Asset & Wealth Management, QIS Liquid Alternatives – Systematic Volatility - Por
Goldman Sachs Group, Inc., New York, NY, United States
Asset & Wealth Management
A career with Goldman Sachs Asset & Wealth Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world’s leading asset managers with over $3 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions, and building meaningful relationships with your clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset & Wealth Management provides clients around the world with a dedicated partnership and focus on long‑term performance. As a primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals.
Role Summary
The
Quantitative Investment Strategies (QIS)
group within Asset & Wealth Management is responsible for managing client assets, and is a market leader in quantitative portfolio management. We use advanced quantitative methods to structure, manage, and monitor investment portfolios including Exchange‑Traded Funds (ETFs), mutual funds, and separately managed accounts. The role
focuses on Systematic Volatility investing within our QIS Liquid Alternatives group
and will contribute to the
innovation and future growth of our volatility investing franchise
with a particular focus on Defined Outcome and other derivatives‑based structures in an ETF wrapper.
Responsibilities
Serve as portfolio manager for the
systematic volatility vertical
within the QIS Liquid Alternatives group. This includes strategy formulation and implementation, performance monitoring and day‑to‑day optimizations
Monitor systematic volatility premia models on an ongoing basis to ensure expected return delivery within expected risk parameters
Review and sign off trades generated by the team’s systematic investment models
Identify investment theses and systematic investment opportunities. Situate investment processes within universes of factor premia, macroeconomic drivers as well as industry trends
Ensure that the portfolios and associated materials are compliant with the relevant regulatory, governance, and risk processes
Assist client‑facing personnel when addressing client requests requiring quantitative analysis as well as when directly engaging with clients in in‑depth discussions about volatility‑based portfolios
Perform
portfolio research and portfolio construction for liquid, derivatives‑based portfolios.
Conduct quantitative research on systematic volatility strategies
Contribute to the development, enhancement, and maintenance of the research and portfolio management platform, encompassing strategy backtesting, performance monitoring, and risk analysis, in close collaboration with Engineering teams
Continuously evaluate the effectiveness of existing modeling approaches and seek to expand the modeling and product offering
Manipulate structured and unstructured large datasets to extract quantitatively based insights for systematic volatility strategies
Assess the feasibility of systematic investment strategies regarding trading and implementation, incorporating liquidity and trading cost considerations
Required Qualifications
Degree (Undergraduate/Masters/PhD) in quantitative discipline required
Minimum of 5 years of experience as a Portfolio Manager, or in a comparable role, with demonstrated expertise in developing and maintaining quantitative portfolio solutions
Excellent Python programming skills and experience with other programming languages (e.g. C# or other languages)
Strong proven track record to work with datasets of various complexity
Knowledge of options pricing theory (classic and modern pricing methods, portfolio replication and stochastic calculus) and options derivatives analysis
Strong familiarity with advanced statistics, linear algebra, asset pricing models, and optimization techniques
Trading and implementation experience with cross‑asset volatility strategies, including European and American style options, as well as experience in Transaction Cost Analysis (TCA) across multi‑asset portfolios
Experience in managing and developing investment vehicles – ETFs in particular – in accordance with the prevailing regulatory environment, including the 1940 Investment Company Act and the framework for Undertakings for Collective Investment in Transferable Securities (UCITS)
Ability to synthesize and present research analysis, recommendations, and implications of investment decisions to senior management, client‑facing personnel, as well as clients
Motivation to take on ownership in and accountability for the growth and innovation of the QIS Liquid Alternatives franchise
Salary Range
The expected base salary for this New York, New York, United States‑based position is $125,000–$290,000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year‑end.
Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non‑temporary, full‑time and part‑time US employees who work at least 20 hours per week, can be found here.
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A career with Goldman Sachs Asset & Wealth Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world’s leading asset managers with over $3 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions, and building meaningful relationships with your clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset & Wealth Management provides clients around the world with a dedicated partnership and focus on long‑term performance. As a primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals.
Role Summary
The
Quantitative Investment Strategies (QIS)
group within Asset & Wealth Management is responsible for managing client assets, and is a market leader in quantitative portfolio management. We use advanced quantitative methods to structure, manage, and monitor investment portfolios including Exchange‑Traded Funds (ETFs), mutual funds, and separately managed accounts. The role
focuses on Systematic Volatility investing within our QIS Liquid Alternatives group
and will contribute to the
innovation and future growth of our volatility investing franchise
with a particular focus on Defined Outcome and other derivatives‑based structures in an ETF wrapper.
Responsibilities
Serve as portfolio manager for the
systematic volatility vertical
within the QIS Liquid Alternatives group. This includes strategy formulation and implementation, performance monitoring and day‑to‑day optimizations
Monitor systematic volatility premia models on an ongoing basis to ensure expected return delivery within expected risk parameters
Review and sign off trades generated by the team’s systematic investment models
Identify investment theses and systematic investment opportunities. Situate investment processes within universes of factor premia, macroeconomic drivers as well as industry trends
Ensure that the portfolios and associated materials are compliant with the relevant regulatory, governance, and risk processes
Assist client‑facing personnel when addressing client requests requiring quantitative analysis as well as when directly engaging with clients in in‑depth discussions about volatility‑based portfolios
Perform
portfolio research and portfolio construction for liquid, derivatives‑based portfolios.
Conduct quantitative research on systematic volatility strategies
Contribute to the development, enhancement, and maintenance of the research and portfolio management platform, encompassing strategy backtesting, performance monitoring, and risk analysis, in close collaboration with Engineering teams
Continuously evaluate the effectiveness of existing modeling approaches and seek to expand the modeling and product offering
Manipulate structured and unstructured large datasets to extract quantitatively based insights for systematic volatility strategies
Assess the feasibility of systematic investment strategies regarding trading and implementation, incorporating liquidity and trading cost considerations
Required Qualifications
Degree (Undergraduate/Masters/PhD) in quantitative discipline required
Minimum of 5 years of experience as a Portfolio Manager, or in a comparable role, with demonstrated expertise in developing and maintaining quantitative portfolio solutions
Excellent Python programming skills and experience with other programming languages (e.g. C# or other languages)
Strong proven track record to work with datasets of various complexity
Knowledge of options pricing theory (classic and modern pricing methods, portfolio replication and stochastic calculus) and options derivatives analysis
Strong familiarity with advanced statistics, linear algebra, asset pricing models, and optimization techniques
Trading and implementation experience with cross‑asset volatility strategies, including European and American style options, as well as experience in Transaction Cost Analysis (TCA) across multi‑asset portfolios
Experience in managing and developing investment vehicles – ETFs in particular – in accordance with the prevailing regulatory environment, including the 1940 Investment Company Act and the framework for Undertakings for Collective Investment in Transferable Securities (UCITS)
Ability to synthesize and present research analysis, recommendations, and implications of investment decisions to senior management, client‑facing personnel, as well as clients
Motivation to take on ownership in and accountability for the growth and innovation of the QIS Liquid Alternatives franchise
Salary Range
The expected base salary for this New York, New York, United States‑based position is $125,000–$290,000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year‑end.
Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non‑temporary, full‑time and part‑time US employees who work at least 20 hours per week, can be found here.
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