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Asset & Wealth Management Associate – ETF Product R&D
Join Goldman Sachs Asset Management in New York to drive ETF innovation.
Goldman Sachs Asset Management (GSAM) is one of the world’s leading investment managers. With more than $2 trillion in assets under supervision, our global platform delivers investment and advisory services across public and private markets for the world’s foremost institutions, financial advisors and individuals.
We are seeking an Associate to join Product R&D within the Client Solutions Group (CSG) in New York, focusing on ETF product development. CSG is responsible for global client strategy, capital formation, strategic partnerships, product strategy, and capital markets activities across the firm’s alternatives investments and public market investing platform.
Since its inception in 2015, GSAM’s ETF business has become one of the fastest-growing participants in the industry, currently with $90bn+ in AUM globally across the ETF franchise. Product R&D is involved in every step of the lifecycle of ETF products – from initial concept and quantitative design to capital markets integration and competitive positioning. The team works closely with other teams to coordinate aspects of product design, governance, operations, capital markets and portfolio management.
HOW YOU WILL FULFILL YOUR POTENTIAL
- Play an active role in decisions around new ETF product development and updates to existing ETF products across equity, fixed income and alternative asset classes.
- Conduct industry and competitive research on the ETF market to understand market positioning in the context of ETF market dynamics. Develop and deliver competitive intelligence to key stakeholders, monitor trends that may change or influence specific product opportunities, GSAM positioning, and contribute to the overall team strategy.
- Leverage internal and external data sources (e.g., Morningstar Direct, Bloomberg, Simfund) and apply advanced techniques to build automated and scalable models to streamline processes, reduce legacy work, and enhance efficiency and effectiveness.
- Contribute to strategic product development roadmaps and priorities across client segments following analysis of industry data; develop categorization frameworks and vetting processes for new products.
- Collaborate across teams to drive product design, including coordination with legal, tax, compliance, portfolio management and operations.
- Create and disseminate ETF materials for platform updates, fund deep dives, and industry development snapshots. Work on multiple projects across team verticals including market research, marketing materials, internal collateral, and capital markets.
SKILLS & EXPERIENCE WE’RE LOOKING FOR
- Bachelor’s degree in Finance, Economics, Mathematics, Business Analytics, Data Analytics, or a related field, and three to five years of experience in a related role.
- SIE, Series 7, and Series 63 licenses are required and will be sponsored by the firm if not already completed.
- Knowledge of the ETF industry preferred, including familiarity with client channels, capital markets, competitive landscape, vehicle mechanics and infrastructure requirements through previous work experience.
- Well-developed project management skills and ability to work well in a fast-paced team environment and multi-task appropriately, while maintaining extremely high standards.
- Proactive problem solver with a strong work ethic, strategic mindset, and commercial perspective. Able to craft unique solutions with limited guidance.
- Strong technical skills including high level of proficiency in Microsoft tools; familiarity with industry data and vendors and advanced data and AI techniques.
- Effective interpersonal skills: ability to build the trust and confidence of colleagues and clients, strengthen relationships through ongoing dialog and interactions, and collaborate well with others to meet team objectives.
- Excellent written and verbal communication skills, especially the ability to explain complex technical concepts in simple terms.
- Entrepreneurial; comfortable in assuming varied responsibilities and going above and beyond to make work more commercially relevant
Salary Range
The expected base salary for this New York, New York, United States-based position is $100000-$160000. 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 .