Asset & Wealth Management-Quantitative Strategist-Associate
at Goldman Sachs
Posted 6 days ago
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- Compensation
- $115,000 – $180,000 USD
- City
- New York City
- Country
- United States
Currency: $ (USD)
Asset & Wealth Management – Associate Quantitative Strategist role within Wealth Management Strats. The candidate will apply mathematics, programming, and quantitative methods to build models that drive risk management, pricing, funding optimization, and profitability for ultra-high-net-worth clients. Responsibilities include product pricing, funding optimization, risk management tools, and scenario analysis to project stress impacts on the balance sheet. The role is at Goldman Sachs Wealth Management and requires 1-3 years of quantitative financial modeling and software development experience.
Asset & Wealth Management – Associate Quantitative Strategist in 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 Private Bank team, you will work closely with our global deposits and lending business serving ultra-high-net-worth clients. 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.
Responsibilities 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 Wealth Management
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
· 1-3 years of experience in the job offered or related quantitative financial modeling 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
- Previous work experience in: Developing bank loan and deposit pricing models and tools/models for risk management.
Salary Range
The expected base salary for this New York, New York, United States-based position is $115000-$180000. 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.
