Wealth Management-Dallas-Associate-Client Onboarding & Configuration

Goldman Sachs • Dallas, TX

2h

About The Position

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
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. All team members are employees of Goldman Sachs Bank, USA
Private Lending Services
The Private Lending Services (PLS) team is a key middle office control function supporting the Private Wealth Management (PWM) Private Lending organization. PLS originates new loans through GS BANK USA and GS International Bank for PWM clients and private equity firms across the Americas, EMEA, and Asia. The loans underwritten cover a diverse range of assets, including commercial real estate, GS, and third-party private equity/hedge funds (including co-invest facilities), aircraft, fine art, hobby properties, private company stock, and marketable securities.
The PLS team ensures client compliance with federal regulations throughout the loan lifecycle, from origination and funding to ongoing maintenance. Additionally, PLS actively contributes to business-related initiatives, such as new product development and system/operational enhancements.
PLS collaborates with underwriters and lenders to deliver customized solutions and exceptional service to clients.

Requirements

• Bachelor's degree required.
• Minimum 6 years of relevant professional experience.
• Demonstrated client service abilities, strong teamwork skills, and a proactive approach to handling time-sensitive and confidential tasks.
• Experience managing a functional area and associated processes.
• Proven ability to build and maintain effective relationships with senior business leaders across different divisions.
• Highly self-motivated and proactive team member with strong organizational skills, capable of prioritizing effectively and taking ownership of projects.
• Adaptable and capable of thriving under pressure within a collaborative team setting.
• Strong project management, multi-tasking, organizational skills, problem solving and analytical thinking.
• Desire to be part of a dynamic and growing business.

Responsibilities

• Acquire and maintain comprehensive expertise in Private Lending's product suite.
• Develop and implement the overall servicing strategy and framework for the co-invest product, aligning with regulatory requirements and business objectives.
• Effectively manage multiple tasks, including daily exception reviews, escalations, and project work. This requires the ability to prioritize tasks based on risk and regulatory requirements, and to adapt to changing priorities as needed.
• Provide accurate and timely reviews and approvals of customer drawdowns, covenant monitoring, profile creation, and other tasks to service a loan.
• Serve as a primary point of contact for internal stakeholders regarding specific queries, data reconciliation, and operational workflows.
• Identify opportunities to improve processes and procedures and implement enhancements to increase efficiency and effectiveness.
• Coordinate the execution of money movement by way of capital calls and distributions across multiple platforms while navigating exceptions throughout the life cycle of the loan. Throughout the process of cash management, effectively communicating with stakeholders as well as operational counterparts such treasury.
• Oversee and optimize workflows across various platforms, ensuring seamless data integration and efficient processing. This includes identifying and resolving bottlenecks, implementing automation where possible, and maintaining data integrity across systems.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level