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Asset & Wealth Management – Analyst / Associate Quantitative Strategist in Wealth Management Strats

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Goldman Sachs

1mo ago

  • Job
    Full-time
    Junior & Mid Level
  • Data
    Banking & Finance
  • London

AI generated summary

  • You should have a quantitative degree (Masters/PhD preferred), strong analytical and programming skills, experience in software development, and the ability to communicate complex ideas effectively.
  • You will build quantitative models, streamline portfolio management, develop data tools, enhance risk management, and conduct scenario analysis for optimal funding and pricing strategies.

Requirements

  • Background in a quantitative discipline (e.g. mathematics, engineering, physics, or computer science) with a preference for Masters and PhDs
  • Strong mathematical and analytical skills
  • Desire and ability to create innovative solutions to commercial challenges
  • Proficient in at least one programming language, and proven experience in production software development life cycle (SDLC)
  • Excellent communication skills
  • A self-starter, should have ability to work independently as well as thrive in a team environment
  • 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
  • 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.

Responsibilities

  • Working closely with portfolio managers to build quantitative models and tools to streamline portfolio management process
  • 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.
  • Implementing mathematical models and analytics in production-quality software.
  • 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

FAQs

What is the role of an Analyst/Associate Quantitative Strategist in Wealth Management Strats?

The role involves building quantitative models and tools to streamline the portfolio management process, develop analytics and signals, and support investment decisions across various asset classes in Wealth Management.

What qualifications are required for this position?

Candidates should have a Bachelor's, Master's, or Ph.D. in a quantitative or engineering field, such as mathematics, physics, quantitative finance, computational finance, computer science, or engineering. Additionally, 1-3 years of experience in quantitative financial modeling and software development is preferred.

What types of skills are essential for this role?

Strong analytical and coding skills are essential, along with a proficiency in at least one programming language. Candidates should also possess strong mathematical skills, creativity, problem-solving abilities, and excellent communication skills.

What kind of projects might a Quantitative Strategist work on?

A Quantitative Strategist may work on projects involving alpha-generating strategies, portfolio allocation, risk management, product pricing, funding optimization, and scenario analysis related to stress testing on the balance sheet.

Is previous experience in financial modeling necessary?

Yes, previous experience in quantitative financial modeling and software development is important, particularly if it involves the application of statistical methods, time-series analysis, and the development of risk management models.

Will there be opportunities for training and development?

Yes, the position includes training by experts in the firm to navigate complexities in financial markets and learn state-of-the-art methods in quantitative finance.

What is the work environment like for this role?

The work environment is dynamic and fast-paced, requiring a balance of independent work and collaboration within a diverse team of professionals.

Is knowledge of databases and SQL important for this position?

Yes, experience in manipulating datasets using relational databases and SQL is preferred as part of developing quantitative analytics and tools.

Are there opportunities for advancement within the company?

Goldman Sachs is committed to the professional growth of its employees, offering opportunities for advancement and development through various training programs and networks.

Does Goldman Sachs prioritize diversity and inclusion?

Yes, Goldman Sachs is dedicated to fostering diversity and inclusion within the workplace, ensuring all individuals have opportunities for professional and personal growth.

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Goldman Sachs

Finance
Industry
10,001+
Employees
1869
Founded Year

Mission & Purpose

Goldman Sachs is a global investment banking, securities, and investment management firm. They offer a range of financial services to corporations, financial institutions, governments, and individuals. Goldman Sachs' primary activities include investment banking, asset management, securities trading, and providing advisory services. Their ultimate mission is to be a leading global financial institution, providing superior financial expertise and solutions to their clients. The purpose of Goldman Sachs is to help their clients achieve their financial goals, manage risk, and navigate complex markets. They aim to drive economic growth, foster innovation, and create long-term value for their clients, shareholders, and the communities they operate in. Goldman Sachs is committed to upholding the highest standards of integrity, professionalism, and client service, serving as a trusted partner and advisor in the world of finance.

Culture & Values

  • Partnership

    We prioritize collaboration and believe in the strength of the collective, creating a culture that fosters teamwork and belonging in the pursuit of professional and personal growth.

  • Client Service

    We lead with a service mindset, working to earn our clients’ trust and exceed their expectations by understanding and overdelivering on their goals.

  • Integrity

    We hold ourselves accountable to the highest ethical standards, insisting on transparency and vigilance from our people as we learn from our experiences and make decisions that instill a sense of pride in our firm.

  • Excellence

    We aspire to nothing less than excellence, striving for exceptional performance and superior results for our clients, our shareholders, and our communities.

Benefits

  • Holiday and Vacation Policies

    We offer competitive vacation policies based on employee level and office location. This is in addition to any number of statutory and public holidays as determined by each office. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

  • Financial Wellness & Retirement

    The firm provides a number of resources and offerings designed to help our employees achieve their personal financial goals. We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities — from buying a home, to navigating market volatility and investments, legacy and estate planning, tax strategies, and will preparation.

  • Health Services

    We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

  • Childcare / Family Care

    In some offices, we offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

  • Flexible Working

    Based on manager approval, the following arrangements may be available to help employees meet their personal and family responsibilities: part-time schedules, job sharing, telecommuting, and alternate hours.