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

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

Benefits offered by this job

Healthcare benefits

Vacation policy

Retirement plan

On-site health centers

Employee assistance program

Job summary

Goldman Sachs Asset & Wealth Management seeks an experienced investment professional to join the New York Portfolio Management team within MAS, focusing on Outsourced CIO for US pensions and insurance portfolios. You will manage exposures across asset classes in line with investment philosophy and client guidelines.

Ideal candidates have a strong background in multi-asset strategies, risk management, and collaboration with internal teams.

Qualifications

• Bachelor’s Degree required; advanced degree or CFA preferred.
• 3-6 years of investment management experience with teamwork.
• Ability to communicate investment strategies to diverse audiences.
• Experience in trading and risk management for insurance or pension portfolios.
• Proficiency in Excel and PowerPoint; Bloomberg/Reuters knowledge preferred.

Responsibilities

• Manage multi-asset class portfolios in line with client guidelines and internal policies.
• Lead investment and risk projects to enhance trading and analytics infrastructure.
• Trade across asset classes and instruments including futures, ETFs, options, swaps.
• Monitor portfolio risk, currency and cash management, and oversight of managers.
• Collaborate with internal teams to implement dynamic asset allocation views.
• Structure trades to align hedging and flow considerations with trading desks.
• Oversee derivative overlays to improve risk management.
• Analyze portfolio risk and performance, and report to Senior Portfolio Managers weekly.
• Produce investment updates and market commentary for divisional audiences.
• Participate in onboarding of new client mandates and portfolio restructurings.

Skills

Investment management

Risk management

Communication

Teamwork

Analytical thinking

Excel

PowerPoint

Financial data systems knowledge

Education

Bachelor’s Degree

CFA designation preferred

Advanced degree

Tools

Bloomberg

Reuters

Financial data systems

Job description

Asset & Wealth Management

A career with Goldman Sachs Asset & Wealth Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world's leading asset managers with over $3 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions, and building meaningful relationships with your clients. 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 & Wealth Management provides clients around the world with a dedicated partnership and focus on long-term performance. 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.

Job Summary & Responsibilities:

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.

The position provides significant exposure to insurance portfolio management, including asset-liability considerations, fixed income portfolio construction, and the evaluation of corporate, securitized, private credit, and multi-asset investment opportunities.

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 Insurance 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
• 3-6 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 insurance or pension 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

Preferred Qualifications

• Experience analyzing and investing across fixed income sectors, including investment grade and high yield corporates, securitized credit (CMBS, RMBS, ABS, CLOs), and private credit.
• Understanding of key portfolio construction concepts, including duration, spread duration, yield curve dynamics, credit quality, liquidity, and risk-adjusted return analysis.
• Experience evaluating relative value opportunities across credit sectors and translating market views into portfolio allocation recommendations.
• Willingness to help build and enhance portfolio management, trading, and analytics infrastructure within a growing insurance investment platform.

Salary Range
The expected base salary for this New York, NY, 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 .

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 provide 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.