Portfolio Management at Goldman Sachs — BranchFactor

Original posting

Job Summary & Responsibilities
Goldman Sachs Asset Management’s Quantitative Equity Solutions team is a fast-growing group which oversees more than $300BN across over 60,000 customized equity portfolios, Exchange Funds, Mutual Funds and ETFs. The Quantitative Equity Solutions group delivers investment solutions to Ultra High Net Worth, Institutional and Retail clients in order to address investor needs and goals including: tax management, risk management, value alignment, yield enhancement, customization and beyond.

As a focal point for one of the division’s key priority initiatives, the team operates in an entrepreneurial environment but with the resources of a large organization. A core focus for the team is managing cutting-edge investment strategies and innovating new investment capabilities that can transform the asset management industry. We design and employ highly-scalable portfolio management systems to create equity-based investment strategies to meet client investors needs. Current investment solutions range from tax managed offerings, long/short strategies, single stock diversification, income based strategies, factor based investing, values alignment and environmentally oriented portfolios - with more strategies under development.

The Portfolio Management team is responsible for research, portfolio construction and portfolio implementation of the investment strategies managed by the Quantitative Equity Solutions team. Responsibilities include research into investment strategy development, process enhancements and strategy improvements, as well as portfolio construction and portfolio implementation. Portfolio managers works closely with client portfolios managers, engineers, operations, controllers, compliance, and product managers. Responsibilities also include collaborating on new investment strategies and digital tools we are developing. Our team is energized by leveraging technology to create scale and customization across our entire business and deliver an excellent client experience with industry leading investment solutions and performance. Our team operates in a fast-paced environment that welcomes individuals who have a background and demonstrated interest in portfolio management, investment research and client collaboration.

The Vice President (Long/Short PM) role within the Portfolio Management team will specifically focus on long/short equity research and portfolio implementation.

Responsibilities:

Manage long/short portfolios daily, monitoring risk exposures, margin utilization, leverage, and short locates while ensuring adherence to each account’s mandate and investment guidelines
Oversee the trade lifecycle for long and short positions (e.g. corporate actions, booking, collateral flows, etc.) partnering with middle office, operations, and prime brokers
Work with technologists, strategists, and researchers to enhance portfolio construction, risk monitoring, performance attribution, and implementation tools (OMS, Dashboards, etc.) for long/short portfolios
Help launch new and innovative mandates in existing or new investment vehicles
Contribute to thought leadership, highlighting our strategies’ effectiveness across different client contexts
Consider tax-awareness throughout research and portfolio implementation including awareness of US tax regulations relevant to long/short equity investing
Ensure compliance with all internal and external rules and regulations

Qualifications:

5+ years of equity portfolio management experience, preferably with long/short portfolios and quantitative investment strategies
Undergraduate and/or graduate degree in mathematics, computer science, financial engineering, or other STEM-related background
Computer programming experience with a focus on portfolio implementation (e.g., Python, MATLAB, R, etc.)
Creative, diverse problem-solving skills, solid economic intuition, and good commercial instinct
Exceptional attention to detail, careful/thorough, well organized, effective time management
Thrive in a team-oriented and collaborative environment and brings a great attitude to work
Quantitative equity research experience is a plus
Excellent communication skills

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