GLOBAL BANKING & MARKETS — Systematic Credit Trading Strats
Our Team
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.
Job Summary
Candidates joining the Systematic Credit Strats team are engaged in market making and its related functions in US Credit. Team members combine their mathematical, programming and market expertise to build and generate systematic strategies.
The desk looks for individuals with strong communication, both written and verbal, strong mathematical skillsets, programming experience, and who are motivated to get hands on experience with systematic trading.
This role is specifically focused on the desk’s FICC ETF trading business – both the primary and secondary market making side of the business.
Key Responsibilities
- Pricing & Analytics
- Enhance models and tools for ETF fair-value, spread analytics, and execution quality.
- Support systematic quoting frameworks and real-time risk monitoring.
- Risk Management
- Build tools to assist in managing desk exposures.
- Design and improve hedging workflows using appropriate FICC instruments consistent with desk strategy and risk limits.
- Technology & Automation
- Write efficient, well-tested code to support pricing, risk, and workflow automation.
- Partner with Technology to productionize tools and improve system robustness.
Required Qualifications
- Programming experience in Python, Java, C++ (or similar); ability to write clean, testable code.
- Bachelor’s or Master’s degree in a STEM discipline (or equivalent quantitative experience).
- Strong written and verbal communication skills; ability to explain technical topics clearly.
- Demonstrated interest in markets, trading, and systematic decision-making.
Preferred Qualifications
- Prior experience with FICC ETFs (e.g., rates, credit, mortgages, muni, inflation, EM debt ETFs) or ETFs in general, including trading, market making, portfolio trading, or ETF analytics.
- Understanding of ETF mechanics such as secondary-market trading vs. creation/redemption and how underlying liquidity impacts ETF pricing.
- Experience with fixed income products, including hedging instruments (futures/swaps) and market microstructure.
What Success Looks Like
- You improve model accuracy and tooling that enhances quoting consistency and risk transparency.
- You help the desk manage exposures effectively during fast markets.
- You deliver reliable code and analytics that scale across products and workflows.
Salary Range
The expected base salary for this New York, New York, United States-based position is $150000-$300000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.
Skills Required
- Programming experience in Python, Java, C++
- Ability to write efficient, clean, well-tested code
- Bachelor's or Master's degree in a STEM discipline or equivalent quantitative experience
- Strong mathematical/quantitative skills
- Strong written and verbal communication skills; ability to explain technical topics clearly
- Demonstrated interest in markets, trading, and systematic decision-making
- Prior experience with FICC ETFs or ETFs in general (trading, market making, portfolio trading, or ETF analytics)
- Understanding of ETF mechanics such as creation/redemption vs secondary-market trading and underlying liquidity impacts
- Experience with fixed income products and hedging instruments (futures, swaps) and market microstructure
Goldman Sachs Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Goldman Sachs and has not been reviewed or approved by Goldman Sachs.
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Healthcare Strength — Coverage includes medical, dental, vision, disability, life and accident insurance, with multiple plan options and most premiums subsidized; coverage often starts on day one. Wellness resources, on-site health centers in some locations, and EAP access reinforce the depth of health support.
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Parental & Family Support — Family care includes on-site childcare in some offices, expectant parent resources, and transitional programs for returning parents. Feedback suggests parental leave is very generous, with reports of around 20 weeks paid leave and stipends for adoption, surrogacy, and fertility-related services.
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Retirement Support — The firm provides a 401(k) plan with employer matching contributions and broad financial education to help employees plan for retirement. Resources also support saving for education and preparing for unexpected events.
Goldman Sachs Insights
What We Do
At Goldman Sachs, we believe progress is everyone’s business. That’s why we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, Goldman Sachs is a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices in all major financial centers around the world. More about our company can be found at www.goldmansachs.com
