Multi-Asset Solutions, “MAS” is an investing group within the Asset and Wealth Management Division 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 investm... more details
Job Summary & Responsibilities:
Multi-Asset Solutions, “MAS” is an investing group within the Asset and Wealth Management Division 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.
Role:
The successful candidate would become a member of our investment team based in New York responsible for fundamental credit research and analysis in support of multi-asset portfolio construction and generation of cross sector relative value views for our Insurance OCIO portfolios. This role is critical to the continued success of our multi-asset insurance platform and will coordinate closely with MAS’ research, portfolio management and client teams. This role is highly analytical and detail-oriented, and serves as the critical bridge between MAS’ research, portfolio management and client teams.
Core Responsibilities:
Conduct fundamental credit analysis across public credit sectors (e.g., corporate, ABS), with a special focus on structured credit (e.g. CLOs, CMBS) and ability to translate the skillset into private credit universe (e.g. whole loan, private ABS)
Evaluate relative attractiveness of corporates, structured products and private credit across return, yield, and risk
Create and monitor risk management framework and dashboard for credit allocations especially structured and private assets
Work closely with MAS portfolio management and client teams to construct long term strategic asset allocations for Insurance OCIO portfolios by providing key inputs on credit asset allocation, taking into account client specific constraints
Recommend actionable portfolio construction enhancements and opportunistic trades across the credit spectrum utilizing individual research and the resources of the broader organization
Run weekly Insurance portfolio management meetings to summarize latest MAS house views, market landscape and bring forth relevant relative value credit views based on candidate’s own research
Present with client teams to clients, when needed, on specific credit research and portfolio construction topics
Coordinate with underlying fixed income managers to understand positioning and views within Insurance portfolios and use as input in overall multi-asset credit view generation
Evaluate strategies, both GS proprietary and third-party, across credit spectrum to determine suitability for MAS’ Insurance client base
Lead investment projects to identify new strategies that may be suitable for the MAS Insurance client base, including coordination with different teams within and outside of MAS
Basic Qualifications:
At least 6 years of relevant credit research and portfolio management experience, with successful track record of generating positive return from candidate’s views
Master's Degree or equivalent preferred
Background in structured credit research preferred
Experience working with Insurance portfolios preferred
Experience in working within a dynamic, global team; demonstrated leadership potential
Advanced degree or CFA designation preferred
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
Consistently positive attitude and eagerness to work in a team-centric environment
Risk management and control orientation
Excellent project management skills
Excellent writing and communication skills
Strong interest in the financial markets, good investment awareness, intermediate or advanced knowledge of asset allocation principles and of factor investing approaches
Ability to communicate investment strategies and rationales to audiences of varying levels of sophistication
Proficient in Excel and PowerPoint; Bloomberg, Reuters, and financial data systems knowledge preferred
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.
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