Associate, Trading

Company:  Goldman Sachs
Location: New York
Closing Date: 29/10/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description

Job Duties: Associate, Trading with Goldman Sachs & Co. LLC in New York, New York. Make markets in mortgage securities which includes setting prices, providing clients liquidity in commercial real estate-backed securitizations (and related derivates thereof), and facilitating two-way client flow while risk managing exposures for the Firm. Develop empirical models to complement statistical analysis of index-based products, that will be utilized to recommend investment strategies internally and to clients. Construct technical analysis for trade ideas related to commercial real estate products and macro credit and rates products. Work directly with internal salespeople to analyze exposure, structure transactions, and explain quantitative concepts to clients. Perform fundamental credit analysis of commercial real estate related assets/products, including Commercial Real Estate loans, loan securitizations and derivatives thereof. Work directly with the Firm’s desk-strategists and Engineering teams to develop solutions for risk analysis and enhance existing infrastructure for changing trends within the market.Job Requirements: Bachelor’s degree (U.S. or foreign equivalent) in Business Administration, Finance, Mathematics, or related field and two (2) years of experience in the job offered or in a related role. Prior experience must include two (2) years in the following: working with pro-forma cash flow model for a single commercial real estate loan or asset (includes portfolios of related assets); reviewing and analyzing sub-market (“MSA”) level trends for occupancy, rent and expense, capitalization rates, and sale comps; performing regression data analytics on historical trading data, specifically related to the CMBS (Commercial Mortgage-Backed Securities) Index called “CMBX”; communicating effectively and efficiently verbally and in writing with a wide range of stakeholders on risk issues, as well as externally in response to customer inquiries; and working with a broad range of fixed income products including interest rate swaps, credit derivatives (including credit default swaps (“CDS”), credit default swap indices, and total return swaps (“TRS”)), exchange-traded funds (“ETF”) and derivates thereof. Travel Required: 5% of time domestic trips for customer visits.Job Code: 7423480Salary Range: Annual base salary for this New York, New York -based position is $156,000 - $225,000.Minimum Salary: 156,000 Maximum Salary: 225,000 Salary Unit: Yearly

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