Asset & Wealth Management, Public, XIG- Long Only Risk, Vice President, New York

The Goldman Sachs Group
$2 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions, and building meaningful relationships with your clients
United States, New York, New York
200 West Street (Show on map)
Jan 07, 2025
Asset & Wealth Management A career with Goldman Sachs Asset & Wealth Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world's leading asset managers with over $2 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions, and building meaningful relationships with your clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset & Wealth Management provides clients around the world with a dedicated partnership and focus on long-term performance. As primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals. The External Investing Group ("XIG") provides investors with investment and advisory solutions, across leading hedge fund managers, private equity funds, real estate managers, public equity strategies and fixed income strategies. XIG manages globally diversified programs, targeted sector-specific strategies, customized portfolios, and a range of advisory services. Our investors access opportunities through new fund commitments, fund-of-fund investments, strategic partnerships, secondary-market investments, co-investments, and seed-capital investments. With over 350 professionals across 11 offices around the world, XIG provides manager diligence, portfolio construction, risk management, and liquidity solutions to investors, drawing on Goldman Sachs' market insights and risk management expertise. We extend these global capabilities to the world's leading sovereign wealth funds, pension plans, governments, financial institutions, endowments, foundations, and family offices, for which we invest or advise on over $300 billion of alternative investments, public equity strategies and fixed income strategies. Responsibilities: Assist in identifying, measuring, and managing both investment risk of third-party investment managers and Fund of Funds portfolio level risks across public markets within the Firm's External Investing Group (XIG) Create customized risk report for portfolios and proactively explore and develop new tools and approaches to track, understand and analyze risk exposure and performance of portfolios Work closely with risk analytics vendors and internal stakeholders in refining, updating, and developing risk frameworks, models, and analytics used for evaluating and monitoring XIG invested third-party investment managers and portfolios Ensure effective execution and supervision of the agreed upon manager and portfolio level risk management processes and protocols by regular interaction with relevant stakeholders Support the investment and relevant regulatory guideline monitoring, compliance and reporting function across XIG public markets. Respond to both ongoing and ad-hoc risk related requests from the various business areas within XIG and the broader Goldman Sachs Asset Management organization. Participate in manager calls/visits as needed for risk/guideline monitoring and/or investment due diligence purposes. Communicate analytical results, diligence observations and conclusions to internal teams, clients and other stakeholders verbally and through written memos and presentations. Desired Skills/Qualifications: Experience of working in large asset managers' risk management function strongly preferred Highly motivated and intellectually curious individual with over 5-years of relevant industry experience related to market risk management or quantitative risk modeling and analytics Demonstrate an interest in understanding financial markets, risk, and investment management and great attention to details Excellent quantitative and analytical skills; strong academics in a quantitative discipline or finance major preferred; programming skills in Python, R or Excel VBA preferred Strong communication, presentation, and interpersonal skills Experience with one or more of the following systems preferred: Axioma/Barra factor model, GS Marquee/Plottool, MSCI RiskMetrics, Bloomberg CFA or FRM, or progress towards those certifications 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.