Job DescriptionAsset & Wealth ManagementA 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 $2.8 trillion in assets under supervision globally1, 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 the 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.
External Investing Group (XIG)The External Investing Group ("XIG") provides investors with investment and advisory solutions, across leading hedge fund managers, private equity and private credit funds, real estate managers, public equity strategies, fixed income strategies and ESG (impact) strategies across all asset classes. 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 13 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, high net worth individuals and family offices, for which we invest or advise on over $360 billion of alternative investments, public equity strategies and fixed income strategies.1 We are focused on diversity of thought and have team members with a wide range of backgrounds and professional experiences.
XIG Private Markets platform Management The XIG Private Markets Platform Management team is broadly responsible for portfolio implementation, liquidity risk management, portfolio allocation and monitoring, external manager on-boarding and oversight, private market deal closing, valuation models for level 3 assets, overseeing the business control framework as well as a number of important strategic initiatives. The team works closely with the investment and capital formation areas within XIG, and with functional teams across the broader firm including Central Trading, Fund Accounting, Operations, Technology, Legal and Compliance.
This role involves partnering with senior portfolio managers to develop and execute appropriate deal funding allocation, valuation models and liquidity strategies across our private market's portfolios. This includes allocation analysis and recommendation of where and when to deploy investable capital in accordance with fund and firm investment guidelines. Creation of liquidity plans to optimize fund performance and investor experience. Creation and monitoring of asset Valuation models to aid performance tracking. In addition, the candidate will help supervise a group of analysts within the team and a group of consultants via a managed service arrangement. The Associate will also act as direct point of contact for the Investment team for a designated investment vertical.
- Perform daily liquidity management function to assess current and future funding requirements. Prepare Liquidity recommendations for Investor actions and work with stakeholder teams (Investment Team, Controllers, Operations) to approve and execute the calling or distributing capital.
- Create and implement liquidity models to achieve best in class fund performance and avoid cash drag by optimizing balances.
- Monitor and prepare investment pacing and investable capital analysis for a subset of actively investing funds and separately managed accounts. Present recommendations to the deal team.
- Participate in activities related to portfolio launches, restructuring and rebalances.
- Monitor Asset Backed Loan workflows and optimize cash to enhance fund performance.
- Perform allocation analysis for new deal activity and present recommendations to the Allocation Working Group (AWG) for approval.
- Identify and quantify FX and public market risk, model and test risk solutions to provide custom risk solutions.
- Deliver scale and enhanced fund performance through execution of self-identified and "continuous improvement" initiatives.
- Valuations: Work closely with deal team and GP managers and utilize in-depth reviews of relevant financial markets to ensure proper understanding and reporting of level 3 assets.
- Evaluate new business transactions for valuation implications in conjunction.
- Prepare monthly and quarterly reporting for client materials and management, including but not limited to analysis of fund and investment performance drivers.
- Assist in responding to compliance and regulatory enquiries.
- Act as a point person in testing new system applications as the platform scales
- Skillsets required:
- Using advanced Excel to manage thousands of data inputs to conduct data-driven analysis in order to create financial models and recommendations.
- Integrate AI into day-to-day processes to drive workflow efficiency and maximize operating capacity
- Project Management skillset to create design requirements, track progress, deliver milestones, navigate matrixed group of stakeholders, and ensure successful delivery of strategic change.
- Financial acumen to prepare cash flows and performance metrics that impact Investor returns and product performance.
- Apply knowledge of Risk Management framework and associated controls to assess risk of financial products and recommend action such as adjusting risk reserve, altering risk profile & projection, and raising red flags.
- Utilizing knowledge of Data Management practices and Technology associated with data organization and visualization to maintain data quality and initiate optimization/enhancement of data flows to improve the quality and efficiency of analysis and reporting.
- Ability to communication updates impactfully with senior colleagues and Investment team professionals.
