Asset & Wealth Management, Global Product Strategy, Product Development Associate - New York

Asset & Wealth Management

Goldman Sachs Asset and Wealth Management oversees $3.6 billion in assets under supervision across a wide range of asset classes, geographies and vehicle structures to offer relevant, value-added investment solutions and strategies to our global, diverse client base.

Global Product Strategy

Global Product Strategy is a growing and dynamic team located around the world who are responsible for overseeing, managing and shaping the investment product range for the Asset Management division, focused primarily on public markets. The team consists of Product Development, Product Strategy & Research, and ETF specialists who partner with each other and across Asset Management's Client Solutions Group and Public Investing organizations to evaluate and shape investment strategy and design, differentiate product positioning using competitive intelligence, adhere to regulatory and governance requirements and establish go-to-market messaging and planning for new and existing products. The team serves all client segments across wealth, institutional, consultants, insurance, liquidity, and retirement channels. The team specializes in registered, pooled product vehicles mostly comprised of public securities but also helps facilitate and support initiatives for separately managed accounts, private funds, and public/private products.

We are looking for an Associate to join the Americas Product Development team in New York.

RESPONSIBILITIES

• Supporting and helping coordinate the end-to-end product design, development, launch and ongoing oversight for pooled vehicles across asset classes including mutual funds, ETFs, collective investment trusts, interval funds, variable insurance trust funds, money market mutual funds, etc.
• Partnering with the Global Product Strategy team and stakeholders to help prioritize and execute on new product ideas that leverage the firm's investment capabilities and best thinking, drive scale and address meaningful and measurable client demand.
• Developing product proposals and strategic platform updates for senior management, fund boards, and internal governance committees.
• Helping with technical project management of new product design and structuring, changes to existing funds as well as analysis and implementation of other product initiatives (working with investment teams, distribution, legal, tax, compliance, fund services, finance, fund controllers, operations, etc.)
• Facilitating ongoing product management initiatives to ensure the product suite remains competitive, is properly positioned to address commercial growth opportunities, and in compliance with latest regulations.
• Keeping abreast of major developments in the industry (i.e. regulations, tax, competition, etc.) that create new opportunities or challenges to our business.

SKILLS & QUALIFICATIONS

• Bachelor's degree, 2-4 years of financial industry experience.
• CFA charterholder or candidate a plus.
• SIE, Series 7, and Series 63 licenses are required (and will be sponsored by the firm if not already completed).
• Proficient comprehension of US financial markets, the asset management industry, client segments, and vehicle mechanics and requirements (mutual funds, ETFs, collective investment trusts, etc.) through previous related experience.
• Excellent written and verbal communication skills, especially the ability to explain complex technical concepts in simple terms.
• Ability to work within a small team and collaborate with team members.
• Strong project management and interpersonal skills and ability to work effectively with others across all levels and key stakeholder teams.
• Ability to manage multiple product initiatives / tasks.
• Proactive problem solver with a strong work ethic, strategic mindset, and commercial perspective.
• Detail oriented with the ability to work independently.
• Strong technical skills including high level of proficiency in Microsoft Excel and PowerPoint, and familiarity with industry data through such sources as Morningstar Direct, Simfund, Cerulli, Broadridge, Brightscope, etc.
• Desire to learn about the asset management industry and specifically public registered funds across investment vehicles, investment strategies and distribution channels.