Private Wealth Management, Business Development Professional, Associate - Washington D.C Washin[...]

Goldman Sachs; Washington (District of Columbia); On-site; USD 110,000 - 160,000; Full time

Job summary

Goldman Sachs Private Wealth Management seeks a Business Development Professional, Associate in Washington, DC. You will support PWAs, analyze client portfolios, and drive new business while coordinating outreach and events.

The role emphasizes relationship building, market insight, and a structured approach to growth within a fast-paced, team-oriented environment.

Qualifications

• Related financial services experience of 3+ years
• Interest in pursuing a career as a Private Wealth Advisor
• Ability to work in a fast-paced environment and think clearly under pressure
• Strong interest in the financial markets and good investment sense/commercial instinct
• Ability to multi-task and work with a variety of partners across the firm
• Entrepreneurial spirit coupled with a desire to work in a team-oriented environment
• Excellent verbal and written communication skills
• Strong interpersonal skills and ability to build and foster a strong network of relationships
• Creative approach to problem solving
• Strong project management and organizational skills
• SIE, Series 3, 7 and 63 (must be obtained within three months of employment)
• Obtaining CFA Charter and/or CFP highly encouraged and will be sponsored in accordance with firm policy

Responsibilities

• Work closely with PWAs to both support existing client relationships and drive new business generation
• Conduct client-facing analyses for client portfolios, spanning strategic and tactical asset allocation as well as portfolio risk / return
• Monitor macroeconomic trends and internal research publications, considering their potential impact on client portfolios
• Act as the growth engine for the PWM team across both wallet share and new business
• Develop a system for sustained outreach to prospective clients, spanning general marketing presentations, investment specific materials, strategic research publications, and client events
• Act as the PWM team’s central point of contact for client relationship management in Salesforce
• Participate in the PWM team’s prospective client meetings and coordinate follow-up, as needed
• Manage internal new business strategy meetings, developing agendas and driving associated action items

Skills

Financial services experience

Business development

Client relationship management

Sales & prospecting

Portfolio analysis

Job description

Private Wealth Management, Business Development Professional, Associate - Washington D.C location_on Washington, DC, United States

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.

Private Wealth Management (PWM)

Goldman Sachs Private Wealth Management (PWM) specializes in creating comprehensive wealth management plans for ultra 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.

Business Development Professionals (BDPs) will work alongside Private Wealth Advisors (PWAs) across both existing client relationships and new business generation.In this role, BDPs will gain the investment expertise to build and monitor client portfolios as well as exposure to various methods for sourcing new client relationships. High performing BDPs are expected to transition into the PWA role and begin building their own book of business.

HOW YOU WILL FULFILL YOUR POTENTIAL

• Work closely with PWAs to both support existing client relationships and drive new business generation
• Conduct client-facing analyses for client portfolios, spanning strategic and tactical asset allocation as well as portfolio risk / return
• Monitor macroeconomic trends and internal research publications, considering their potential impact on client portfolios
• Act as the growth engine for the PWM team across both wallet share and new business
• Develop a system for sustained outreach to prospective clients, spanning general marketing presentations, investment specific materials, strategic research publications, and client events
• Act as the PWM team’s central point of contact for client relationship management in Salesforce
• Participate in the PWM team’s prospective client meetings and coordinate follow-up, as needed
• Manage internal new business strategy meetings, developing agendas and driving associated action items

SKILLS & EXPERIENCE WE ARE LOOKING FOR

• Related financial services experience of 3+ years
• Interest in pursuing a career as a Private Wealth Advisor
• Ability to work in a fast-paced environment and think clearly under pressure
• Strong interest in the financial markets and good investment sense/commercial instinct
• Ability to multi-task and work with a variety of partners across the firm
• Entrepreneurial spirit coupled with a desire to work in a team-oriented environment
• Excellent verbal and written communication skills
• Strong interpersonal skills and ability to build and foster a strong network of relationships
• Creative approach to problem solving
• Strong project management and organizational skills
• SIE, Series 3, 7 and 63 (must be obtained within three months of employment)
  • Obtaining CFA Charter and/or CFP highly encouraged and will be sponsored in accordance with firm policy

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 employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

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

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