Asset & Wealth Management
A career with Goldman Sachs Asset & Wealth Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world's leading asset managers with over $2 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions, and building meaningful relationships with your clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset & Wealth Management provides clients around the world with a dedicated partnership and focus on long-term performance. As primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals.
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Job Summary & Responsibilities
Goldman Sachs Asset Management's Equity Solutions team is a fast growing group which oversees more than $140BN across over 35,000 customized equity portfolios, Exchange Funds, Mutual Funds and ETFs. The Equity Solutions group delivers investment solutions to 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, etc.
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 strategies to meet client investors needs. Current investment solutions range from tax managed offerings, 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 the investment strategies implemented within Equity Solutions' customized equity portfolios and Mutual Funds. Responsibilities include investment strategy development, portfolio construction and performance monitoring. 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 (Research) role within the Portfolio Management team will specifically focus on driving investment research projects.
Responsibilities:
- Drive investment research projects, including identifying enhancements to existing strategies and developing new capabilities that improve after-tax returns and reduce risk for investors
- Collaborate with client portfolio managers to incorporate investor needs in investment strategy design, joining meetings with financial advisors and end clients as appropriate
- Leverage different programming languages and statistical techniques in research projects while designing new investment strategies or enhancing existing investing strategies
- Work with engineering teams to refine and integrate research ideas into production portfolio management systems, including detailed technical design specifications and testing
- Multi-task across multiple research projects and portfolio management needs
- Serve as a leader and guide for more junior members of the team to further develop research pipeline
- As appropriate, author research papers to illustrate our thought leadership
Qualifications:
- Professional experience includes investment management, preferably with quantitative techniques and optimization background
- Demonstrated related research (white papers, journal articles, etc.)
- Undergraduate and/or graduate degree in mathematics, computer science, financial engineering, or other STEM-related background
- Computer programming experience (e.g., Matlab, Python, R, Java, C / C++)
- Previous professional experience with options strategies preferred
- Creative, diverse problem-solving skills, solid economic intuition, good commercial instinct and interest in financial markets
- 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
- Excellent communication skills (especially written communication)
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.