Securities - PIPG Desk Strats - Analyst - London

Job description

Job Summary & Responsibilities

Application Opening Date: 23 January 2017
Application Closing Date: 19 February 2017
Location: London
Salary: Competitive
Full time

YOUR IMPACT

The Private Investor Products Group (PIPG) focus on the pricing, distribution, origination and trading of securitized derivative products across the major asset classes. Its client base is made up of private banks, retail banks, online brokers and other distributors that provide structured solutions to high net worth or retail investors.

PIPG Desk Strats are responsible for the automation of the PIPG business, from design of pricing models and market making strategies through to development of large-scale algorithmic pricing, external distribution and trading platforms. The Strat role is unique to Goldman Sachs, with PIPG Strats operating at the intersection of modeling, software development and trading in a front-office environment.

OUR IMPACT

Our core value is building strong relationships with our institutional clients, which include corporations, financial service providers, and fund managers. We help them buy and sell financial products on exchanges around the world, raise funding, and manage risk. This is a dynamic, entrepreneurial team with a passion for the markets, with individuals who thrive in fast-paced, changing environments and are energized by a bustling trading floor.

Securities Strats play important roles in several areas. Some Strats sit on trading desks, creating cutting-edge derivative pricing models and developing empirical models to provide insight into market behaviour. Others develop automated trading algorithms for the firm and its clients, taking an active part in the increasing shift from voice to electronic trading. A third group works directly with the firm’s sales force and clients, analysing exposures, structuring transactions, and applying quantitative concepts to meet client needs. Between these teams, Core Strats design and develop complex parallel computing architectures, electronic trading tools, and advanced algorithms.

HOW YOU WILL FULFIL YOUR POTENTIAL

- Automate the pricing, distribution and execution of structured products in real-time distributed systems used for low latency and high volume processing.
- Design, develop and support highly reliable components across a range of technologies in a structured, disciplined and fast-moving environment.
- Maintain a strong understanding of structured products, including payoff terms, pricing models, risk measures, PnL reporting and hedging considerations.
- Pro-actively automate manual workflows and improve existing processes with particular focus on web distribution, business metrics and automated testing.
- Interact with the trading, sales, structuring, technology and operations teams as part of project and support responsibilities.

SKILLS AND EXPERIENCES WE ARE LOOKING FOR

- Strong academic record with minimum Masters in Mathematics, Engineering, Science or a related quantitative discipline required
- Must have prior software development experience gained from working in the Financial Services or Investment Banking Sector
- Knowledge of Financial Markets and Quantitative Finance essential, with focus on Regulatory Risk requirements required
- Must have strong programming skills in  SQL, Java, C++, Python, MATLAB, VBA and R
- Familiarity with derivatives required
- Previous experience of developing finance related models required
- Must have the ability to solve complex problems and to explain the ideas that underlie the solution to non-technical clients and colleagues
- Excellent written and verbal communication skills required
- Must be a strong team player

Goldman Sachs is an equal opportunity employer. © The Goldman Sachs Group Inc., 2017. All rights reserved.