CWM - Private Wealth Management, Managed Strategies, Portfolio Manager/Trader, Vice President - New York

Location(s) US-NY-New York
Job ID
2021-77428
Schedule Type
Full Time
Function(s)
General
Region
Americas
Division
Consumer and Wealth Management
Business Unit
Equity Solutions Group
Employment Type
Employee

MORE ABOUT THIS JOB

YOUR IMPACT

The Managed Strategies team within Consumer and Wealth Management ("CWM") is responsible for all discretionary solutions offerings for PWM clients. The team provides clients with unique discretionary strategy investment opportunities and manages $30bn of asset globally.

 

The team is currently seeking a Vice President to work as a member of the Portfolio Management team. The role will be aligned to the discretionary option overlay business working closely with the rest of the team to manage and trade option based strategies. The candidate will also be involved in the ongoing development of the team's offering and in technological projects. They will be liaising with technology teams, compliance, legal and other stakeholders to appropriately specify requirements for the team on a go-forward basis. 

 

Consumer and Wealth Management (CWM)

Across Consumer and Wealth Management (CWM), Goldman Sachs helps empower clients and customers around the world reach their financial goals. Our advisor-led wealth management businesses provide financial planning, investment management, banking and comprehensive advice to a wide range of clients, including ultra-high net worth and high net worth individuals, as well as family offices, foundations and endowments, and corporations and their employees. Our consumer business provides digital solutions for consumers to better spend, borrow, invest, and save. Across CWM, our growth is driven by a relentless focus on our people, our clients and leading-edge technology, data and design.

 

PWM

Goldman Sachs Private Wealth Management (PWM) specializes in creating comprehensive wealth management plans for high net worth individuals and families, as well as select institutions, including foundations and endowments. PWM Teams work one-on-one with clients to advise and deliver customized strategies drawn from our deep investment experience, diverse wealth management capabilities and global reach. Our Private Wealth Advisors (PWAs) deliver an unparalleled investment platform inclusive of the full product and service offerings of Goldman Sachs and beyond, which may include tax and estate planning, philanthropic planning and private banking and lending services. As client needs evolve, this close relationship allows the team to off r complementary services and new opportunities by leveraging the resources of Goldman Sachs and beyond.

 

OUR IMPACT

The Managed Strategies team partners with clients to identify investment objectives and implement differentiated equity strategies in order to tailor portfolios to meet both strategic and tactical goals, while maintaining a key risk management focus. The team specializes on 2 key platforms – an option writing strategy, GOAS (Goldman Option Advisory Service) as well as a structured index investment platform, Beta+. The team also creates customized options overlay solutions to meet clients' risk/return goals and investment objectives.

RESPONSIBILITIES AND QUALIFICATIONS

HOW YOU WILL FULFILL YOUR POTENTIAL

  • Actively managing option portfolios alongside senior portfolio managers and traders
  • Executing and booking option trades across different markets: OTC, listed, Index and Single Stock
  • Daily review of option positions and discussion of trade ideas
  • Manage relationships with internal teams (compliance, legal, operations, technology, sales) as well as external broker-dealers
  • Communicating updates of ongoing strategies/recommendations
  • Working on wide-ranging projects such as developing new strategies to increase the discretionary offering or streamlining processes and improving the technological infrastructure

 

QUALIFICATIONS

 

SKILLS & EXPERIENCE WE'RE LOOKING FOR

  • 5 years+ of capital markets experience; equity derivatives and risk management background
  • Strong understanding of options and financial markets knowledge
  • Excellent Excel skills, preferably with VBA programing
  • Strong interpersonal and communication skills
  • Attention to detail and organizational skills
  • Motivated team player who can contribute in a cohesive team environment
  • Independent thinker who is logical and analytical

 

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



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Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity