Asset & Wealth Management, Private Bank, Finance, Capital & Funding, Associate - Dallas

Goldman Sachs • Dallas, TX

229d

About The Position

As a member of the Finance, Capital and Funding team, you will play a key role in efficiently managing the financial resources of the Private Bank Lending business. 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 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 tailored solutions against private assets such as aviation, fine art or vineyards.

Requirements

• Bachelor's degree required.
• 3-6 years' experience supporting financial services with a general understanding of leveraged finance, fixed income, or banking.
• Excellent communication and interpersonal skills, with desire to work in a fast paced, high pressure, results driven environment.
• Ability to work on multiple tasks with a high attention to detail and flexible with hours.
• Strong financial, analytical and presentation skills, with working knowledge of multiple asset classes.

Responsibilities

• Understand, analyze, and present on overall business performance and trends.
• Oversight of risk limits, balance sheet, and capital planning.
• Own and review business planning and stress testing by firm management.
• Support Lenders to drive strategic initiatives and new product launches via data analysis, financial modeling, and presentation preparation.
• Oversight of the risk integrity of loan book including origination, servicing, and portfolio management by coordinating across underwriters, operations, and other internal stakeholders.
• Continuous improvement of liquidity, capital, internal loan booking and funding processes.
• Work as the face of the business when dealing with internal groups to help resolve issues related to Private Bank products.
• Engage with Lenders, Underwriters & Bank Management on the credit pipeline to ensure the business is adequately funded.
• Maximize revenues within liquidity risk tolerance and execute projects to enhance capital footprint.
• Oversight of the governance and controls framework.
• Work with senior management to ensure the results and projections of the Private Bank are communicated with internal stakeholders.
• Ownership of private wealth advisor incentive plan for lending products.
• Partner with Engineering team on driving the various strategic initiatives of the Private Bank.

What This Job Offers

• Career Level: Mid Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree