Global Banking & Markets, Credit Exotic Desk Strats, Associate, London

London, Greater London, England, United Kingdom

About the role

MORE ABOUT THIS JOB

Your Impact

As a Desk Strat on the Credit desk, you will partner directly with the firm's Credit Exotics, Macro Credit, and Credit Financing (TRS) as well as IG/HY/Distressed trading desks. You will design and build pricing and risk models for bonds as well as exotic credit derivatives and total return swaps, develop scalable risk and scenario systems, and work with traders and sales to price and risk-manage client solutions across flow, structured and funded credit.

Our Impact

Quantitative strategists are at the cutting edge of our business, solving real-world problems through a variety of analytical methods. Working in close collaboration with traders and salespeople, their invaluable quantitative perspectives on complex financial and technical challenges power our business decisions.

RESPONSIBILITIES AND QUALIFICATIONS

Responsibilities

Build and maintain pricing and risk models for credit derivatives and bonds, including single-name CDS, CDS indices, index tranches, CLNs, repacks and total return swaps on bonds, loans and indices.

Develop and calibrate credit models, including hazard-rate, correlation, and volatility modelling.

Working directly with sales, structuring and traders on strategies to navigate rapidly changing market and risk conditions and contribute to structured credit transactions.

Develop robust, scalable pricing libraries and risk systems for derivatives, including trade booking, end-of-day risk, P&L explain and model validation support.

Who We Look For

An ideal candidate would have strong quantitative and technical problem solving skills, drive to investigate and learn new ideas, attention to detail and good judgement to deliver quick yet robust solutions.

Basic Qualifications

MS or PhD in a quantitative field - Applied Mathematics, Physics, Engineering, Computer Science.

Meaningful experience in coding in an object oriented programming language

Excellent written and verbal communication skills.

Ability to work in a dynamic and fast-paced environment and deliver accurate results quickly.

Ability to solve problems and to explain underlying ideal

For candidates entering at VP level relevant experience in the financial industry

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 opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.