• CIMD, GSAM, Pricing Analysis & Strategies, Analyst, New York

    Location(s) US-NY-New York
    Job ID
    2019-55693
    Schedule Type
    Full Time
    Level
    Analyst
    Function(s)
    Investment Management
    Region
    Americas
    Division
    Consumer and Investment Management Division
    Business Unit
    Pricing Analysis & Strategies
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    Consumer and Investment Management (CIMD)

    The Consumer and Investment Management Division includes Goldman Sachs Asset Management (GSAM), Private Wealth Management (PWM) and our Consumer business (Marcus by Goldman Sachs). We provide asset management, wealth management and banking expertise to consumers and institutions around the world. CIMD partners with various teams across the firm to help individuals and institutions navigate changing markets and take control of their financial lives.

    • MORE ABOUT THIS JOB
      INVESTMENT MANAGEMENT

    We’re a team of trusted advisors who provide innovative investment solutions to help our clients meet their financial goals. From private wealth to asset management, we work with specialists and groups from around the firm to help high-net-worth individuals and institutions across various industries navigate changing markets and make smart investments. We value self-starters with an entrepreneurial spirit, but still provide the support and resources to ensure your success.


    GSAM

    Goldman Sachs Asset Management (GSAM) 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.  GSAM is one of the pre-eminent investment management organizations globally. Critical to the success of GSAM is our ability to leverage a global team of talented professionals to define solutions and lead change across the operational infrastructure. 

    RESPONSIBILITIES AND QUALIFICATIONS

    Pricing Analysis & Strategies Analyst

    Pricing Analysis and Strategies Group (PAS) is looking to add a professional to its team with a strong quantitative skill set.  PAS has three primary objectives associated with the pricing of IMD’s institutional investment products:

     

    1. Enhance and improve IMD's fixed fee (FF) and performance fee (PF) pricing effectiveness. Influence and optimize both FF and PF pricing; Build and strengthen analytical pricing models and tools; Educate product and distribution teams on pricing analytics and impact of pricing effectiveness; Develop and leverage websites in order to achieve an efficient pricing process; and Track and report pricing effectiveness.

     

    1. Provide a centralized resource for all aspects of IMD's PF business. Negotiate and close new PF business; Optimize PF methodologies, language, and vesting dates in Investment Management Agreements (IMAs) and Offering Memoranda (OMs); Create monthly PF projection metrics packages for senior management; and Calculate actual PFs upon vesting for Client Billing.

     

    1. Manage the application of Most Favored Nations clauses (MFN) across IMD. Establish criteria for accepting MFN proposals; Drive MFN negotiations with clients; Optimize and approve MFN language in client IMAs; and Track and report MFN investment mandate population.

    RESPONSIBILITIES AND QUALIFICATIONS

     

    Responsibilities

     

    1. Contribute to new business development initiatives: Focus on all aspects of pricing opportunities with IMD’s institutional clients and prospects for investments in equities (stocks), fixed income (bonds), and alternatives (currencies, commodities, real estate, etc.).

     

    1. Improve IMD’s institutional asset management pricing processes: Analyze revenue and profitability of IMD’s new and existing business; Identify trends in pricing of IMD’s new business versus existing business; Compare IMD’s pricing to competitor pricing; Collect and analyze data on published fee schedules, as well as actual fees paid by large institutional clients of IMD and competitors.

     

    1. Assist with business support activities: Project future performance fee earnings; Calculate actual performance fee vestings; Allocate multi-product revenues to product teams; and Validate compliance with MFNs.

     

    Experience

     

    • Masters/Bachelor’s degree with an Economics, Engineering, Finance, Mathematics, or Statistics major
    • Strong quantitative and technical abilities
    • Strong interest in the financial markets and good investment sense/commercial instinct
    • Interest in Chartered Financial Analyst designation (CFA)
    • Drive, enthusiasm, creativity and excellent interpersonal skills
    • Strong analytical, problem solving and organizational skills, entrepreneurial, creative thinker, detail-oriented
    • Personal integrity, initiative and leadership qualities
    • Strong verbal and written communications skills
    • Strong multi-tasking and time management skills
    • Ability to work as part of a team in an environment that demands excellence, time and energy

    ABOUT GOLDMAN SACHS

    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.

    We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html



    © The Goldman Sachs Group, Inc., 2020. All rights reserved.
    Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

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