Goldman Sachs Asset & Wealth Management - Fixed Income Multi Sector Portfolio Associate - London

Asset & Wealth Management Overview

A career with Goldman Sachs Asset & Wealth Management offers the opportunity to help clients worldwide realize their potential while discovering your own. As part of a leading asset manager with over $3 trillion in assets under supervision, you will participate in exciting investment opportunities, collaborate with talented colleagues across asset classes and regions, and build meaningful client relationships.

Fixed Income & Liquidity Solutions Overview

Within Public Investing, Fixed Income and Liquidity Solutions manage over $1.7 trillion in assets for 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, through collaboration among portfolio managers, research analysts, and traders.

Role Overview

We are seeking a London-based Associate to join our Multi-Sector Portfolio Management team within GSAM Fixed Income. This role offers an exciting opportunity to contribute to a dynamic investment process focused on carefully constructed and actively managed multi-sector portfolios. The ideal candidate will have a strong understanding of fixed income markets, a passion for portfolio analysis, and the ability to collaborate effectively within a team-oriented environment. Key responsibilities include:

1. Develop Product & Market Expertise: Gain a deep understanding of Global Fixed Income Markets and the suite of Multi-Sector investment products. Develop systems knowledge encompassing performance, positioning, risk, and reporting systems.
2. Support Portfolio Construction: Assist Multi-sector Portfolio Managers with top-down portfolio construction and implementation within the multi-sector investment process.
3. Portfolio Implementation & Management: Translate multi-sector views across a large suite of customized accounts. Analyze account guideline restrictions and work closely with strategy desks on developing proxy trades for constrained accounts.
4. Investment Research: Conduct research on fixed income asset allocation and portfolio construction. Analyze relative value across fixed income spread sector opportunities.
5. Monitoring and Risk Management: Monitor portfolio positions and risk analytics relative to benchmarks and active targets. Highlight deviations and work with trading desks to rebalance portfolios.
6. Performance and Positioning Surveillance: Investigate performance attribution outliers and positioning discrepancies. Ensure portfolios of the same strategy are similarly positioned and provide proxy trades for restricted accounts.
7. Cross-Team Communication: Effectively communicate current portfolio positioning, performance attribution, market trends, and investment themes to relevant audiences. Participate in strategy sessions with the multi-sector team, macro strategists, and credit specialists.
8. Business Development: Contribute to new business development through the creation of model portfolios and other investment materials.
9. Competitor Analysis: Research key managers across multi-sector strategies, analyze investment biases, and deliver insights on peer positioning.
10. Process Improvement & Automation: Partner with technology teams to identify opportunities for process automation and operational efficiency improvements.

Qualifications

• Bachelor's or Master's degree in Finance, Economics, Business, or Commerce. CFA is a plus.
• Knowledge of and passion for asset management and capital markets.
• Highly organized with exceptional attention to detail and follow-through.
• Strong analytical and risk management skills.
• Proficient in multi-tasking, problem-solving, and meeting deadlines.
• Excellent written and oral communication skills.
• Strong interpersonal skills: ability to build trust, foster relationships, and collaborate effectively.