The Goldman Sachs Group, Inc

Asset & Wealth Management, Multi-Asset Solutions: Portfolio Construction and Manager Research - Private Markets Specialist, Vice President - New York

The Goldman Sachs Group, Inc • $150K — $200K *
New York, NY 10025In-Person
Finance & Insurance
8 - 10 years of experience
1 week ago
Job Overview by Ladders

Qualifications

  • Over 10 years of investment experience in private assets or multi-asset portfolio management that includes private assets.
  • Detail-oriented with strong organizational skills to manage multiple tasks in a fast-paced environment.
  • Self-starter who works independently and thrives in a collaborative team setting.
  • Strong risk management and control focus.
  • Excellent project management capabilities for leading initiatives.
  • Excellent writing and communication skills to convey complex concepts clearly.
  • Ability to explain investment strategies to audiences with varying levels of knowledge.

Responsibilities

  • Conduct research on asset allocation for private assets within multi-asset portfolios, analyzing risks, returns, and manager sizing.
  • Develop investment guidelines for private assets considering client objectives and constraints.
  • Evaluate private investment strategies from both proprietary and external platforms for inclusion in portfolios.
  • Perform due diligence on GSAM private asset strategies, preparing detailed memos and comparisons.
  • Monitor performance, risk, and organizational changes of approved managers, providing regular updates to stakeholders.
  • Lead the secondary process for legacy private assets, identifying suitable investments for sale.
  • Collaborate on private asset modeling inputs and ensure assumptions are consistent across teams.

Benefits

  • Opportunity to work on customized multi-asset portfolios for institutional clients globally.
  • Exposure to a diverse team with rich investment backgrounds.
  • Chance to play a critical role in developing innovative private asset products.
  • Access to ongoing professional development opportunities within a prestigious asset management firm.
  • Collaborative work environment that encourages independence and team synergy.
Full Job Description
Job Description

Multi-Asset Solutions

Multi Asset Solutions (MAS) is a multi-asset class investing group that sits within the Asset & Wealth Management business at Goldman Sachs. MAS is responsible for managing customized multi-asset class portfolios and funds in a discretionary manner for institutional clients. Our clients include US and international corporate and public pension plans, insurance balance sheets, endowments, foundations, healthcare institutions, and sovereign wealth funds. The team is comprised of professionals with deep and varied investment backgrounds who specialize in designing and implementing customized multi-asset class portfolios. The team applies rigorous techniques to strategic and dynamic asset allocation, asset-liability analysis, portfolio design and implementation, risk management, and portfolio reporting and analytics. The team has been managing customized multi-asset class mandates since 1995 as a committed partner to large institutions globally.

Overview

The successful candidate would become a member of our investment team, as part of the Portfolio Construction and Manager Research group within MAS. This role is critical to the continued success of our multi-asset platform and will coordinate closely with MAS' research and client teams as well as product teams across the Asset & Wealth Management division. Specifically, the role would be responsible for private assets portfolio construction and manager research within MAS. This role is highly analytical and detail-oriented.

Responsibilities

Portfolio Construction
  • Conduct research on how to construct and implement allocations to privates within multi-asset portfolios. For example: analysis of asset classes and sub-asset classes including potential benefits and drawbacks, risks and returns; recommended allocations; manager sizing; benchmarking; and commitment pacing.
  • Develop "rules of the road" for investing in privates, recognizing MAS has multiple client channels with different objectives and constraints.

Manager Research & Due Diligence
  • Evaluate private strategies across GSAM proprietary and external platforms, to identify what strategies from approved lists to include in MAS portfolios.
  • Diligence GSAM private asset strategies. Prepare diligence memos, peer comparisons, and approval materials for MAS' Investment Center ("IC")
  • Conduct ongoing monitoring of approved managers (performance, risk, attribution, organizational changes), report regularly on findings to key stakeholders, and recommend actions as needed

Secondary Sales
  • Lead MAS' secondary process for legacy private assets.
  • Evaluate potential brokers, developing and carrying out RFI's
  • Identifying client portfolios and investments suitable for a secondary sale

Modeling & Assumptions
  • Contribute to privates modeling inputs and assumptions (e.g., expected returns, volatility, correlations, implementation structure)
  • Partner with Research teams to ensure consistency of privates assumptions across MAS.

Client Support
  • Support LPM's on client-specific questions and issues, such as understanding and following rules of the road, conducting new research when new client situations demand, and supporting in the development of client materials such as Investment Committee materials and RFP's.
  • Partner with LPM's and PM's to ensure portfolios follow best practices where appropriate, and documenting where deviations occur.

Product & Platform Development
  • Support development and evolution of privates products (e.g., building block funds, private asset vehicles), including portfolio design and supporting materials
  • Coordinate private asset deployment by working with LPM's to identify clients for specific funds and drive new commitments top completion

Qualifications:
  • >10 years of investment experience in privates assets, or multi asset portfolio management inclusive of private assets
  • Detail-oriented and organized with the ability to manage multiple tasks in a fast-paced environment
  • A self-starter able to work independently and thrive in a team environment
  • Risk management and control orientation
  • Excellent project management skills
  • Excellent writing and communication skills
  • Ability to communicate investment strategies and rationales to audiences of varying levels of sophistication

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

Ready to take the next step? Prepare your resume, sharpen your interview skills, and explore the vast array of job opportunities at The Goldman Sachs Group, Inc. Our hiring process is designed to identify and nurture talent, helping you to achieve your career goals.

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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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