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An up-and-coming VP just quit Goldman Sachs' NY central risk team

A senior(ish) quant left Goldman's U.S. central risk desk at the end of last week.

Goldman insiders say that Jesse Greif, a vice president (VP) and head of product management for electronic principal liquidity solutions and quant strategies sales, left the bank on Friday. 

Goldman and Greif didn't respond to a request to comment on the move, although the bank confirmed that Greif is no longer listed as an employee. He's thought to be joining a rival bank.

Greif joined Goldman in 2006 after graduating with an MBA from Wharton. He's been there ever since and was promoted to a VP in 2011, suggesting he may have been in with a chance of being promoted to managing director in 2021. - Something he clearly didn't want to wait for. 

Most banks have built up big central risk desks in recent years as they've sought to centralize the execution of trades for the whole bank. The highly quantitative desks can be contentious, with some central risk traders complaining that they're underpaid and that traders elsewhere in banks are unwilling to give them sufficient control over trade flows. On the plus side, however, central risk desks are able to manage risk across the bank using the bank's own capital, effectively making central risk one of the last bastions of 'prop' trading in banks' markets businesses today.

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AUTHORSarah Butcher Global Editor

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