Client Services - Operations

Goldman Sachs Bank AG; New York (NY); On-site; USD 70,000 - 95,000; Full time

Job summary

Goldman Sachs Asset Management is seeking an Analyst for operations in New York. This role involves project managing fund launches and change events, ensuring timely execution and collaborating with multiple teams. Ideal candidates are proactive, detail-oriented, and possess strong communication skills.

Benefits

Healthcare & Medical Insurance

Generous vacation entitlements

Financial support for higher education

On-site fitness centers

Child care services

Qualifications

• 2 to 4 years of relevant experience in Asset Management is preferred.
• Knowledge of fund administration and compliance standards.
• Ability to develop strong relationships with key stakeholders.

Responsibilities

• Project managing fund launches and other fund events for US funds.
• Setting expectations for launch timelines and managing fund event workflows.
• Engaging with various stakeholders to meet design and operational needs.

Skills

Communication

Project Management

Attention to Detail

Organizational Skills

Time Management

Education

Bachelor’s degree or equivalent

Job description

Asset & Wealth Management Operations - Client Services -New York-Analyst location_on New York, New York, United States

Goldman Sachs Asset Management is seeking a professional individual who wants to develop their understanding of a growing sector of financial markets and be at the heart of the Asset Management business. In this role, you will be exposed to traditional public market investment products and work closely with professionals across Portfolio Management teams (Fixed Income, Quantitative Investment Strategies and Fundamental Equity), Product Development, multiple sales channels and various groups supporting the Asset Management Business. This role requires a motivated individual to ensure accurate and timely execution of Fund change events on behalf of the firm and our clients. The ability to project manage fund change events, stakeholder expectations, prioritize, meet deadlines and communicate to all levels of the organization is critical.

At Goldman Sachs, we connect people, capital and ideas to help solve problems for our clients. We are a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. For us, it’s all about bringing together people who are curious, collaborative and have the drive to make things possible for our clients and communities.

Your Impact

Goldman Sachs Asset Management provides innovative investment solutions to help our clients meet their financial goals. We work with client coverage and product teams globally to help our institutional and retail clients across various industries navigate changing markets and make smart investments. We value self-starters with an entrepreneurial spirit, whilst providing the support and resources to ensure your success.

Goldman Sachs Asset Management is seeking a professional individual who wants to develop their understanding of a growing sector of financial markets and be at the heart of the Asset Management business. In this role, you will be exposed to traditional public market investment products and work closely with professionals across Portfolio Management teams (Fixed Income, Quantitative Investment Strategies and Fundamental Equity), Product Development, multiple sales channels and various groups supporting the Asset Management Business.

This role requires a motivated individual to ensure accurate and timely execution of Fund change events on behalf of the firm and our clients. The ability to project manage fund change events, stakeholder expectations, prioritize, meet deadlines and communicate to all levels of the organization is critical.

Our Impact

Goldman Sachs Asset Management has become one of the pre-eminent investment management organizations globally. Critical to our success is our ability to leverage a global team of talented professionals to define solutions and lead change across the operational infrastructure. Goldman Sachs Asset Management Operations is part of the Asset & Wealth Management Division and comprises ~1200 professionals across the globe. It consists of five broad functional areas, Client Operations, Public Investing Operations, Alternatives Private Operations, External Investing Group Operations, and Management and Shared Services, all of whom work in a dynamic environment where control, client service and excellence in execution are fundamental principles.

The global Fund Services team sits within Client Operations with team members located in New York, London, Dublin, The Hague, Singapore and Tokyo.

The team is primarily responsible for:

• Facilitating new business and product expansion via project management of new fund launches.
• Ongoing platform maintenance via co-ordination of fund mergers, fund terminations, restructures, other fund change events and regulatory uplifts.
• Acquisition integration through fund onboarding, consolidation and restructuring.

The team interacts very closely with the Funds’ external service providers (including Custodian and Fund Administrators), as well as with all internal teams connected with design, setup, operation, and oversight of the Funds. The role will be varied and will allow the candidate to interact with a wide range of internal and external teams and be involved in a diverse range of tasks and projects.

The funds include traditional investment vehicles such as Money Market Funds, ETFs, Mutual Funds, Collective Investment Trusts, and other hybrid products, all of which are distributed to the firm’s global client base.

How You Will Fulfil Your Potential

You will effectively contribute towards the Asset & Wealth Management division’s product expansion initiatives by project managing fund launches and other fund events for US funds.

• You will work closely and develop strong working relationships with the Portfolio Management, Product Development, Sales, Operations, external vendors and various Federation teams to agree product design expectations, fund features and establishing support models.
• You will develop a strong understanding of our Asset Management Business, and the investment products on offer.
• Your responsibilities for project managing and executing fund change events such as fund launches, terminations and other fund restructure events will include:
  • Setting expectations for launch timelines and bringing together all internal and external working group stakeholders
  • Managing the fund event workflow utilizing in-house workflow tools
  • Engaging in discussions to tackle various challenges to effectively meet design, portfolio manager and client needs
  • Facilitating internal systems and external system setups
  • Drafting and agreeing investment trade flows making sure all Operational systems are ready for trading
  • Defining and getting approval for seed capital requirements
  • Obtaining internal and external fund and share class identifiers
  • Ensuring fund registration & governance requirements are in place prior to fund launch
• You will lead or assist with various projects including technology initiatives to uplift our infrastructure, driving workflow scalability, improving controls and reducing time to market.
• You will make a good impression by:
  • Being proactive
  • Being curious
  • Effectively managing risk
  • Building personal relationships
    

Preferred Qualifications and Experience

• Bachelor’s degree or equivalent, with relevant industry experience
• 2 to 4 years of relevant experience in Asset Management
• Knowledge of fund administration and compliance standards
• Private markets, alternative investment funds, and registered products experience preferred though not required
• Must work well in a team but also exhibit strong leadership capabilities to help drive solutions to complex issues
• Attention to detail but also can see the bigger picture and manage competing priorities
• Ability to develop strong relationships with key stakeholders and delegates across the organization
• Ability to make informed autonomous decisions whilst delivering multiple projects to tight deadlines
• Strong organizational, business writing, communication and time management skills
• Desire to continually learn and ability to manage multiple priorities
  

Salary Range
The expected base salary for this New York, New York, United States-based position is $70000-$95000. 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 .

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.