Wealth Management
Across Wealth Management, Goldman Sachs helps empower clients and customers around the world to reach their financial goals. Our advisor-led wealth management businesses provide financial planning, investment management, banking and comprehensive advice to a wide range of clients, including ultra-high net worth and high net worth individuals, as well as family offices, foundations and endowments, and corporations and their employees. Our consumer business provides digital solutions for customers to better spend, borrow, invest, and save. Across Wealth Management, our growth is driven by a relentless focus on our people, our clients and customers, and leading-edge technology, data and design.
Goldman Sachs Private Bank
Goldman Sachs Private Bank provides competitive borrowing and cash management solutions from Goldman Sachs Bank USA that are strategically integrated with our client's wealth management goals. Our experienced team partners with Private Wealth Advisors (PWAs) to advise clients on new loans, refinancing and restructuring of existing loans along with overall liability management. Our lending advisors and mortgage specialists provide a wide range of creative borrowing solutions against asset classes ranging from marketable securities and alternative investments, residential and commercial real estate to more tailored solutions against private assets such as aviation, fine art or vineyards. All team members are employees of Goldman Sachs Bank, USA.
HOW YOU WILL FULFILL YOUR POTENTIAL
- Establish and maintain strong internal relationships to drive lending activity
- Responsible for driving growth by identifying and implementing lending growth opportunities with PWM coverage teams
- Advise clients and advisors on appropriate tailored lending solutions and contribute to our reputation of excellence in execution
- Join prospect and client meetings with PWAs to raise awareness of Goldman Sachs Private Bank and the solutions available
- Act as first layer of control for new opportunities by pre-screening lending requests and structuring creative loan proposals that work for both the client and Firm.
- Partnering with our US Underwriting team on submitting credit memos and overall portfolio and risk management
- Taking the lead in navigating solutions for initial default situations or at risk accounts within your portfolio.
- Ensuring effective and consistent compliance to credit and control procedures
- Manage expectations through strong communication with clients and their PWAs
SKILLS & EXPERIENCE WE'RE LOOKING FOR
- 8+ years' experience in UHNW lending origination and credit analysis in a private bank or commercial banking organization
- Expert knowledge in Securities Based financing preferred
- Experience with Reg T margin lending preferred
- Ability to advise clients and where appropriate creatively structure sophisticated solutions to help clients meet their objectives
- Excellent oral and written communication skills
- Detail oriented with strong analytical skills
- Strong collaboration skills in a team environment
- Desire to continue the growth in a dynamic business.
- Completion of a formal credit training program preferred
- Bachelor's Degree required
- Series 7 and 63 certification preferred
ABOUT GOLDMAN SACHS
At Goldman Sachs, we commit our people, capital and ideas