Strats Division, Full Time (PhD/Masters/Bachelors) Analyst/Associate, London
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.
Roles within Investment Banking Strats
Investment Banking Strats collaborate with marketers and bankers in Investment Banking and the Financing Group to create quantitative strategies and analyses that lead to value-added transactions with clients. In the course of business, Investment Banking Strats use models to simulate and evaluate financial statements, funding, structuring and hedging strategies and risk management alternatives. Investment Banking Strats possess both general and specialized skill sets, developing expertise across products, markets, industries and strategic transactions.
Roles within Investment Management Strats
Investment Management Strats work in Asset Management and Wealth Management. Investment Management Strats collaborate with Portfolio Managers and Traders to analyze portfolios, create investment algorithms, and build pricing models and risk management tools for derivatives and complex cash securities traded across the firm’s fund complex. They may also work with clients – both private and institutional – to understand and analyze client investment needs, portfolios (including those employing external managers) and investment strategies to meet specific needs. The work involves developing a thorough understanding of the full range of investment products and strategies offered by the firm, an ability to capture the characteristics of those investments in mathematical models and the creation of infrastructure to make those analyses reusable and scalable across our businesses.
Successful members of our team hold Bachelors, Masters and Doctoral degrees in Physics, Engineering, Mathematics, Computer Science and many other fields.
Although the work performed by Strats is financial in nature, applicants need not have specific financial knowledge or experience to apply. As a business unit, we are interested in bright individuals who have advanced mathematical and computational backgrounds and a willingness to learn about finance.
We are interested in applicants who possess skills in several of the following areas:
• Mathematics: Understanding of partial differential equations, stochastic calculus, time series analysis, statistics and numerical techniques.
• Technology: Experience building large-scale distributed systems, implementing fundamental algorithms and working in different programming languages.
• Finance: Understanding of market dynamics and conventions, and of different products’ behaviors and specifications.
Goldman Sachs is an equal opportunities employer and is committed to the principle of diversity. Goldman Sachs conducts background checks on individuals offered employment with the firm and employment with Goldman Sachs is conditional upon individuals successfully completing those checks. As past of the background check process, Goldman Sachs may need to obtain a record of disclosable criminal convictions form a government agency such as the Criminal Records Bureau. The firm has adopted policies on the recruitment of ex-offenders and on the retention, storage and disposal of criminal information which are available on request.
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