenue. We do this by building next generation of automated systems that provide best-in-class client experience.

What We Do

Our quantitative strategists are at the cutting edge of our business, solving real-world problems through a variety of analytical methods. Working in close collaboration with bankers, traders and portfolio managers across the firm, their invaluable quantitative perspectives on complex financial and technical challenges power our business decisions.

As a member of our team, you will use your advanced training in mathematics, programming and logical thinking to construct quantitative models that drive our success in global financial markets. Your talents for research, analysis and aptitude for innovation will define your contributions and enable you to find solutions to a broad range of problems, in a dynamic, fast-paced environment.

Whatever your background, you will bring a fresh perspective and unique skillset to our business. In return, you will be trained by our experts across the firm to navigate the complexities of the financial markets and state-of-the-art methods in quantitative finance.

An ordinary day is anything but. You may work on alpha generating strategies; discuss portfolio allocation problems; and build models for prediction, pricing, trading automation, data analysis and more. Whichever your area of contribution, your ideas will have measurable effect on our business and for our clients.

How You Will Fulfill Your Potential

• Expanding desk’s product offering by developing models for new client trades.
• Enhancing operational scale and reducing desk cost via process automation.
• Analysis and implementation of trading strategies for the desk.
• Development and maintenance of trading systems for the desk.
• Calculation and attribution of the desk’s profit and loss.
• Calculation of real-time and daily risk.

Who We Look For

• PhD or Masters in applicable field such as Computer Science, Mathematics, Physics, Engineering, Computational Finance, Quantitative Finance.
• Strong programming skills and experience with an object oriented programming language (such as C++, Python, Java).
• Strong analytical and problem solving skills using math, statistics, and programming.
• 1 - 5 years of work experience is preferable.
• Prior experience in Finance industry is preferable.
• Work experience in data analysis is preferable.
• Basic fixed income & bond mathematics knowledge is preferable.
• Experience in development of models for bespoke financial products is preferable.

Salary Range
The expected base salary for this New York, New York, United States-based position is $150,000-$225,000. 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 .

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: https://www.goldmansachs.com/careers/footer/disability-statement.html

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.