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Asset Management Operations - WFOE Operations - Associate/Vice President

Goldman Sachs Shanghai, China
Posted 21 days ago Permanent Competitive
Asset Management Operations - WFOE Operations - Associate/Vice President
Goldman Sachs Asset Management Division Overview
Goldman Sachs Asset Management is one of the world's leading investment managers. Goldman Sachs 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.
As part of the strategic plan to build out our China footprint and franchise, Goldman Sachs Asset Management, a business line within Goldman Sachs, is pursuing various initiatives in order to establish a long term strategic business line onshore in China.
This role will form part of the operations team to contribute to Goldman Sachs Asset Management building out its franchise and footprint in China. Operations is a multi-faceted division that partners with all areas of the firm to deliver asset management capabilities to our clients around the world. Alongside this vital service delivery role, Operations provides essential risk management and control, preserving and enhancing the firm's assets and its reputation. We're looking for a professional individual who wants to apply their financial market knowledge and further develop within a growing sector of the asset management industry.

Responsibilities:
  • Act as first point of contact for all PE Wholly Foreign Owned Enterprise (WFOE) operations affairs in China
  • Lead/contribute to the setup of new business(es), responsible for establishing and executing operational processes as part of the central project team
  • Oversight of all activities supported by fund administrator and Custodian
  • Initiate any fund transfer/payment instruction/capital calls/dividend distributions to fund administrator and Custodian
  • Perform cash reconciliation validation and cash projection
  • Responsible for validation on performance fee/waterfall calculation/tax filling on fund level.
  • Coordinate and compile regulatory and client reports
  • Collaborate with key stakeholders to launch new funds and any other business activities
  • Management of the fund on-boarding and off-boarding process to achieve timely and desired outcomes
  • Able to adapt and navigate the evolving financial regulatory landscape and help develop strategic solutions to solve new challenges
  • Liaise with distributors, vendors and other stakeholders for client onboarding, client reporting and other client services

Qualifications:
  • Over 5 years' experience in financial services industry. Experience in dealing with or working for WFOE PFM/Fund Management Company/QDLP/PE entities preferred, multiple experience in FMC/WMC would be a plus.
  • Business Fluency in English, Native level expertise in Mandarin
  • Strong understanding of asset management industry, business model, fund life cycle and operations processes
  • Experience with Chinese financial markets operating and regulatory landscape, PE industry exposure would be a plus.
  • Strong Finance/Accounting/Tax expertise in onshore PE funds would be a plus
  • Demonstrate ability to partner across product groups and functional responsibilities
  • Preferably has obtained the Asset Management Association of China (AMAC), fund practitioner qualification/license
  • Attention to detail and ability to work to tight deadlines under pressure and to provide practical solutions
  • Ability to juggle multiple competing demands across business lines and managing expectations across numbers of commercial opportunities
  • Demonstrate strong communication and interpersonal skills both written and oral
  • Experience managing senior stakeholders in both a domestic and international capacity would be a plus

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/Sexual Orientation/Gender Identity
Job ID  300003346592361
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