Asset & Wealth Management, AIMS, Private Markets Allocations & Liquidity Management, Vice President

Company: Goldman Sachs Group, Inc.
Location: Salt Lake City
Posted on: March 20, 2023

Job Description:

Asset & Wealth Management, AIMS, Private Markets Allocations & Liquidity Management, Vice President -"Job Details" Salt Lake City, Utah, United States Job Identification 105884 Job Category Vice President Locations

• Salt Lake City, Utah, United States Posting Date 01/03/2023, 06:02PM Job Description 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 $2 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. 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 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. BUSINESS OVERVIEW The Alternative Investments & Manager Selection (AIMS) Group provides investors with investment and advisory solutions, across leading hedge fund managers, private equity funds, real estate managers, public equity strategies and fixed income strategies. The AIMS Group 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 200 professionals across eight offices around the world, the AIMS Group 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, and family offices, for which we invest or advise on over $150 billion of alternative investments, public equity strategies and fixed income strategies. The AIMS Platform Management team is broadly responsible for portfolio implementation and trading, liquidity risk management, designing equity and currency hedging programs, portfolio construction 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 several important strategic initiatives. The team works closely with the investment and client portfolio solutions areas within AIMS, and with functional teams across the broader firm including Central Trading, Fund Accounting, Operations, Technology, Legal and Compliance. RESPONSIBILITIES As a Vice President in this function the candidate will partner with senior portfolio managers to develop and execute appropriate deal allocation plans and liquidity and leverage 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, investment guideline oversight and monitoring, portfolio life cycle and leverage analyses, liquidity target modeling, performance optimization, capital and collateral efficiency, investment guidelines and other portfolio management factors. The role will also have oversight and management of the related business applications and infrastructure required to manage these functions in addition to responsibility for delivering enhanced scale.
  • Scope of the role and platform:
    • Direct management and supervisory responsibilities of several professionals and consultants.
    • Direct interaction with AIMS portfolio managers and client management teams, and all the functional teams that support our business globally (legal, compliance, controllers, operations, tax, shareholder services, and fund services). Locations include New York, San Francisco, West Palm, London, Hong Kong, Bangalore, and Tokyo. Additional locations are expected as the business platform continues to grow.
    • 600+ portfolios investing across all private market's strategies, including primaries, secondaries, co-investments, GP stakes, private credit, and real estate.
    • Direct interactions with more than 4 external fund administrators and custodians.
    • Specific responsibilities:
      • Direct management and supervisory responsibilities of the team, providing ongoing informal and formal performance reviews and feedback, running formal training and career development programs, and providing recommendations on headcount targets and time allocations, hiring, promotion and compensation decisions.
      • Manage and oversee all deal allocations to ensure investment opportunities are allocated according to firm policy.
      • Monitor investment pacing and investable capital for each of our actively investing comingled funds and separate accounts and identify new and innovative ways in which to implement deployment of investable capital strategies.
      • Proactively identify new and innovative ways in which to implement liquidity strategies, including sourcing new credit providers, outlining terms that are accretive to investment performance and to efficient capital allocation strategies
      • Oversee the accuracy and timeliness of trade communication to various fund administrators and be the central point of contact for requests related to the trade blotter.
      • Provide oversight for investment onboarding related activities, ensuring deal exposure is properly captured in all our internal systems.
      • Participate in activities related to portfolio launches, restructuring and rebalances.
      • Publish ongoing (weekly, monthly, quarterly, and annual) platform and function activity reports and KPIs to AIMS management. And provide an annual business plan for the function considering expected business growth, scalability gains via automation and functional re-engineering, team attrition and competitor analysis.
      • Responsible for quarterly Risk and Control Self-Assessment (RCSA) and annual SOC 1 controls for all allocation activities.
      • Perform incident tracking and reporting and conduct regular review of desk procedures to ensure changes are being tracked and updated accordingly.
      • Lead strategic initiatives with Engineering and other relevant teams to evolve existing operating business infrastructure and suite of portfolio tools / applications. Including prioritization, tracking, and reporting on specific project progress, and quantifying return on investment.
      • Develop analytical models and reports to support critical business functions.
      • Active participation in strategic projects that span multiple functional areas, with a focus on profitability, efficiency, and scalability. Focus on implementing Business Intelligence, robotics, and engaging best-in-class industry vendors for specific business-critical functions.
      • Respond to both ongoing and ad-hoc requests from the various business areas within the AIMS organization. BASIC QUALIFICATIONS
        • 8+ years of relevant industry experience; preferably Private Equity, trade allocation, liquidity management, alternative investments, or asset management.
        • Good understanding of private equity investment structures and processes, market strategies, and client offering
        • Strong management, communication, presentation, and interpersonal skills.
        • Excellent quantitative and analytical skills and high level of proficiency in market data applications, Word, Excel, and PowerPoint.
        • Strong project planning, organization, and time management skills- able to manage multiple tasks in a fast-paced team-oriented environment.
        • Detail oriented
        • Highly motivated and enthusiastic individual. 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 Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity The AIMS Platform Management team is broadly responsible for portfolio implementation and trading, liquidity risk management, designing equity and currency hedging programs, portfolio construction 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 several important strategic initiatives. The team works closely with the investment and client portfolio solutions areas within AIMS, and with functional teams across the broader firm including Central Trading, Fund Accounting, Operations, Technology, Legal and Compliance. The Client Communications team is a global team that has an integral role in designing the delivery of strategic solutions that improve client experience. The team partners with PWM Management daily to develop new solutions to digitize and enhance the PWM internal and external client platform. Additionally, the team is responsible for coordination, oversight, and delivery of PWM client communications through Infrastructure the team helps design. The team also partners with other teams in Operations, Technology, Legal, and Compliance to ensure accurate and timely delivery of communications that comply with industry and government rules and regulations.

Keywords: Goldman Sachs Group, Inc., Salt Lake City , Asset & Wealth Management, AIMS, Private Markets Allocations & Liquidity Management, Vice President, Accounting, Auditing , Salt Lake City, Utah