Asset & Wealth Management -Equity Options Quantitative Engineer - Vice President - New York

Job Description

About Asset & Wealth Management

Bringing together traditional and alternative investments, we provide clients around the world with a dedicated partnership and focus on long-term performance.

As the firm's primary investment area, we provide investment and advisory services for some of the world's leading pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals, for which we oversee more than $2 trillion in assets under supervision.

Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. We are :

• Investors , spanning traditional and alternative markets offering products and services
• Advisors , understanding our clients' priorities and poised to help provide investment advice and strategies that make sense for their portfolios
• Thought Leaders , providing timely insights across macro and secular themes to help inform our clients' investment decisions
• Innovators , using our suite of digital solutions to help our clients address complex challenges and meet their financial goals

About Quantitative Equity Solutions Team in AWM

The Quantitative Equity Solutions team within AWM is a fast growing group which oversees more than $150BN across over 40,000 customized equity portfolios.

The team delivers bespoke investment solutions to High Net Worth, Institutional and Retail clients. 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 creating disruptive digital tools and designing cutting-edge investment strategies that are capable of transforming the asset management industry.

We design and employ highly-scalable portfolio management systems to create equity-based strategies designed to meet client investment objectives.

We invest on behalf of clients via a direct indexing approach, through highly customized separate accounts. Current investment solutions range from tax advantaged offerings, income based strategies, factor based investing, index replication, values alignment and ESG oriented portfolios - with more strategies under development.

Our team of portfolio managers works closely with Technologists, Strategists and Sales people to oversee all aspects of the portfolio management process, design systems and workflows, drive research projects and collaborate to create new investment strategies.

We are energized by leveraging technology to create scale and customization across our entire business and deliver an excellent client experience.

Our team operates in a fast paced environment that welcomes individuals who have a OR / Financial Engineering background and demonstrated interest in driving efficiency, optimizing systems and portfolio management topics.

Your Impact as a Strategist

Within Goldman Sachs Asset Management, quantitative engineering strategists are at the cutting edge of our business, solving real-world problems through a variety of analytical methods.

Working in close collaboration with portfolio managers across asset classes, their invaluable quantitative perspectives on complex financial and technical challenges power our business and investment 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.

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 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, trading automation, data analysis and more.

Whichever your area of contribution, your ideas will have measurable effect on our business and for our clients.

Who We Look For

We are interested in individuals who have strong coding and analytical skills and a passion to use technology to solve business problems.

Although the work performed by this team is financial in nature, applicants need not have specific financial knowledge or experience to apply.

Responsibilities

• Working closely with portfolio managers to design quantitative strategies and models.
• Collaborating with various teams and developing sustainable production systems, which can evolve and adapt to changes in our fast-paced, global business environment.
• Developing quantitative analytics and signals using advanced statistical, quantitative, or econometric techniques to improve the portfolio construction process and improve portfolio performance
• Developing rigorous and scalable data management / analysis tools to support the investment process.
• Developing quantitative risk analytics, including factor models, market risk, counterparty risk and liquidity risk.
• Transforming concepts and ideas into robust software leveraging object oriented or functional programming languages.
• Implementing mathematical models and analytics in production-quality software.

Qualifications

We are looking for profiles with different quantitative and soft skills amongst :

• 7+ years of experience building portfolio management strategies and systems in equity options (required) and equities.
• Background in a quantitative discipline (e.g. mathematics, engineering, physics, or computer science) with a preference for Masters and PhDs
• Proficient in at least one programming language, and proven experience in production software development life cycle (SDLC)
• Strong written / verbal communication skills : the ability to communicate complex ideas in a simple and intuitive way
• Strong teamwork skills are essential, great attention to detail, ability to multi-task
• A self-starter, should have ability to work independently as well as thrive in a team environment

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-$250000. 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.