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Hedge Fund Quantitative Developer Jobs in Utah (NOW HIRING)

Goldman Sachs Bank AG

Credit Risk

Salt Lake City, UT · On-site

$90 - $170/hr

Assess the financial strength of hedge funds by performing fundamental counterparty analysis. Interpret quantitative and qualitative factors drawn from fund's risk reports, portfolio analysis, and ...

Cross Creek

Vice President

Salt Lake City, UT · On-site

... fund investments in leading venture capital firms. Our strategy aims to strengthen ties between ... Conduct thorough quantitative and qualitative analysis on potential investments. * Deal Execution:

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Hedge Fund Quantitative Developer information

What is a hedge fund quantitative developer?

Hedge Fund Quantitative Developers, often called 'quant devs,' are professionals who create and maintain complex computer models and software used by hedge funds to analyze financial data, develop trading strategies, and manage risk. They combine expertise in programming, mathematics, and finance to translate quantitative trading ideas into reliable, efficient code. Their work enables hedge funds to process large datasets, backtest strategies, and execute trades at high speeds. Quantitative developers often collaborate closely with quantitative analysts and traders to implement and optimize algorithms in real-time trading systems.

What are the key skills and qualifications needed to thrive as a hedge fund quantitative developer?

To thrive as a Hedge Fund Quantitative Developer, you need strong quantitative analysis skills, programming expertise (often in Python, C++, or Java), and a solid educational background in mathematics, statistics, or a related field. Familiarity with financial modeling, data analytics platforms, and version control systems like Git is typically required, along with experience using libraries such as NumPy, pandas, or TensorFlow. Exceptional problem-solving, adaptability, and effective communication skills help you stand out by collaborating with traders and other developers. These competencies are essential for developing robust trading algorithms, optimizing strategies, and ensuring successful integration within fast-paced financial environments.

What are some common challenges faced by hedge fund quantitative developers and how can I prepare for them?

Hedge Fund Quantitative Developers often encounter the challenge of balancing rapid prototyping with robust, production-level code, especially in fast-paced trading environments. You'll frequently need to collaborate with quants, traders, and IT teams to translate research ideas into scalable, efficient systems while ensuring data integrity and low-latency performance. Staying updated on the latest financial modeling techniques and mastering programming languages commonly used in the industry (such as Python, C++, or Java) can help you meet these demands. Additionally, being proactive about code reviews, testing, and documentation will set you apart in this highly collaborative and dynamic role.

What is the difference between Hedge Fund Quantitative Developer vs Quantitative Analyst?

AspectHedge Fund Quantitative DeveloperQuantitative Analyst
Primary RoleDevelops and implements trading algorithms and models for hedge fundsAnalyzes data to inform trading strategies and risk management
Skills & CredentialsStrong programming, quantitative skills, often with advanced degrees in math, finance, or computer scienceQuantitative skills, statistical analysis, often with similar educational background
Work EnvironmentFast-paced hedge fund setting, collaborative with traders and developersResearch-focused, often in financial institutions or asset management firms

Hedge Fund Quantitative Developers focus on building and optimizing trading systems, while Quantitative Analysts primarily analyze data to support trading decisions. Both roles require strong quantitative skills and advanced degrees, but their day-to-day tasks and focus areas differ within the finance industry.

What are popular job titles related to Hedge Fund Quantitative Developer jobs in Utah?

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The top searched job categories for Hedge Fund Quantitative Developer jobs in Utah are:

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Cities in Utah with the most Hedge Fund Quantitative Developer job openings:

Hedge Fund Quantitative Developer jobs near you

Risk, Credit Risk (Global Markets), Associate, Salt Lake City

Goldman Sachs, Inc.

Salt Lake City, UT • On-site

Full-time

Re-posted 17 days ago

Goldman Sachs rating

7.8

Company rating: 7.8 out of 10

Based on 28 frontline employees who took The Breakroom Quiz

88th of 171 rated banks

Job description


Divisional Overview:
The Risk Division is a team of specialists charged with managing the firm's credit, market, liquidity, operational and insurance risk. Whether assessing the creditworthiness of the firm's counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firm's success. The division is ideal for collaborative individuals who have strong ethics and attention to detail.
Department Overview:
Credit Risk (CR) is responsible for managing the firm's credit exposure to its trading and lending counterparties. Leveraging its extensive expertise in financial, credit and risk analysis, CR ensures that credit exposure to our counterparties is managed within the firm's risk appetite. Staffed with more than 270 professionals, CR operates through 12 different offices around the world and credit professionals work closely with many areas of the firm. Given this structure, CR professionals gain diverse financial experience and a broad perspective on how the entire firm functions. The interaction with numerous departments and the range of projects that ensue allow for a challenging, varied and multi-dimensional work environment.
Responsibilities:
  • Assess the financial strength of hedge funds by performing fundamental counterparty analysis. Interpret quantitative and qualitative factors drawn from fund's risk reports, portfolio analysis, and client calls
  • Evaluate derivatives and financing transactions across Global Banking & Markets clients. Review and approve risk in a fast-paced environment while ensuring appropriate mitigants in place to minimize losses in event of counterparty default. Assess risk of transactions through reviews of quantitative models, portfolio analysis, stress testing, and other methods
  • Perform counterparty reviews, including recommending appropriate internal risk rating for each counterparty and setting credit limits

Basic Qualifications:
  • Excellent academic record
  • 2-5 years of experience in a finance, markets, or risk role
  • Significant knowledge of capital markets, including derivatives and/or repo
  • Demonstrable track record of achievement and independent decision making
  • Excellent attention to detail. Strong analytical and communication skills

Competencies:
  • Functional Expertise and Technical Skills - Knowledge of financial markets and portfolio risk management. Appropriate financial/analytical skills
  • Client and Business Focus - Builds trusting, long-term relationships with clients, helps the client to identify/define needs, and manages client/business expectations
  • Teamwork - Strong team player, works well under pressure, and collaborates with others across teams and business units
  • Communication Skills - Communicates in a clear and concise manner, shares information/new ideas with peer group and team, and escalates as appropriate
  • Judgment and Problem Solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions, and identifies clear objectives. Sees the big picture and effectively analyzes complex issues
  • Creativity and Influence - Looks for new ways to improve current processes and develop creative solutions with practical value
  • Continuous Development - Values constant self-improvement and learning

What Goldman Sachs employees say

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About Goldman Sachs

Sourced by ZipRecruiter

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.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Year founded

1869

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