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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The External Investing Group ("XIG") provides investors with investment and advisory solutions, across leading hedge fund managers, private equity funds, real estate managers, public equity strategies and fixed income strategies. XIG manages globally diversified programs, targeted sector-specific strategies, customized portfolios, and a range of advisory services. Our investors access opportunities through new fund commitments, fund-of-fund investments, strategic partnerships, secondary-market investments, co-investments, and seed-capital investments. With over 350 professionals across 11 offices around the world, XIG provides manager diligence, portfolio construction, risk management, and liquidity solutions to investors, drawing on Goldman Sachs' market insights and risk management expertise. We extend these global capabilities to the world's leading sovereign wealth funds, pension plans, governments, financial institutions, endowments, foundations, and family offices, for which we invest or advise on over $300 billion of alternative investments, public equity strategies and fixed income strategies.
Job Description:
- Assist in identifying, measuring, and managing both third-party investment advisors investment risk and Fund of Funds portfolio level risks across public markets (hedge funds and long-only funds) within the Firm's External Investing Group (XIG)
- Actively participate in the diligence of third-party investment advisors with particular emphasis upon the risk management function
- Create customized risk report for portfolios and proactively explore and develop new tools and approaches to track, understand and analyze risk exposure and performance of portfolios
- Work closely with risk analytics vendors, senior risk managers and portfolio managers in refining, updating, and developing risk frameworks, models, and analytics used for evaluating and monitoring XIG invested third-party investment advisors and portfolios
- Ensure effective execution and supervision of the agreed upon manager and portfolio level risk management processes and protocols by regular interaction with relevant stakeholders
- Communicate analytical results, diligence observations and conclusions to portfolio managers, clients and other stakeholders verbally and through written memos and presentations
Desired Skills/Qualifications:
- Highly motivated and intellectually curious individual with 2-4 years of relevant industry experience related to alternative investments, market risk management or quantitative risk modeling and analytics
- Demonstrate an interest in understanding financial markets, risk, and investment management and great attention to details
- Excellent quantitative and analytical skills; strong academics in a quantitative discipline or finance major preferred; programming skills in Python, R or Excel VBA preferred
- Strong communication, presentation, and interpersonal skills
- Experience with one or more of the following systems strongly preferred: Lightkeeper, GS Marquee/Plottool, MSCI RiskMetrics, Bloomberg PORT
- CFA or FRM, or progress towards those certifications preferred