• CIMD, PWM, Trust Services, Wealth Management Professional, Analyst

    Location(s) US-NY-New York
    Job ID
    2019-54947
    Schedule Type
    Full Time
    Level
    Analyst
    Function(s)
    Investment Management
    Region
    Americas
    Division
    Consumer and Investment Management Division
    Business Unit
    Trust Services
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    CONSUMER AND INVESTMENT MANAGEMENT DIVISION (CIMD)

    The Consumer and Investment Management Division includes Goldman Sachs Asset Management (GSAM), Private Wealth Management (PWM) and our Consumer business (Marcus by Goldman Sachs). We provide asset management, wealth management and banking expertise to consumers and institutions around the world. CIMD partners with various teams across the firm to help individuals and institutions navigate changing markets and take control of their financial lives.

     

    PWM

    Goldman Sachs Private Wealth Management (PWM) specializes in creating comprehensive wealth management plans for high net worth individuals and families, as well as select institutions, including foundations and endowments. PWM Teams work one-on-one with clients to advise and deliver customized strategies drawn from our deep investment experience, diverse wealth management capabilities and global reach. Our Private Wealth Advisors (PWAs) deliver an unparalleled investment platform inclusive of the full product and service offerings of Goldman Sachs and beyond, which may include tax and estate planning, philanthropic planning and private banking and lending services. As client needs evolve, this close relationship allows the team to offer complementary services and new opportunities by leveraging the resources of Goldman Sachs and beyond.

     

    YOUR IMPACT

    Are you a quick-thinking self-starter with a passion for helping families achieve their long-term financial goals, the desire to work closely with top fiduciary, tax and wealth management professionals, and the ability to think outside the box?  Our Trust Officers (TO) administer trusts, estates and other fiduciary accounts for high net worth clients of Goldman Sachs Private Wealth Management.  We are seeking professionals who have the ability to thrive in a fast-paced environment where attention to detail, strong communication and organization skills, and client service are essential to maintaining and enhancing our business.


    OUR IMPACT

    Goldman Sachs Private Wealth Management (PWM) secures, develops and manages relationships with high net worth individuals, their families, family offices and foundations.  PWM assists clients with building and preserving their financial wealth by creating and implementing long-term asset allocation within the context of each client’s particular risk tolerance, and by providing access to innovative investment ideas and opportunities.  PWM professionals develop customized investment strategies and offer a full array of wealth management products and services, including private banking and trust company services. An integrated part of PWM is The Goldman Sachs Trust Company (GSTC), N.A.. a limited-purpose national bank offering world-class, sophisticated trust and estate administration services to ultra-high-net-worth clients.

    RESPONSIBILITIES AND QUALIFICATIONS

    The GSTC New York office has an opening for a Wealth Management Professional (WMP).  A WMP provides relationship management and support, and is a key person in managing the ongoing operational aspect of the client experience.

     

    Responsibilities:

    • Support the Trust Administration team with the operation, maintenance, and monitoring of client accounts
    • Administer cash management functions, including journals, checks and wires
    • Assist with the new account onboarding process, including documentation and funding  
    • Prepare tax payments and other related tax filings
    • Manage client account oversight activities to comply with regulatory requirements
    • Reconcile and verify account activity and research historical data as needed
    • Help coordinate investment advisory account implementation
    • Serve as liaison to other areas supporting PWM business
    • Assist on projects related to new business development and strategic planning
    • Participate in efforts to improve efficiencies within the GSTC business
    • Submit Travel and Entertainment expenses for the NY office

     

    Qualifications

    • Professional experience as a Paralegal or Fiduciary Assistant with a trust company a plus
    • Ability to work in a fast-paced environment and think clearly under pressure
    • Excellent communication skills
    • Strong organizational skills
    • Team player
    • Detail-oriented
    • Knowledge of Windows technology (Outlook, Excel and Word)
    • Experience in estate administration a plus

    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.