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Asset & Wealth Management (Private) – Alternatives Product Strategy – Associate – London

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Goldman Sachs

2mo ago

  • Job
    Full-time
    Mid Level
  • Consulting
    Banking & Finance
  • London

AI generated summary

  • You need a bachelor's degree, 3+ years in asset management, knowledge of alternatives, regulatory frameworks, strong interpersonal skills, and proficiency in Excel and PowerPoint. IMC preferred.
  • You will support alternative investment products, manage governance, liaise with stakeholders, develop proposals, analyze fund performance, and respond to internal inquiries across sales channels.

Requirements

  • Bachelor’s degree, with a minimum of 3 years of industry experience.
  • Ideally Investment Management Certificate (IMC) qualified.
  • In-depth knowledge of the asset management industry, client channels, and Alternatives vehicle mechanics and requirements (AIFs, Private Funds) gained through previous experience in product research and/or strategy consulting roles.
  • Prior knowledge of Alternatives, including private credit, real estate, hedge funds, or private equity, is preferred.
  • Proven ability to manage complex fund products effectively, coupled with a deep understanding and practical application of global regulatory frameworks such as MiFID, AIFMD, and the FCA Consumer Duty, particularly concerning the Value for Money assessment.
  • Ability to manage multiple concurrent projects effectively in a fast-paced and dynamic environment, demonstrating a strong capacity to shift mindset and reprioritise with changing business needs, with prior experience either in-house or through consulting engagements.
  • Strong interpersonal skills and a collaborative approach, with the ability to build relationships across diverse teams and effectively navigate multiple stakeholders, with an understanding of their different needs.
  • Excellent written and verbal communication skills, especially the ability to explain complex technical concepts in simple terms to other stakeholders.
  • Proactive, problem-solving skills with a strong work ethic, strategic mindset, and ability to employ a commercial perspective.
  • Commercially minded and aware of stakeholder intricacies, with proven ability to navigate multiple stakeholders.
  • Strong technical skills, including a high level of proficiency in Microsoft Excel and excellent PowerPoint skills.

Responsibilities

  • Play a pivotal role in supporting the early-stage positioning and governance requirements of alternative investment product offerings across asset classes, including Private Credit, Private Equity, Real Estate, Infrastructure, and External Investing Group (XIG), while also identifying opportunities to streamline these processes to meet regulatory standards and obligations.
  • Act as a key point of contact for product governance guidance, review, and oversight through the firm's existing processes across global Product and Distribution Initiatives.
  • Run and present at governance forums, often alongside product specialists, to opine on product governance-related rules and regulations.
  • Ensure strong documentation of governance activities across the firm.
  • Liaise closely with Legal and Counsel across product Governance responsibilities, including identifying appropriate follow-ups and actions.
  • Act as a central point of contact for the AIFM(s) and where necessary, the relevant Fund and AIFM Boards.
  • Support development of Product proposals for new ideas and next vintage funds (idea generation, portfolio composition, product and distribution governance).
  • Utilize new technology and processes to maintain and develop fund analyses, focusing on pricing, performance, revenue, expenses, and asset availability.
  • Collaborate closely with internal stakeholders such as investment teams, distribution, legal, fund management, operations, compliance, controllers, and tax to develop and execute product strategy and development projects.
  • Proactively document and develop team processes and procedures, identifying efficient ways of working and contributing to strong overall documentation of governance activities across the firm.
  • Respond to internal questions from senior management and salespeople across all sales channels (private wealth, institutional, third-party distribution) related to the Alternatives platform and pipeline.
  • Demonstrate a strong strategy and execution mindset with the ability to independently manage workload and deliver on multiple priorities.

FAQs

What is the primary focus of the Asset & Wealth Management (Private) – Alternatives Product Strategy Associate position?

The primary focus is to support the governance and positioning of alternative investment product offerings, including Private Credit, Private Equity, Real Estate, and Infrastructure, while also developing market intelligence materials and financial models for existing and new products.

What qualifications are required for this position?

A Bachelor's degree and a minimum of 3 years of industry experience are required. Ideally, candidates should also possess the Investment Management Certificate (IMC).

Is prior knowledge of Alternatives necessary for this role?

Yes, prior knowledge of Alternatives such as private credit, real estate, hedge funds, or private equity is preferred for this position.

What regulatory knowledge is beneficial for candidates applying for this role?

Candidates should have a deep understanding and practical application of global regulatory frameworks such as MiFID, AIFMD, and FCA Consumer Duty, especially concerning the Value for Money assessment.

What skills are necessary for effectively managing complex fund products in this role?

Proven ability to manage multiple concurrent projects, strong interpersonal skills, excellent written and verbal communication skills, and strategic problem-solving skills are necessary.

Will the Associate need to collaborate with other teams?

Yes, the Associate will need to collaborate closely with internal stakeholders such as investment teams, distribution, legal, fund management, compliance, and operations to develop and execute product strategy and development projects.

What types of tasks will the Associate perform in terms of documentation?

The Associate will be responsible for documenting governance activities, developing team processes and procedures, and maintaining strong documentation across the firm.

How important are technical skills for this role?

Strong technical skills, particularly a high level of proficiency in Microsoft Excel and excellent PowerPoint skills, are very important for this position.

What is the work environment like for this role?

This role involves working in a fast-paced and dynamic environment, requiring the ability to manage multiple priorities and adjust to changing business needs.

What sort of mindset is beneficial for candidates applying for this position?

A strong strategy and execution mindset, along with a proactive, problem-solving attitude and commercial awareness, are beneficial for candidates in this role.

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Goldman Sachs

Finance
Industry
10,001+
Employees
1869
Founded Year

Mission & Purpose

Goldman Sachs is a global investment banking, securities, and investment management firm. They offer a range of financial services to corporations, financial institutions, governments, and individuals. Goldman Sachs' primary activities include investment banking, asset management, securities trading, and providing advisory services. Their ultimate mission is to be a leading global financial institution, providing superior financial expertise and solutions to their clients. The purpose of Goldman Sachs is to help their clients achieve their financial goals, manage risk, and navigate complex markets. They aim to drive economic growth, foster innovation, and create long-term value for their clients, shareholders, and the communities they operate in. Goldman Sachs is committed to upholding the highest standards of integrity, professionalism, and client service, serving as a trusted partner and advisor in the world of finance.

Culture & Values

  • Partnership

    We prioritize collaboration and believe in the strength of the collective, creating a culture that fosters teamwork and belonging in the pursuit of professional and personal growth.

  • Client Service

    We lead with a service mindset, working to earn our clients’ trust and exceed their expectations by understanding and overdelivering on their goals.

  • Integrity

    We hold ourselves accountable to the highest ethical standards, insisting on transparency and vigilance from our people as we learn from our experiences and make decisions that instill a sense of pride in our firm.

  • Excellence

    We aspire to nothing less than excellence, striving for exceptional performance and superior results for our clients, our shareholders, and our communities.

Benefits

  • Holiday and Vacation Policies

    We offer competitive vacation policies based on employee level and office location. This is in addition to any number of statutory and public holidays as determined by each office. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

  • Financial Wellness & Retirement

    The firm provides a number of resources and offerings designed to help our employees achieve their personal financial goals. We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities — from buying a home, to navigating market volatility and investments, legacy and estate planning, tax strategies, and will preparation.

  • Health Services

    We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

  • Childcare / Family Care

    In some offices, we offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

  • Flexible Working

    Based on manager approval, the following arrangements may be available to help employees meet their personal and family responsibilities: part-time schedules, job sharing, telecommuting, and alternate hours.