Private Wealth Management, Business Development Professional, Associate - Washington D.C

Goldman Sachs•Washington, DC

4d•Onsite

About The Position

The Business Development Professional (BDP) role within Private Wealth Management (PWM) at Goldman Sachs involves working closely with Private Wealth Advisors (PWAs) to support existing client relationships and drive new business generation. BDPs will gain expertise in building and monitoring client portfolios, and learn various methods for sourcing new clients. High-performing BDPs are expected to transition into the PWA role and develop their own client base. This role is crucial for growing the PWM team's wallet share and new business. PWM specializes in creating comprehensive wealth management plans for ultra-high net worth individuals and families, as well as select institutions. PWAs work one-on-one with clients to provide customized strategies leveraging Goldman Sachs' investment experience, wealth management capabilities, and global reach. The services offered include investment advice, tax and estate planning, philanthropic planning, and private banking/lending services.

Requirements

Bachelor's degree
Related financial services experience of 3+ years
Interest in pursuing a career as a Private Wealth Advisor
Ability to work in a fast-paced environment and think clearly under pressure
Strong interest in the financial markets and good investment sense/commercial instinct
Ability to multi-task and work with a variety of partners across the firm
Entrepreneurial spirit coupled with a desire to work in a team-oriented environment
Excellent verbal and written communication skills
Strong interpersonal skills and ability to build and foster a strong network of relationships
Creative approach to problem solving
Strong project management and organizational skills
SIE, Series 3, 7 and 63 (must be obtained within three months of employment)

Nice To Haves

Obtaining CFA Charter and/or CFP highly encouraged and will be sponsored in accordance with firm policy

Responsibilities

Work closely with PWAs to both support existing client relationships and drive new business generation
Conduct client-facing analyses for client portfolios, spanning strategic and tactical asset allocation as well as portfolio risk / return
Monitor macroeconomic trends and internal research publications, considering their potential impact on client portfolios
Act as the growth engine for the PWM team across both wallet share and new business
Develop a system for sustained outreach to prospective clients, spanning general marketing presentations, investment specific materials, strategic research publications, and client events
Act as the PWM team’s central point of contact for client relationship management in Salesforce
Participate in the PWM team’s prospective client meetings and coordinate follow-up, as needed
Manage internal new business strategy meetings, developing agendas and driving associated action items