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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About WIS
The Wealth Investment Solutions (WIS) team within Goldman Sachs Asset Management manages over $280BN in fixed income and equity assets across 80,000+ customized portfolios and a range of fund solutions. WIS is an industry leader in delivering personalized portfolios and investment strategies for individual investment objectives, including direct indexing, yield enhancement, tax-managed, factor-based and environmental & socially responsible portfolios to high net worth, institutional, and retail clients.
About the role
The Senior Tax Economist will play a critical role in the expanding Wealth Investment Solutions portfolio management organization and their responsibilities will be multi-faceted.
They will partner with Client Portfolio Managers and Financial Advisors to advise high net worth individuals and families with respect to estate planning, charitable planning, trust and estate matters and philanthropic objectives. Their expertise will be heavily leveraged for clients to close business and drive commercial growth.
The Senior Tax Economist will also be responsible for creating content, showcasing expertise in different forums, including authoring blogs, white papers, participating in client conferences, webinars and other avenues. Topics may include potential tax policy changes and implications, wealth transfer and other trust and estate topics.
They will work closely with the Portfolio Management team to understand and validate the tax considerations of the group's tax managed investment strategies. The Senior Tax Economist will have the opportunity to contribute from a tax research perspective pertaining to the implications from new tax policy changes, for example. They will also be responsible for providing tax oversight of the implementation of the investment strategies.
Qualifications:
- Experience working with clients in structuring wealth and estate planning strategies
- Technical expertise in US tax legislation and tax implications of investment portfolios, estate planning entities, philanthropic entities, including impact of the Alternative Minimum Tax
- Deep interest in the financial markets and good investment sense/commercial instinct
- Excellent interpersonal skills and a desire to work in a team oriented environment
- Resourceful, self-starter, attentive to detail and capable of multi-tasking in a fast-paced environment
- Extensive experience of presenting to internal and external audiences
- A minimum of ten years of experience as an accountant, attorney or wealth professional
- Bachelor's Degree required; CPA and/or JD highly preferred
- Securities Industry Essentials (SIE), Series 7 & Series 63 exams (must be obtained within first 3 months of employment)
- Willingness and desire to travel
Responsibilities:
- Monitor changing tax regulations that could impact investment design and performance and analyze potential impact to strategies
- Work with portfolio management teams to ensure appropriate application of tax considerations in investment strategies
- Liaise with the GS corporate tax team and external tax counsel on behalf of business needs
- Understanding and informing portfolio managers of cross-product tax implications across different asset classes and strategies
- Providing tax and estate planning expertise during investment product design and research
- Contribute to design of tax-related digital tools (e.g. new administration tax calculator)
- Identifying commercial solutions and creating custom analytics and investment proposals to win business
- Client resource for how investment products impact tax and estate planning and the suitability of different investment strategies
- Drive tax oriented, thought leadership commentary including blogs, whitepapers, articles, webinars and conferences
- Serve as a subject matter expert for Financial Advisors and investors
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.