Asset & Wealth Management, Client Solutions Group, Retirement Solutions, Defined Contribution ([...]

Goldman Sachs Bank AG; Chicago (IL); On-site; USD 100,000 - 230,000; Full time

Job summary

Goldman Sachs is seeking a Vice President for its Retirement Solutions team in Chicago. This role involves managing relationships with large plan sponsors and requires extensive experience in the Defined Contribution market. The ideal candidate will excel in client development and possess strong communication skills, contributing to the firm's commitment to delivering top-tier asset management services.

Benefits

Healthcare & Medical Insurance

Competitive Vacation Policies

Financial Wellness & Retirement Support

On-site Fitness Centers

Child Care & Family Care

Qualifications

• 10+ years in Defined Contribution or asset management.
• Strong knowledge of DC services and investment products.

Responsibilities

• Maintain relationships with large plan sponsors.
• Develop strategic plans for clients.
• Collaborate with internal teams for business opportunities.

Skills

Presentation

Communication

Client Development

Territory Management

Problem Solving

Education

Bachelor's Degree

Tools

Salesforce

Job description

Asset & Wealth Management, Client Solutions Group, Retirement Solutions, Defined Contribution (DC) Midwest Institutional Sales - Vice President location_on Chicago, Illinois, United States

Opportunity Overview sitemap_outline CORPORATE TITLE Vice President language OFFICE LOCATION(S) Chicago assignment JOB FUNCTION Sales account_balance DIVISION Asset & Wealth Management monetization_on SALARY RANGE USD 100,000 - 230,000

Asset & Wealth Management

A career with Goldman Sachs Asset & Wealth Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world’s leading asset managers with over $2 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions, and building meaningful relationships with your clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset & Wealth Management provides clients around the world with a dedicated partnership and focus on long-term performance. As primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals.

MORE ABOUT THIS JOB

This role resides in the Retirement Solutions business within the Client Solutions Group of Goldman Sachs Asset Management (GSAM). Retirement Solutions includes our Defined Contribution business, our Retirement Intermediary and Insurance business and a dedicated large market retirement distribution effort. Within Defined Contribution, our primary offerings span investment products across the asset class spectrum (DCIO), advisory/OCIO services and digital advice/managed accounts.

YOUR IMPACT

We are seeking a highly motivated and experienced Vice President to join a dedicated large market distribution team within our Retirement business. Based within the Client Solutions Group, this individual will identify, develop and maintain relationships with large plan sponsors, represent our Defined Contribution services and work in close coordination with other internal sales and consultant relations partners in the West Coast. This individual has experience working in a relevant aspect of the Defined Contribution market and is a strong communicator, effective presenter, self-motivated and well-versed in a wide array of investment products and services relevant to large DC plans. We are seeking someone with the ability to manage a territory, strengthen client relationships, deliver follow-through and cold call successfully while coordinating internally with other teams in a highly collaborative environment.

OUR IMPACT

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.

The Retirement Solutions business operates across our many parts of GSAM, including our Client Solutions Group, Public and Private investing areas, and our Engineering and Operations teams. Together, we provide leading investment management, advisory and digital advice services to Defined Contribution plans and providers, insurers, intermediaries and other business partners.

RESPONSIBILITIES AND QUALIFICATIONS

HOW YOU WILL FULFILL YOUR POTENTIAL

• Maintain direct and/or co-coverage responsibility for large plan sponsor organizations focused on generating new sales and maintaining ongoing relationships
• Quickly develop expertise across the GSAM DCIO product array
• Build familiarity with our other DC services, such as advisory/OCIO and digital advice/managed accounts, where subject matter experts are available for partnership with you as specific opportunities develop
• Develop and execute a strategic plan for each individual client, which outlines selling opportunities, a service plan and specific deliverables across all asset classes, in coordination with other distribution teams
• Collaborate with investment and product teams to prepare and review materials for new business opportunities and existing client relationship meetings
• Participate in internal tracking and business planning exercises
• Provide market feedback to management and product teams
• Participate in industry forums and maintain significant external industry presence
• Effectively manage a large geographical territory (specific territory and coverage is flexible)

SKILLS & EXPERIENCE WE’RE LOOKING FOR

Minimum Qualifications:

• Bachelors degree and 10+ years of work experience in relevant area(s) of the Defined Contribution and/or asset management industries
• Strong work ethic, highly self-motivated and entrepreneurial
• Exceptional presentation and communication skills
• Strong territory management and client development skills, including ability to cold call successfully
• Ability to maintain a consistent travel schedule, and manage to a travel budget
• Strong knowledge of DC services and relevant investment products across all major asset classes
• Strong organizational and problem-solving skills, with attention to detail and excellent follow-through
• Highly collaborative and thrives in a team-based environment
• Interpersonal skills: ability to build the trust and confidence of clients, ability to strengthen client relationships through ongoing dialog and interactions, ability to work well with others internally to accomplish client objectives
• Compliance-oriented

Preferred Qualifications:

• Existing relationships with large DC plan sponsors and consultants
• Functional understanding of Salesforce / CRM platforms
• MBA or CFA charter a plus
• Series 7 and 63 required (or must be obtained within three months of employment)

Salary Range
The expected base salary for this Chicago, Illinois, United States-based position is $100000-$230000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally availableto active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here .

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.