The different roles of strategies in Goldman’s Global Markets division

While eFinancialCareers has previously written about becoming a quant and the lifestyle of a strategist at Goldman Sachs, now we have a chart that breaks down how Goldman’s Global Markets division (referred to as sales and trading at other banks) views its spectrum of talent. strategist.

Based on the chart below, Goldman views the strategies in the Global Markets division as falling on a spectrum between coding and quantifying. Your Algo or Core Strats are responsible for programming, infrastructure, high-volume coding, and trading platforms. Data Strats, as its name suggests, analyze big data and machine learning. On the quantitative side of the spectrum, Trading Strats are busy pricing derivatives, hedging risk, modeling assets, and developing trading tools. Then there are the Sales Strats responsible for generating ideas and structuring operations. They do what is widely known as financial engineering for which the best quantitative programs like Carnegie Mellon train enthusiastic financiers. In fact, Goldman hired four of its graduates from the December 2021 class: an analyst in Hong Kong on FICC securitized structuring and then, in the New York office, a senior market risk analyst, a quantitative engineer and a Quantitative Strategist at FICC.

Source: Goldman Sachs

Goldman also gives an example of a typical day in the life of a company, one that clearly doesn’t involve properly spacing PowerPoint text boxes. This seems to be on the more quantitative end of his strategy spectrum since it involves risk management, building trading tools, and client-facing analysis. The firm appears to be boosting talent with 137 open job openings in its global markets division that include the term strat. Perhaps they are understaffed (“understaffed”) and poor powerpoint spacing is excusable.

Source: Goldman Sachs

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