Asset & Wealth Management, Securities Based Lending Advisor, Vice President - New York New York[...]

Goldman Sachs Bank AG; New York (NY); On-site; USD 115,000 - 270,000; Full time

Job summary

Goldman Sachs is seeking a Securities Based Lending Advisor at the Vice President level in New York. The role involves advising ultra-high net worth clients on tailored lending solutions, requiring extensive experience and a strong background in credit analysis and financing. The successful candidate will join a dynamic team, leveraging strong analytical and communication skills to drive growth in lending activities.

Benefits

Healthcare & Medical Insurance

Generous vacation policies

Financial Wellness & Retirement support

On-site fitness centers

On-site childcare services

Qualifications

• 8+ years of UHNW lending origination experience in a private bank or commercial banking.
• Completion of a formal credit training program preferred.
• Series 7 and 63 certifications preferred.

Responsibilities

• Establish and maintain relationships to drive lending activity.
• Advise clients on tailored lending solutions.
• Collaborate with underwriting team on credit memos.

Skills

Securities Based financing

Credit analysis

Oral communication

Written communication

Analytical skills

Collaboration

Education

Bachelor's Degree

Job description

Asset & Wealth Management, Securities Based Lending Advisor, Vice President - New York location_on New York, New York, United States

Opportunity Overview sitemap_outline CORPORATE TITLE Vice President language OFFICE LOCATION(S) New York assignment JOB FUNCTION External Product Specialists account_balance DIVISION Asset & Wealth Management monetization_on SALARY RANGE USD 115,000 - 270,000

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 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 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.

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 $115000-$270000. 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 available to 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.