Global Banking & Markets – GSET – Quantitative Strategist – London – VP location_on London, Greater London, England, United Kingdom
What We Do
Goldman Sachs Electronic Trading (GSET) sits at the intersection of technology, quantitative research, and global markets.
We design and operate the firm’s suite of electronic execution algorithms that enable institutional clients to access liquidity and execute orders efficiently.
Within GSET, the Algo R&D team is responsible for the research, design, and continuous improvement of our execution algorithm platform.
We combine deep expertise in market microstructure, statistical modelling, and machine learning with world-class engineering to build algorithms that optimise execution quality, minimise market impact, and adapt intelligently to real-time market conditions.
Our work spans the full lifecycle of algorithmic trading — from research into price formation and liquidity dynamics, through model development and back‑testing, to production deployment and live performance monitoring.
We partner closely with traders, technologists, sales teams, and clients to ensure our algorithms remain at the forefront of the industry.
As a member of the London‑based Algo R&D team, you will join a collaborative, intellectually rigorous group that values innovation, scientific integrity, and real‑world impact. You will have access to one of the most comprehensive datasets in the industry, cutting‑edge infrastructure, and a global network of experts — all in service of solving some of the most challenging problems in modern financial markets.
Who We Look For
We seek individuals who combine intellectual curiosity with commercial pragmatism— people who are as excited about solving a hard research problem as they are about seeing their work drive measurable improvements in execution quality for our clients:
- First‑principles thinkers— You don’t just apply off‑the‑shelf models; you deeply understand the assumptions behind them and know when to challenge or adapt them to the realities of live markets.
- Collaborative partners— You thrive in a team environment where ideas are debated openly. You enjoy working across disciplines — with technologists, traders, salespeople, and clients — and can tailor your communication to each audience.
- Impact‑oriented— You measure success not just by the elegance of your models but by their impact on execution quality. You are motivated by outcomes that matter to the business and our clients.
- Continuous learners— You stay at the frontier of quantitative research, whether that means reading the latest papers on optimal execution, experimenting with new ML techniques, or learning from post‑trade analytics.
- Culture carriers— You contribute to an inclusive, high‑performance team culture. You are willing to mentor others, share knowledge, and uphold the highest ethical standards in everything you do.
Responsibilities
- Enhance execution algorithms (e.g., VWAP, Participate, adaptive/liquidity‑seeking strategies) for cash equities.
- Conduct rigorous quantitative research on market microstructure, order‑book dynamics, venue analysis, and transaction cost analysis (TCA).
- Build and maintain statistical and machine learning models for short‑term price prediction, fill‑rate estimation, market‑impact modelling, and optimal order placement/scheduling.
- Collaborate with technology teams to productionize research into low‑latency, high‑reliability trading systems.
- Perform back‑testing, simulation, and live A/B testing of algorithm enhancements; define and track performance metrics.
- Analyse large‑scale tick data to identify alpha opportunities and areas for algo improvement.
- Partner with sales, trading, and client‑facing teams to translate client feedback and business requirements into research priorities.
- Stay current with academic literature, regulatory changes (e.g., MiFID II best‑execution obligations), and competitive landscape in electronic trading.
- Present research findings and strategic recommendations to senior stakeholders and cross‑functional partners.
Basic Qualifications
- Advanced degree (Master’s or PhD) in a quantitative discipline — Mathematics, Statistics, Physics, Computer Science, Financial Engineering, or a related field.
- 5+ years of experience in quantitative research related to execution/trading algorithms at a sell‑side bank, buy‑side firm, or proprietary trading firm.
- Deep understanding of market microstructure concepts: order types, venue fragmentation, latency, queue priority, and market‑impact models.
- Proven experience with statistical modelling, time‑series analysis, and/or machine learning applied to financial data.
- Proficiency in working with large datasets (tick data, order‑book snapshots).
- Solid grasp of transaction cost analysis (TCA) methodologies and execution benchmarks.
- Excellent communication skills— ability to convey complex quantitative concepts to both technical and non‑technical audiences.
Preferred Qualifications
- Experience with equities execution algos in European or global markets.
- Understanding of regulatory frameworks relevant to algorithmic trading (MiFID II).
- Strong programming skills in Python.
- Ability to query data in kdb+/q.
- Familiarity with reinforcement learning or deep learning techniques applied to optimal execution problems.
ABOUT GOLDMAN SACHS
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.
We believe who you are makes you better at what you do. We’re committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.
We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
Healthcare & Medical Insurance
We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short‑term disability, long‑term disability, life, accidental death, labor accident and business travel accident insurance.
We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.
Financial Wellness & Retirement
We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.
Health Services
We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also provide state‑of‑the‑art on‑site health centers in certain offices.
Fitness
To encourage employees to live a healthy and active lifestyle, some of our offices feature on‑site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre‑approved amount).
Child Care & Family Care
We offer on‑site child care centers that provide full‑time and emergency back‑up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.
Benefits at Goldman Sachs
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