Duties: Associate with Goldman, Sachs & Co. in New York, NY. Interact with Investment Management Division (IMD) Business Partners on pricing proposals for new and existing investment management opportunities. Develop asset based fee pricing proposals for new business opportunities in all asset classes (equity, fixed income, multi-product and quant strategies). Analyze asset based fee pricing of Goldman Sachs Asset Management (GSAM) products versus peer competitors. Analyze economics of alternative performance fee structures for new business opportunities, and propose viable alternatives to the Sales and Product teams. Project the performance fee revenue that could be earned in the current and future years from all of IMD’s existing performance fee mandates, and analyze actual performance fee revenue earned versus projections. Calculate and record the actual performance fee revenue that is earned from each of IMD’s customized performance fees at the end of each mandate’s performance fee calculation period. Track and maintain metrics for the complete population of Mandates with a customized Performance Fee component within GSAM databases. Monitor compliance with Most Favored Nations (MFN) pricing agreements to ensure that clients are receiving the lowest pricing offered for their MFN mandates versus comparable mandates. Generate performance fee client reporting, and calculate and provide performance fee estimates to GSAM Controllers. Reconcile GSAM and Custodian/third party performance data, such as valuations, portfolio returns, and benchmark returns, to ensure use of accurate data in the calculation of performance fees.
Work Schedule: 40 hours per week (9:00 a.m. to 6:00 p.m.)
Job Requirements: Bachelor’s degree (U.S. or equivalent) in Economics, Finance, Mathematics, Statistics or related field. Will accept 3 or 4 year degree. Three (3) years of experience in the job offered or in a related financial services position. Prior work experience must include: Utilizing knowledge of Performance Fee Calculation Methodologies (High Water Mark, Dollar Alpha/Return Metric) and the nuances within each methodology; Utilizing knowledge of Fixed Fee and Performance Fee Pricing Mechanics / Modeling; Using quantitative methods and tools to assess the impact of investment decisions on performance and related investment management fees; Calculating projections and conducting performance fee analysis under different future performance scenarios; Working with Excel, including analyzing voluminous data to create reports and performing analysis using pivot tables, formulas, charts, filtering, data validation and other scenario analysis tools; Managing multiple tasks in a fast-paced team-oriented environment, target timelines, and responding quickly to ad hoc analysis requested by stakeholders and clients; Preparing customized performance fee calculations related to investment management for clients and ensuring accuracy of associated data and calculations; Articulating complex performance fee analysis to clients and their professional advisors; Experience with process enhancement, and recognition and resolution of data discrepancy; Liaising with legal, compliance controllers, technology and multiple operations groups to understand business requirements and helping deliver investment management solutions to clients; Utilizing analytical and problem solving skills in relation to Fixed Fee and Performance Fee Pricing.
QUALIFIED APPLICANTS: Apply at: https://careers.gs.com. Under ‘Experienced Professionals,’ click on ‘Apply Now.’ If New User, Click on ‘Register Now’. Upon completion, an email with a link will be sent to you. Click or paste link into browser and log-in. On Welcome screen, enter job code into “Keywords:” field and click on “Search”. Click on the job from the results to apply. Complete application tabs, then click ‘Submit’. If already registered, log-in and follow above instructions to submit an application. NO PHONE CALLS PLEASE.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet. © The Goldman Sachs Group, Inc., 2015. All rights reserved.
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