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Goldman Sachs & Co. SEC4474425 - Associate in New York, New York


Associate with Goldman Sachs & Co. LLC in New York, NY.

Work Schedule: 40 hours per week (9:00 a.m. to 6:00 p.m.)


Duties: Associate with Goldman Sachs & Co. LLC in New York, NY. Multiple positions available. Develop pricing models for equity structured products, in particular products that leverage stochastic vol models and stochastic funding models, such as Auto Callables, Issuer Callables and Multi-asset barrier products. Develop risk hedging strategies for equity structured products with complex market exposure by applying financial modeling techniques. Develop an infrastructure for the implementation of hedging strategies, which is capable to backtest performance across several years, utilizing parallel computing and large scale databases. Implement processes for the calculation, storage, display and analysis of risk for the Americas Equity Derivatives business. Develop tradables (a digital representation of economic terms of a trade, used to price, risk calculate, and automatically spin off payments to be made or received from the counterparty) for new products being traded and integrate them with the pricing models and risk management processes. Perform pricing and risk sensitivity analysis of new equity structured products deals with bespoke economic terms that introduce exposure to complex market dynamics. Day-to-day support of pricing, risk systems and processes.

Job Requirements: Master’s degree (U.S. or equivalent) in Applied Mathematics, Quantitative Finance, or a related quantitative field. Master’s with one (1) year of experience in the job offered or in a related equity structured products desk strategist position. Prior experience must include one (1) year: Utilizing stochastic calculus and applying it to equity structured products, including to stochastic volatility sensitive products; Working with equity structured products traded with retail and institutional clients and the products utilized for hedging; Utilizing equity structured product models, such as Local Volatility, Stochastic Volatility, Stochastic Interest Rates, Credit and funding models to price structured notes; Utilizing understanding of the nature and risk management of the volatility dynamics relevant to and/or generated by the equity structured products market; Utilizing Monte Carlo simulations, backward induction, and other numerical methods to solve partial differential equations; Utilizing computer science skills, databases, and programming languages such as Java and MATLAB; Working with object oriented paradigms; Working with the main design patterns in Java or another object oriented language; Working with the main data types in Java or another object oriented language; Working with sorting algorithms, dynamic programming, graph algorithms, hash tables; and Utilizing foundational mathematical concepts, including continuity, differentiability, Taylor formulas, differential equations, integration, measure theory, linear algebra, discrete and continuous probabilities, Markov chains, linear regression.


The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.© The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.

Location(s)US-NY-New York

Job ID2019-57809

Schedule TypeFull Time


Function(s)Administration, Facilities & Security



Business UnitEQ Desk Strats

Employment TypeEmployee