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Global Markets Division, Ficcs GCEM Strats - Quantitative Engineer - VP/ Associate - New York

Goldman Sachs

Goldman Sachs

New York, NY, USA
Posted on Thursday, June 6, 2024

Job Description

Global Markets Division, Ficcs GCEM Strats – Quantitative Engineer – VP / Associate – New York

MORE ABOUT THIS JOB

What We Do

Operating at the center of global financial markets, Global Markets Division serve institutional clients including asset managers, hedge funds, banks and brokerages, pensions, endowments and foundations, corporations and governments. We help them buy and sell financial products around the world, raise funding, and manage risk. This is a dynamic, entrepreneurial team with a passion for the markets, with individuals who thrive in fast-paced, changing environments and are energized by a bustling trading floor.

The Global Currency and Emerging Markets (GCEM) Strats team work closely with trading to develop quantitative and technological techniques to solve complex business problems. Desk Strats sit on trading floors, creating cutting-edge models, analytics, data visualization and trading tools, for our internal and external clients.

Your Impact

Do you have strong quantitative and analytical skills and a passion for financial markets? As a desk strat in GCEM team you’ll have the opportunity to apply your quantitative skills solving complex problem and create innovative solutions for our clients, at the same time you’ll be operating in the center of financial markets with plenty opportunity to learn.

Your work will be directly linked to the business bottom line. Whether it’s building a pricing model for a new product that help client hedging risk, or developing automatic pricing algorithms to help desk make better decisions in pricing or hedging, they all result in immediate commercial impact for the desk.

You’ll have a highly visible platform to use your skills and knowledge into making a direct impact to the firm’s bottom line. Given that the GCEM desk is global cross-asset desk, you will also gain exposure to a wide range of asset classes & risk factors (Credit/FX/Rates, vanillas/options/structured exotics). This provides an invaluable opportunity for you to sharpen your skills in different domains and build a deep and broad foundation of product knowledge.

RESPONSIBILITIES AND QUALIFICATIONS

Responsibilities

We are seeking a highly skilled quantitative analyst with >3 years of experience in structured derivative modeling. The successful candidate will join our dynamic team to develop, implement and maintain models for complex financial instruments such as callable notes, credit linked notes, total return swaps, rate volatility products, repo and financing structures. Derivative pricing model knowledge and practical experience is a must, experience in emerging markets is preferred.

Key Responsibilities:

  • Developing and maintaining cutting-edge derivative pricing models in response to market demands
  • Pricing and hedging analysis for complex transactions
  • Collaborate with cross-functional teams to ensure accurate pricing, risk and reports
  • Communicate complex quantitative concepts and results to non-technical stakeholders
  • Participate in business strategy development and provide quantitative insights for decision-making
  • Automate and streamline pricing and risk management workflow

Who We Look For

We are looking for candidates with strong quantitative, programming and communication skills with a keen interest applying those skills in the financial markets.

Basic Qualifications and Preferred Qualifications

  • MS, or PhD in Quantitative Field, e.g., Math, Stats, Computer Science or Engineering
  • Self-driven, quick learner, can-do attitude, results-oriented
  • Strong understanding of derivative pricing models, stochastic calculus and numerical methods
  • Experience with financial derivatives such as options, callable notes, repos, credit linked swaps
  • Excellent written and verbal communication skills
  • Strong problem solving and analytical skills, ability to work independently
  • Strong coding skills
  • Strong team player with a collaborative mindset

WHO WE ARE

At Goldman Sachs, our Engineers don’t just make things – we make things possible. Change the world by connecting people and capital with ideas. Solve the most challenging and pressing engineering problems for our clients. Join our engineering teams that build massively scalable software and systems, architect low latency infrastructure solutions, proactively guard against cyber threats, and leverage machine learning alongside financial engineering to continuously turn data into action. Create new businesses, transform finance, and explore a world of opportunity at the speed of markets.

Engineering, which is comprised of our Technology Division and global Strategists groups, is at the critical center of our business, and our dynamic environment requires innovative strategic thinking and immediate, real solutions. Want to push the limit of digital possibilities? Start 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

© The Goldman Sachs Group, Inc., 2023. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

Salary Range
The expected base salary for this New York, New York, United States-based position is $150000-$300000. 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.