60 Wealth Management-New York-Analyst-Quantitative Engineering Jobs in New York, NY
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Wealth Management-New York-Analyst-Quantitative Engineering
$72k-106k (estimate)
Full Time | Banking
1 Week Ago
Goldman Sachs is Hiring a Wealth Management-New York-Analyst-Quantitative Engineering Near New York, NY
Job DescriptionAsset & Wealth Management – Analyst Quantitative Strategist in PWM Private Bank and RiskOur quantitative strategists are at the cutting edge of our business and solve real-world problems through a variety of analytical methods. As a member of our team, you will utilize your training in mathematics, programming, and logical thinking to build quantitative models that drive success in our business. Your problem-solving talents and aptitude for innovation will help define your contributions and enable you to find solutions to a broad range of problems, in a dynamic, fast-paced environment.
ResponsibilitiesAs a strategist on our Private Bank and Risk Strats team, you will work closely with the Goldman Sachs Private Bank, our global deposits and lending business serving ultra-high-net-worth clients. Your quantitative and software skills will be essential in developing new analytics, tools and models to help the Private Bank manage risk and optimize profitability.
Areas and examples for how Private Bank Strats contribute to the success of the Private Bank include:
Basic Qualifications
ResponsibilitiesAs a strategist on our Private Bank and Risk Strats team, you will work closely with the Goldman Sachs Private Bank, our global deposits and lending business serving ultra-high-net-worth clients. Your quantitative and software skills will be essential in developing new analytics, tools and models to help the Private Bank manage risk and optimize profitability.
Areas and examples for how Private Bank Strats contribute to the success of the Private Bank include:
- Product pricing: Streamline and improve how lenders set rates across its portfolio of products, using financial return-on-equity models
- Funding optimization: Design quantitative models to help understand and realize the value of the bank’s non-maturity deposits business for internal funding
- Risk Management: Develop quantitative models and tools to manage the private bank’s risk, such as developing a rate-sensitive prepayment model to improve hedging of the bank’s mortgage portfolio, and develop tools for counterparty credit risk management.
- Scenario analysis: Build models to project the impact of various stress scenarios on the balance sheet and protect the bank by informing the firm’s capital adequacy under stress
Basic Qualifications
- Bachelor or Masters, in a quantitative or engineering field, e.g. mathematics, physics, quantitative finance, computational finance, computer science, engineering
- 1-3 years of experience in the job offered or related quantitative and software development position.
- Creativity, problem-solving skills, and ability to communicate complex ideas to a variety of audiences
- A self-starter, should have ability to work independently as well as thrive in a team environment
- Previous work experience in: Utilizing statistical methods, including time-series and regression analysis; programming in object-oriented languages for efficient model implementations; manipulating data sets using relational databases and SQL
- Previous work experience in: Developing bank loan and deposit pricing models and tools/models for risk management.
Job Summary
JOB TYPE
Full Time
INDUSTRY
Banking
SALARY
$72k-106k (estimate)
POST DATE
06/19/2024
EXPIRATION DATE
07/25/2024
WEBSITE
goldmansachs.com
HEADQUARTERS
CHICAGO, IL
SIZE
>50,000
FOUNDED
1869
CEO
JOHN COBLENTZ
REVENUE
>$50B
INDUSTRY
Banking
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