Asset & Wealth Management- Fixed Income, Agency MBS, Vice President/Associate, New York

Goldman Sachs
New York, USA
Apr 29, 2023
May 07, 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Asset Management provides institutional and individual investors with investment and advisory solutions, with strategies spanning asset classes, industries, and geographies. We help our clients navigate today's dynamic markets, and identify the opportunities that shape their portfolios and long-term investment goals. We extend these global capabilities to the world's leading pension plans, sovereign wealth funds, central banks, insurance companies, financial institutions, endowments, foundations, individuals and family offices. The Asset Management Division also invests in corporate equity and corporate debt, real estate equity, and real estate debt and infrastructure worldwide. Additionally, we provide asset management services to investments where Goldman Sachs has an interest. Consisting of hundreds of professionals in multiple offices around the world, our business operates on a global platform.

Fixed Income seeks to uncover opportunities across borders and in under-researched markets. We use independent specialist teams for bottom-up and top-down decisions, and for generating strategies within their areas of expertise. The Fixed income team includes money market products, central funding and liquidity management businesses.

Part of the the Fixed Income business, the Securitized investment team is seeking a portfolio manager with experience managing assets in Agency Mortgages. The team manages over $72bn in Securitized assets across the global fixed income platform, with over $41bn in Agency MBS assets. We're seeking a portfolio manager with experience managing assets in agency mortgages, who will work with the team as well as the broader FI platform to deliver best in class performance to our clients.

The successful candidate will bring a deep background in Agency MBS. Significant experience analyzing, trading and taking risk in Agency MBS is a pre-requisite. Experience across Pass-throughs, CMOs and Agency MBS derivatives would be best. We are seeking a candidate who can communicate a robust investment process and will be prepared to develop and tailor that process to the specific needs of GSAM's clients. The candidate should evidence the ability to excel in a team environment. We are seeking a portfolio manager with strong leadership and communication skills who can take a significant role driving investment decision-making and implementation.

  • Generate new investment ideas through rigorous fundamental analysis across TBAs, specified pools, CMOs, and MBS derivatives
  • Work with portfolio managers and the cross-sector team to implement the Agency MBS investment process through regular research meetings, focusing on both top-down and bottom-up approaches
  • Coordinate trading activity across all Agency MBS products and account types, ensuring all relevant mandates abide by appropriate risk limits and investment guidelines
  • Manage projects with the technology and strategy teams to increase automation, improve quality of data, and create new trading tools
  • Work with lead portfolio managers in developing and communicating market outlooks, recent investment decisions, and new products to current or prospective clients
  • Bachelor's degree
  • 4+ years of experience in Agency MBS, either on the sell-side or buy-side
  • Significant experience as a risk taker having ownership for material investment decisions in the sector
  • Leadership experience as part of an investment or trading team
  • Excellent communication and interpersonal skills
  • Strong quantitative and analytical skills, with excellent attention to detail
  • Highly degree of motivation, with the ability to work independently as well as thrive within a fast-paced team environment
  • Curiosity, strong critical thinking skills, and passion for problem-solving
  • Significant experience with Microsoft Excel and PowerPoint
  • CFA study

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

We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more:

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Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

Salary Range
The 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.

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 .
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