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Wealth Management, Portfolio Management Group, Vice President, London

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Goldman Sachs

9d ago

  • Job
    Full-time
    Senior Level
  • Banking & Finance
  • London

AI generated summary

  • You need 5+ years in portfolio management, CISI Level 4 or IMC/CFA Level 1, strong financial market interest, organization skills, self-motivation, integrity, and proficiency in Bloomberg and MS Office.
  • You will implement bespoke portfolio solutions, manage trading and cash operations, oversee investments, conduct FX analysis, and collaborate on tech projects and compliance.

Requirements

  • 5+ years’ work experience in a similar portfolio management and trade execution role.
  • Must have region specific qualifications CISI Level 4 (London) or equivalent IMC & CFA Level 1.
  • Strong interest in the financial markets and good investment sense/commercial instinct.
  • Strong organisational skills; the ability to deliver on tight deadlines, multi-task in a fast-paced environment and think clearly under pressure will be key to success.
  • Self-motivated and able to work in an autonomous, yet collaborative environment.
  • Commitment to excellence, a high level of integrity.
  • Proficiency with Bloomberg, Refinitiv/Datastream, Morningstar Direct, or similar systems.
  • Knowledge of Microsoft Office software (Outlook, Excel, PowerPoint and Word).

Responsibilities

  • Work as part of the PMG Team to implement bespoke discretionary portfolio solutions for PWM clients.
  • Take a lead role in overseeing and enhancing our investment processes whilst ensuring strict adherence to a robust risk management framework.
  • Manage and implement portfolios focusing on areas such as portfolio construction, investment manager / vehicle selection and rebalancing, and monitoring currency exposure.
  • Execute trades across various asset classes, including equities, fixed income (bonds), mutual funds, derivatives, and alternative investments (hedge funds and private equity).
  • Oversee and conduct daily cash management and foreign exchange (FX) exposure analysis. This involves daily trading of spot and forward FX contracts as well as money market funds.
  • Manage all operational aspects of managed accounts, including trading, position reconciliation, capital calls, private equity events, product maturities.
  • Contribute to PMG-specific projects focused on technology development and the improvement of policies and procedures to support business growth.
  • For all of these activities, work in conjunction with other areas of ISG and the broader firm, including GSAM, Legal, Compliance and Technology teams.

FAQs

What is the primary focus of the Portfolio Management Group (PMG) at Goldman Sachs?

The primary focus of the PMG is to specialize in the discretionary management of multi-asset class portfolios and provide outsourced Chief Investment Officer (CIO) services to private clients and select institutions.

What are the key responsibilities of the Vice President in PMG?

The key responsibilities include overseeing the management and construction of multi-asset class portfolios, implementing bespoke discretionary portfolio solutions, executing trades, daily cash management, and contributing to PMG-specific projects.

What qualifications are required for the Vice President position in PMG?

Candidates should have 5+ years of experience in portfolio management and trade execution, region-specific qualifications such as CISI Level 4 or equivalent IMC & CFA Level 1, and proficiency in financial market systems.

Is experience with specific financial systems mandatory for this role?

Yes, proficiency with Bloomberg, Refinitiv/Datastream, Morningstar Direct, or similar systems is required for this role.

What kind of environment should candidates expect while working in PMG?

Candidates should expect a fast-paced, collaborative environment that requires strong organizational skills, the ability to multi-task, and clear thinking under pressure.

What is the importance of risk management in this position?

Risk management is crucial as the Vice President will be responsible for ensuring adherence to a robust risk management framework while overseeing and enhancing investment processes.

Are there opportunities for professional development within Goldman Sachs?

Yes, Goldman Sachs is committed to fostering professional growth and offers various training and development opportunities for employees.

What types of asset classes will the Vice President manage?

The Vice President will manage portfolios across various asset classes, including equities, fixed income, mutual funds, derivatives, and alternative investments such as hedge funds and private equity.

Does Goldman Sachs emphasize diversity and inclusion in the workplace?

Yes, Goldman Sachs is committed to fostering and advancing diversity and inclusion within the workplace and provides various opportunities for growth in a diverse environment.

What tools or software should the candidate be proficient in?

Candidates should be proficient in Microsoft Office software, including Outlook, Excel, PowerPoint, and Word.

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Goldman Sachs

Finance
Industry
10,001+
Employees
1869
Founded Year

Mission & Purpose

Goldman Sachs is a global investment banking, securities, and investment management firm. They offer a range of financial services to corporations, financial institutions, governments, and individuals. Goldman Sachs' primary activities include investment banking, asset management, securities trading, and providing advisory services. Their ultimate mission is to be a leading global financial institution, providing superior financial expertise and solutions to their clients. The purpose of Goldman Sachs is to help their clients achieve their financial goals, manage risk, and navigate complex markets. They aim to drive economic growth, foster innovation, and create long-term value for their clients, shareholders, and the communities they operate in. Goldman Sachs is committed to upholding the highest standards of integrity, professionalism, and client service, serving as a trusted partner and advisor in the world of finance.

Culture & Values

  • Partnership

    We prioritize collaboration and believe in the strength of the collective, creating a culture that fosters teamwork and belonging in the pursuit of professional and personal growth.

  • Client Service

    We lead with a service mindset, working to earn our clients’ trust and exceed their expectations by understanding and overdelivering on their goals.

  • Integrity

    We hold ourselves accountable to the highest ethical standards, insisting on transparency and vigilance from our people as we learn from our experiences and make decisions that instill a sense of pride in our firm.

  • Excellence

    We aspire to nothing less than excellence, striving for exceptional performance and superior results for our clients, our shareholders, and our communities.

Benefits

  • Holiday and Vacation Policies

    We offer competitive vacation policies based on employee level and office location. This is in addition to any number of statutory and public holidays as determined by each office. 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

    The firm provides a number of resources and offerings designed to help our employees achieve their personal financial goals. 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 — from buying a home, to navigating market volatility and investments, legacy and estate planning, tax strategies, and will preparation.

  • 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.

  • Childcare / Family Care

    In some offices, 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.

  • Flexible Working

    Based on manager approval, the following arrangements may be available to help employees meet their personal and family responsibilities: part-time schedules, job sharing, telecommuting, and alternate hours.