Asset & Wealth Management, AWM Public Finance, Pricing Analysis & Strategies, Analyst - New York

Asset & Wealth Management

Goldman Sachs Asset & Wealth Management offers clients worldwide the opportunity to realize their potential while you build your career. As part of a leading asset manager with over $3 trillion in assets under supervision, you will collaborate with talented colleagues across asset classes and regions, and develop meaningful client relationships. We value integrity and transparency, and our diverse team is dedicated to our craft, our clients, and sustainable long-term performance. Goldman Sachs Asset & Wealth Management combines traditional and alternative investments to deliver dedicated partnership and focus on long-term outcomes for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors, and individuals.

Your Impact

We are seeking a highly quantitative analyst to join our Pricing Analysis & Strategies (PAS) team with Goldman Sachs Asset Management (GSAM). In this role you will help enhance and improve GSAM’s fixed fee (FF) and performance fee (PF) pricing effectiveness, provide a centralized resource for all aspects of GSAM’s PF business, and manage the application for the Most Favored Nations (MFN) clauses across GSAM.

Our Impact

The PAS team sits within GSAM and partners with GSAM’s portfolio management and institutional sales teams located in financial centers around the world. PAS has three primary objectives associated with structuring the pricing paid by GSAM’s institutional clients to invest in GSAM’s investment products.

1. Enhance and improve GSAM’s FF and 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 to achieve an efficient pricing process; and track and report pricing effectiveness.
2. Provide a centralized resource for all aspects of GSAM’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.
3. Manage the application of MFNs across GSAM. 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

• Contribute to new business development initiatives: focus on all aspects of pricing opportunities with GSAM’s institutional clients and prospects for investments in equities, fixed income, and alternatives.
• Improve GSAM’s institutional asset management pricing processes: analyze revenue and profitability of GSAM’s new and existing business; identify pricing trends; compare GSAM’s pricing to competitor pricing; collect and analyze data on published fee schedules and actual fees paid by large institutional clients.
• Assist with business support activities: project future performance fee earnings; calculate actual performance fee vestings; allocate multi-product revenues to product teams; ensure MFN compliance.

Basic Qualifications

• Master’s or Bachelor’s degree with a major in Economics, Engineering, Finance, Mathematics, or Statistics
• Strong quantitative and technical abilities
• Strong interest in the financial markets and good investment sense
• 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 communication skills
• Strong multi-tasking and time-management skills
• Ability to work as part of a high-performing team

Salary Range

The expected base salary for this New York, New York, United States-based position is $85,000–$110,000. 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. A summary of these offerings, 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.