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.
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
RESPONSIBILITIES AND QUALIFICATIONS JOB SUMMARY & RESPONSIBILITIES YOUR IMPACT Do you have passion for the financial markets, the desire to work closely with clients, and the ability to think outside the box? We are seeking an Associate or Vice President who can help manage multiple asset class discretionary mandates.
OUR IMPACT Goldman Sachs Private Wealth Management (PWM) secures, develops and manages relationships with high net worth individuals, their families, family offices and foundations. PWM assists clients with building and preserving their financial wealth by creating and implementing long-term asset allocation within the context of each client's particular risk tolerance, and by providing access to innovative investment ideas and opportunities. PWM professionals develop customized investment strategies and offer a full array of wealth management products and services, including private banking and trust company services.
The Portfolio Management Group (PMG) is a dedicated and experienced team that is responsible for managing multi-asset class discretionary mandates primarily for institutional clients. This team brings together the independent investment strategy of the Investment Strategy Group (ISG), a rigorous investment process and a broad range of implementation options, enabling them to construct risk-focused portfolios designed specially to each client's unique considerations. PMG is seeking an Associate or Vice President who can provide portfolio/relationship management expertise to Private Wealth Management (PWM) teams by focusing on client service, serving as a key liaison to Private Wealth Advisors, and assisting in managing the investment process. The individual will be a main point of contact for PWM teams with respect to new business solicitations, liaising with legal in negotiating investment management agreements, and managing general on-going client needs. This is a client-facing role which requires comfort in presenting to audiences with varying degrees of financial sophistication. Responsibilities will include portfolio management, creation/management of marketing materials, periodic/ad hoc reporting, and other client support functions. Travel for client-facing activities is required.
HOW YOU WILL FULFILL YOUR POTENTIAL
Serve as a client-facing contact to clients / clients' advisors
Assist in managing portfolio implementations, on-boarding discussions, and changes to investment management agreements
Assist on projects related to new business development and team strategic planning
Serve as key liaison to other areas supporting the PMG business including Legal, Compliance, and Technology
Manage generation and presentation of client reports including quarterly reviews, performance attribution, and other ad hoc requests
Execute process and reconcile trading and other investment related transactions.
Analyze and reconcile team's business
Lead or participate in efforts to improve efficiencies
WHERE WILL YOU MAKE AN IMPACT The US Portfolio Management Group business covers clients located throughout the United States
SKILLS & EXPERIENCE WE'RE LOOKING FOR
Minimum Bachelor's degree (U.S. or equivalent)
At least 3 years of investment experience
Demonstrated interest in and knowledge of financial markets
Excellent communication skills, both oral and written
Strong interpersonal/leadership skills and a passion to engage with clients
Must be comfortable presenting to audiences of varying sizes and sophistication
Attention to details, patience, and ability to multi-task under pressure
Collaborative and team work oriented
Proficiency in Windows Technology
FINRA Series 7 and 63 licenses (must obtain within the first 3 months)
ABOUT GOLDMAN SACHS The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.