Asset & Wealth Management- New York - Vice President, Investing & Portfolio Management – Public[...]

Goldman Sachs Bank AG; New York (NY); On-site; USD 200,000 - 250,000; Full time

Job summary

An established industry player in financial services is seeking a Vice President for their Asset & Wealth Management division. This role involves enhancing portfolio construction processes and managing equity portfolios, utilizing advanced optimization systems and quantitative models. The ideal candidate will coordinate with various teams to ensure timely execution of trades and lead projects aimed at improving portfolio management systems. This position offers a unique opportunity to influence investment strategies and mentor junior team members in a dynamic environment. If you have a strong analytical background and a passion for finance, this role could be your next big step.

Qualifications

• 3 years of experience in portfolio management with a Master's or 5 years with a Bachelor's.
• Expertise in equity factor risk models and investment strategies using large datasets.

Responsibilities

• Design and improve portfolio construction processes for equity portfolios.
• Analyze financial data to develop quantitative investment models in Python.

Skills

Equity Portfolio Management

Portfolio Optimization

Financial Analysis

Statistical Analysis

Python Programming

Matlab

Cash Management

Project Management

Education

Master’s degree in Finance, Economics, Mathematics, or related field

Bachelor’s degree in Finance, Economics, Mathematics, or related field

Tools

Axioma-based optimizer

Statistical software

Job description

Opportunity Overview

CORPORATE TITLE: Vice President

OFFICE LOCATION(S): New York

DIVISION: Asset & Wealth Management

Job Duties:

Vice President, Investing & Portfolio Management – Public with Goldman Sachs & Co. LLC in New York, New York. Responsible for designing and improving portfolio construction processes of equity portfolios for daily rebalance and ad-hoc requests and decide portfolio construction parameters based on clients’ requests and market conditions using proprietary optimization systems. Manage constraints to achieve desired characteristics profile for equity portfolios using Axioma-based optimizer; perform portfolio analysis using linear regression, statistics and econometrics techniques. Coordinate with research, trading, data, technology, and compliance teams to accurately implement model views and client guidelines in optimizer and ensure timely trades execution. Analyze financial and alternative data sets to develop quantitative investment models in Python to predict stock returns based on finance, accounting and economics theories. Coordinate implementation of new releases of the stock selection investment models into production. Perform and oversee cash management activities for mutual funds domiciled in the US, Tokyo, Luxembourg and Dublin. Lead projects to design and enhance portfolio management systems by coordinating with engineering team. Train new and junior members of the team in portfolio construction, trade generation and cash management for quantitatively managed US, global and Emerging Markets portfolios.

Job Requirements:

Master’s degree (U.S. or foreign equivalent) in Finance, Economics, Mathematics, Financial Engineering, or a related field and three (3) years of experience in the job offered or a related position OR Bachelor’s degree (U.S. or foreign equivalent) in Finance, Economics, Mathematics, Financial Engineering, or a related field and five (5) years of experience in the job offered or a related position. Must have three (3) years of experience (with Master’s degree) OR five (5) years of experience (with Bachelor’s degree) with: utilizing equity factor risk and alpha models for equity portfolio management; building and testing equity investment strategies by utilizing large datasets in Matlab or Python; using portfolio optimization systems for equity portfolios, including linear, quadratic, and integer programming through Axioma-based optimizer; applying equity portfolio performance attribution and risk metrics; using mutual fund cash management techniques for multi-region portfolios domiciled in different countries; and executing stock and FX trading and settlement processes in various jurisdictions.

Salary Range:

Annual base salary for this New York, New York -based position is $200,000 - $250,000.