MORE ABOUT THIS JOB Vice President with Goldman Sachs & Co. LLC in New York, NY.
Work Schedule: 40 hours per week (9:00 a.m. to 6:00 p.m.)
RESPONSIBILITIES AND QUALIFICATIONS Duties: Vice President with Goldman Sachs & Co. LLC in New York, NY. Multiple positions available. Design and manage multi asset class portfolios for various institutional investors across the world. Model various asset classes and perform portfolio optimization for long-term investment horizons. Research, design and build tools for managing glide paths for managing target date funds and Defined Contribution separate accounts. Provide customized strategic asset allocation advice for institutional clients. Design customized managed account strategies using stochastic optimization. Analyze economic data using statistical methods such as statistical filters, principal component analysis, and regression analysis to extract tactical signals and improve asset models. Develop external and internal tools for asset allocation and risk management.
Job Requirements: Ph.D. (US or foreign equivalent) in Physics, Mathematics, Electrical Engineering, Computer Science or a related quantitative field. Four (4) years of experience in the job offered or a related quantitative role. Must have four (4) years of experience applying the following quantitative techniques in scientific or investment research: software development for a large scale, multi-disciplinary project; Object-oriented environment (C++/# or equivalent); Linear algebra; Statistics or signal processing or estimation theory; and Optimization. Must have three (3) years of experience: applying dynamic programming and reverse induction techniques; building models in financial markets, including pricing models for exotic derivatives, simulations of economic scenarios and design of risk factor models; performing quantitative risk management analysis, such as stress scenario analysis, derivative Greek calculations and hedge efficiency analysis, analysis of impact of non-normal distributions on correlation hedges; working with Monte Carlo simulations, scenario analyses and back testing in financial markets; and numerical analysis and parallelization techniques for solving large scale computational challenges. Must have two (2) years of experience working in (macro) equity markets to conduct research in tactical asset allocation. Must have Series 7 and 63 licenses.
ABOUT GOLDMAN SACHS The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.