At a Glance
- Tasks: Design and implement quantitative models for asset liability management and risk assessment.
- Company: Join Goldman Sachs, a leading global investment banking firm with a commitment to diversity.
- Benefits: Enjoy competitive salary, wellness programs, and professional development opportunities.
- Other info: Collaborative environment with excellent career growth and learning opportunities.
- Why this job: Make a real impact in finance while working with cutting-edge quantitative tools.
- Qualifications: Strong background in quantitative fields and programming skills in Python, C++, or Java.
The predicted salary is between 99000 - 121000 £ per year.
About Corporate Treasury
Corporate Treasury manages the firm’s liquidity, funding, balance sheet and capital to maximize net interest income and return on equity through liability planning and execution, financial resource allocation, asset liability management, and liquidity portfolio management. The division is run by the Global Treasurer and works closely with the CFO, each of the firm’s businesses, Controllers, Operations, and Investor Relations among other groups at the firm. The division is ideal for collaborative individuals with strong quantitative analysis skills, interest in portfolio and liquidity management and risk management mind set.
Job Responsibilities
- Design, implement, and maintain quantitative models, tools, and frameworks for Asset Liability Management (ALM) including Net Interest Margin (NIM) forecasting, Earnings-at-Risk (EaR), and funding cost projections to optimize resources.
- Develop stress and scenario analysis frameworks across portfolios, products, and legal entities to assess performance under a range of market scenarios identifying and quantifying key risk exposures, concentration risks, convexity effects, and potential vulnerabilities.
- Develop and enhance behavioural models for deposits and other channels, such as non-maturity deposit modelling, deposit beta estimation, repricing lags, and volume flow projections under different macro scenarios and interest rate environments.
- Establish rigorous backtesting, model performance monitoring, and data quality frameworks to continuously evaluate model accuracy, identify potential drift, and refine behavioural and forecasting assumptions.
- Develop and uplift models to reflect evolving business needs, maintain model documentation and implementation, and support regulatory inquiries and second-line model validation.
- Deliver clear presentations and explanations related to balance sheet management for discussion with senior managers, committees, and key stakeholders.
Qualifications
- Excellent academic background in a quantitative field such as mathematics, physics, statistics, economics, engineering, or computer science, with a preference for Masters and PhDs.
- Strong programming skills in an object-oriented or functional paradigm such as Python, C++, or Java.
- Proven experience in a quantitative finance role, with a strong focus on ALM, funding modelling, behavioural modelling, or balance sheet management.
- Solid understanding of fixed income instruments, interest rate derivatives, curve construction methodologies, pricing/hedging strategies and their application to balance sheet risk management.
- Deep understanding of statistical and econometric modelling techniques (e.g., regression analysis, time-series forecasting, survival analysis) applied to financial products. Experience using AI-based tools in development is a plus.
- Excellent written, verbal, and team-oriented communication skills, with the ability to explain complex quantitative concepts to non-technical stakeholders.
- A self-starter with the ability to work independently as well as thrive in a collaborative, global team environment.
About Goldman Sachs
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.
We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.
The Core Engineering- Quantitative Engineer - Vice President - London employer: Goldman Sachs
Goldman Sachs is an exceptional employer, offering a dynamic work culture that fosters innovation and collaboration within the Digital Engineering team. Employees benefit from extensive growth opportunities, mentorship programs, and the chance to work on cutting-edge UI products in a fast-paced global environment, all while contributing to a resilient cloud-based platform that serves corporate clients.
StudySmarter Expert Advice🤫
We think this is how you could land The Core Engineering- Quantitative Engineer - Vice President - London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Goldman Sachs. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace The Core Engineering- Quantitative Engineer - Vice President - London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Goldman Sachs.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Goldman Sachs's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Goldman Sachs
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Goldman Sachs.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Goldman Sachs will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Goldman Sachs employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
