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Asset & Wealth Management, Regulatory Solutions, Vice President - New York

Goldman Sachs

Goldman Sachs

Accounting & Finance, Legal
New York, NY, USA
Posted on Thursday, June 6, 2024

Job Description

ASSET & WEALTH MANAGEMENT OPERATIONS

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.

OPERATIONS

Operations is a dynamic, multi-faceted function that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.

Within Operations, Asset Wealth Management (AWM) delivers asset management and wealth management capabilities to clients around the world. We are a multi-faceted group that partners with all areas of the Investment Management Division to support evolving markets and business requirements. Alongside that vital service delivery role, AWM Operations provides essential risk management and control.

OUR IMPACT

Client On-boarding is a key function performed at the forefront of the firm’s commercial aspirations. We work hand in hand with the PWM Sales teams in providing a best in class on boarding experience for new clients. Client On-boarding is responsible for capturing all necessary information for regulatory and firm policies and perform due diligence on all new accounts and works closely with PWM business teams, PWM Compliance, PWM Legal, and other Operations groups to ensure a positive client experience during the on-boarding process. Our ability to partner in this role is key and therefore a significant skill-set for this role is stakeholder management.

JOB SUMMARY & RESPONSIBILITIES

  • Develop relationships with PWM business teams, PWM Compliance, PWM Legal, and other Operations groups to ensure that PWM Operations is providing the highest quality introductory experience throughout the on-boarding process
  • Ensure that all client documentation required by the Firm’s Customer Identification Program (CIP) is received, reviewed and approved within the appropriate time-frames in line with AML and Know Your Client requirements
  • Understand Front to Back data flow to ensure downstream systems correctly recognize approved clients, products and services, including Cash products, Client Statement and Performance reporting.
  • Ability to resolve issues through coordination with PWM business, PWM Compliance, PWM Legal and other Operations teams
  • Supporting SALES, CRM, and Other regional teams by providing accurate and timely information and overseeing all aspects of support of each pooled vehicle

BASIC QUALIFICATIONS

  • Bachelor's degree required.
  • 0-1.5 years of work experience in Operations field. (preferrable)
  • Experience working in Client On-boarding, Account Maintenance, Customer Identification Program (CIP) and Know Your Customer (KYC) processes.
  • Proven analytical skills, problem solving ability, and a control mentality paired with meticulous attention to detail.
  • Aptitude for building relationships and ability to communicate complex issues to a wide array of internal clients with differing levels of product experience.
  • Self-motivated and proactive team player who takes ownership and accountability & has strong organizational skills as well as the ability to effectively manage competing priorities.
  • Flexible and able to work well under pressure, manage high volumes, and collaborate with a global team while maintaining a positive attitude.
  • Proficiency using the Microsoft Office Suite in particular Excel, PowerPoint and Microsoft Word.

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., 2024. All rights reserved.

Goldman Sachs is an equal employment/affirmative action employer