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 Wealth Management Strats team, you will work closely with various teams including Goldman Sachs Private Bank, risk management, portfolio management and marketing, and fraud strategy. 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 processes and improve model driven product pricing, inclusive of firm specific profitability constraints
Funding optimization: Design quantitative models to help understand and efficiently deploy the value of the bank’s deposits business
Risk Management: Develop quantitative models and tools to manage risk, such as refining rate-sensitive prepayment models and enhancing counterparty credit risk measurements.
Scenario analysis: Build models to project the impact of various stress scenarios on the balance sheet & revenue and help manage the bank by informing the firm’s capital adequacy under stress
Machine Learning: Developing and deploying ML models for fraud and anomaly detection as well as business workflows enhancement
Deliver risk metrics and quantitative analytics non-financial risks across wealth management
Building and maintaining robust and systematic risk management tools and reporting
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
Excellent understanding of machine learning techniques and algorithms, such as gradient boosting decision trees, random forests, etc., is a plus
Experience with building models using common data science toolkits, i.e., Python (Pandas, NumPy, Scikit-learn) and Spark
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 .
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