The Goldman Sachs Group, Inc

Asset & Wealth Management, MAS, Third Party Wealth, Retail Models, Vice President - New York

The Goldman Sachs Group, Inc • $125K — $290K *
New York, NY 10025In-Person
Finance & Insurance
5 - 7 years of experience
1 week ago
Job Overview by Ladders

Qualifications

  • 6-10 years of investment management experience with a proven track record.
  • Undergraduate or graduate degree in a STEM-related field.
  • Experience in programming for portfolio implementation (e.g., Python, MATLAB, R).
  • Leadership and project management skills; experience in diverse teams.
  • Detail-oriented and organized, capable of multitasking in a fast-paced environment.
  • Strong financial markets interest and advanced knowledge of asset allocation.
  • Excellent communication skills, with the ability to convey complex concepts clearly.

Responsibilities

  • Manage multi-asset class portfolios per client guidelines and regulations.
  • Structure and implement trades across different asset classes and instruments.
  • Lead the development of a systematic portfolio management process.
  • Analyze instruments based on portfolio-specific and market considerations.
  • Engage with Engineering to enhance portfolio trading algorithms and systems.
  • Design and maintain quantitative analytics leveraging programming tools.
  • Serve as oversight lead for complex portfolio events like restructurings.

Benefits

  • Valuable and competitive benefits and wellness offerings.
  • Strong employee experience focus providing comprehensive support.
  • Applicable for both full-time and part-time employees working over 20 hours weekly.
Full Job Description
Job Description

Role:

We are seeking a Vice President to join the Third-Party Wealth Portfolio Management (TPW PM) team within MAS. The TPW PM team is responsible for management and construction of multi-asset class funds, retail models and investment strategies in line with MAS investment philosophy, client guidelines and regulatory constraints. Models are families of portfolio asset allocations recommendations, including product-specific allocations in each asset class, that are provided to retail investment advisors through a turnkey asset management platform (TAMP), third-party brokerage wirehouse, a retail bank, or other platforms. Models are a high-growth, high-visibility area of the firm and are often highly customized to the specific needs of the third-party aggregator or advisor base.

The successful candidate would join as a member of the Portfolio Management Team. They would focus on managing portfolio activities related to Goldman Sachs flagship and custom models and driving key initiatives across our fast-growing retails models business. This role is highly quantitative, analytical and detail-oriented, with emphasis on ability to scalably manage and evaluate investment exposures across many portfolios, asset classes and investment strategies.

Core Responsibilities:
  • Manage multi-asset class portfolios in line with client guidelines, internal investment policies, and regulatory constraints. Exercise leadership qualities and judgment, with expectation of being able to perform key portfolio management responsibilities within a few months after joining.
  • Structure and implement trades to facilitate portfolio activity across asset classes and product types (equities, fixed income, currencies, alternatives) and instruments (futures, forwards, ETFs, options, swaps, funds).
  • Lead creation of a systematic portfolio management process to implement strategic and tactical investment views with customization and scale across the entire models business.
  • Analyze and determine optimal instruments based on portfolio-specific, regulatory, and market considerations.
  • Engage with Engineering teams to design and enhance one-to-many portfolio trading algorithms, systems and infrastructure for a systematic investment process, including technical design specifications and testing.
  • Design and maintain quantitative investment and risk analytics, leveraging Python and related tools to enhance portfolio construction, implementation, risk oversight, performance attribution and implementation capabilities.
  • Review new portfolio designs and investment strategies for client suitability, implementation feasibility, and ongoing management, and provide portfolio management reviews and sign-offs for new business and investment opportunities.
  • Serve as the investment-side oversight lead for complex portfolio events, including onboarding new client mandates and executing portfolio restructurings, requiring coordination across internal investment teams, sales, external stakeholders, and model platforms.
  • Contribute to thought leadership, highlighting our strategies' effectiveness across different client contexts.
  • Lead and oversee projects aimed at enhancing trading and risk management processes, infrastructure, and analytics to strengthen portfolio oversight and mitigate operational and trading risks.

Basic Qualifications:
  • 6-10 years of investment management experience, with successful track record of employing qualities and functional abilities referenced above
  • Undergraduate and/or graduate degree in mathematics, computer science, financial engineering, or other STEM-related background
  • Computer programming experience with a focus on portfolio implementation (e.g., Python, MATLAB, R, etc.)
  • Proven leadership and project management skills; experience working in global, cross-regional, cross-functional team
  • Detail-oriented and highly organized, with the ability to manage multiple priorities effectively in a fast-paced environment
  • Self-starter with the ability to work independently while collaborating effectively in a team-oriented environment
  • Strong interest in financial markets and investing, with intermediate or advanced knowledge of asset allocation principles and factor-based investing approaches
  • Consistently positive attitude and strong work ethic, with a willingness to contribute in a collaborative, team-centric culture
  • Advanced problem-solving skills and robust financial instrument knowledge, with the ability to think critically and creatively when evaluating investment and portfolio-related challenges.
  • Exceptional attention to detail, commercial instinct, economic intuition, including experience with analyzing risk or managing various investment strategies
  • Risk management and control orientation, with attention to investment and operational risks
  • Excellent written and verbal communication skills, with the ability to clearly articulate investment strategies, portfolio positioning, and risk considerations to audiences of varying sophistication
  • High degree of proficiency in Excel and PowerPoint; experience with Bloomberg, Reuters, or other financial data systems preferred
  • Advanced degree or CFA designation preferred


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.

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

Lead with Innovation and Leadership

Step into a role where your skills will be honed and your leadership capabilities enhanced. The Goldman Sachs Group, Inc. is at the forefront of merging financial expertise with technological innovation, creating a platform for you to lead impactful initiatives.

Join Our Diverse and Inclusive Team

Diversity and inclusion are at the core of our company culture. With employees from various backgrounds, Goldman Sachs thrives on the rich ideas and perspectives that this diversity brings. Here, every team member’s contribution is valued, and every voice is heard.

Explore Job Opportunities and Internships

Whether you’re seeking full-time employment or looking into internship opportunities, Goldman Sachs offers a range of positions that cater to different skills, experiences, and career aspirations. From analyst to executive positions, discover how you can contribute to our legacy of success.

Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

Prepare for Your Future

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Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

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At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Finance & Insurance
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ
GS
* Ladders Estimates

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