Securities, Execution Solutions - GSET EMEA, Associate, London

Recruiter
Goldman Sachs International
Location
London
Salary
Competitive
Posted
13 Jan 2019
Closes
10 Feb 2019
Sectors
Accountancy
Contract Type
Permanent
Hours
Full Time
MORE ABOUT THIS JOB SECURITIES
Our core value is building strong relationships with our institutional clients, which include corporations, financial service providers, and fund managers. We help them buy and sell financial products on exchanges around the world, raise funding, and manage risk. This is a dynamic, entrepreneurial team with a passion for the markets, with individuals who thrive in fast-paced, changing environments and are energized by a bustling trading floor.

RESPONSIBILITIES AND QUALIFICATIONS
RESPONSIBILITIES AND QUALIFICATIONS
Execution Solutions is responsible for
  • Delivery of customized algo solutions to our key clients
  • Periodic content & thought leadership
  • TCA - metrics and benchmark definition
  • Assisting with product development and marketing efforts.

The team functions as second level coverage for clients who prefer interaction at a technical level. The candidate will initially be involved in expanding our analytics and TCA capabilities while supporting the team with existing clients. Over time, the candidate will be expected to take the necessary regulatory exams and help expand the team's client coverage.

THE ROLE
Execution Solutions takes a quantitative approach to providing solutions to our clients. Our solutions and recommendations are driven by data and backed by rigorous analysis. The team works in close collaboration with our clients to develop, test and validate solutions. This is a continuous process to optimize existing solutions to changing markets, market microstructure, flow profiles, client objectives and benchmarks.
  • Subject Matter Expert on execution algos and regional market microstructure, ultimately responsible to deliver solutions that are consistently ranked in Top 3.
  • Commercially adept, can deeply engage clients on solutions and express product concepts orally and visually to varying levels of user sophistication.
  • Ability to decompose client problems into key questions and user stories, then convert this context and scope into requirements for scalable solutions.
  • Ability to tell a clear and concise story with data that delivers the message

A utomation and Data analysis

Develop automation tools to monitor and identify performance anomalies
  • Use rigorous quantitative techniques to quantify impact of changes to market microstructure / flow profile / execution algos
  • Work in close collaboration with Execution Research, Algo Development, and Product Management to develop appropriate metrics that assist with product marketing.

TCA and custom reports

  • Continuous enhancement of our self-service and custom TCA reports. This includes developing relevant metrics and benchmarks to measure specific scenarios and events


Basic Qualifications
  • 2 to 4 years of experience with equity Algos / PT.
  • Proven experience working with large datasets preferably in python
  • Strong quantitative background in statistics and data analysis
  • Understanding of equities cash markets and trading systems.
  • Effective interpersonal and communication skills in both written and verbal mediums.
  • Sense of ownership of their platform and ability to work with in a global team
  • Experience of dealing with prioritisation across multiple teams

Preferred Qualifications
  • Experience working with Q/KDB
  • Experience building distributed systems in Java/ Python
  • Experience with data visualization techniques and tools
  • Good understanding of EMEA market structure / microstructure

LIKELY CANDIDATE BACKGROUNDS

Candidates could come from an existing execution consulting role, algo quant/developer role or from an electronic sales trading background.

Those candidates who are in an electronic sales trading role tend to be more technically minded and may feel they want to get away from the day to day support of clients and into a role where they can have more of a direct impact on how the algorithms are built and enhanced.

Those in a current technical role may feel they no longer wish to continue developing / programming and move to something that is more client facing but still very technical in nature. Execution Solutions sits in between sales trading, product management and the quant/dev teams. It can fulfil the needs of those who want to remain in the technical role whilst engaging with clients to continually improve the solutions we provide.

ABOUT GOLDMAN SACHS 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.

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