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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: New York City, New York

Salary: $125K - $290K

Goldman Sachs offers services in investment banking (advisory for mergers and acquisitions and restructuring), securities underwriting, prime brokerage, asset management as well as wealth management and investment management via Goldman Sachs Personal Financial Management. It is a market maker for many types of financial products and provides clearing and custodian bank services. It operates private-equity funds and hedge funds. It structures complex and tailor-made financial products. It also owns Goldman Sachs Bank USA, a direct bank. It trades both on behalf of its clients (flow trading) and for its own account (proprietary trading). The company invests in and arranges financing for startups, and in many cases gets additional business as bookrunner when the companies launch initial public offerings.

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 and international pension 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.

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.
  • 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 other MAS teams to execute dynamic asset allocation views with consistency and scale, including determining optimal instruments to trade based on fund-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.
  • Participating and at times serving as a project lead in complex portfolio events, including onboarding of new client mandates, portfolio restructurings, requiring coordination across multiple internal investment teams throughout the firm, as well as external managers and trading counterparties.
  • 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 portfolio management activities and mitigate trading risks.

Basic Qualifications

 

  • Bachelor’s Degree
  • Advanced degree or CFA designation preferred
  • 6-12 years of investment management experience, with successful track record of leading teams 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 with derivative instruments
  • 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

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 .