Former Goldman Sachs engineer rejoins the firm as an MD

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A former Goldman Sachs engineer who left in 2015 as a VP has returned as a managing director. Koby Rosenschein started at Goldman earlier this month in New York.

Rosenschein spent the first 15 years of his career at Goldman Sachs, culminating with him being named the head of developer resources and the technical operations risk manager for the firm’s enterprise platform business unit, according to LinkedIn. He left in 2015 to join hedge fund Two Sigma as its head of engineering education.

Goldman Sachs is currently in a recruiting battle with big tech companies and fellow investment banks over engineering talent. Rival J.P. Morgan announced just last week that it is revamping its two-year entry-level engineering program in the hope of winning over more tech talent, including changing its curriculum and giving juniors experience working on more interesting projects, according to Reuters.

This is an area where Rosenschein could lend a hand at Goldman. At Two Sigma, he was responsible for developing the training, materials and processes for continuing education within the engineering department. Big banks like Goldman Sachs and J.P. Morgan have been forced to step up their recruiting efforts to compete with the likes of Google, Facebook and other large tech companies that are known to offer more perks. Both Goldman and J.P. Morgan have recently relaxed their dress code policy for engineers and are said to have increased salaries to entice more high-level tech talent to work in banking.

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