CWM, PWM, Equity Structuring, Structured Notes Portfolio Manager & Trader, Associate/Vice President - New York

Location(s) US-NY-New York
Job ID
2021-83700
Schedule Type
Full Time
Level
Vice President
Function(s)
Portfolio Management
Region
Americas
Division
Consumer and Wealth Management
Business Unit
Equity Structuring
Employment Type
Employee

MORE ABOUT THIS JOB

YOUR IMPACT

Equity Structuring is currently seeking a Senior Associate or Vice President to work as part of the Structured Notes Portfolio Management team to support the existing business, assist with the implementation of various growth initiatives, and maintain portfolio management responsibilities of a separately managed account notes program.

 

OUR IMPACT

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 offer complementary services and new opportunities by leveraging the resources of Goldman Sachs and beyond.

 

The Equity Structuring group (“EQS”) sits within Private Wealth Management (“PWM”) and delivers tailored and holistic equity-based solutions to global wealth management and cross-divisional clients through customized structuring and execution services. EQS provides clients with single stock risk management expertise and thematic investment opportunities across a variety of implementation vehicles such as public equity trades, listed options, structured notes, and over-the-counter (OTC) derivatives on both an agency and principal basis.

 

The Structured Notes (“SN”) team sits within the Equity Structuring group and works with private wealth advisors to develop customizable structured investments tailored to meet a specific investor’s objectives. SN manages a discretionary portfolio of notes within separately managed accounts (“SMA”) for PWM and external clients, providing a full suite of structured note lifecycle management.

RESPONSIBILITIES AND QUALIFICATIONS

HOW YOU WILL FULFILL YOUR POTENTIAL  

You will work as part of the Structured Notes Portfolio Management team. You will play a direct and key role in the execution, risk management, and trade idea generation of customized structured notes for private wealth clients as well as portfolio management responsibilities of the Beta+ program. Beta+ is a discretionary, managed structured notes stategy offered to both private wealth clients and third-party networks. The Portfolio Management team is responsible for building and maintaining a portfolio of structured investments in SMA format. Additionally, you will work closely with engineering, strats, legal, and marketing teams on a daily basis to evolve and grow the business.

 

Principal Responsibilities

  • Develop new structured note trade implementations relevant to current market dynamics and proactively seek out ways to
  • Portfolio management of separately managed accounts involving investment planning, lifecycle maintenance, and risk oversight
  • Interface with private wealth advisors, third-party distributors, and internal stakeholders on live trade execution
  • Collaborate with Technology to drive automation initiatives to further improve scale and efficiencies
  • Contribute to ongoing platform expansion and technology development through collaboration with business partners, trading and other stakeholders

SKILLS & EXPERIENCE WE’RE LOOKING FOR

Basic Qualifications

  • Strong attention to detail, time management and organizational skills
  • Motivated team player who takes initiative
  • Strong interpersonal and communication skills (written and verbal)
  • Demonstrated interest in public equity markets
  • Adept at developing and maintaining internal and external relationships
  • High degree of personal accountability, good judgement and ability to deal with sensitive and/or confidential information
  • Ability to work in a fast-paced environment and think clearly under pressure
  • Creative approach to problem solving
  • Ability to think independently and analytically within a defined framework
  • Strong Microsoft Office skills (Excel, Access, VBA)

 

Preferred Qualifications:

  • Securities Industry Essentials (SIE), Series 7 & Series 63 exams (or must obtain them within 3 months)
  • Prior experience with derivatives pricing and modeling, experience with structured notes specifically is a plus

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., 2021. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity