Asset & Wealth Management, Multi-Asset Solutions, Portfolio Manager, Analyst - New York

Goldman Sachs Bank AG; New York (NY); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Healthcare & Insurance

Vacation policy

Financial wellness

On-site health centers

Fitness facilities

Child care

Job summary

Goldman Sachs is seeking a NY-based Portfolio Manager within MAS to manage outsourced CIO projects and oversee US pensions and insurance portfolios in line with MAS philosophy and client guidelines.

The role emphasizes rigorous analysis of strategic and dynamic exposures across asset classes, with collaboration across GSAM teams and external managers. Strong communication and modeling skills are essential.

Qualifications

• Bachelor’s Degree
• Advanced degree or CFA designation preferred
• 1.5-4 years of investment management experience, with successful track record of teamwork and employing qualities and functional abilities referenced above
• Ability to communicate investment strategies and rationales to audiences of varying levels of sophistication
• Experience in trading and managing risk for pension or insurance portfolios
• Positive attitude and eagerness to work in a team-centric environment
• High degree of investment awareness, including macroeconomic trends and implications for investing in a multi-asset class framework
• Excellent writing and communicationskills
• Excellent project managementskills
• Detail-oriented and organized with the ability to manage multiple tasks in a fast-paced environment
• A self-starter able to work independently and thrive in a teamenvironment
• Proficient in Excel and PowerPoint; Bloomberg, Reuters or financial data systems knowledgepreferred

Responsibilities

• Managing multi-asset class portfolios in line with client guidelines and policies
• Lead investment and risk projects to enhance trading processes and analytics
• Trading across asset classes and instruments
• Managing portfolio risk across investment vehicles and product desks
• Collaborating with internal GSAM teams to execute dynamic asset allocation views
• Structuring trades across asset classes to align with hedging and flow
• Managing derivative-based overlay strategies to improve risk profile
• Analyzing portfolio risk and performance attribution for weekly updates
• Producing investment updates and market commentary for divisional audiences
• Assisting in onboarding new client mandates and portfolio restructurings

Skills

Writing skills

Communication

Project management

Excel

PowerPoint

Bloomberg

Reuters

Independent work

Teamwork

Education

Bachelor’s Degree

Advanced degree or CFA designation preferred

Tools

Bloomberg Terminal

Reuters

Job description

Multi-Asset Solutions, “MAS” is an investing group within the Asset Management Division at Goldman Sachs. MAS is responsible for managing customized multi-asset class portfolios and funds, including discretionary mandates for US and international public pension plans, sovereign wealth funds and insurance companies and providing outsourced CIO services. The team is comprised of professionals with deep and varied investment backgrounds who specialize in designing and implementing customized multi-asset class portfolios. The team applies rigorous techniques to strategic and tactical asset allocation, asset-liability analysis, portfolio design and implementation, risk management, and portfolio reporting and analytics. Theteam 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 governmentinstitutions.

Role

The successful candidate would become a member our New York Portfolio Management team within MAS with focus on the Outsourced CIO channel and will be responsible for daily management of US pensions & Insurance portfolios in line with MAS investment philosophy, client guidelines and regulatory constraints. This role is highly analytical and detail-oriented, focusing on managing strategic and dynamic investment exposures across many asset classes and investment strategies.

Core Responsibilities

• Managing multi-asset class portfolios in line with client guidelines, internal investment policies, and regulatory constraints. Develop investment judgment and expertise, with expectation of being able to perform key portfolio management responsibilities within a few months after joining.
• Lead investment and risk projects aimed at enhancing and scaling trading and risk management processes, infrastructure, and analytics to further empower the team’s oversight over portfolio management activities and mitigate trading risks.
• Trading across asset classes (equities, fixed income, currencies, alternatives) and instruments (futures, forwards, ETFs, options, swaps,funds).
• Managing portfolio risk across various investment vehicles and product desks, including exposure, currency and cash management, investment manager/vehicleoversight.
• Working closely with internal GSAM teams to execute dynamic asset allocation views with consistency and scale, including determining optimal instruments to trade based on portfolio-specific, regulatory and market-relatedconsiderations.
• Structuring trades across asset classes to manage the portfolio in line with hedging and flow considerations, in collaboration with GSAM’s tradingdesk.
• Managing derivative-based overlay strategies to enhance risk management profile of overall portfolios and/orcapture market risk premia.
• Analyzing portfolio risk and performance attribution and reporting findings to Senior Portfolio Managers on a weekly basis.
• Producing investment updates and market commentary for dynamic portfolio views for divisional audiences
• Participating and at times serving as a project lead in complex portfolio events, including onboarding of new client mandates, portfolio restructurings, public/private investments, requiring coordination across multiple internal investment teamsthroughout the firm, as well as external managers and tradingcounterparties.

Basic Qualifications

• Bachelor’s Degree
• Advanced degree or CFA designation preferred
• 1.5-4 years of investment managementexperience, with successful track record of teamwork and employing qualities and functional abilities referenced above
• Ability to communicate investment strategies and rationales to audiences of varying levels ofsophistication
• Experience in trading and managing risk for pension or insurance portfolios
• Positive attitude and eagerness to work in a team-centricenvironment
• High degree of investment awareness, including macroeconomic trends and implications for investing in a multi-asset class framework. Intermediate or advanced knowledge of asset allocation principles and of factor investingapproaches
• Excellent writing and communicationskills
• Excellent project managementskills
• Creative, with good problem-solving abilities
• Detail-oriented and organized with the ability to manage multiple tasks in a fast-pacedenvironment
• A self-starter able to work independently and thrive in a teamenvironment
• Proficient in Excel and PowerPoint; Bloomberg, Reuters or financial data systems knowledgepreferred

Salary Range

The expected base salary for this New York, NY, United States-based position is $90000-$130000. 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 .
• Healthcare & Medical Insurance

  We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

• We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

• Financial Wellness & Retirement

  We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

• Health Services

  We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

• Fitness

  To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

• Child Care & Family Care

  We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

• Benefits at Goldman Sachs

  Read more about the full suite of class-leading benefits our firm has to offer.