Asset & Wealth Management, Private, Structuring & Execution, Hedging Associate

The Goldman Sachs Group
$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 regions, and building meaningful relationships with your clients. Wo
United States, New York, New York
200 West Street (Show on map)
Jan 24, 2025
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 regions, and building meaningful relationships with your 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. The Hedging Associate is responsible for assisting with the formulation and implementation of hedging strategies across all Asset & Wealth Management Private investing strategies with an emphasis on FX. This includes responsibility for hedging across all Asset & Wealth Management Private funds and GS balance sheet, as well as working with investors to articulate the methodology of AWM Private hedging programs. This position also involves working with investment teams across all strategies managed by Asset & Wealth Management Private (Credit, Equity, Real Estate and Infrastructure) to understand the FX risks associated with each investment and to formulate, recommend and implement appropriate hedging strategies. The position requires an understanding of macroeconomics, market dynamics, FX and Interest Rate hedging strategies, and alternative investment fund structures and strategies. The position is a unique opportunity to contribute to the risk management efforts across AWM Private globally. Responsibilities include, but are not limited to: Assist in developing, implementing and executing FX hedging programs across all AWM Private fund strategies and structures. Work with internal teams across Asset & Wealth Management in Asia, Europe and the Americas to quantify FX risks and develop hedging strategies at an individual deal level Partner with investment teams to assist with the implementation and execution of risk management strategies for AWM Private portfolio companies Work closely with external counsel to negotiate ISDA, CSA, and other trading related documentation with sell side counterparties Develop and grow relationships with sell side derivatives counterparties Collaborate with internal capital markets teams to maximize wallet share across key counterparties for AWM Private Maintain pipeline of new fund launches to ensure all funds are legally and operationally prepared to trade FX and interest rate derivatives Preferred Qualifications: Bachelors Degree required; 2+ years of experience in FX, Interest Rate, or other market risk management product areas preferred History of outstanding academic and professional achievements Experience working directly with clients and internal stakeholders to explain hedging strategies Excellent work ethic and attention to detail Self-starter with a high level of motivation Possess a track record of good judgment and strong communication skill Strong quantitative, analytical and problem-solving skills Excellent communication (written & verbal) and interpersonal skills Strong team orientation and a demonstrated ability to work effectively with team members across multiple groups and regions Comfortable working in a fast-paced, high-energy environment Advanced proficiency with Excel, Bloomberg, PowerPoint and Word, and adaptability to other software products 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., 2021. All rights reserved. Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran 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.