The Goldman Sachs Group, Inc

Asset & Wealth Management, Multi-Asset Solutions: Portfolio Manager, Associate - New York

The Goldman Sachs Group, Inc • $100K — $170K *
New York, NY 10025In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's Degree required, advanced degree or CFA preferred
  • 3-6 years of investment management experience
  • Strong teamwork skills and collaborative mindset
  • Ability to communicate complex investment strategies clearly
  • Experience managing risk for insurance or pension portfolios
  • High investment awareness, particularly in macroeconomic trends
  • Excellent writing, communication, and project management skills

Responsibilities

  • Manage multi-asset class portfolios per client guidelines and regulatory constraints
  • Lead investment and risk projects to enhance trading and risk management processes
  • Trade across asset classes and instruments including derivatives
  • Manage risk across various investment vehicles and strategies
  • Collaborate with internal teams for consistent asset allocation execution
  • Structure trades for hedging and flow considerations
  • Analyze portfolio risk and prepare performance reports for senior managers
  • Manage complex portfolio events involving multiple stakeholders

Benefits

  • Comprehensive health and wellness benefits
  • Flexible working arrangements
  • Generous retirement plans and savings programs
  • Professional development and educational opportunities
  • Access to exclusive employee clubs and resources
Full Job Description
Job Description

Asset & Wealth Management

Job Summary & Responsibilities:

Multi-Asset Solutions, "MAS" is an investing group within the Asset Management Division at Goldman Sachs. MAS is responsible for managing customized multi-asset class portfolios and funds, including discretionary mandates for US and international public pension plans, sovereign wealth funds and insurance companies and providing outsourced CIO services. 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 tactical 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 corporate pensions, sovereign wealth funds, healthcare organizations, endowments, foundations, and government institutions.

Role:

The successful candidate would become a member our New York Portfolio Management team within MAS with focus on the Outsourced CIO channel and will be responsible for daily management of US pensions & Insurance portfolios in line with MAS investment philosophy, client guidelines and regulatory constraints. This role is highly analytical and detail-oriented, focusing on managing strategic and dynamic investment exposures across many asset classes and investment strategies.

The position provides significant exposure to insurance portfolio management, including asset-liability considerations, fixed income portfolio construction, and the evaluation of corporate, securitized, private credit, and multi-asset investment opportunities.

Core Responsibilities:
  • Managing multi-asset class portfolios in line with client guidelines, internal investment policies, and regulatory constraints. Develop investment judgment and expertise, with expectation of being able to perform key portfolio management responsibilities within a few months after joining.
  • Lead investment and risk projects aimed at enhancing and scaling trading and risk management processes, infrastructure, and analytics to further empower the team's oversight over Insurance portfolio management activities and mitigate trading risks.
  • Trading across asset classes (equities, fixed income, currencies, alternatives) and instruments (futures, forwards, ETFs, options, swaps, funds).
  • Managing portfolio risk across various investment vehicles and product desks, including exposure, currency and cash management, investment manager/vehicle oversight.
  • Working closely with internal GSAM teams to execute dynamic asset allocation views with consistency and scale, including determining optimal instruments to trade based on portfolio-specific, regulatory and market-related considerations.
  • Structuring trades across asset classes to manage the portfolio in line with hedging and flow considerations, in collaboration with GSAM's trading desk.
  • Managing derivative-based overlay strategies to enhance risk management profile of overall portfolios and/or capture market risk premia.
  • Analyzing portfolio risk and performance attribution and reporting findings to Senior Portfolio Managers on a weekly basis.
  • Producing investment updates and market commentary for dynamic portfolio views for divisional audiences
  • Participating and at times serving as a project lead in complex portfolio events, including onboarding of new client mandates, portfolio restructurings, public/private investments, requiring coordination across multiple internal investment teams throughout the firm, as well as external managers and trading counterparties.

Basic Qualifications:
  • Bachelor's Degree
  • Advanced degree or CFA designation preferred
  • 3-6 years of investment management experience, with successful track record of teamwork and employing qualities and functional abilities referenced above
  • Ability to communicate investment strategies and rationales to audiences of varying levels of sophistication
  • Experience in trading and managing risk for insurance or pension portfolios
  • Positive attitude and eagerness to work in a team-centric environment
  • High degree of investment awareness, including macroeconomic trends and implications for investing in a multi-asset class framework. Intermediate or advanced knowledge of asset allocation principles and of factor investing approaches
  • Excellent writing and communication skills
  • Excellent project management skills
  • Creative, with good problem-solving abilities
  • 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
  • Proficient in Excel and PowerPoint; Bloomberg, Reuters or financial data systems knowledge preferred

Preferred Qualifications
  • Experience analyzing and investing across fixed income sectors, including investment grade and high yield corporates, securitized credit (CMBS, RMBS, ABS, CLOs), and private credit.
  • Understanding of key portfolio construction concepts, including duration, spread duration, yield curve dynamics, credit quality, liquidity, and risk-adjusted return analysis.
  • Experience evaluating relative value opportunities across credit sectors and translating market views into portfolio allocation recommendations.
  • Willingness to help build and enhance portfolio management, trading, and analytics infrastructure within a growing insurance investment platform.


Salary Range
The expected base salary for this New York, NY, United States-based position is $100000-$170000. 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

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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