At a Glance
- Tasks: Conduct portfolio research and collaborate on innovative volatility investment strategies.
- Company: Join Goldman Sachs, a leading global investment firm with a diverse and inclusive culture.
- Benefits: Enjoy competitive salary, health benefits, generous vacation, and professional development opportunities.
- Other info: Dynamic environment with excellent career growth and mentorship opportunities.
- Why this job: Make an impact in the finance world while working with cutting-edge quantitative methods.
- Qualifications: Strong Python skills and knowledge of options pricing and advanced statistics required.
The predicted salary is between 50000 - 70000 £ per year.
A career with Goldman Sachs Asset & Wealth Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world's leading asset managers with over $3 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions, and building meaningful relationships with your clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset & Wealth Management provides clients around the world with a dedicated partnership and focus on long-term performance.
The Quantitative Investment Strategies (QIS) group within Asset & Wealth Management is responsible for managing client assets, and is a market leader in quantitative portfolio management. We use advanced quantitative methods to structure, manage, and monitor investment portfolios including Exchange-Traded Funds (ETFs), mutual funds, and separately managed accounts. The role focuses on Systematic Volatility investing within our QIS Liquid Alternatives group and will contribute to the innovation and future growth of our volatility investing franchise with a particular focus on Defined Outcome and other derivatives-based structures in an ETF wrapper.
RESPONSIBILITIES
- Perform portfolio research and portfolio construction for liquid, derivatives-based portfolios.
- Contribute to quantitative research on systematic volatility strategies across equity and other Macro asset classes.
- Collaborate with senior portfolio managers to further develop, enhance, and maintain the research and portfolio management platform, encompassing strategy backtesting, performance monitoring, and risk analysis.
- Manage the end-to-end lifecycle of core software repositories both in research and production environments, creating and reviewing code in accordance to the team's SDLC requirements, to support the code base infrastructure.
- Manipulate structured and unstructured large datasets to extract quantitatively based insights for systematic volatility strategies.
- Assess the feasibility of systematic investment strategies regarding trading and implementation, incorporating liquidity and trading cost considerations.
- Serve as a junior portfolio manager for the systematic volatility vertical within the QIS Liquid Alternatives group.
- Monitor systematic volatility premia models on an ongoing basis to ensure expected return delivery within expected risk parameters.
- Review and sign off trades generated by the team’s systematic investment models.
- Contribute to the monitoring to ensure that the portfolios and associated materials are compliant with the relevant regulatory, governance, and risk processes.
- Assist client-facing personnel when addressing client requests requiring quantitative analysis as well as when directly engaging with clients in in-depth discussions about volatility-based portfolios.
REQUIRED QUALIFICATION
- Excellent Python programming skills and experience with other programming languages (e.g. C# or other languages).
- Proficiency in developing and deploying high-quality code within a production environment, ensuring strict adherence to established architectural standards and coding best practices.
- Knowledge of options pricing theory (classic and modern pricing methods, portfolio replication and stochastic calculus) and options derivatives analysis.
- Strong familiarity with advanced statistics, linear algebra, asset pricing models, and optimization techniques.
- Ability to synthesize and present research analysis, recommendations, and implications of investment decisions to senior management, client-facing personnel, as well as clients.
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.
Asset & Wealth Management, QIS Liquid Alternatives – Portfolio Management, Analyst, London employer: Goldman Sachs Bank AG
Goldman Sachs Asset & Wealth Management is an exceptional employer, offering a dynamic work environment in London where innovation and collaboration thrive. Employees benefit from a culture that prioritises integrity and diversity, alongside extensive professional development opportunities and a comprehensive suite of health and wellness programmes. With a commitment to fostering personal growth and a focus on sustainable success, joining Goldman Sachs means being part of a leading global investment firm dedicated to empowering both clients and employees alike.
StudySmarter Expert Advice🤫
We think this is how you could land Asset & Wealth Management, QIS Liquid Alternatives – Portfolio Management, Analyst, London
✨Get Involved with Campus Finance Societies
Join your university's finance or investment society — they're a goldmine for networking, guest lectures, and career fairs. These societies often host employers looking for entry-level talent like you, so get involved and make yourself known!
✨Attend Industry Workshops and Webinars
Look for workshops and webinars focused on banking and financial services. These events not only boost your knowledge but also let you connect with industry professionals who could help you land that entry-level role at places like Goldman Sachs Bank AG.
✨Leverage LinkedIn for Informational Interviews
Take advantage of LinkedIn to reach out to professionals working in banking, especially those who've started in entry-level positions. Politely ask for a quick chat about their experience and any advice they might have on breaking into the field.
✨Apply Directly through Company Websites
Don't just rely on job boards. Head directly to Goldman Sachs Bank AG's careers page and look for their entry-level openings. They might have opportunities that aren’t advertised widely, so keep checking back for new listings!
We think you need these skills to ace Asset & Wealth Management, QIS Liquid Alternatives – Portfolio Management, Analyst, London
Some tips for your application 🫡
Splash Your Skills on Your CV:In the banking and financial services realm, it's all about numbers and analysis. Make sure to highlight any relevant coursework, internships, or projects where you've used skills like financial modelling, data analysis, or risk assessment. Show us you can crunch those numbers!
Educational Achievements Matter:For an entry-level role, your grades and academic accomplishments are key. If you have any certifications, like CFA Level 1 or something similar, don’t forget to include them. We love seeing ambition and commitment to the industry, so flaunt those achievements!
Craft a Personal Touch in Your Cover Letter:Your cover letter is your chance to show us your enthusiasm for banking and finance! Share why you're passionate about the industry and how your studies or previous experiences have prepared you for this role. We want to see that spark and motivation!
Use the Right Format and Language:In banking, clarity is king. Use a clean, professional format for your CV and cover letter. Make sure to avoid jargon, but don’t shy away from technical terms where appropriate – just keep it all clear and easy to read. Let’s see your professionalism shine through!
How to prepare for a job interview at Goldman Sachs Bank AG
✨Brush Up on Your Financial Knowledge
Since you're diving into the banking and financial services industry, make sure you're up to speed with current market trends and financial concepts. Be prepared to discuss things like interest rates and investment strategies, as you might get some technical questions that gauge your understanding.
✨Show Off Your Analytical Skills
Analytical skills are key in banking, so be ready to showcase how you've used them in your studies or any relevant projects. Prepare to tackle case studies or hypothetical financial scenarios during the interview that require you to analyse data and make informed decisions.
✨Demonstrate Your Team Spirit
As this is an entry-level role, they’ll likely look for how well you can collaborate and fit into their team. Think of examples from group projects or internships where you successfully worked with others. It'll help show that you're keen to learn and grow in a team-oriented environment.
✨Prepare Thoughtful Questions
Approach your interview with curiosity! Prepare insightful questions that reflect your knowledge of the industry, such as asking about the latest technology being implemented in their services. It shows you're genuinely interested in the company's operations and future.
