The Goldman Sachs Group, Inc

GBM - Systematic Credit Trading Strats, VP - NY

The Goldman Sachs Group, Inc$150K — $300K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Programming experience in Python, Java, or C++ with a focus on writing clean, testable code.
  • Bachelor's or Master's degree in a STEM discipline or equivalent quantitative experience.
  • Strong written and verbal communication skills to explain technical topics clearly.
  • Demonstrated interest in markets, trading, and systematic decision-making.

Responsibilities

  • Enhance models and tools for ETF fair-value, spread analytics, and execution quality.
  • Support systematic quoting frameworks and real-time risk monitoring.
  • Build tools to assist in managing desk exposures.
  • Design and improve hedging workflows using appropriate FICC instruments.
  • Write efficient, well-tested code to support pricing, risk, and workflow automation.
  • Partner with Technology to productionize tools and improve system robustness.

Benefits

  • Valuable and competitive benefits and wellness offerings for full-time and part-time employees.
  • Core focus on providing a strong overall employee experience.
Full Job Description
Job Description

GLOBAL BANKING & MARKETS - Systematic Credit Trading Strats

Job Summary

Candidates joining the Systematic Credit Strats team are engaged in market making and its related functions in US Credit. Team members combine their mathematical, programming and market expertise to build and generate systematic strategies.

The desk looks for individuals with strong communication, both written and verbal, strong mathematical skillsets, programming experience, and who are motivated to get hands on experience with systematic trading.

This role is specifically focused on the desk's FICC ETF trading business - both the primary and secondary market making side of the business.

Key Responsibilities
  1. Pricing & Analytics
    • Enhance models and tools for ETF fair-value, spread analytics, and execution quality.
    • Support systematic quoting frameworks and real-time risk monitoring.
  2. Risk Management
    • Build tools to assist in managing desk exposures.
    • Design and improve hedging workflows using appropriate FICC instruments consistent with desk strategy and risk limits.
  3. Technology & Automation
    • Write efficient, well-tested code to support pricing, risk, and workflow automation.
    • Partner with Technology to productionize tools and improve system robustness.

Required Qualifications
  • Programming experience in Python, Java, C++ (or similar); ability to write clean, testable code.
  • Bachelor's or Master's degree in a STEM discipline (or equivalent quantitative experience).
  • Strong written and verbal communication skills; ability to explain technical topics clearly.
  • Demonstrated interest in markets, trading, and systematic decision-making.

Preferred Qualifications
  • Prior experience with FICC ETFs (e.g., rates, credit, mortgages, muni, inflation, EM debt ETFs) or ETFs in general, including trading, market making, portfolio trading, or ETF analytics.
  • Understanding of ETF mechanics such as secondary-market trading vs. creation/redemption and how underlying liquidity impacts ETF pricing.
  • Experience with fixed income products, including hedging instruments (futures/swaps) and market microstructure.

What Success Looks Like
  • You improve model accuracy and tooling that enhances quoting consistency and risk transparency.
  • You help the desk manage exposures effectively during fast markets.
  • You deliver reliable code and analytics that scale across products and workflows.


Salary Range
The expected base salary for this New York, New York, United States-based position is $150000-$300000. 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 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.

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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.

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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.

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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.

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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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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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