Asset & Wealth Management, Alternative Product Strategy Research and Development, Vice President - New York

📍 Job Overview

Job Title: Vice President - Asset & Wealth Management, Alternative Product Strategy Research and Development

Company: Goldman Sachs

Location: New York, NY, United States

Job Type: Full-Time

Category: Product Strategy & Development / Operations

Date Posted: 2026-05-19T22:44:34

Experience Level: 5-10 Years

Remote Status: On-site

🚀 Role Summary

• Spearhead the research, development, and optimization of alternative investment fund products within Goldman Sachs Asset Management's Client Solutions Group.

• Drive product strategy by conducting in-depth market research, competitive analysis, and financial modeling for new and existing fund structures.

• Collaborate effectively with a diverse range of internal and external stakeholders, including investment teams, sales channels, and legal/regulatory experts, to bring innovative solutions to market.

• Develop tailored product solutions and entry points, with a strategic focus on meeting client needs across private wealth, insurance, and retirement solutions.

• Leverage financial modeling, alternative data, and market intelligence to inform product design, assess regulatory impacts, and ensure scalable, efficient fund platforms.

📝 Enhancement Note: While the title mentions "Product Strategy Research and Development," the core responsibilities and required skills indicate a strong need for operational rigor in product execution, financial modeling, and process optimization, aligning this role with advanced operations functions within the financial services sector. The emphasis on "fund mechanics," "operational, liquidity, currency and distribution-driven factors," and "scalable fund platforms" points to a need for operational excellence in product lifecycle management.

📈 Primary Responsibilities

• Lead the end-to-end development and ongoing optimization of alternative investment fund products, encompassing private debt, private equity, venture capital, infrastructure, and real estate strategies.

• Conduct comprehensive market research and competitive intelligence gathering, utilizing regulatory data and industry insights to identify market opportunities and inform product design.

• Develop sophisticated financial models for fund platforms and structures, including robust sensitivity analysis to evaluate financial viability and risk.

• Collaborate closely with internal stakeholders across investment, sales (private wealth, institutional, third-party distribution), and senior management to address inquiries and ensure alignment on the alternatives platform and pipeline.

• Manage workstreams involving various internal teams to define appropriate fund structures, mechanics, and detailed terms, ensuring alignment with client needs and regulatory requirements.

• Provide critical support to project management teams responsible for the successful go-to-market execution of new alternative funds.

• Translate complex product structures and features into clear, concise summaries for non-technical stakeholders, facilitating understanding and buy-in.

• Identify and implement process improvements to enhance the efficiency and scalability of fund development and operational workflows.

📝 Enhancement Note: The responsibilities highlight a need for significant cross-functional coordination and an understanding of operational workflows from product inception through to market delivery. The emphasis on managing workstreams and supporting project management teams underscores the operational execution aspect of this role.

🎓 Skills & Qualifications

Education:

• Bachelor's degree from an accredited institution.

Experience:

• Minimum of 5 years of relevant industry experience in asset management, wealth management, or a related financial services field.

Required Skills:

• Deep understanding of evergreen fund structures, private markets product structures, and relevant regulatory regimes.

• Practical experience with private asset investment strategies, including private debt, private equity, venture capital, infrastructure, and real estate.

• Pragmatic understanding of legal, regulatory, tax, accounting, operational, liquidity, currency, and distribution factors critical for developing efficient and scalable fund platforms and client solutions.

• Advanced proficiency in Microsoft Excel (complex financial modeling, data analysis, scenario planning) and Microsoft PowerPoint (presentation development, data visualization).

• Excellent analytical skills with a strong capacity for critical thinking and problem-solving.

• Detail-oriented with the ability to think strategically and connect tactical execution to broader business objectives.

• Strong written, verbal, and interpersonal communication skills, with the ability to articulate complex concepts to diverse audiences.

• Highly self-motivated, proactive, and able to work independently with an execution mindset.

Preferred Skills:

• Practical experience leveraging AI tools and data-driven technologies for product development, market analysis, and process optimization.

• Familiarity with alternative data providers such as Preqin and Pitchbook for market research and competitive intelligence.

• Experience in client solutions, particularly within the private wealth, insurance, or retirement solutions channels.

📝 Enhancement Note: The emphasis on "operational, liquidity, currency and distribution-driven factors" and "scalable fund platforms" suggests that candidates with a background in operations, product management that includes operational aspects, or even a finance background with a strong understanding of operational execution will be highly valued. The preference for AI tools and data-driven technologies indicates a forward-thinking approach to operations within product development.

📊 Process & Systems Portfolio Requirements

Portfolio Essentials:

• Demonstrable experience in developing and structuring investment products, showcasing an understanding of fund mechanics and operational considerations.

• Case studies or examples of market research conducted, highlighting analytical rigor, competitive landscape evaluation, and actionable insights derived.

• Evidence of financial modeling capabilities, including examples of fund platform modeling, sensitivity analysis, and scenario planning.

Process Documentation:

• Examples of process improvement initiatives undertaken, detailing the problem, proposed solution, implementation, and measured impact on efficiency or performance.

• Workflow diagrams or descriptions illustrating the development lifecycle of financial products, highlighting key operational touchpoints and cross-functional dependencies.

• Documentation showcasing an understanding of operational, liquidity, and distribution factors in product development and platform design.

📝 Enhancement Note: The role requires a candidate who can not only strategize but also execute and optimize. A portfolio that showcases a structured approach to product development, including the operational and logistical considerations of bringing a fund to market, will be highly impactful. Demonstrating the ability to refine processes for efficiency is crucial.

💵 Compensation & Benefits

Salary Range:

• An estimated base salary range for a Vice President in New York, NY, within the Asset & Wealth Management sector at a firm like Goldman Sachs, typically falls between $170,000 and $250,000 annually. This range can be influenced by bonuses, performance-based incentives, and specific experience levels.

• Methodology: This estimate is based on research of VP-level compensation for similar roles in New York City within large financial institutions, referencing industry salary benchmarks, cost of living data for New York, and typical compensation structures for roles involving product development, financial analysis, and strategy within the financial services industry.

Benefits:

• Comprehensive Health, Dental, and Vision Insurance.

• Robust Retirement Savings Plans (e.g., 401(k) with company match).

• Performance-based Annual Bonus and Long-Term Incentive Plans.

• Generous Paid Time Off (PTO), including vacation, sick leave, and holidays.

• Employee Assistance Programs (EAP) for mental health and well-being support.

• Professional Development and Education Assistance programs.

Working Hours:

• Standard working hours are typically 40-50 hours per week, with expectations for flexibility and potential for longer hours during peak periods, product launches, or critical project phases.

📝 Enhancement Note: Compensation at this level within Goldman Sachs is highly competitive and will likely include a significant performance-based bonus component, reflecting the strategic and impactful nature of the role. The benefits package is designed to support the well-being and professional growth of its employees.

🎯 Team & Company Context

🏢 Company Culture

Industry: Financial Services (Asset & Wealth Management)

Company Size: Over 10,000 employees. This large, established structure provides access to extensive resources, a broad network, and a deep bench of expertise, while also suggesting a need for strong process adherence and cross-functional navigation.

Founded: 1869. With a long history, Goldman Sachs has cultivated a culture rooted in financial expertise, client service, and rigorous analysis.

Team Structure:

• The role sits within the Client Solutions Group (CSG) of Asset & Wealth Management (AWM).

• This specific function, Alternatives Product Research and Development, is a growing and strategic area, indicating a dynamic and evolving team environment.

Methodology:

• A strong emphasis on data-driven decision-making and rigorous analytical frameworks.

• Process-oriented approach to product development, ensuring thoroughness in research, modeling, and execution.

• Collaborative problem-solving and a meritocratic culture where innovative ideas are valued and tested.

• Commitment to long-term performance and client partnership.

Company Website: https://www.goldmansachs.com/

📝 Enhancement Note: Goldman Sachs is known for its demanding yet rewarding environment, fostering a culture of excellence, intellectual curiosity, and a strong work ethic. For operations professionals, this translates to a need for meticulous attention to detail, robust process management, and an ability to thrive in a high-stakes, results-oriented setting.

📈 Career & Growth Analysis

Operations Career Level: Vice President (VP) - This is a senior-level position within Goldman Sachs, indicating significant responsibility, strategic input, and leadership potential. VPs are expected to manage complex projects, mentor junior staff, and contribute to strategic initiatives.

Reporting Structure: The role reports within the Alternatives Product Research and Development team, likely under an Executive Director or Managing Director, with significant interaction across various business units and senior leadership.

Operations Impact: This role directly influences the firm's strategic growth in alternatives, impacting revenue generation through the development of innovative and client-centric investment products. The success of these products is critical to AWM's overall performance and client satisfaction.

Growth Opportunities:

• Specialization: Deepen expertise in specific alternative asset classes (e.g., private equity, infrastructure) or product structures.

• Leadership: Progress to senior leadership roles within Product Development, Client Solutions, or broader Asset & Wealth Management operations.

• Skill Development: Opportunity to gain expertise in emerging technologies like AI for product development and market analysis, and to refine complex financial modeling and strategic planning skills.

• Cross-Functional Mobility: Potential to move into roles in investment management, sales strategy, or business management within AWM.

📝 Enhancement Note: A VP-level role at Goldman Sachs offers substantial career growth potential. The emphasis on strategic product development and market intelligence provides a strong foundation for future leadership roles. The opportunity to work with cutting-edge AI tools also positions the candidate for future advancements in operations and product strategy.

🌐 Work Environment

Office Type: This position is based in New York, NY, and is an on-site role, indicating a traditional office-based work environment within Goldman Sachs' corporate offices.

Office Location(s): Primary location in New York City, a major financial hub, offering access to extensive industry networks and resources.

Workspace Context:

• A highly collaborative office environment designed to foster innovation and teamwork.

• Access to state-of-the-art technology, financial data platforms, and research tools.

• Opportunities for regular interaction with senior stakeholders, investment professionals, and sales teams.

Work Schedule:

• The typical work schedule involves a standard 5-day work week, but the demanding nature of the financial industry, especially at the VP level, often requires flexibility and extended hours to meet deadlines, manage global markets, and support product launches.

📝 Enhancement Note: The on-site requirement signifies an environment where in-person collaboration, spontaneous brainstorming, and direct mentorship are highly valued. For operations roles, this can lead to faster problem resolution and stronger team cohesion.

📄 Application & Portfolio Review Process

Interview Process:

• Initial Screening: Review of resume and application, potentially including a brief phone screen with HR or a junior team member to assess basic qualifications and fit.

• Technical Interviews: Multiple rounds focusing on financial modeling, product knowledge (alternatives, fund structures), market analysis, and strategic thinking. Expect detailed questions on Excel proficiency and financial concepts.

• Case Study/Presentation: A common element will be a presentation of past work or a specific case study scenario, requiring candidates to demonstrate their product development, analytical, and communication skills. This is where portfolio review is critical.

• Behavioral Interviews: Assessment of leadership potential, teamwork, problem-solving abilities, cultural fit with Goldman Sachs' values, and ability to handle pressure.

• Final Round: Interviews with senior leadership (Executive Director/Managing Director) to make a final hiring decision.

Portfolio Review Tips:

• Quantify Impact: For each project or initiative, clearly articulate the problem, your role, the solution implemented, and the quantifiable results (e.g., improved efficiency by X%, revenue generated from new product Y, market share captured Z%).

• Showcase Process Thinking: Detail the steps you took, the stakeholders you engaged, and the challenges you overcame. For product development, illustrate the lifecycle from ideation to launch, highlighting operational considerations.

• Financial Modeling Examples: Provide anonymized examples or detailed descriptions of your financial models, emphasizing complexity, sensitivity analysis, and how they informed decision-making.

• Communication Clarity: Prepare to walk through your portfolio items concisely and persuasively. Ensure your presentations are visually appealing and easy to follow, demonstrating your ability to communicate complex information.

• Relevance to Alternatives: Tailor your portfolio to highlight experience with alternative investments, fund structures, and market analysis relevant to the role.

Challenge Preparation:

• Financial Modeling Exercise: Be prepared for a live Excel-based modeling test or a take-home assignment. Practice building various fund models (e.g., P&L, cash flow, IRR calculations) and performing sensitivity analysis.

• Market Analysis Presentation: Prepare to present your analysis of a specific alternative asset class or a competitor's product, including market trends, risks, and opportunities.

• Problem-Solving Scenarios: Anticipate questions about how you would address common challenges in product development or operational execution, such as regulatory hurdles, stakeholder conflicts, or market downturns.

📝 Enhancement Note: The interview process at Goldman Sachs is rigorous. A strong portfolio that clearly demonstrates hands-on experience in product development, financial modeling, operational optimization, and stakeholder management, coupled with excellent presentation skills, will be key to success.

🛠 Tools & Technology Stack

Primary Tools:

• Microsoft Excel: Essential for advanced financial modeling, data analysis, sensitivity analysis, and scenario planning. Proficiency with complex formulas, PivotTables, and data visualization is expected.

• Microsoft PowerPoint: Crucial for developing presentations, market intelligence reports, and communicating complex product structures and strategies to stakeholders.

• Alternative Data Providers: Familiarity with platforms like Preqin and Pitchbook for market research, competitive analysis, and deal sourcing is highly advantageous.

Analytics & Reporting:

• Internal Goldman Sachs Platforms: While specific internal tools are not listed, expect to utilize proprietary systems for data analysis, reporting, and portfolio management.

• Data Visualization Tools: Potentially experience with tools like Tableau or Power BI for creating dashboards and visual reports, although Excel and PowerPoint are primary.

CRM & Automation:

• CRM Systems: Experience with CRM systems used in financial services for client management and tracking sales pipelines (e.g., Salesforce, though internal systems are likely used).

• AI & Data-Driven Technologies: Preferred experience with leveraging AI tools for market analysis, predictive modeling, and process automation, indicating a forward-thinking approach to operations.

📝 Enhancement Note: The emphasis on Excel and PowerPoint, alongside specific data providers, highlights the need for strong quantitative and presentational skills. The preferred mention of AI tools suggests that candidates who can demonstrate an understanding of or experience with these emerging technologies will stand out.

👥 Team Culture & Values

Operations Values:

• Excellence: A commitment to the highest standards of quality, accuracy, and professionalism in all aspects of work.

• Integrity: Upholding ethical conduct and trust in all dealings, central to Goldman Sachs' reputation.

• Collaboration: Working effectively across teams and departments to achieve shared goals, fostering a sense of collective responsibility.

• Innovation: Encouraging new ideas and approaches to product development and process improvement, driving the firm forward.

• Client Focus: Prioritizing client needs and delivering solutions that add significant value, central to the Asset & Wealth Management mission.

Collaboration Style:

• Cross-Functional Integration: Expected to work seamlessly with investment teams, sales, legal, compliance, and operations to ensure alignment and smooth product execution.

• Data-Driven Dialogue: Discussions and decision-making are underpinned by rigorous data analysis and financial modeling.

• Meritocracy: Ideas and contributions are valued based on their merit and potential impact, encouraging open communication and constructive debate.

• Proactive Communication: A culture of keeping stakeholders informed and proactively addressing potential issues.

📝 Enhancement Note: Goldman Sachs' culture emphasizes a strong work ethic, intellectual rigor, and a deep commitment to client success. For operations professionals, this means being adaptable, data-driven, and highly collaborative, with a focus on delivering measurable impact.

⚡ Challenges & Growth Opportunities

Challenges:

• Navigating Complex Stakeholder Landscapes: Effectively managing the diverse needs and expectations of various internal teams (investment, sales, legal, compliance) and external clients.

• Rapid Market Evolution: Staying abreast of evolving alternative investment strategies, regulatory changes, and technological advancements in a dynamic financial market.

• Balancing Innovation with Rigor: Developing novel products while ensuring compliance, operational feasibility, and robust risk management.

• Information Synthesis: Distilling vast amounts of market data, regulatory information, and financial analysis into actionable insights and clear recommendations.

Learning & Development Opportunities:

• Deep Dive into Alternatives: Gain unparalleled expertise in a wide range of alternative asset classes and product structures.

• Strategic Product Development: Hone skills in market analysis, financial modeling, and product design at a leading global financial institution.

• Exposure to AI & Data Science: Opportunity to work with and learn about the application of AI and advanced data analytics in product strategy and operations.

• Mentorship and Networking: Access to senior leaders and a vast network of professionals within Goldman Sachs, fostering career growth and knowledge sharing.

• Professional Certifications: Support for pursuing and maintaining relevant certifications like CFA or CAIA.

📝 Enhancement Note: The challenges presented are typical of high-impact roles in the financial industry, demanding adaptability and continuous learning. The growth opportunities are significant, offering a clear path for career advancement and skill enhancement in specialized areas of finance and operations.

💡 Interview Preparation

Strategy Questions:

• "Describe a time you identified an opportunity for product improvement in a financial product. What was your approach, and what was the outcome?" (Focus on process, data, and impact)

• "How would you assess the viability of a new alternative investment strategy for our client base, considering market trends, regulatory hurdles, and operational complexity?" (Demonstrate structured thinking, market awareness, and operational foresight)

Company & Culture Questions:

• "Why are you interested in Goldman Sachs and specifically this role within Asset & Wealth Management?" (Show genuine interest and alignment with firm values)

• "How do you handle working under pressure and managing multiple competing priorities?" (Provide examples of resilience and organizational skills)

Portfolio Presentation Strategy:

• Structure: Begin with a high-level overview of your role and the project's objective. Then, detail the problem, your specific contributions, the methodology or processes used, the results achieved (quantified), and key learnings.

• Key Metrics: For product development, focus on metrics like AUM growth, investor satisfaction, efficiency improvements, or successful product launches. For financial modeling, highlight accuracy, insights derived, and decision-making impact.

• Visual Aids: Use clear, professional slides. For financial models, consider showing anonymized outputs or process flows rather than raw data.

• Conciseness: Be prepared to present your strongest examples within a set timeframe (e.g., 10-15 minutes), leaving ample time for Q&A.

📝 Enhancement Note: Preparing specific, quantifiable examples that align with the responsibilities and required skills will be critical. Demonstrating an understanding of both the strategic and operational aspects of product development, coupled with strong communication skills, is key for this interview process.

📌 Application Steps

To apply for this Vice President position at Goldman Sachs:

• Submit your application through the provided Oracle Cloud portal link.

• Tailor your Resume: Highlight experience in alternative investments, product development, financial modeling, market research, and process optimization. Use keywords from the job description and quantify your achievements with data where possible.

• Prepare your Portfolio: Curate 2-3 key projects that demonstrate your expertise in product strategy, financial modeling, operational considerations of fund structures, and stakeholder management. Be ready to present these concisely and persuasively.

• Research Goldman Sachs: Understand the firm's strategic priorities in Asset & Wealth Management, particularly in alternative investments. Familiarize yourself with their culture, values, and recent performance.

• Practice Interview Questions: Prepare detailed responses to technical, behavioral, and situational questions, focusing on structured problem-solving and demonstrating your fit with the company culture and role requirements.

⚠️ Important Notice: This enhanced job description includes AI-generated insights and operations industry-standard assumptions. All details should be verified directly with the hiring organization before making application decisions.

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