Asset & Wealth Management, Wealth Investment Solutions, Exchange Funds Team, Associate - Chicago

The Goldman Sachs Group; Chicago (IL); On-site; USD 80,000 - 160,000; Full time

Job summary

An established industry player in asset management is seeking a motivated Associate to join their Wealth Investment Solutions team in Chicago. This role offers a unique opportunity to engage with high net worth clients, manage exchange funds, and contribute to innovative investment solutions. You will collaborate with talented professionals, enhance your analytical skills, and participate in the development of tax-efficient diversification strategies. If you are passionate about capital markets and eager to make a meaningful impact, this position is perfect for you.

Qualifications

• 3-7 years of asset management or wealth management experience.
• Strong analytical and problem-solving skills with attention to detail.

Responsibilities

• Develop product knowledge of exchange funds and structuring rules.
• Engage with clients to provide tax aware solutions.
• Assist in product innovation and marketing materials.

Skills

Analytical Skills

Problem-Solving Skills

Client Engagement

Understanding of Capital Markets

Risk Management

Communication Skills

Education

Bachelor's Degree

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 $2 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 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. Goldman Sachs Asset & Wealth Management delivers innovative investment solutions through a global, multi-product platform that offers clients the advantages that come with working with a large firm, while maintaining the benefits of a boutique. AWM is one of the pre-eminent investment management organizations globally. Critical to the success of AWM is our ability to leverage a global team of talented professionals and deliver continued innovation to meet our client's evolving needs.

Job Summary & Responsibilities:

The Wealth Investment Solutions Exchange Funds team is seeking a highly motivated individual to work as an Associate to help manage the Exchange Fund complex. The team provides tax efficient diversification solutions to high net worth clients owning highly appreciated equity positions. Product offerings are made available to some of the most important client relationships of both Goldman private wealth as well as our distribution partners. With a twenty-five-year plus history of alternative investment product structuring, client engagement and broad platform distribution, the Exchange fund solutions are one of AWM's core alternative product offerings available across the street.

Role:

The successful candidate would become a member of the Exchange Funds team within our Wealth Investment Solutions business, responsible for helping in portfolio management, client engagement and operational design and infrastructure. This role is analytical and detail-oriented provides a multi-faceted opportunity to participate in the business development and portfolio management of the various alternative investment tax aware offerings within our franchise.

Core Responsibilities:

• Develop product knowledge of exchange funds and underlying structuring rules and regulations


• Engage with clients, advisors and distribution platforms to understand their specific needs and provide tax aware solutions


• Participate in product innovation, structuring and designing of new product offerings


• Participate in the creation of marketing materials and bespoke client studies


• Assist sales in fund specific inquires to deliver commercial outcomes


• Work with Engineering teams to design portfolio management algorithms and investment processes to support business


• Build an understanding of the interaction of the private and public assets within fund


• Work closely with the lead portfolio manager to manage client onboarding


• Responsible for regular fund maintenance (risk monitoring, credit facility servicing, etc.)


• Liaise with engineering teams to execute strategic roadmap for delivering a digital experience for our clients

Basic Qualifications:

• 3-7 years of asset management or wealth management experience


• Strong analytical and problem-solving skills with strong attention to detail


• Experience and background with quantitative techniques and investment strategies would be preferable


• Experience supporting exchange funds and/or experience in evaluating client portfolios and tax considerations a plus


• Strong interest in capital markets, asset management, and understanding of traditional and alternative asset classes


• Risk management and control orientation


• Team player, self-motivated; able to work in an autonomous, yet collaborative environment


• Well organized, proactive, decisive, and willing to take on more responsibility, with the ability to manage multiple tasks in a fast-paced environment


• Creative, with good problem-solving abilities


• Excellent communication and writing skills


• Ability to interact and build relationships with a wide variety of people


• Bachelor's degree

ABOUT GOLDMAN SACHS

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.

We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

The Goldman Sachs Group, Inc., 2021. 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, veterans status, disability, or any other characteristic protected by applicable law.

Salary Range

The expected base salary for this Chicago, Illinois, United States-based position is $80000-$160000. 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.