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Asset & Wealth Management Operations - Bank Relationship Management - New York - Associate

Goldman Sachs

Goldman Sachs

Accounting & Finance, Customer Service, Operations
New York, NY, USA
Posted on Thursday, June 6, 2024

Job Description

At Goldman Sachs, we connect people, capital and ideas to help solve problems for our clients. We are a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. For us, it’s all about bringing together people who are curious, collaborative and have the drive to make things possible for our clients and communities.

Operations is at the core of Goldman Sachs. For every trade agreed, every new product launched, or market entered, every transaction completed, it is Operations that enables business to flow. The Operations business partners with all areas of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. Alongside this vital service delivery role, Operations provides essential risk management and control, preserving and enhancing the firm’s assets and its reputation. Operations span all product lines and markets.

Asset & Wealth Management - Asset Management Operations is responsible for front-to-back operational support to the Goldman Sachs Asset Management and Merchant Bank businesses in service, delivery, and processing functions across the trade, client, and product lifecycle.

Responsibilities and Qualifications

The Bank Relationship Management team is responsible for the management of the front-to-back oversight governance framework for fund administrators, custodians and brokers across the Asset Management fund complex and institutional client managed accounts. GS Asset Management manages close to $1 trillion in more than 1,000 funds, distributed to clients across our client base.

Bank Relationship Management is looking for an experienced relationship coordinator at the associate level to join our growing team in New York, New York.

Responsibilities

  • Coverage and oversight of custodian and fund administrators to maximize potential value delivery across the firm
  • Creating and driving strategic projects for vendors based on divisional and business unit priorities and needs
  • Assisting with the evaluation, selection, negotiation and onboarding of new vendors and ongoing compliance with Firm vendor policies
  • Evaluate new business/products/markets and collaborate across teams to represent and drive work streams
  • Comply with internal risk frameworks and industry regulations to reduce risk and extract maximum value from our global network, connecting with stakeholders to lobby for internal or market change
  • Ability to operate independently and effectively drive multiple initiatives
  • Detail oriented with the ability to quickly identify and learn pertinent information across wide range of products
  • Excellent written, communication and presentation skills
  • Ability to work independently multi-task and prioritize work under tight deadlines
  • Intellectual curiosity, a strong work ethic and commitment to a superior work product
  • Ability to cultivate effective partnerships with a broad range of stakeholders
  • Forward thinking, with the ability to assert new ideas and follow them through
  • Self-motivated and proactive team player who takes ownership and accountability of projects
  • Strong organizational skills with the ability to effectively manage competing priorities
  • Explore solutions that leverage business intelligence, low code automation, industry utilities, and external vendor solutions

Qualifications

  • Bachelor’s degree or equivalent, with relevant industry experience

Preferred Qualifications

  • Relevant work experience of 3+ years
  • Ability to prioritize work in a fast-paced environment
  • Well-developed organizational skills
  • Fund experience is not required, but would be an advantage
  • Knowledge of fund products (i.e., mutual funds and alternative investment funds) and regulatory environments would be beneficial

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

© The Goldman Sachs Group, Inc., 2023. All rights reserved.

Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

Salary Range
The expected base salary for this New York, New York, United States-based position is $80000-$135000. 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.