The Goldman Sachs Group, Inc

Asset & Wealth Management, Quantitative Equity Solutions - Long/Short Portfolio Management, Vice President - New York

The Goldman Sachs Group, Inc$180K — $250K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years in portfolio construction and implementation, focusing on systematic equity strategies
  • Strong foundation in empirical research methods like backtesting and statistical inference
  • Degree in mathematics, computer science, financial engineering, or related STEM field
  • Understanding of tax-aware investing concepts
  • Experience with options-based strategies is advantageous
  • Diverse problem-solving and economic intuition skills
  • Ability to collaborate across functions while maintaining accuracy
  • Strong written and verbal communication skills
  • Proficiency in programming languages such as Matlab, Python, or R preferred

Responsibilities

  • Manage customized equity separately managed accounts (SMAs) with an emphasis on optimization and trade review
  • Drive investment strategy enhancements and develop new capabilities for improving after-tax returns
  • Partner with Engineering teams to translate concepts into research and design specifications
  • Collaborate with client portfolio managers to integrate investor needs into strategy design
  • Leverage programming and statistical techniques for research, backtesting, and optimization
  • Handle multiple research and portfolio management projects with varying timelines
  • Mentor junior team members to enhance their portfolio management and research capabilities

Benefits

  • Work in an entrepreneurial environment with access to large organizational resources
  • Engage in a fast-paced, innovative atmosphere focused on technological advancements
  • Opportunity to collaborate cross-functionally, enhancing professional experience
  • Access to a diverse range of investment strategies and tools
  • Mentorship and development opportunities within the team
Full Job Description
Job Description

Job Summary & Responsibilities
Goldman Sachs Asset Management's Quantitative Equity Solutions team is a fast-growing group which oversees more than $300BN across over 60,000 customized equity portfolios, Exchange Funds, Mutual Funds and ETFs. The Quantitative Equity Solutions group delivers investment solutions to Ultra High Net Worth, Institutional and Retail clients in order to address investor needs and goals including: tax management, risk management, value alignment, yield enhancement, customization and beyond.

As a focal point for one of the division's key priority initiatives, the team operates in an entrepreneurial environment but with the resources of a large organization. A core focus for the team is managing cutting-edge investment strategies and innovating new investment capabilities that can transform the asset management industry. We design and employ highly-scalable portfolio management systems to create equity-based investment strategies to meet client investors needs. Current investment solutions range from tax managed offerings, long/short strategies, single stock diversification, income based strategies, factor based investing, values alignment and environmentally oriented portfolios - with more strategies under development.

The Portfolio Management team is responsible for research, portfolio construction and portfolio implementation of the investment strategies managed by the Quantitative Equity Solutions team. Responsibilities include research into investment strategy development, process enhancements and strategy improvements, as well as portfolio construction and portfolio implementation. Portfolio managers works closely with client portfolios managers, engineers, operations, controllers, compliance, and product managers. Responsibilities also include collaborating on new investment strategies and digital tools we are developing. Our team is energized by leveraging technology to create scale and customization across our entire business and deliver an excellent client experience with industry leading investment solutions and performance. Our team operates in a fast-paced environment that welcomes individuals who have a background and demonstrated interest in portfolio management, investment research and client collaboration.

The Vice President (Long/Short PM) role within the Portfolio Management team will specifically focus on long/short equity research and portfolio implementation.

Responsibilities:
  • Manage long/short portfolios daily, monitoring risk exposures, margin utilization, leverage, and short locates while ensuring adherence to each account's mandate and investment guidelines
  • Oversee the trade lifecycle for long and short positions (e.g. corporate actions, booking, collateral flows, etc.) partnering with middle office, operations, and prime brokers
  • Work with technologists, strategists, and researchers to enhance portfolio construction, risk monitoring, performance attribution, and implementation tools (OMS, Dashboards, etc.) for long/short portfolios
  • Help launch new and innovative mandates in existing or new investment vehicles
  • Contribute to thought leadership, highlighting our strategies' effectiveness across different client contexts
  • Consider tax-awareness throughout research and portfolio implementation including awareness of US tax regulations relevant to long/short equity investing
  • Ensure compliance with all internal and external rules and regulations

Qualifications:
  • 5+ years of equity portfolio management experience, preferably with long/short portfolios and quantitative investment strategies
  • 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.)
  • Creative, diverse problem-solving skills, solid economic intuition, and good commercial instinct
  • Exceptional attention to detail, careful/thorough, well organized, effective time management
  • Thrive in a team-oriented and collaborative environment and brings a great attitude to work
  • Quantitative equity research experience is a plus
  • Excellent communication skills

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.

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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.

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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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Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ

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