• CIMD – Digital Investing Team – Portfolio Management and Trading – Analyst/Associate – New York City

    Location(s) US-NY-New York
    Job ID
    2019-58256
    Schedule Type
    Full Time
    Level
    Analyst
    Function(s)
    Consumer Banking
    Region
    Americas
    Division
    Consumer and Investment Management Division
    Business Unit
    Wealth Management
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    CONSUMER AND INVESTMENT MANAGEMENT DIVISION (CIMD)

     

    The Consumer and Investment Management Division includes Goldman Sachs Asset Management (GSAM), Private Wealth Management (PWM) and our Consumer business (Marcus by Goldman Sachs). We provide asset management, wealth management and banking expertise to consumers and institutions around the world. CIMD partners with various teams across the firm to help individuals and institutions navigate changing markets and take control of their financial lives.

    RESPONSIBILITIES AND QUALIFICATIONS

    OUR IMPACT

     

    The CIMD Digital Investing Team is developing technology to extend its investment capabilities to a wide range of customers in an automated and scalable way. We design and build tools that are transforming the investing experience and extending our services to new client segments. We are a product driven team, composed of talented and passionate product managers, designers, an engineers working to change the landscape of investment management.

     

    WHY CIMD DIGITAL INVESTING

    • Work on some of the most complex technical and design challenges in technology and finance
    • Learn from the foremost experts in finance and technology who are diverse in their academic, ethnic, and social backgrounds
    • Benefit from ongoing training, development, and mentoring to advance in your career

    YOUR IMPACT

    Are you looking to apply your portfolio management and trading expertise to deliver positive and frictionless digital customer experiences? We are seeking an Analyst / Associate with a passion for financial markets and desire to work closely with portfolio managers and financial advisors to innovate and change the financial advice industry. A self-starter and a problem solver, you will serve portfolio management and trade execution functions of the business. You will learn from portfolio managers and financial advisors across the division and become a subject matter expert in portfolio management for multi-asset portfolios. You will play a critical role in helping to develop the roadmap and build a platform that can be used for various wealth segments, ranging from mass-affluent to high-net-worth individuals. This is a unique opportunity for entrepreneurially-minded candidates with a long-term view, who value the opportunity to help build new tools and platforms that can power differentiated and awesome experiences for our financial advisors and clients.

     

    HOW YOU WILL FULFILL YOUR POTENTIAL

    • Leverage your trading or operational background and experience to contribute to a growing business
    • Assist in the portfolio management (implementation and rebalancing) of client investment portfolios
    • Track and monitor performance of investment strategies offered on the platform
    • Identify opportunities to collaborate with other portfolio management teams in the division and adopt best practices
    • Establish relationship with business stakeholders to identify synergies, pitch ideas and create a roadmap for the platform
    • Work closely with the product team to understand the evolving product offering and anticipate the needs of the client segment

    RESPONSIBILITIES

    • Oversee daily portfolio management and trade execution responsibilities including cash flow management, account rebalancing and model maintenance
    • Closely liaise with internal operations teams and external vendors to ensure oversight of the reconciliation processes and controls
    • Take ownership of the order lifecycle, monitor portfolios and rebalance to predefined risk and construction parameters
    • Monitor the execution of orders via third-party brokers and platforms including execution quality review and onboarding new vendors
    • Act as first point of contact for portfolio management on issues raised by compliance, client service and operations regarding portfolios and/or trading
    • Perform attribution for client portfolios including monitoring financial markets
    • Take ownership of portfolio management for custom corporate programs including engagement with sales team and corporate partners, reporting and actively position the program
    • Develop an understanding of the needs of various affiliated business and their best practices in regards to portfolio construction, implementation and trade execution
    • Work closely with Technology, building upon and developing portfolio management functionality 

    SKILLS & EXPERIENCE WE’RE LOOKING FOR

    • Bachelor’s Degree required 
    • Strong interest in the financial markets and good investment acumen
    • 2+ years of prior experience in portfolio management and trading or related role
    • Preference for previous trading experience, particularly with ETFs and mutual funds
    • Experience with middle office job functions like custodian management, account opening and funding
    • Working knowledge of asset management compliance and investment guidelines
    • Experienced in working with highly capable engineering teams
    • Strong verbal and written communication skills
    • Ability to work in a fast-paced environment and think clearly under pressure
    • Very detail oriented, exceptional quantitative and analytical skills
    • Intelligent, creative, and good problem-solving abilities
    • Project management and organizational skills are a must 

    ABOUT GOLDMAN SACHS

    ABOUT GOLDMAN SACHS

    At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.

    We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.

    We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html



    © The Goldman Sachs Group, Inc., 2020. All rights reserved.
    Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity