The Cross Markets Strategy, Execution, and Risk (CMSER) team within Private Wealth Management (PWM) manages cross-asset, cash and OTC execution for PWM clients. CMSER covers a wide scope, including idea generation across asset classes for cash and derivative products, broker analysis, execution advice, and order handling. As a part of our execution mandate, members of CMSER are regularly involved in negotiating with our broker-dealer network on behalf of PWM clients, and are involved with strategic projects for PWM as it pertains to our relationship with other divisions of Goldman Sachs. The team also helps drive the scoping and design of trading technology and infrastructure and is influential in directing the trading technology vision for the division. CMSER is currently seeking a vice president to work as an integral member of the team with a focus on expanding our equity derivative capabilities. The candidate will also be involved in cross-divisional, cross-regional collaboration, internal marketing of strategies/ideas, and providing best in class execution.
Private Wealth Management (PWM) secures, develops and manages relationships with high net worth individuals, their families, family offices and foundations. PWM assists clients with building and preserving their financial wealth by creating and implementing long-term asset allocation within the context of each client's particular risk tolerance, and by providing access to innovative investment ideas and opportunities. PWM professionals develop customized investment strategies and offer a full array of wealth management products and services, including private banking and trust company services.
Within Private Wealth Management, the CMSER team partners with clients and advisors to provide best in class cross-asset execution for clients. This includes trade idea generation and investment rationale, trade order handling and execution (including price negotiation), trading infrastructure steering, and appropriate risk assessment of trades as it pertains to client specific objectives.
HOW YOU WILL FULFILL YOUR POTENTIAL Serve as a product expert for equity derivatives across the global PWM franchise
Negotiate pricing terms with counterparts in other divisions as well as external brokers
Execute transactions on behalf of PWM clients, with a focus on equity derivatives
Educate, communicate, and collaborate with internal stakeholders including fellow team members and private wealth advisors
Produce regular market color and circulate innovative trade ideas and strategies to be consumed by PWM broadly
Communicate and collaborate effectively with multiple stakeholders in order to achieve client objectives
Manage relationships with internal teams (marketing, strategists, wealth management professionals) and external broker-dealers, including assessing these relationships analytically
Ongoing involvement in trading platform development and steering with regular interaction with technology and quants