Securities, Equities, PIPG Desk Strats, Analyst/Associate, Bengaluru

IN-Bengaluru
Job ID
2017-40557
Schedule Type
Full Time
Level
Analyst
Function(s)
Quant/Strats
India
Division
Securities
EQ Desk Strats
Employment Type
Employee

MORE ABOUT THIS JOB

Job Summary & Responsibilities

 

GOLDMAN SACHS FIRM OVERVIEW

 

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 high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centres around the world.

 

DIVISIONAL OVERVIEW

 

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.

 

Roles within Securities Strats

 

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 behavior. 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, analyzing 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.

 

THE ROLE

  • 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.

 

Responsibilities

 

  • 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.
  • Exposure to data driven automation techniques like impact analysis, parametrization and back testing.

RESPONSIBILITIES AND QUALIFICATIONS

Basic Qualifications

  • Quantitative, computer science or engineering academic background.
  • At least 4 years of professional software engineering experience.
  • Strong programming skills in an OO or functional paradigm (Java/C++/Python/Scala/Haskell).
  • Exposure to Databases and SQL
  • 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

 

Preferred Qualifications

  • Familiarity with and strong interest in structured products and derivatives pricing.
  • Distributed systems architecture.
  • Low latency or real-time software development.
  • Statistical analysis of computational or business data.

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.


© The Goldman Sachs Group, Inc., 2017. All rights reserved
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.

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