• Global | CIMD | GSAM Global Stewardship Team, Associate, Tokyo

    Location(s) JP-Minato-ku
    Job ID
    2019-57605
    Schedule Type
    Full Time
    Level
    Associate
    Function(s)
    Investment Management
    Region
    Japan
    Division
    Consumer and Investment Management Division
    Business Unit
    QIS
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    GOLDMAN SACHS FIRM OVERVIEW

    The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

     

    DIVISIONAL OVERVIEW

    The Consumer and Investment Management Division works with clients, from individual investors to large financial institutions, to develop advanced portfolio management strategies to help them achieve specific goals for their own or their institution's financial future. The division consists of Goldman Sachs Asset Management (Portfolio Management & Distribution), Private Wealth Management, and our Consumer business. For additional information on our businesses, please visit our Careers Website at http://www.goldmansachs.com/careers/why-goldman-sachs/our-divisions/investment-management/index.html.

     

    GOLDMAN SACHS ASSET MANAGEMENT (GSAM)

    Goldman Sachs Asset Management is one of the world’s leading investment managers.  With over 2,000 professionals across over 30 offices worldwide, GSAM provides institutional and individual investors with investment and advisory solutions, with strategies spanning asset classes, industries, and geographies.  Our investment solutions include fixed income, money markets, public equity, commodities, hedge funds, private equity, and real estate. Our clients access these solutions through our proprietary strategies, strategic partnerships, and our open-architecture programs. Our investment teams represent over 700 investment professionals, capitalizing on the market insights, risk management expertise, and technology of Goldman Sachs. 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, for which we invest or advise on over $1 trillion of assets.

     

    GLOBAL STEWARDSHIP TEAM

    The Global Stewardship Team is a dedicated team within GSAM that is responsible for proxy voting and company and industry engagement. The team works closely with teams across GSAM, including GSAM’s various investment teams to apply the GSAM Global Proxy Voting Policy, and to engage with company management throughout the year.

    RESPONSIBILITIES AND QUALIFICATIONS

    GLOBAL STEWARDSHIP TEAM

    The Global Stewardship Team is a dedicated team within GSAM that is responsible for proxy voting and company and industry engagement. The team works closely with teams across GSAM, including GSAM’s various investment teams to apply the GSAM Global Proxy Voting Policy, and to engage with company management throughout the year.

     

    Proxy Voting:

    GSAM has developed customized global guidelines on proxy voting in order to fulfill our voting responsibilities where clients have delegated proxy voting authority to us. These guidelines, updated annually to incorporate current issues and our latest views about key governance topics, embody the positions and factors GSAM prioritizes in casting proxy votes. They address a variety of individual topics, including shareholder voting rights, anti-takeover defenses, board structures, the election of directors, executive and director compensation, reorganizations, mergers, issues of corporate social responsibility and various shareholder proposals.

     

    Engagement:

    Engagement with company management teams is a key element of GSAM’s stewardship process. In this ongoing dialogue, we conduct due diligence and discuss a range of issues to better understand the businesses we invest in on behalf of our clients. The nature of the business and the circumstances of our investment determine the degree of our engagement, but in our interactions we engage with companies to:

    1. Gain insight into management quality, business model, strategy and financial prospects
    2. Gather additional information on proxy voting topics and express our views on corporate governance and ESG issues
    3. Enable the completion of proprietary ESG evaluations for our ESG focused portfolios, understand how ESG practices are driving value, and determine how these practices are integrated in strategy and decision-making
    4. Promote good corporate governance practices to company senior management

     

    POSITION DESCRIPTION

    We are hiring for an Associate to join the Global Stewardship Team.  The position is based in Tokyo, with a focus on stewardship in the APAC region. 

     

    The role involves the following:

    • Company Engagement: Engaging with the management of investee companies on corporate strategy and governance throughout the year, both independently and with portfolio managers; Collaborating with internal stakeholders to propose the annual engagement roadmap for the team; Coordinating and strategizing with Portfolio Managers to evaluate investee companies on the basis of environmental, social, and governance factors (ESG); Tracking meetings and documenting meeting discussions to identify areas of success and opportunities

     

    • Proxy Voting: Contributing to the ongoing refinement of GSAM’s Global Proxy Voting Policy positions; Overseeing vote execution; Communicating our philosophy, principles, and key messages to sales and clients; Identifying opportunities for system and infrastructure enhancement

     

    • Communication & Collaboration: Sharing collective insights on thematic topics and the latest trends in the market regarding stewardship with investment teams and sales across GSAM; Participating in stewardship initiatives across Goldman Sachs

     

    • Policies & Reporting: Maintaining an understanding of stewardship best practices and country-specific stewardship codes; Contributing to GSAM’s ongoing reporting and disclosures, such as the PRI, Stewardship Report and Policies

     

    • Industry Involvement & Partnership: Participating in select industry events; Monitoring key developments and sharing insights with the Stewardship Team and other internal stakeholders

     

     

    REQUIREMENTS

    • 2–5 years of experience conducting research as a financial analyst, performing shareholder engagement at a publicly listed company, or evaluating governance at a proxy advisory firm
    • Familiarity with the proxy voting process and policy development
    • Demonstrated willingness and ability to partner with GSAM’s portfolio managers
    • Strong professional character, self-starter, and ability to work as part of a diverse team
    • Solid written and verbal communication skills (fluent Japanese and business-level English)

    ABOUT GOLDMAN SACHS

    The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

    © The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.