The Goldman Sachs Group, Inc

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

The Goldman Sachs Group, Inc • $125K — $290K *
New York, NY 10025In-Person
Finance & Insurance
8 - 10 years of experience
Reposted 3 weeks ago
Job Overview by Ladders

Qualifications

  • ~10 years of experience in portfolio analytics, including risk analysis and risk modeling.
  • Familiarity with risk topics such as beta, volatility, tracking error, VaR, and factor exposures.
  • Detail-oriented and organized, capable of managing multiple tasks in a fast-paced environment.
  • Self-starter who thrives in both independent and team settings.
  • Strong orientation towards risk management and controls.
  • Proficient project management skills.
  • Excellent writing and communication abilities, with a capability to articulate strategies to diverse audiences.

Responsibilities

  • Research and drive best practices in portfolio construction for multi-asset portfolios.
  • Advise Portfolio Managers on aligning client portfolios with best practices and strategic deviations.
  • Develop short lists of asset class managers for US Third Party Wealth clients based on proprietary and open architecture platforms.
  • Analyze performance and characteristics of client-directed investment managers not on GSAM's platform.
  • Monitor and report performance metrics to internal stakeholders, identifying improvements for better outcomes.
  • Support the creation of client materials concerning portfolio research and performance.
  • Manage the Product Catalog to ensure accurate modeling of managers and products, collaborating with engineers for enhancements.

Benefits

  • Valuable and competitive benefits and wellness offerings for employees working at least 20 hours per week.
  • Strong focus on providing a positive overall employee experience with comprehensive benefits.
  • Access to resources supporting professional development and growth.
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.

Summary of Role:

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 manager research within MAS' model delivery business for our US Third Party Wealth channel. This role is highly analytical and detail-oriented.

Core Responsibilities:
  • Research and drive portfolio construction best practices for multi-asset portfolios, including but not limited to risk budgeting, active vs passive, benchmark selection, and active manager attribution.
  • Advise Portfolio Managers on how to align client-specific portfolios with best practices, or else how and when to deviate from best practices - particularly within MAS' Third Party Wealth (TPW) channel.
  • Develop manager selection short lists for TPW for various asset classes, based on GSAM's proprietary as well as open architecture platform.
  • Analyze client-directed managers that may not be on GSAM's platform, assessing risk characteristics and track record, and advise Portfolio Managers on how to take such managers into consideration when constructing the overall portfolio.
  • Monitor and report on performance arising from Portfolio Construction & Manager Research to key internal stakeholders (Portfolio Managers, Risk, CIO's). Identify and drive action items to improve performance.
  • Support the development of client materials (as needed) related to portfolio construction, manager research, and performance.
  • Oversee Product Catalog, MAS' repository for product and manager information. Ensure managers and products are modeled correctly, taking into consideration benchmark, risk exposures, and active manager assumptions. Liaise with engineers on the development and enhancement of Product Catalog, to drive scale and efficiency across MAS. Set and drive priorities for development, with engineers.

Qualifications:
  • 5 to 10 years of experience in portfolio analytics, including risk analysis and risk modeling, and familiarity with topics such as beta, volatility, tracking error, VaR, and factor exposures.
  • 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


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.

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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.

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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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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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