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

Goldman Sachs Bank AG; New York (NY); On-site; USD 161,000 - 200,000; Full time

Job summary

A leading financial institution in New York is seeking an Associate for their Asset & Wealth Management division. The role involves preparing liability analyses, performing asset/liability modeling, and developing hedging strategies. Candidates should have a strong background in mathematics and actuarial science, along with relevant experience in pension consulting. This position offers a competitive salary and comprehensive benefits.

Benefits

Comprehensive health and welfare programs

Generous vacation policies

Financial wellness and retirement planning

On-site fitness centers

Child care and family care resources

Qualifications

• Three years of experience in pension actuarial consulting and financial modeling.
• Fellow or Associate of the Society of Actuaries.

Responsibilities

• Prepare liability analysis for defined benefit pension plans.
• Perform asset/liability modeling and develop hedging strategies.
• Support content development for client presentations and RFPs.

Skills

Financial Modeling

Mathematics

Statistics

Education

Bachelor’s degree in Mathematics

Bachelor’s degree in Statistics

Bachelor’s degree in Actuarial Science

Tools

Excel

Job description

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

Opportunity Overview

Division: Asset & Wealth Management

Job Duties

1. Prepare liability analysis for defined benefit pension plans based on actuarial data under various economic assumptions.
2. Perform asset/liability modeling and develop interest rate and credit spread hedging strategies for US and Canadian pension plans.
3. Construct and review custom liability benchmarks for Liability Driven Investing fixed income portfolios.
4. Utilize advanced mathematical concepts to assist in asset and liability modeling for clients and prospects.
5. Support content development for client and prospect presentations, RFPs, and liability analyses.
6. Construct and maintain asset and liability models to produce stochastic analyses for US and Canadian plans.

Job Requirements

1. Bachelor’s degree in Mathematics, Statistics, Actuarial Science, or related field.
2. Three years of experience in pension actuarial consulting, financial modeling with Excel, advising on US pension laws, and working with US/International pension standards (ASC 715, IAS 19).
3. Fellow or Associate of the Society of Actuaries.

Salary Range

$161,000/year - $200,000/year

Benefits

Comprehensive health and welfare programs, generous vacation policies, financial wellness and retirement planning, health services, on-site fitness centers, child care and family care resources, and other benefits. Details vary by office location.