Goldman Sachs - New York, NY
posted 2 days ago
About the position
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 $3 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. Fixed Income and Liquidity Solutions, within Public Investing, manages more than $1.7 trillion in assets for a variety of clients, including private wealth mandates and institutional clients such as insurance companies, pension funds, and endowments. The team has a long history of investing across public fixed income strategies including rates, currency and credit on behalf of our clients. Investment ideas are created through collaboration between portfolio managers, research analysts, and traders. The Securitized Investment team is seeking a portfolio manager in Securitized Credit. The team manages over $102 billion in Securitized assets across the global fixed income platform, with over $40 billion in Securitized Credit assets. The successful candidate will be an integral part of the portfolio management team in New York, gaining exposure to ABS, CMBS, CLO, and Non-Agency RMBS markets, with a primary focus on CLO/ABS. As such, experience analyzing, trading, and taking risk in these sectors is preferred though not a requirement. The candidate should evidence the ability to excel in a team environment. The role places an emphasis on supporting the team's portfolio management and trading efforts, and entails considerable interaction with sell-side counterparties, operations, and technology.
Responsibilities
- Generate new investment ideas through rigorous fundamental analysis in Securitized Credit with a primary focus in CLO/ABS sub-sectors
- Work with portfolio management team to help implement investment views in portfolios, including sizing of positions across accounts with varying objectives and constraints
- Conduct security and market surveillance
- Develop and maintain sell-side trading relationships
- Allocate and execute trades
- Work with portfolio managers to monitor risk in portfolios
- Contribute to cross-asset discussion and debate within Securitized products
- Work with technology and strategist teams to increase automation, improve quality of data, and create new tools for use in the Securitized Credit investment process
- Update and maintain reports for weekly strategy meetings
Requirements
- Bachelor's degree
- Strong quantitative and analytical skills, with excellent attention to detail
- Knowledge of and interest in fixed income and Securitized markets
- Highly motivated with the ability to work independently as well as thrive in a fast-paced team environment
- Curiosity, strong critical thinking skills, and passion for problem-solving
- Excellent communication and interpersonal skills
- Proficiency in Microsoft Excel and PowerPoint
Nice-to-haves
- 2-5 years of investment management or sell-side experience desirable
- CFA study
Benefits
- Competitive benefits and wellness offerings
- Training and development opportunities
- Firmwide networks
- Mindfulness programs
