Job Description
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, Global Markets and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Bangalore, Hong Kong and other major financial centers around the world. We pride ourselves in our resourcefulness and work on a variety of initiatives. On any given day, our work could include advising a company on a cross-border merger, structuring the initial public offering of a subsidiary, refinancing an outstanding bond and more.
As a Division, Our Strategic Objectives Include
- To be the world's preeminent investment bank trusted advisor, financier and risk manager for our clients on their most important transactions
- Build long-term relationships with clients and bring them world-class execution by delivering the firm over time
- Drive superior returns for our stakeholders
- Be the employer of choice for all career levels by providing a highly dynamic, meritocratic, diverse and rewarding workplace
Overview Of Pricing Analysis & Strategy Team (PAS)
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.
- 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 in order to achieve an efficient pricing process; and Track and report pricing effectiveness.
- 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.
- 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 (stocks), fixed income (bonds), and alternatives (currencies, commodities, real estate, etc.).
- Improve GSAM's institutional asset management pricing processes: Analyze revenue and profitability of GSAM's new and existing business; Identify trends in pricing of GSAM's new business versus existing business; Compare GSAM's pricing to competitor pricing; Collect and analyze data on published fee schedules, as well as actual fees paid by large institutional clients of GSAM and competitors.
- Assist with business support activities: Project future performance fee earnings; Calculate actual performance fee vestings; Allocate multi-product revenues to product teams; and Validate compliance with MFNs .
Basic Qualifications
- 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
- 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., 2024. All rights reserved.
