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

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 $3 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 a 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.

Job Summary & Responsibilities:

Multi-Asset Solutions, "MAS" is an investing group within the Asset Management Division at Goldman Sachs. MAS is responsible for managing customized multi-asset class portfolios and funds, including discretionary mandates for US and international public pension plans, sovereign wealth funds and insurance companies and providing outsourced CIO services. The team is comprised of professionals with deep and varied investment backgrounds who specialize in designing and implementing customized multi-asset class portfolios. The team applies rigorous techniques to strategic and tactical 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 as a committed partner to corporate pensions, sovereign wealth funds, healthcare organizations, endowments, foundations, and government institutions.

Role:

The successful candidate would become a member our New York Portfolio Management team within MAS with focus on the Outsourced CIO channel and will be responsible for daily management of US and international pension portfolios in line with MAS investment philosophy, client guidelines and regulatory constraints. This role is highly analytical and detail-oriented, focusing on managing strategic and dynamic investment exposures across many asset classes and investment strategies.

Core Responsibilities:

• Managing multi-asset class portfolios in line with client guidelines, internal investment policies, and regulatory constraints. Develop investment judgment and expertise, with expectation of being able to perform key portfolio management responsibilities within a few months after joining.
• Trading across asset classes (equities, fixed income, currencies, alternatives) and instruments (futures, forwards, ETFs, options, swaps, funds).
• Managing portfolio risk across various investment vehicles and product desks, including exposure, currency and cash management, investment manager/vehicle oversight.
• Working closely with other MAS teams to implement dynamic asset allocation views with consistency and scale, including determining optimal instruments to trade based on fund-specific, regulatory and market-related considerations.
• Structuring trades across asset classes to manage the portfolio in line with hedging and flow considerations, in collaboration with GSAM's trading desk.
• Managing derivative-based overlay strategies to enhance risk management profile of overall portfolios and/or capture market risk premia.
• Analyzing portfolio risk and performance attribution and reporting findings to Senior Portfolio Managers on a weekly basis.
• Leading complex portfolio events, including onboarding of new client mandates, portfolio restructurings, requiring coordination across multiple internal investment teams throughout the firm, as well as external managers and trading counterparties.
• Lead investment and risk projects aimed at enhancing and scaling trading and risk management processes, infrastructure, and analytics to further empower the team's oversight over portfolio management activities and mitigate trading risks.

Basic Qualifications:

• Bachelor's Degree
• Advanced degree and/or CFA designation preferred
• 6-12 years of investment management experience, with successful track record of leading teams and employing qualities and functional abilities referenced above
• Ability to communicate investment strategies and rationales to audiences of varying levels of sophistication
• Experience in trading and managing risk with derivative instruments
• Positive attitude and eagerness to work in a team-centric environment
• High degree of investment awareness, including macroeconomic trends and implications for investing in a multi-asset class framework. Intermediate or advanced knowledge of asset allocation principles and of factor investing approaches
• Excellent writing and communication skills
• Excellent project management skills
• Creative, with good problem-solving abilities
• 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
• Proficient in Excel and PowerPoint; Bloomberg, Reuters or financial data systems knowledge preferred