Asset & Wealth Management, Private Bank, Finance, Capital & Funding, Associate - New York New Y[...]

Goldman Sachs Bank AG; New York (NY); On-site; USD 85,000 - 160,000; Full time

Job summary

Goldman Sachs is seeking a key member for the Finance, Capital and Funding team within its Private Bank Lending business in New York. In this role, you'll manage financial resources, oversee risk, and support strategic initiatives, contributing to the overall effectiveness and competitiveness of the Private Bank's offerings.

Benefits

Healthcare & Medical Insurance

Generous Vacation Policies

Financial Wellness Programs

On-site Fitness Centers

Child Care Services

Qualifications

• 3-6 years' experience in financial services with understanding of leveraged finance, fixed income, or banking.
• Ability to work on multiple tasks under pressure.
• Strong financial and presentation skills.

Responsibilities

• Analyze and present overall business performance and trends.
• Oversight of risk limits and capital planning.
• Work with stakeholders to enhance funding processes.

Skills

Analytical Skills

Communication

Interpersonal Skills

Attention to Detail

Education

Bachelor's Degree

Job description

YOUR IMPACT

As a member of the Finance, Capital and Funding team, you will play a key role in efficiently managing the financial resources of the Private Bank Lending business.

OUR IMPACT

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 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 PWAs to advise clients on new loans, refinancing and restructuring of existing loans along with overall liability management. Our lenders 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

• Understand, analyze, and present on overall business performance and trends.
• Oversight of risk limits, balance sheet, and capital planning
• Own and review business planning and stress testing by firm management
• Support Lenders to drive strategic initiatives and new product launches via data analysis, financial modeling, and presentation preparation
• Oversight of the risk integrity of loan book including origination, servicing, and portfolio management by coordinating across underwriters, operations, and other internal stakeholders (e.g., Controllers and Risk)
• Continuous improvement of liquidity, capital, internal loan booking and funding processes
• Work as the face of the business when dealing with internal groups to help resolve issues related to Private Bank products

Resource Management -

• Engage with Lenders, Underwriters & Bank Management on the credit pipeline to ensure the business is adequately funded.
• Maximize revenues within liquidity risk tolerance and execute projects to enhance capital footprint
• Oversight of the governance and controls framework
• Work with senior management to ensure the results and projections of the Private Bank are communicated with internal stakeholders
• Ownership of private wealth advisor incentive plan for lending products
• Partner with Engineering team on driving the various strategic initiatives of the Private Bank

SKILLS & EXPERIENCE WE'RE LOOKING FOR

• Bachelor's degree required
• 3-6 years' experience supporting financial services with a general understanding of leveraged finance, fixed income, or banking
• Excellent communication and interpersonal skills, with desire to work in a fast paced, high pressure, results driven environment.
• Ability to work on multiple tasks with a high attention to detail and flexible with hours.
• Strong financial, analytical and presentation skills, with working knowledge of multiple asset classes.

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

Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.

Salary Range
The expected base salary for this New York, New York, United States-based position is $85000-$160000. 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.