Duties: Associate-Intermediate-Finance/VP with Goldman, Sachs & Co. in New York, NY. Manage a team to provide financial services and quantitative, derivative and/or model-based solutions to insurance companies, banks, asset managers and other financial institutions, with a focus on return optimization and risk management. Generate innovative structured solutions and strategic recommendations (for asset liability management, market risk management, balance sheet optimization and strategic sale / acquisition) for financial institutions, to optimize their return / risk profile. Develop tools and analysis for valuation and detailed due diligence in merger, sale or IPO analyses. Advise mid-size and regional bank clients on stress test / CCAR modeling (loan level credit risk and pre-provision net revenue) and assist with best practices for model risk management.
Advise insurance companies on cashflow modeling of various insurance products (such as variable annuities), as well as estimating Greeks to key market parameters. Advise insurance companies on best industry practices for designing and calibrating stochastic risk management models. Advise on complex derivative structures including equity, rates, FX, credit and hybrid structures and present such advice in internal meetings and meetings with clients.
Work Schedule: 40 hours per week (9:00 a.m. to 6:00 p.m.)
Job Requirements: Masters OR Bachelor’s degree (U.S. or equivalent) in Mathematics, Engineering or a related quantitative field. Two (2) years of experience with Masters OR five (5) years of experience with Bachelors in the job offered or in a related quantitative finance position. Prior work experience must include: Structuring across multiple asset classes such as Equity, Rates and FX especially focused on financial institution clients such as banks and insurance companies; applying knowledge of mathematical optimization techniques, probability theory and stochastic calculus to develop and analyze insurance products’ valuation framework and risk management strategies; understanding of loan level credit risk modeling (of commercial and consumer loans) and pre-provision net revenue modeling; understanding of complex financial engineering concepts such as derivative valuation and econometrics analysis; structuring and pricing derivatives to manage balance sheet risk; supervising, guiding and coordinating junior professionals’ work product, including reviewing financial modeling and presentations prepared for live deals, corporate board meetings, investment banking pitches and client service projects; and utilizing computer languages such as C++. FINRA Series 79 and Series 63 and travel required.
QUALIFIED APPLICANTS: Apply at: https://careers.gs.com. Under ‘Experienced Professionals,’ click on ‘Apply Now.’ If New User, Click on ‘Register Now’. Upon completion, an email with a link will be sent to you. Click or paste link into browser and log-in. On Welcome screen, enter job code into “Keywords:” field and click on “Search”. Click on the job from the results to apply. Complete application tabs, then click ‘Submit’. If already registered, log-in and follow above instructions to submit an application. NO PHONE CALLS PLEASE.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet. © The Goldman Sachs Group, Inc., 2015. All rights reserved.
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