Asset & Wealth Management, Asset / Liability Strategist, Associate - New York

Goldman Sachs, Inc.; New York (NY); On-site; USD 100,000 - 170,000; Full time

Job summary

A leading asset management firm seeks a professional to join its Multi-Asset Solutions Portfolio Management Team in New York City. The position focuses on designing and managing multi-asset class portfolios for pension and insurance clients, requiring strong analytical and communication skills, with competitive salary and benefits.

Benefits

Valuable and competitive benefits

Wellness offerings

Qualifications

• At least 3 years of experience in the pension actuarial consulting industry.
• Experience with U.S. and Canadian actuarial valuations.
• CFA charterholder a plus.

Responsibilities

• Design, manage, and communicate multi-asset class portfolios.
• Prepare liability analysis based on actuarial data.
• Perform asset / liability modeling and develop hedging strategies.

Skills

Analytical skills

Communication skills

Detail-oriented

Organizational skills

Interest in financial markets

Education

Bachelor's degree in Mathematics, Actuarial Science, Finance or related field

Associate of the Society of Actuaries (ASA) or Fellow of the Society of Actuaries (FSA)

Tools

Excel

PowerPoint

Job description

Asset & Wealth Management : Goldman Sachs Asset Management is one of the world's leading asset managers with over $2 trillion in assets under supervision. As a primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors, and individuals.

Responsibilities :

The successful candidate will join the Multi-Asset Solutions (MAS) Portfolio Management Team in New York City. In this role, they will design, manage, and communicate multi-asset class portfolios, with a focus on liability-driven investing for pension and insurance clients. The position requires strong analytical skills to develop, invest in, manage, and communicate customized portfolio solutions to clients. Core responsibilities include :

• Prepare liability analysis based on actuarial data under a variety of economic assumption sets.
• Perform asset / liability modeling and develop interest rate and credit spread hedging strategies for defined benefit pension plans in the US and Canada.
• Construct and review custom liability benchmarks required for managing Liability Driven Investing fixed income portfolio strategies.
• Utilize advanced mathematical concepts to assist in asset and liability modeling for current clients and prospects.
• Support content development involving client and prospect presentation books, request for proposals, and other liability-related analyses.
• Construct and maintain asset and liability models to produce stochastic analysis for current and prospective clients for plans based in the US and Canada

Qualifications :

• Bachelor's degree (U.S. or foreign equivalent) in Mathematics, Actuarial Science, Finance or a related field
• Associate of the Society of Actuaries (ASA) or Fellow of the Society of Actuaries (FSA) designation
• At least 3 years of experience in working within the pension actuarial consulting industry on either US or Canadian actuarial valuations
• Prior experience working on the following :
• Working with and advising clients regarding U.S. minimum required pension funding laws.
• Working with US (ASC 715) and International pension accounting standards (IAS 19).
• Working with deterministic and stochastic funding and accounting projections for asset / liability modeling.
• Detail-oriented, highly organized with the ability to manage multiple tasks in a fast-paced environment
• A self-starter able to work independently and thrive in a team environment
• Excellent writing and communication skills
• Proficient in Excel and PowerPoint
• Strong interest in the financial markets, actuarial science and a good investment sense / commercial instinct
• CFA charterholder a plus

Salary Range

The expected base salary for this New York, New York, United States-based position is $100000-$170000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.

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