Asset & Wealth Management, MAS, Strategic Partnership Portfolio Management, Associate - New York

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

Job summary

A leading global investment firm is looking for an Associate to join their Multi-Asset Solutions team in New York. The role involves managing multi-asset portfolios, contributing to investment strategies, and collaborating with senior portfolio managers. Ideal candidates will have strong quantitative skills, investment management experience, and a passion for financial markets.

Qualifications

• 4-6 years of investment management experience required.
• Demonstrated leadership potential and teamwork skills.
• Ability to work in a fast-paced environment managing multiple priorities.

Responsibilities

• Manage multi-asset class portfolios in line with client objectives.
• Contribute to monitoring and managing risks of investments.
• Lead projects to enhance trading and risk management processes.

Skills

Investment awareness

Asset allocation principles

Macro investing knowledge

Quantitative skills

Communication skills

Problem-solving abilities

Education

Master's Degree

CFA Charter (or pursuit)

Tools

Excel

PowerPoint

Python

Bloomberg

Reuters

Job description

Goldman Sachs is a global investment banking, securities, and investment management firm. We provide a wide range of services to a substantial and diversified client base that includes corporations, institutional investors, governments, non-profit organizations, and high net worth individuals. Our headquarters is in New York, and we maintain significant offices in London, Bengaluru, Mumbai, Tokyo, Hong Kong, and other financial centers around the world.

Asset Management Division

Goldman Sachs Asset Management is one of the world's leading investment managers with over $2 trillion in assets under supervision across institutional and retail investment strategies and advisory solutions spanning both public and private markets. A career with us is an opportunity to help clients across the globe realize their potential, while you discover your own as we cover nearly every asset class, industry, and geography. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance.

Multi-Asset Solutions ("MAS")

Multi-Asset Solutions is the multi-asset and multi-strategy investing group within the Asset & Wealth Management Division at Goldman Sachs. MAS is responsible for developing investment strategies and comprehensive investment solutions tailored to meet the investment objectives and constraints of our clients. These solutions bring together state-of-the-art techniques in multi-asset portfolio design and implementation and reflect proprietary research and analytics conducted by the MAS team. We offer investment solutions both in commingled fund format and in discretionary mandates for asset owners across the globe, including some of the worlds largest and most sophisticated institutional investors. MAS is a global team comprised of professionals with deep and varied investment backgrounds. The team applies rigorous techniques to strategic and dynamic asset allocation, asset-liability analysis, portfolio design and implementation, risk management, and portfolio reporting and analytics. The team has been managing customized multi-asset class mandates since 1995 as a committed partner to corporate pensions, sovereign wealth funds, healthcare organizations, endowments, foundations, and government institutions

We are seeking an experienced teammate to join our Multi-Asset Solutions (MAS) Portfolio Management team as an Associate in New York with a focus on Strategic Partnership Portfolios. As a member of the Portfolio Management team, you willbe responsible for helping with all aspects of the construction and management of portfolios bringing the MAS investment philosophy to bear for our client portfolios according to their unique objectives and constraints. This role is highly analytical and detail-oriented, focusing on managing investment exposures across many asset classes and investment strategies. This is a hands-on portfolio management role.

Core Responsibilities:

• Join and operate as a PM on the Strategic Partnerships Portfolio Management Team managing multi-asset class portfolios in line with client objectives, internal investment policies, and constraints


• Exercising investment judgment and expertise, with expectation of being able to perform key portfolio management responsibilities within a few months after joining as a primary day-to-day PM on investment portfolios and strategies


• Managing portfolio risk across various investment vehicles and product desks, including exposure, currency and cash management, investment manager/vehicle oversight


• Working closely with senior PMs to execute strategic and dynamic investment ideas with consistency and scale, including determining optimal instruments to trade based on client-specific, regulatory and market- related considerations


• Structuring trades to facilitate portfolio activity across asset classes and product types (equities, fixed income, currencies, alternatives) and instruments (futures, forwards, ETFs, options, swaps, funds, SMAs)


• Working closely with the Central Trading Desk overseeing trade execution


• Participate in investment idea generation as a part of Asset Class Working Groups


• Contribute and grow to lead PM efforts on in-house tail risk hedging and other strategies


• Helping to lead portfolio management analytics development and maintenance. Serve as bridge between portfolio managers and engineers, leveraging python to maintain and enhance analytical and data tools.


• Contribute to monitoring, evaluating, and managing risks and opportunities of the underlying investments


• Creating investment and portfolio construction frameworks across asset classes, enhancing expertise in terms of investment alternatives


• Managing derivative-based overlay strategies to enhance risk management profile of overall portfolios and/or capture market risk premia


• Work with technology teams and strategists to enhance portfolio management tools enabling better investment decisions and outcomes as a scalable business


• Reviewing new portfolio design and investment strategies for client portfolio suitability and adherence to MAS investment philosophy, with specific focus on our ability to effectively manage and implement such portfolios and strategies


• Serving as investment-side project lead for complex portfolio events, including onboarding of new client mandates and portfolio restructurings, requiring coordination across multiple internal investment teams throughout the firm, as well as external managers and trading counterparties


• Leading projects aimed at enhancing trading and risk management processes, infrastructure, and analytics to further empower the team's oversight over portfolio management activities and mitigate trading risks

Skills & Experience We're Looking for:

• Passion for investing and financial markets and desire to contribute to a high-performing investment team


• Good investment awareness and knowledge of asset allocation principles, macro investing, and factor investing approaches


• Deep curiosity and desire to continuously learn


• CFA Charter holder or current pursuit of CFA Charter strongly preferred


• Master's Degree or equivalent preferred


• Experience in working within a dynamic, global team; demonstrated leadership potential


• Strong team player: ability to collaborate effectively with colleagues across different functions and regions


• Demonstrated ability to work effectively in a fast-paced, dynamic environment managing multiple priorities and deadlines at the same time


• Excellent communication and interpersonal skills with the ability to present complex investment ideas clearly


• 4-6 years of investment management experience, with successful track record of employing the qualities and functional abilities referenced above


• Consistently positive attitude and eagerness to work in a team-centric environment


• Strong quantitative skillset


• Detail-oriented and organized with the ability to manage multiple tasks in a fast-paced environment


• A self-starter, should have ability to work independently as well as thrive in a team environment


• Intelligent, creative, with good problem-solving abilities


• Risk management and control orientation


• Excellent project management skills


• Excellent writing and communication skills


• Proficient in Excel and PowerPoint; Bloomberg, Reuters or financial data systems knowledge preferred.


• Proficiency in Python programming language strongly preferred, with understanding of syntax and libraries for data analysis and process automation

ABOUT GOLDMAN SACHS

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. Learn more about our culture, benefits, and people at GS.com/careers.

We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

The Goldman Sachs Group, Inc., 2021. All rights reserved.

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.

Benefits

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.