Goldman Sachs Group, Inc. (NYSE: GS) is looking to fill over 20 positions for its Marquee platform for its plan to become the Google of Wall Street.
The Marquee platform by Goldman offers clients access to the bank's analytics, data, content and execution capabilities through a browser or an API (Application programming interface).
With Goldman move to add more staffing to the platform, it believes that it can help achieve their goal to become the Google of Wall Street.
The bank is looking to fill positions in its New York office, from positions such as associate developer to even vice president.
The bank has posted eight job ads for positions at Marquee in New York in the past month or so, and has also recently advertised more additional 12 roles in Bengalaru and another four in Warsaw.
One ad posted by Goldman specified, “looking for creative and talented engineers to build out our next generation client facing risk and execution platforms."
Another posted ad said, "pursuing engineers across the stack, from those who are confident working with low latency processes through individuals passionate in implementing responsive user interfaces."
Agility is the biggest requirement for a spot on the Marquee team the company is looking for.
"At times you will be asked to step into the trading floor environment and at others you will be called upon to guide the decisions of leadership," the ad said.
Tiffany Galvin, a Goldman Sachs spokeswoman, said that the company is looking only for the of the best in their respective fields.
Marty Chavez, the chief financial officer of Goldman Sachs, has been the reason for many initiatives by the firm, including Marquee. He recently brought up to Goldman a new model that is based on APIs. APIs are the standard way for your program to communicate without a human intervening in the process. For example, it’s like using a Facebook account to log into Spotify so you don’t have to make a brand new Spotify account. The two applications will communicate to make it happen.
This model is based on taking data, then putting it through analytics engines, then making it available clients through Goldman Sachs' digital platform that Chavez created
"Historically, the API has been human beings talking to other human beings over the telephone, and all the tools, the content, the analytics is on the internal platform only," Chavez said. "We are shifting this radically and shifting this fast, and we're packaging everything we do, and actually, we're redesigning the whole company, around APIs."
The idea is that giving clients access to Goldman Sachs data and analytics tools helps build better relations between the company and its customers, which then can lead to even more business.
"Our digital offerings, under the unified Marquee brand, directly correlate to market share and profitability," one job ad said.