Goldman Sachs Bank AG
Asset & Wealth Management, Wealth Investment Solutions, Exchange Funds Team, Ass
Goldman Sachs Bank AG, Chicago, Illinois, United States, 60290
Overview
Asset & Wealth Management, Wealth Investment Solutions, Exchange Funds Team, Associate - Chicago 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. Goldman Sachs Asset & Wealth Management delivers innovative investment solutions through a global, multi-product platform that offers clients the advantages that come with working with a large firm, while maintaining the benefits of a boutique. AWM is one of the pre-eminent investment management organizations globally. Critical to the success of AWM is our ability to leverage a global team of talented professionals and deliver continued innovation to meet our client’s evolving needs.
Job Summary & Responsibilities: The Wealth Investment Solutions Exchange Funds team is seeking a highly motivated individual to work as an Associate to help manage the Exchange Fund complex. The team provides tax efficient diversification solutions to high net worth clients owning highly appreciated equity positions. Product offerings are made available to some of the most important client relationships of both Goldman private wealth as well as our distribution partners. With a twenty-five-year plus history of alternative investment product structuring, client engagement and broad platform distribution, the Exchange fund solutions are one of AWM’s core alternative product offerings available across the street.
Role The successful candidate would become a member of the Exchange Funds team within our Wealth Investment Solutions business, responsible for helping in portfolio management, client engagement and operational design and infrastructure. This role is analytical and detail-oriented provides a multi-faceted opportunity to participate in the business development and portfolio management of the various alternative investment tax aware offerings within our franchise.
Core Responsibilities: Develop product knowledge of exchange funds and underlying structuring rules and regulations Engage with clients, advisors and distribution platforms to understand their specific needs and provide tax aware solutions Participate in product innovation, structuring and designing of new product offerings Participate in the creation of marketing materials and bespoke client studies Assist sales in fund specific inquires to deliver commercial outcomes Work with Engineering teams to design portfolio management algorithms and investment processes to support business Build an understanding of the interaction of the private and public assets within fund Work closely with the lead portfolio manager to manage client onboarding Responsible for regular fund maintenance (risk monitoring, credit facility servicing, etc.) Liaise with engineering teams to execute strategic roadmap for delivering a digital experience for our clients
Basic Qualifications: 3-7 years of asset management or wealth management experience Strong analytical and problem-solving skills with strong attention to detail Experience and background with quantitative techniques and investment strategies would be preferable Experience supporting exchange funds and/or experience in evaluating client portfolios and tax considerations a plus Strong interest in capital markets, asset management, and understanding of traditional and alternative asset classes Risk management and control orientation Team player, self-motivated; able to work in an autonomous, yet collaborative environment Well organized, proactive, decisive, and willing to take on more responsibility, with the ability to manage multiple tasks in a fast-paced environment Creative, with good problem-solving abilities Excellent communication and writing skills Ability to interact and build relationships with a wide variety of people
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. Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
Salary Range The expected base salary for this Chicago, Illinois, United States-based position is $80,000-$160,000. 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.
Healthcare & Medical Insurance We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance. We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year. Financial Wellness & Retirement We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities. Health Services We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices. Fitness To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount). Child Care & Family Care We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available. Benefits at Goldman Sachs Read more about the full suite of class-leading benefits our firm has to offer.
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Asset & Wealth Management, Wealth Investment Solutions, Exchange Funds Team, Associate - Chicago 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. Goldman Sachs Asset & Wealth Management delivers innovative investment solutions through a global, multi-product platform that offers clients the advantages that come with working with a large firm, while maintaining the benefits of a boutique. AWM is one of the pre-eminent investment management organizations globally. Critical to the success of AWM is our ability to leverage a global team of talented professionals and deliver continued innovation to meet our client’s evolving needs.
Job Summary & Responsibilities: The Wealth Investment Solutions Exchange Funds team is seeking a highly motivated individual to work as an Associate to help manage the Exchange Fund complex. The team provides tax efficient diversification solutions to high net worth clients owning highly appreciated equity positions. Product offerings are made available to some of the most important client relationships of both Goldman private wealth as well as our distribution partners. With a twenty-five-year plus history of alternative investment product structuring, client engagement and broad platform distribution, the Exchange fund solutions are one of AWM’s core alternative product offerings available across the street.
Role The successful candidate would become a member of the Exchange Funds team within our Wealth Investment Solutions business, responsible for helping in portfolio management, client engagement and operational design and infrastructure. This role is analytical and detail-oriented provides a multi-faceted opportunity to participate in the business development and portfolio management of the various alternative investment tax aware offerings within our franchise.
Core Responsibilities: Develop product knowledge of exchange funds and underlying structuring rules and regulations Engage with clients, advisors and distribution platforms to understand their specific needs and provide tax aware solutions Participate in product innovation, structuring and designing of new product offerings Participate in the creation of marketing materials and bespoke client studies Assist sales in fund specific inquires to deliver commercial outcomes Work with Engineering teams to design portfolio management algorithms and investment processes to support business Build an understanding of the interaction of the private and public assets within fund Work closely with the lead portfolio manager to manage client onboarding Responsible for regular fund maintenance (risk monitoring, credit facility servicing, etc.) Liaise with engineering teams to execute strategic roadmap for delivering a digital experience for our clients
Basic Qualifications: 3-7 years of asset management or wealth management experience Strong analytical and problem-solving skills with strong attention to detail Experience and background with quantitative techniques and investment strategies would be preferable Experience supporting exchange funds and/or experience in evaluating client portfolios and tax considerations a plus Strong interest in capital markets, asset management, and understanding of traditional and alternative asset classes Risk management and control orientation Team player, self-motivated; able to work in an autonomous, yet collaborative environment Well organized, proactive, decisive, and willing to take on more responsibility, with the ability to manage multiple tasks in a fast-paced environment Creative, with good problem-solving abilities Excellent communication and writing skills Ability to interact and build relationships with a wide variety of people
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. Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
Salary Range The expected base salary for this Chicago, Illinois, United States-based position is $80,000-$160,000. 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.
Healthcare & Medical Insurance We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance. We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year. Financial Wellness & Retirement We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities. Health Services We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices. Fitness To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount). Child Care & Family Care We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available. Benefits at Goldman Sachs Read more about the full suite of class-leading benefits our firm has to offer.
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