What We Do
At Goldman Sachs, we connect people, capital and ideas to help solve problems for our clients. We are a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals.
Asset & Wealth Management – Associate/Analyst Quantitative Strategist in Private Wealth Management Strats
Our quantitative strategists are at the cutting edge of our business and solve real-world problems through a variety of analytical methods. As a member of our team, you will utilize your training in mathematics, programming, and logical thinking to build quantitative models that drive success in our business. Your problem-solving talents and aptitude for innovation will help define your contributions and enable you to find solutions to a broad range of problems, in a dynamic, fast-paced environment.
Responsibilities
As a strategist on our team, you will work closely with the Risk Managers, Goldman Sachs Private Bank, our global deposits and lending business serving ultra-high-net-worth clients. Your quantitative and software skills will be essential in developing new analytics, tools and models to help the Private Bank manage risk and optimize profitability. You will combine quantitative techniques and industry knowledge to build best in class models and tools that streamline risk management, detect fraud at scale, enable optimized data-driven business decision making, and optimize profitability.
Areas and examples for how strategists contribute to the success of the Private Bank include
- Product pricing: Streamline and improve how lenders set rates across its portfolio of products, using financial return-on-equity models
- Funding optimization: Design quantitative models to help understand and realize the value of the bank’s non-maturity deposits business for internal funding
- Risk Management: Develop quantitative models and tools to manage the private bank’s risk, such as developing a rate-sensitive prepayment model to improve hedging of the bank’s mortgage portfolio, and develop tools for counterparty credit risk management.
- Scenario analysis: Build models to project the impact of various stress scenarios on the balance sheet and protect the bank by informing the firm’s capital adequacy under stress
About Goldman Sachs PWM
Across Wealth Management, Goldman Sachs helps empower clients and customers around the world to reach their financial goals. Our advisor-led wealth management businesses provide financial planning, investment management, banking, and comprehensive advice to a wide range of clients, including ultra-high net worth and high net worth individuals, as well as family offices, foundations and endowments, and corporations and their employees. Our consumer business provides digital solutions for customers to better spend, borrow, invest, and save. Across Wealth Management, our growth is driven by a relentless focus on our people, our clients and customers, and leading-edge technology, data, and design.
Basic Qualifications
- Bachelor, Masters, or Ph.D. in a quantitative or engineering field, e.g. mathematics, physics, quantitative finance, computational finance, computer science, engineering
- 3+ years of experience in the job offered or related quantitative financial modelling and software development positions
- Programming and mathematical skills are required
- Creativity, problem-solving skills, and ability to communicate complex ideas to a variety of audiences
- A self-starter, should have ability to work independently as well as thrive in a team environment
Preferred Qualifications
- Previous work experience in: Utilizing statistical methods, including time-series and regression analysis; programming in object-oriented languages for efficient model implementations; manipulating data sets using relational databases and SQL
Goldman Sachs Engineering Culture
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
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