Asset & Wealth Management, Wealth Investment Solutions (WIS), Investment Product Manager, Vice [...]

State Farm Mutual Automobile Insurance Company; New York (NY); On-site; USD 125,000 - 290,000; Full time

Job summary

A leading company seeks an investment product manager within their Wealth Investment Solutions team in New York. This role involves building and refining investment strategies and collaborating across multiple teams to deliver solutions. A strong background in STEM and extensive experience in the investment sector are required.

Qualifications

• 5-7 years of experience in the investment industry.
• Technical background in STEM-related fields required.
• Proven track record of delivering complex investment products.

Responsibilities

• Inform and drive the investment product roadmap.
• Develop technical specifications and process maps for products.
• Drive execution of front-to-back product development.

Skills

Communication

Organizational skills

Risk management

Technical product management

Data analysis

Education

Bachelor's degree in mathematics, computer science, or financial engineering

Tools

JIRA

Job description

About WIS

The Wealth Investment Solutions (WIS) team within Goldman Sachs Asset Management manages over $375bn in assets across 80,000+ customized portfolios for individual as well as institutional investors across the wealth spectrum. WIS designs and manages personalized investment solutions for individual investment objectives, including tax-managed, factor-based and value aligned strategies across the Equity and Fixed Income asset classes.

About the role

The goal of the WIS business is to become the essential solutions provider and partner of choice to wealth advisors across the industry by developing investment products that solve for client needs and help scale the practices of advisors. Areas of focus include tax-aware and risk-managed diversification strategies for concentrated holdings, derivative strategies for risk management and income, tax-aware overlays on active management and total portfolio solutions. As a focal point for one of the division's key priority initiatives, the team operates in an entrepreneurial environment but with the resources of a large organization.

As an investment product manager within the WIS business you will be responsible for building new investment strategies as well as refining existing strategies to solve for the evolving needs of individual investors and advisors across wealth segments. As a product manager your role will be to leverage your knowledge of wealth management, financial products, and exceptional product management skills to rapidly develop, launch and refine investment solutions delivered at scale.

WIS product managers collaborate across multiple teams and work closely with quantitative researchers, portfolio managers, client portfolio managers, engineers, UX designers, salespeople, digital product managers, operations, controllers, and compliance to deliver new investment strategies to the market.

Responsibilities:

• Inform and drive the "big picture" investment product roadmap, in partnership with portfolio managers and WIS leadership, while also rolling up your sleeves to rapidly execute
• In partnership with quantitative researchers and portfolio managers, research optimal design for new wealth investment solution concepts
• Write internal memos for new investment products to align portfolio managers, researchers, engineers, WIS leadership & sales on product rationale and implementation details
• Develop technical front-to-back specifications and process maps for investment product design
• Maintain JIRA tickets, specifications, and documentation for each project
• Drive execution of front-to-back product development roadmap
• Create a testing plan and validate testing results to ensure smooth rollout of the product
• Continuously leverage data and customer feedback to identify both problem areas and strategic opportunities for improvement
• Partner with senior leaders and stakeholders to use quantitative and qualitative data points to drive high quality decision making and make prioritization trade-offs

Qualifications:

• Technical background, preferably an u ndergraduate and/or graduate Bachelor's degree in mathematics, computer science, financial engineering, or other STEM-related background.
• 5-7 years of experience working as a technical product manager, engineer, portfolio manager or financial analyst in the investment industry
• Excellent communication skills across verbal, written emails, and PowerPoints (e.g. visualizations, diagrams, etc.); Ability to succinctly discuss complex investment and/or technical concepts to various stakeholders across the organization.
• Exceptional attention to detail and organizational skills to document specifications and communicate effectively across teams.
• Prudent judgement on risk management, impact to the client experience, and the ability to escalate as needed.
• Willingness to get into nuanced details necessary to drive high-quality decision-making and ensure prudent risk management that can impact the investment experience.
• Proven track record of delivering complex, high-quality investment products at scale
• Desire to work in a fast-paced environment adhering to strict deadlines and evolving priorities
• Self-motivated and proactive team player who takes ownership of and accountability for projects

Salary Range
The expected base salary for this New York, New York, United States-based position is $125000-$290000. 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 .