New York
Job DutiesAssociate with Goldman Sachs Bank USA in New York, New York. Develop trade ideas and hedging strategies for efficient risk mitigation, opportunistic monetization, and target market dislocations through a range of hedge structures including vanilla and exotics rate derivatives. Apply statistical knowledge to option market data and modeling data to discover patterns and make predictions of key metrics of option trading, as well as develop tools and research platforms for systematic trading and inventory-management strategies. Be responsible interest rates derivative portfolios, covering listed and OTC interest-rate derivatives (e.g., futures, total-return swaps, interest-rate swaps, and swaptions). Help to improve internal tools for relative value analysis and risk management of the book. Interact with credit, equities, commodities strategists, and present economic and market views to internal and external clients.
Job RequirementsMaster's degree (U.S. or foreign equivalent) in Economics, Finance, Applied Mathematics, Physics, Financial Engineering, or a related field and one (1) year of experience in the job offered or in a related role working with quantitative research or derivatives structuring OR Bachelor's degree (U.S. or foreign equivalent) in Economics, Finance, Applied Mathematics, Physics, Financial Engineering, or a related field and three (3) years of experience in the job offered or in a related role working with quantitative research or derivatives structuring. Prior experience must include one (1) year (with a Master's) or three (3) years (with a Bachelor's) in the following building investment products and strategies across asset classes applying knowledge of stochastic volatility models building investment products using exotic option pay outs, such as binary options or hybrid options using Python programming to build and maintain required databases and analyze large data sets, including the following libraries pandas, numpy, stats, sklearn, matplotlib, and requests working on models for interest rates products developing systematic trading strategies, from idea generation and data collection to analysis, model creation, and portfolio implementation applying quantitative time-series, econometric and regression skills to perform research and create reports using macroeconomic and financial datasets and creating and authoring reports presenting the results of the quantitative analyses, with written summary and description of the work and findings and associated tables and figures, and working with sales and trading teams to develop and present investment strategies. FINRA Series 7 within 6 months after joining. 5% - 10% of time domestic and international travel.
Salary Range The expected annual base salary for this New York, New York, United States-based position is $150,000 - $300,000. 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
https//www.goldmansachs.com/careers/discover/benefits-summary-US.pdf
The Goldman Sachs Group, Inc., 2024. All rights reserved. Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity.