Asset & Wealth Management, External Investing Group (XIG), Union Bridge Partners (Opportunistic[...] - Goldman Sachs Bank AG : Job Details

Asset & Wealth Management, External Investing Group (XIG), Union Bridge Partners (Opportunistic Co-Investments / Structured Products), Vice President – New York location_on New York, New York, United States

Asset & Wealth Management

A career with Goldman Sachs Asset & Wealth Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world's leading asset managers with over $2 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and building meaningful relationships with our clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset & Wealth Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals.

External Investing Group (XIG)

XIG provides clients with investment and advisory solutions, across leading hedge fund managers, private credit funds, private equity funds, real estate managers, public equity strategies, fixed income strategies and ESG (impact) strategies across all asset classes. XIG manages globally diversified programs, targeted sector-specific strategies, customized portfolios and a range of advisory services. Our investors access opportunities through new fund commitments, fund-of-fund investments, strategic partnerships, co-investments, secondary-market investments and seed-capital investments. With over 400 professionals across 13 offices around the world, XIG provides manager diligence, portfolio construction, risk management and liquidity solutions to investors, drawing on Goldman Sachs' market insights and risk management expertise. We extend these global capabilities to the world's leading sovereign wealth funds, pension plans, governments, financial institutions, endowments, foundations, high-net-worth individuals and family offices, for which we invest or advise on over $400 billion of alternative investments, public equity strategies and fixed income strategies. We are focused on diversity of thought and have team members with a wide range of backgrounds and professional experiences.

Union Bridge Partners

Union Bridge Partners is an opportunistic co-investment strategy that invests alongside the world's premier private credit and hedge fund managers in their high-conviction credit and special situations positions. We have a flexible mandate that allows us to invest across public and private markets to identify situations that we believe offer the most attractive risk / reward at any given time. We typically aim to hold positions over the medium to long term and seek equity-like returns with credit-like risks in a variety of financial instruments across the capital structure including all forms of corporate debt (e.g., senior, subordinated, convertible and preferred), structured products and equity. The team sources co-investments from external alternative managers on the XIG platform. Union Bridge Partners I is a drawdown fund with a six-year target fund life and began its investment period in January 2024. Union Bridge Partners II will be launched in 2025. The investment team is composed of fundamental, bottom-up research-driven investors.

The Role

The successful candidate will be part of the Union Bridge Partners investment team and will have responsibility for overseeing the structured products vertical. This is an exciting opportunity for a motivated individual to join a fast-growing business in a senior capacity as a “vertical captain” for structured products. The successful applicant will report directly to the lead portfolio manager and will be responsible for sourcing, underwriting and executing complex structured products co-investments across consumer finance, real estate, hard assets and financial assets. This role will provide the applicant an opportunity to develop their investment and leadership skills and expand their industry network by leveraging the global network of premier alternative managers on the XIG platform that Union Bridge Partners typically co-invests alongside.

Responsibilities

• Oversee structured products investment vertical for Union Bridge Partners funds
• Conduct fundamental research on investment opportunities, including leading due diligence and financial modeling, drafting investment memoranda and making investment recommendations to the Union Bridge Partners investment committee
• Manage deal execution, ongoing investment monitoring and realizations
• Develop relationships with external alternative managers to source investment ideas

Qualifications

• Investing mindset, ability to think independently about an investment, understanding of portfolio construction
• Strong corporate valuation skills and familiarity with various types of structured products such as ABS, CLO debt / equity, capital relief investments, royalties, receivables, etc.
• Strong modeling and accounting skills
• Four years of experience in buyside investing roles in private credit is strongly preferred but candidates with a research or banking background will also be considered.
• A strong background in structured products is preferred but candidates with a background in public or private credit or distressed investing will also be considered
• A minimum of four years of investing experience in structured products is strongly preferred but we will also consider candidates with research or banking background or private credit or distressed investing background provided they have extensive experience in structured products
• Outstanding record of professional and academic achievement

Salary RangeThe expected base salary for this New York, New York, United States-based position is $125000-$290000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

BenefitsGoldman 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 .

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

We offer competitive vacation policies based on employee level and office location. 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

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.

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.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

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.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.