Asset & Wealth Management, Pricing Analysis and Strategies, New York, Analyst
Location: New York, New York
Type: Full Time
Internal Number: 20110593
ASSET & WEALTH 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.
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.
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 structuring the pricing to be paid to GSAM by the investors in our institutional investment products:
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; and utilize existing PAS websites in order to achieve an efficient pricing process.
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.
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
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.).
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.
Assist with business support activities: Project future performance fee earnings; Calculate actual performance fee vesting's; Allocate multi-product revenues to product teams; and Validate compliance with MFNs.
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
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., 2023. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity
Salary Range The expected base salary for this New York, New York, United States-based position is $85000-$110000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
Benefits Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here .