What job is IBD FIG strategist?
do u guys know which job this is and whether its front of back office? it seems like mid office IT work but mixed with ibd.
Goldman Sachs
Strategist (Associate)
DESCRIPTION
Investment Banking Strategies collaborates with marketers and bankers in the Financing Group
and the Investment Banking Division to create quantitative strategies and analyses that lead to
capital markets transactions with our clients. In the course of our business, we use models to
simulate and evaluate corporate income statements, balance sheets, funding and riskmanagement
strategies.
We seek strategists to
a) carry out capital structure optimization and strategic risk management analyses for
Goldman Sachs’ key corporate and sovereign clients. Our analyses lead to transactions.
Strategists are fully integrated in the process, from the idea generation phase all the way
to deal conclusion
b) Participate in and/or lead internal and external client presentations
c) Interact with internal business units we support in Investment Banking and Americas
Financing group on a regular basis
d) Participate in the innovation and development of state of the art quantitative tools for
corporate finance analyses
The Financial Institutions Group (FIG) sub-group of Investment Banking Strategies focuses on
risk management and capital structure analyses for Insurance companies and Banks. For
example, FIG Strategists perform analyses involving stochastic projections of companies’
balance sheet, including assets and liabilities, as well as modeling and execution of hedge
overlays to analyze potential capital structures for the company. FIG Strategists use GS’s
proprietary programming platform to write computer code that performs stochastic simulation of
banks and insurance companies’ assets and liabilities cash flows, as well as derivatives
overlays.
SCREENING CRITERIA
The successful candidate will have:
1. Superior quantitative/analytic reasoning and problem solving abilities: Bachelor’s degree
in a technical field (e.g. economics, math, physics, engineering or mathematical finance)
from top level universities as well as near perfect scores in standardized exams such as
SAT and GRE
2. 3-5 years of work experience in either of:
a) Finance: exotic derivatives (equities) trading / quantitative modeling and
structuring of derivatives / quantitative modeling of FIG sector companies
b) Quantitative actuarial modeling: For example, modeling of market risks of
Insurance liabilities, such as Variable Annuities
3. Strong computer programming experience in Matlab, C, C++…etc
4. Strong oral and written communication skills including high level of fluency in English
5. The desire and ability to play on a team
I consider strategist a
I consider strategist a front-office job and most people who know what they do at GS think similarly. There's a reason that they want guys with exotic derivs trading and quant modeling backgrounds.
In my group, they're responsible for pricing the very exotic derivative structures. Most of them are PHD's from very good schools.
Not as familiar with the FiG Strats, but suspect those guys fall under the corp. fin area strats, so you'd see things like Monte Carlo analysis of exotic capital structures under your purview.
Not a leading-to-PE type job like classic banking, more useful if you've either traded in the past and want something with less stress, or are interested in moving into a structuring role.
who cares abt SAT scores
who cares abt SAT scores after 3-5 years of work experience...?!?! i'm pretty sure they can't even verify the scores anymore, that's like 8-10 years after you took the test lol