Goldman Sachs Asset Management’s Quantitative Equity Solutions team is a fast growing group which oversees more than $350BN across over 90,000 customized equity portfolios, Exchange Funds, Mutual Funds and ETFs.  The Quantitative Equity Solutions group delivers investment solutions to High Net Worth, Institutional and Retail clients in order to address investor needs and goals including: tax management, risk management, value alignment, yield enhancement, customization, etc.

 

As a focal point for one of the division’s key priority initiatives, the team operates in an entrepreneurial environment but with the resources of a large organization.  A core focus for the team is managing cutting-edge investment strategies and innovating new investment capabilities that can transform the asset management industry. We design and employ highly-scalable portfolio management systems to create equity-based strategies to meet client investors needs. Current investment solutions range from tax managed offerings, single stock diversification, income based strategies, factor based investing, values alignment and environmentally oriented portfolios - with more strategies under development.  

 

The Portfolio Management team is responsible for the investment strategies implemented within Quantitative Equity Solutions’ customized equity portfolios and Mutual Funds.  Responsibilities include investment strategy development, portfolio construction and performance monitoring.  Portfolio managers works closely with client portfolios managers, engineers, operations, controllers, compliance, and product managers. Responsibilities also include collaborating on new investment strategies and digital tools we are developing. Our team is energized by leveraging technology to create scale and customization across our entire business and deliver an excellent client experience with industry leading investment solutions and performance. Our team operates in a fast-paced environment that welcomes individuals who have a background and demonstrated interest in portfolio management, investment research and client collaboration.  The Associate (Option PM) role within the Portfolio Management team will specifically work with senior portfolio managers to focus on equity options portfolio management.

 

Responsibilities: 

• Manage equity option portfolios in separately managed accounts (SMAs) on a daily basis and rebalance to adhere to their respective mandates
• Work with trading team to execute various classes of equity derivative linked transactions through multiple venues
• Analyze portfolio risks at the business and client levels using various quantitative techniques such as Risk and PnL attribution and Greek based portfolio analysis (Delta/Gamma/Theta/Vega)
• Monitor and enhance existing option strategies and design new strategies leveraging statistical techniques in research projects
• Work with engineering teams to refine and integrate option research ideas into production portfolio management systems, including detailed technical design specifications and testing
• Collaborate with client portfolio managers to incorporate investor needs in investment strategy design, joining meetings with financial advisors and end clients as appropriate

 

Qualifications:

• 2+ years of professional experience with equity option strategies, preferably with trading experience and exposure to equity vol products
• Undergraduate and/or graduate degree in mathematics, computer science, financial engineering, or other STEM-related background
• Computer programming experience (e.g., Matlab, Python, R, Java, C / C++)
• Creative, diverse problem-solving skills, solid economic intuition, good commercial instinct and interest in equity derivatives markets
• Exceptional attention to detail, careful/thorough, well organized, effective time management
• Thrive in a team-oriented and collaborative environment and brings a great attitude to work
• Excellent communication skills