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AWM, Private Bank Lending, Senior Lending Advisor, Managing Director, NYC

Goldman Sachs

Goldman Sachs

Operations
New York, NY, USA
Posted on Thursday, June 6, 2024

Job Description

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, lending, 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

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 specialized solutions against private assets such as aviation, maritime, fine art and collectibles or vineyards. Lending Advisors are employees of Goldman Sachs Bank, USA.

YOUR IMPACT

The Private Bank is seeking a Senior Lending Advisor (at the Managing Director level) based in New York. If you can provide a wide range of creative borrowing solutions against multiple asset classes, come join our team.

HOW YOU WILL FULFILL YOUR POTENTIAL

  • Establish and maintain strong internal relationships to drive lending activity
  • Drive relationship and interaction with PWAs around adviser education, engagement and identifying lending opportunities through client and prospect reviews
  • Responsible for driving growth by identifying and implementing lending growth opportunities with PWM teams
  • Advise clients and advisors on appropriate specialized lending solutions and contribute to our reputation of excellence in execution
  • Join prospect and client meetings 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 and Portfolio Management team on structuring deals, 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 (in partnership with Underwriting and Portfolio Management).
  • Ensuring effective and consistent compliance to credit and control procedures
  • Manage expectations through strong communication with clients and prospects

SKILLS & EXPERIENCE WE’RE LOOKING FOR

  • 12+ years’ experience in a UHNW specialized lending origination and credit analysis in a private bank or commercial banking organization
  • Expert knowledge in Commercial Real Estate financing preferred
  • Experience with evaluating and structuring loans other asset classes including private equity, collectibles, aviation, marine and hobby properties.
  • 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 or relevant experience