Job Duties: Associate with Goldman Sachs & Co. LLC in New York, New York. Serve as a portfolio manager within the Quantitative Equity Solutions portfolio management team, with responsibility over design and implementation of systematic investment strategies. Portfolio management of over 30,000 separately managed accounts including facilitating day-to-day optimizations, performance monitoring, and strategy formulation, including signing off on trades prepared by more junior portfolio managers. Identify improvements to the strategic design and optimization of systems and infrastructure that implement the team's investment strategies. Portfolio construction and execution of cash equity and derivative instruments across global markets. Perform investment research and portfolio analysis independently including investment style, sector, and regional tilts and sensitivities, client specific customizations, and alternative indexing, with a tax-aware overlay. Work collaboratively with sales force to arrive at creative solutions for our clients, with focus on tax-aware and income generating strategies. Lead research improvements to enhance business platform and infrastructure buildouts through collaboration with Technologists and Strategists. Provide trainings to junior team members.
Want more jobs like this?
Get Software Engineering jobs in New York, NY delivered to your inbox every week.
Job Requirements: Bachelor's or Master's degree (U.S. or foreign equivalent) in Finance, Business Administration, Mathematics, Statistics, Operations Research, Financial Engineering, Computer Science, Computational Finance, or a related field AND three (3) years of experience with a Bachelor's degree or one (1) year of experience with a Master's degree in the job offered or in a related role. Prior experience must include three (3) years of experience with a Bachelor's degree or one (1) year of experience with a Master's degree with: determining trades for systematic equity investment strategies using portfolio optimization, risk models, transaction cost models and client specific tax considerations, trading cash equities, equity index futures and options, FX spot and forwards; applying scripting languages (such as Matlab or Python) and statistical techniques (such as regression analysis) in research projects while developing new investment strategies or enhancing existing investing strategies, systems, and infrastructure; preparing customized analyses for wealth advisors, including options for diversifying concentrated, appreciated holdings using different investment vehicles including separately managed accounts and partnerships; working with engineering teams to coordinate the implementation of new investment strategies or systems, including detailed technical design specifications, code review and testing; implementing scalable investment strategies for retail end clients, including exception-based review of inputs and outputs of a systematic investment strategy and systematic processing of client requests; and preparing content to illustrate the benefit of tax aware investing strategies and presenting to senior management.
Salary Range: The expected annual base salary for this New York, New York, United States-based position is $125,000 - $225,000. 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: https://www.goldmansachs.com/careers/discover/benefits-summary-US.pdf
©The Goldman Sachs Group, Inc., 2024. All rights reserved. Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity.