Full-Time

Gbm – Public

Systematic ETF Trader, Associate

Posted on 2/18/2025

Goldman Sachs

Goldman Sachs

Global investment banking and asset management firm

Fintech
Social Impact
Financial Services

Compensation Overview

$150k - $225kAnnually

+ Discretionary Bonus

Junior, Mid

Company Does Not Provide H1B Sponsorship

New York, NY, USA

Category
Algorithm Development
Quantitative Trading
Quantitative Finance
Finance & Banking
Required Skills
Python
SQL
Machine Learning
Java
MATLAB
Risk Management
C/C++
Data Analysis
Financial Modeling

You match the following Goldman Sachs's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Bachelor's degree in Finance, Economics, Engineering, Computer Science, Mathematics, or a related field.
  • Proven experience (2+ years) as a quantitative trader, systematic trader, or similar role, with a strong focus on ETFs and algorithmic trading.
  • Proficiency in programming languages such as Python, C++, Java, or similar, along with experience in financial modeling, data analysis, and backtesting.
  • Strong background in statistics, econometrics, or machine learning techniques, with the ability to apply them to trading strategies.
  • Deep understanding of financial markets, especially ETFs, including structure, liquidity, and market microstructure.
  • Strong analytical and problem-solving skills with a keen ability to think critically and adapt to evolving market conditions.
  • Strong verbal and written communication skills for collaborating across teams and presenting findings to stakeholders.
Responsibilities
  • Design, develop, and implement algorithmic trading strategies that trade ETFs across global markets.
  • Utilize historical and real-time market data to identify inefficiencies and create predictive models that inform trading decisions.
  • Conduct rigorous backtesting of trading strategies to ensure robustness and optimize for risk-adjusted returns.
  • Manage and execute trades through automated systems, ensuring minimal slippage, transaction costs, and market impact.
  • Monitor and manage trading risks, including market risk, liquidity risk, and operational risk, ensuring compliance with risk guidelines and limits.
  • Track and analyze the performance of strategies, identify areas for improvement, and implement iterative changes to enhance profitability and performance.
  • Work closely with quantitative researchers, data scientists, and other traders to refine strategies and improve performance.
  • Leverage advanced tools and platforms for data analysis, strategy development, and execution (e.g., Python, SQL, MATLAB, etc.).

Goldman Sachs provides a variety of financial services, including investment banking, asset management, and securities trading. The firm offers advisory services for mergers and acquisitions, helps clients with underwriting securities, and manages assets for a diverse range of clients, including corporations, financial institutions, governments, and wealthy individuals. Revenue is earned through fees for these advisory services, trading commissions, and asset management fees. Goldman Sachs distinguishes itself from competitors by its extensive experience and commitment to social responsibility, which includes initiatives to support small businesses and promote racial equity. The company's goal is to deliver high-quality financial services while also making a positive impact on society.

Company Size

N/A

Company Stage

IPO

Total Funding

N/A

Headquarters

New York City, New York

Founded

1869

Simplify Jobs

Simplify's Take

What believers are saying

  • Goldman Sachs' investment in Float Financial captures the growing Canadian business finance market.
  • High demand for aerospace IPOs presents lucrative opportunities for Goldman Sachs.
  • Commitment to environmental projects enhances Goldman Sachs' reputation in social responsibility.

What critics are saying

  • Increased competition in AI-driven financial platforms may challenge Goldman Sachs' market share.
  • Rising digital nutritional therapy investments could divert focus from traditional financial services.
  • Strong investor interest in aerospace IPOs may divert capital from financial services.

What makes Goldman Sachs unique

  • Goldman Sachs invests in AI-driven platforms like 73 Strings for enhanced financial intelligence.
  • The firm supports urban infrastructure projects, aligning with its social responsibility goals.
  • Goldman Sachs is expanding into health-focused financial services with investments in companies like Fay.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Paid Vacation

Paid Sick Leave

Paid Holidays

Professional Development Budget

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