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Asset & Wealth Management, MAS, Third Party Wealth, Models PM, Vice President

GOLDMAN SACHS & CO. LLC

NEW YORK, NYJobSeen 5 days agoSeen in employer's feed 5 days ago

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At a glance

Compensation
No compensation found
Location
NEW YORK, NY
Work Authorization
Not specified

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Job overview

Goldman Sachs is seeking a Vice President for its Third-Party Wealth Portfolio Management team within Multi-Asset Solutions. The team manages multi-asset funds, retail models, and investment strategies tailored to client objectives and constraints. The role focuses on flagship and custom models, portfolio management, systematic investment processes, quantitative analytics, and initiatives supporting the growth of the retail models business.

Skills & qualifications

RequiredNice to have

Skills

Portfolio ManagementTrade StructuringSystematic Portfolio ManagementInstrument AnalysisPortfolio Trading AlgorithmsPythonQuantitative AnalyticsRisk AnalyticsPortfolio ConstructionPerformance AttributionInvestment Strategy ReviewProject Leadership

Full job description

MULTI-ASSET SOLUTIONS OVERVIEW:Multi Asset Solutions (MAS) is a multi-asset class investing group that sits within Asset & Wealth Management (AWM) at Goldman Sachs. MAS designs and develops comprehensive investment management solutions customized to meet the investment objectives for clients. These solutions bring together state-of-the-art techniques for multi-asset portfolio design and implementation and reflect proprietary research and analytics conducted by the MAS team. With investment professionals across the globe, MAS has invested or advised on multi-asset class mandates for some of the world's leading corporations, sovereign wealth funds, pension plans, governments, financial institutions, endowments, foundations, family offices, RIAs and other wealth advisors since 1995.Role:We are seeking a Vice President to join the Third-Party Wealth Portfolio Management (TPW PM) team within MAS. The TPW PM team is responsible for management and construction of multi-asset class funds, retail models and investment strategies in line with MAS investment philosophy, client guidelines and regulatory constraints. Models are families of portfolio asset allocations recommendations, including product-specific allocations in each asset class, that are provided to retail investment advisors through a turnkey asset management platform (TAMP), third-party brokerage wirehouse, a retail bank, or other platforms. Models are a high-growth, high-visibility area of the firm and are often highly customized to the specific needs of the third-party aggregator or advisor base. The successful candidate would join as a member of the Portfolio Management Team. They would focus on managing portfolio activities related to Goldman Sachs flagship and custom models and driving key initiatives across our fast-growing retails models business. This role is highly quantitative, analytical and detail-oriented, with emphasis on ability to scalably manage and evaluate investment exposures across many portfolios, asset classes and investment strategies.Core Responsibilities: * Manage multi-asset class portfolios in line with client guidelines, internal investment policies, and regulatory constraints. Exercise leadership qualities and judgment, with expectation of being able to perform key portfolio management responsibilities within a few months after joining. * Structure and implement trades to facilitate portfolio activity across asset classes and product types (equities, fixed income, currencies, alternatives) and instruments (futures, forwards, ETFs, options, swaps, funds). * Lead creation of a systematic portfolio management process to implement strategic and tactical investment views with customization and scale across the entire models business. * Analyze and determine optimal instruments based on portfoliospecific, regulatory, and market considerations. * Engage with Engineering teams to design and enhance one-to-many portfolio trading algorithms, systems and infrastructure for a systematic investment process, including technical design specifications and testing. * Design and maintain quantitative investment and risk analytics, leveraging Python and related tools to enhance portfolio construction, implementation, risk oversight, performance attribution and implementation capabilities. * Review new portfolio designs and investment strategies for client suitability, implementation feasibility, and ongoing management, and provide portfolio management reviews and signoffs for new business and investment opportunities. * Serve as the investmentside oversight lead for complex portfolio events, including onboarding new client mandates and executing portfolio restructurings, requiring coordination across internal investment teams, sales, external stakeholders, and model platforms. * Contribute to thought leadership, highlighting our strategies' effectiveness across different client contexts. * Lead and oversee projects aimed at enhanc

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