The Goldman Sachs Group, Inc

Asset & Wealth Management - New York - Associate, External Product Specialists - 10243378

The Goldman Sachs Group, Inc$113K — $187K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Master's or Bachelor's degree in Mathematics, Financial Mathematics, Quantitative & Computational Finance, or related field
  • 1 year experience (Master's) or 3 years (Bachelor's) in a related role
  • Experience in full stack model development with data acquisition, ETL, and reporting using Python
  • Proficiency in quantitative methods like stochastic modeling and numerical optimization
  • Knowledge of model Risk Management frameworks and back-testing methodologies

Responsibilities

  • Design, develop, and maintain complex financial mathematical models for clients
  • Serve as risk modeler for validation and enhancements in Model Risk Management
  • Create tailored analyses for clients based on individual asset allocation and preferences
  • Guide business reporting by designing metrics and communicating results
  • Develop customized case studies using advanced quantitative methods
  • Monitor portfolios and manage risk for concentrated equity positions
  • Communicate complex model results to clients in an accessible manner

Benefits

  • Collaboration with a diverse team of finance professionals
  • Engagement with high-profile clients in a dynamic environment
  • Exposure to innovative financial modeling techniques
  • Opportunities for continuous learning and professional development
  • Emphasis on adherence to high business and regulatory standards
Full Job Description
Job Description

Job Duties: Associate, External Product Specialists with Goldman Sachs & Co. LLC in New York, New York. Design, develop, and maintain complex financial mathematical models that are customized to our clients' specific situations utilizing advanced statistical and optimization methods (regression analysis, machine learning, factor models, Monte-Carlo methods, convex optimization). Serve as risk modeler for the purpose of model validation with Model Risk Management (including model validation, governance, and continuous model enhancements). Create highly customized analyses for clients considering their specific situation, asset allocation, and preferences. Guide business reporting for the wider team by designing and compiling appropriate performance metrics and communicating the results to senior stakeholders. Develop customized case studies using advanced quantitative financial and mathematical methods. Create tools for effectively monitoring portfolios and risk management of concentrated positions of equities. Work with the firm's advisors and clients to deliver results of the analyses and communicate results of complex models using a business appropriate language based on the clients' varying technical backgrounds. Coordinate with internal and external stakeholders to ensure high business and regulatory standards of the content created by the team.

Job Requirements: Master's degree (U.S. or foreign equivalent) in Mathematics, Financial Mathematics, Quantitative & Computational Finance, or related field and one (1) year of experience in job offered or related role or Bachelor's degree (U.S. or foreign equivalent) in Mathematics, Financial Mathematics, Quantitative & Computational Finance, or related field and three (3) years of experience in job offered or related role. Prior employment must include one (1) year of experience (with a Master's) OR three (3) years of experience (with a Bachelor's) with: full stack model development including data acquisition, ETL, model implementation, and reporting using scripting languages including Python; quantitative methods including stochastic modeling, numerical optimization, and statistical theory, to select the appropriate methodologies for varying financial problem sets; model Risk Management frameworks including model documentation standards, back-testing methodologies, and sensitivity analysis; coordinating and communicating with cross-functional stakeholders, such as Technology, Risk, Compliance, to ensure adherence to established delivery standards; translating business requirements into the model language and aligning model specifications with the defined business standards; and explaining mathematical models in a language appropriate for client audience.

Salary Range: Annual base salary for this New York, New York-based position is $113,000 - $187,000.

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

Lead with Innovation and Leadership

Step into a role where your skills will be honed and your leadership capabilities enhanced. The Goldman Sachs Group, Inc. is at the forefront of merging financial expertise with technological innovation, creating a platform for you to lead impactful initiatives.

Join Our Diverse and Inclusive Team

Diversity and inclusion are at the core of our company culture. With employees from various backgrounds, Goldman Sachs thrives on the rich ideas and perspectives that this diversity brings. Here, every team member’s contribution is valued, and every voice is heard.

Explore Job Opportunities and Internships

Whether you’re seeking full-time employment or looking into internship opportunities, Goldman Sachs offers a range of positions that cater to different skills, experiences, and career aspirations. From analyst to executive positions, discover how you can contribute to our legacy of success.

Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

Prepare for Your Future

Ready to take the next step? Prepare your resume, sharpen your interview skills, and explore the vast array of job opportunities at The Goldman Sachs Group, Inc. Our hiring process is designed to identify and nurture talent, helping you to achieve your career goals.

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Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

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At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ

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