Associate-Intermediate/VP with Goldman Sachs & Co. LLC in New York, NY.
Work Schedule: 40 hours per week (9:00 a.m. to 6:00 p.m.)
Duties: Associate-Intermediate/VP with Goldman Sachs & Co. LLC in New York, NY. Play a senior role in the global portfolio construction process for the Equity Alpha business within the Quantitative Strategies Group responsible for managing investments on behalf of client investors in mutual funds or pension funds, using proprietary infrastructure and models. Be responsible for designing and improving portfolio construction processes of equity portfolios for daily rebalance and ad-hoc requests, and decide portfolio construction parameters based on clients’ requests and market conditions using proprietary optimization systems. Manage constraints to achieve desired characteristics profile for equity portfolios using Axioma-based optimizer; perform portfolio analysis using linear regression, statistics and econometrics techniques. Coordinate with research, trading, data, technology, and compliance teams to accurately implement model views and client guidelines in optimizer, and ensure timely trades execution. Analyze financial and alternative data sets to develop quantitative investment models in Matlab to predict stock returns based on finance, accounting and economics theories. Coordinate implementation of new releases of the stock selection investment models into production. Perform and oversee cash management activities for mutual funds domiciled in the US, Tokyo, Luxembourg and Dublin. Lead projects to design and enhance portfolio management systems by coordinating with strats and technology team. Train new and junior members of the team in portfolio construction, trade generation and cash management for quantitatively managed US, global and Emerging Markets portfolios.
Job Requirements: Master’s or Bachelor’s degree (U.S. or foreign equivalent) in Finance, Economics, Mathematics, Financial Engineering, or a related field. Master’s degree plus three (3) years of experience or Bachelor’s degree plus five (5) years of experience in the job offered or related finance position. Must have three (3) years of experience if Master’s degree or five (5) years of experience if Bachelor’s degree with: Equity portfolio management in the global context; Understanding of equity factor risk and alpha models and other financial concepts related to equity portfolio management; Building and testing equity investment strategies by utilizing large datasets in Matlab/Python or similar language; Understanding of portfolio optimization systems for equity portfolios, including linear, quadratic, and integer programming through Axioma-based optimizer; Demonstrating knowledge of equity portfolio performance attribution and risk metrics; Demonstrating knowledge of mutual fund cash management techniques for multi-region portfolios domiciled in different countries; Understanding of stock and FX trading and settlement processes in various jurisdictions.
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
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