Asset & Wealth Management, Multi-Asset Solutions: Portfolio Construction and Manager Research, Vice President - New York

Goldman Sachs•New York, NY

19h•$125,000 - $290,000•Onsite

About The Position

Goldman Sachs Asset & Wealth Management offers a career opportunity to help clients globally realize their potential. As part of one of the world's leading asset managers with over $2 trillion in assets under supervision, you will participate in exciting investment opportunities, collaborate with talented colleagues, and build client relationships. The culture values integrity and transparency, fostering a diverse team passionate about their craft, clients, and sustainable success. Goldman Sachs Asset & Wealth Management combines traditional and alternative investments, providing a dedicated partnership and focus on long-term performance. As a primary investment area within Goldman Sachs, it offers investment and advisory services for various institutional and individual clients. Multi Asset Solutions (MAS) is a multi-asset class investing group within Asset & Wealth Management. MAS manages customized multi-asset class portfolios and funds for institutional clients, including US and international pension plans, insurance balance sheets, endowments, foundations, healthcare institutions, and sovereign wealth funds. The team consists of professionals with diverse investment backgrounds specializing in designing and implementing customized multi-asset class portfolios. They utilize rigorous techniques in strategic and dynamic asset allocation, asset-liability analysis, portfolio design and implementation, risk management, and portfolio reporting and analytics. The team has been managing customized multi-asset class mandates since 1995.

Requirements

~10 years of experience in portfolio analytics, including risk analysis and risk modeling.
Familiarity with topics such as beta, volatility, tracking error, VaR, and factor exposures.
Detail-oriented and organized with the ability to manage multiple tasks in a fast-paced environment.
A self-starter able to work independently and thrive in a team environment.
Risk management and control orientation.
Excellent project management skills.
Excellent writing and communication skills.
Ability to communicate investment strategies and rationales to audiences of varying levels of sophistication.

Responsibilities

Research and drive portfolio construction best practices for multi-asset portfolios, including risk budgeting, active vs passive, benchmark selection, and active manager attribution.
Advise Portfolio Managers on aligning client-specific portfolios with best practices, or deviating from them, particularly within MAS' Third Party Wealth (TPW) channel.
Develop manager selection short lists for TPW for various asset classes, utilizing GSAM's proprietary and open architecture platforms.
Analyze client-directed managers not on GSAM's platform, assessing risk characteristics and track record, and advise Portfolio Managers on their consideration in overall portfolio construction.
Monitor and report on performance from Portfolio Construction & Manager Research to key internal stakeholders (Portfolio Managers, Risk, CIO's), identifying and driving action items for improvement.
Support the development of client materials related to portfolio construction, manager research, and performance.
Oversee Product Catalog, MAS' repository for product and manager information, ensuring correct modeling of managers and products considering benchmark, risk exposures, and active manager assumptions.
Liaise with engineers on the development and enhancement of Product Catalog to drive scale and efficiency across MAS, setting and driving development priorities.