Portfolio Construction and Manager Research Vice President at Goldman Sachs — BranchFactor

BranchFactor Summary

The original posting with the fluff stripped out

Expected experience: 5–10 yrs
Management level: Individual contributor

Compensation

Base salary	US$125,000 – US$290,000 / yr

Role speciality

Multi Asset Solutions Manager Research Portfolio Construction

Original posting

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 $2 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.

Multi-Asset Solutions

Multi Asset Solutions (MAS) is a multi-asset class investing group that sits within the Asset & Wealth Management business at Goldman Sachs. MAS is responsible for managing customized multi-asset class portfolios and funds in a discretionary manner for institutional clients. Our clients include US and international corporate and public pension plans, insurance balance sheets, endowments, foundations, healthcare institutions, and sovereign wealth funds. 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 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 as a committed partner to large institutions globally.

Summary of Role:

The successful candidate would become a member of our investment team, as part of the Portfolio Construction and Manager Research group within MAS. This role is critical to the continued success of our multi-asset platform and will coordinate closely with MAS’ research and client teams as well as product teams across the Asset & Wealth Management division. Specifically, the role would be responsible for manager research within MAS’ model delivery business for our US Third Party Wealth channel. This role is highly analytical and detail-oriented.

Core Responsibilities:

Research and drive portfolio construction best practices for multi-asset portfolios, including but not limited to risk budgeting, active vs passive, benchmark selection, and active manager attribution.
Advise Portfolio Managers on how to align client-specific portfolios with best practices, or else how and when to deviate from best practices - particularly within MAS' Third Party Wealth (TPW) channel.
Develop manager selection short lists for TPW for various asset classes, based on GSAM's proprietary as well as open architecture platform.
Analyze client-directed managers that may not be on GSAM's platform, assessing risk characteristics and track record, and advise Portfolio Managers on how to take such managers into consideration when constructing the overall portfolio.
Monitor and report on performance arising from Portfolio Construction & Manager Research to key internal stakeholders (Portfolio Managers, Risk, CIO's). Identify and drive action items to improve performance.
Support the development of client materials (as needed) related to portfolio construction, manager research, and performance.
Oversee Product Catalog, MAS' repository for product and manager information. Ensure managers and products are modeled correctly, taking into consideration 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. Set and drive priorities for development, with engineers.

Qualifications:

5 to 10 years of experience in portfolio analytics, including risk analysis and risk modeling, and 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

Salary Range
The expected base salary for this New York, New York, United States-based position is $125000-$290000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.