Asset & Wealth Management- New York- Associate, Research/PM Support- 8607534

The Goldman Sachs Group; New York, Cary (NY, NC); On-site; USD 161,000 - 200,000; Full time

Job summary

A leading financial institution in New York is seeking an Associate for Research/PM Support. The role involves preparing liability analyses for pension plans, developing hedging strategies, and constructing asset/liability models. Ideal candidates will have a strong background in mathematics or actuarial science, along with relevant experience in the pension actuarial consulting industry. This position offers a competitive salary and the opportunity to work with high-profile clients.

Qualifications

• 3 years experience in pension actuarial consulting.
• Experience with U.S. pension funding laws and accounting standards.

Responsibilities

• Prepare liability analysis for pension plans.
• Develop hedging strategies for defined benefit pension plans.
• Construct asset and liability models for stochastic analysis.

Skills

Financial Modeling

Client Advisory

Mathematical Concepts

Education

Bachelor's degree in Mathematics

Bachelor's degree in Statistics

Bachelor's degree in Actuarial Science

Tools

Microsoft Excel

Job description

Job Duties: Associate, Research/PM Support with Goldman Sachs & Co. LLC in New York, New York. Prepare liability analysis for defined benefit pension plans 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.

Job Requirements: Bachelor's degree (U.S. or foreign equivalent) in Mathematics, Statistics, Actuarial Science, or related field and three (3) years of experience in job offered or in a related role. Prior experience must include three (3) years of experience in the following: working within the pension actuarial consulting industry on either US or Canadian actuarial valuations; performing financial modeling using Microsoft Excel; 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); and working with either deterministic or stochastic funding and accounting projections for asset/liability modeling. Fellow or Associate of the Society of Actuaries.

Salary Range: Annual base salary for this New York, New York-based position is $161,000/year -$200,000/year.

The Goldman Sachs Group, Inc., 2025. All rights reserved. Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veteran status, disability, or any other characteristic protected by applicable law.