Asset & Wealth Management, Public, Multi-Asset Solutions, Model Portfolio Portfolio Manager, Associate - New York

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. It 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 an associate to serve as a new member of the global 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 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 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:
* Managing multi-asset class portfolios in line with client guidelines, internal investment policies, and regulatory constraints. Exercising leadership qualities and judgment, with expectation of being able to perform key portfolio management responsibilities within a few months after joining.
* Structuring trades to facilitate portfolio activity across asset classes and product types (equities, fixed income, currencies, alternatives) and instruments (futures, forwards, ETFs, options, swaps, funds).
* Working closely with the Central Trading Desk and external parties overseeing trade execution.
* Working closely with other MAS teams to execute strategic and tactical investment ideas with consistency and scale, including determining optimal instruments to trade based on portfolio-specific, regulatory and market- related considerations.
* Serving as investment-side oversight lead for complex portfolio events, including launch and onboarding of new model portfolios, client mandates and portfolio restructurings, requiring coordination across multiple internal stakeholder teams throughout the firm, as well as external model business partners.
* Enhancing business scale by leading and overseeing projects aimed at improving trading and risk management processes, infrastructure and analytics to further accelerate the team's ability to meet growth objectives, execute on portfolio management activities and mitigate trading risks.
* Designing investment and risk analytics for retail models and facilitating model delivery to retail platforms.
* Creating and improving investment and portfolio construction frameworks across asset classes, enhancing expertise in terms of investment alternatives.
* Reviewing new portfolio design and investment strategies for client portfolio suitability, with specific focus on our ability to effectively manage and implement such portfolios and strategies.

Basic Qualifications:
* 2-5 years of investment management experience, with successful track record of employing qualities and functional abilities referenced above
* Detail-oriented and organized with the ability to manage multiple tasks in a fast-paced environment
* Quantitative analysis and skillset; strong programming skills in at least one language such as Python
* Out-of-box thinker with intelligent, creative, problem-solving abilities
* Proven leadership and project management skills; experience working in global, cross-regional, cross-functional team
* A self-starter with consistently positive attitude and eagerness to thrive in a team environment
* Strong interest in the financial markets, good investment awareness, intermediate or advanced knowledge of asset allocation principles and of factor investing approaches
* Ability to communicate investment strategies and rationales to audiences of varying levels of sophistication
* Excellent writing and communication skills
* Risk management and control orientation
* Proficient in Excel and PowerPoint; Bloomberg, Reuters or financial data systems knowledge preferred
* Advanced degree or CFA designation preferred

ABOUT GOLDMAN SACHS

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