Associate, Quantitative Engineer, Mortgage Strats, Global Banking & Markets

Company: Goldman Sachs Group, Inc.
Location: New York
Posted on: March 20, 2023

Job Description:

Associate, Quantitative Engineer, Mortgage Strats, Global Banking & Markets -"Job Details" New York, New York, United States Job Identification 106787 Job Category Associate Locations

• New York, New York, United States Posting Date 02/08/2023, 06:17PM Job Description Goldman Sachs' Strats business unit is a world leader in developing quantitative and technological techniques to solve complex business problems. Working within the firm's trading, sales, banking and investment management divisions, strats use their mathematical and scientific training to create financial products, advise clients on transactions, measure risk, and identify market opportunities. Your Impact Securities Strats play important roles in several areas. Strats aligned with trading desks are responsible for pricing and risk models to provide insight into market behavior of securities, loans, derivatives and other complex financial instruments. Strats develop mathematical models and implement analytics that assist in monitoring, analyzing and managing risk by desk traders as well as senior management. Strats are also responsible for development and maintenance of infrastructure for pricing and risk management of trade and investment positions Responsibilities
  • Development of pricing models related to mortgage backed securities, loans, and derivatives
  • Development and calibration of statistical credit and prepayment models for measuring default, prepayment and severity of mortgage and asset backed securities and loans.
  • Development and support of analytical tools and infrastructure to help trading desk with daily trading activities, valuation and risk management
  • Analyze data and develop surveillance reports to monitor collateral and deal performance
  • Help trading desk analyze trading ideas, hedging strategies, and ROE optimization Basic Qualifications:
    • Academic background in any of relevant field - (STEM - Statistics, Computer Science, Math, Financial Engineering) (Masters or Phd Preferred)
    • 1-4 -years o f front office quant/modeling experience in mortgages asset classes.
    • Meaningful experience coding in -an Object oriented programming language such as C, C++ and Python.
    • Comfortable working with Database/Statistical software such as R, SQL
    • Collaborative teamwork skills and ability to communicate to both technical and non-technical audiences verbally and in writing - 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. Learn more about our culture, benefits, and people at GS.com/careers. - We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity Salary Range
      The expected base salary for this New York, New York, United States-based position is $150000-$225000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.Benefits
      Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here . What We DoOur team is responsible for the analytics, pricing models and risk management of the US interest rate products trading business. We work in active collaboration with the trading desk on model development, quantitative risk management strategies, automated quoting methodologies, pricing trades of varying complexities, and with colleagues in engineering on developing and enhancing core analytics and infrastructure, with the shared goal of building a world-class rates market making platform. The Rates Systematic Market Making (SMM) Trading Desk sits within the Interest Rate Products (IRP) business in the Global Banking & Markets Division. The Rates SMM trading desk specializes in highly automated trading within the rates business. Where trading has traditionally been negotiated by high-touch verbal interactions, the financial services industry has undergone a rapid transition towards faster-paced, computerized trading. This style of trading is driven by the quant developers and traders who build, manage, and optimize these trading systems. Candidates joining the rates SMM trading desk will develop, maintain, and improve the various aspects of our automated trading business. All team members are expected to be hands-on with writing software, driving their ideas and projects to production. The Residential Whole Loan Trading Desk is seeking an analyst or associate to contribute to the continued growth and success of the residential loan trading business within GBM. The residential loan trading desk purchases & aggregates residential whole loans with the intent of selling/reconstituting those loans via Securitization (MBS) or Whole Loan Sale. Candidates should be expected to eventually synthesize and understand credit and interest rate risk associated with residential loans. In addition, candidates will interface with various clients as well as GS personnel touching different areas of the residential loan ecosystem. At Goldman Sachs, we connect people, capital and ideas to help solve problems for our clients. We are a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. For us, it's all about bringing together people who are curious, collaborative and have the drive to make things possible for our clients and communities.

Keywords: Goldman Sachs Group, Inc., New York , Associate, Quantitative Engineer, Mortgage Strats, Global Banking & Markets, Accounting, Auditing , New York, New York