Asset & Wealth Management, Private Wealth Management, Goldman Sachs Trust Company, Senior Trust Officer, Vice President - Wilmington, DE
About The Position
As a Senior Trust Officer (STO) within Goldman Sachs Private Wealth Management, you will serve as a trusted advisor to high-net-worth clients, navigating complex fiduciary landscapes alongside our top tax, estate, and wealth management experts. This role involves managing and administering key trust company client relationships and fiduciary accounts, working closely with Private Wealth Advisors (PWAs) to develop long-term relationships with clients, families, and beneficiaries. You will interpret and understand estate planning instruments, apply fiduciary laws and practices, coordinate investment processes, and contribute to new business development. The Goldman Sachs Trust Company (GSTC) is an essential component of Goldman Sachs' private wealth management offering, providing world-class trust, estate, and charitable administration services to ultra-high-net-worth clients across the United States.
Requirements
- Bachelor's degree required
- 7+ years of experience administering trusts and/or estates
- Understanding of “Regulation 9” requirements and core concepts affecting fiduciary administration
- Expertise in trust, estate, and tax administration and/or planning
- Understanding of financial markets and prudent investor standards
- Strong team orientation
- Ability to work in a fast-paced environment and think clearly under pressure
- Self-motivated and able to work in an autonomous, yet collaborative environment
- Strong verbal and written communication skills, as well as strong organizational and interpersonal skills
- Commitment to excellence and a high level of integrity
Nice To Haves
- Law degree a strong plus
- CTFA designation a plus
- Accounting background and/or fiduciary tax expertise a plus
Responsibilities
- Serve as primary officer responsible for the management and administration of key trust company client relationships and fiduciary accounts
- Manage a book of trust company accounts among a team of professionals, including one or more junior trust officers and a wealth management professional.
- Work closely with PWA Teams to develop long-term relationships with clients, families and beneficiaries
- Coordinate client management with PWAs, engaging regularly with clients, family members and their attorneys and advisors
- Interpret and understand estate planning instruments including, trusts, wills, tax filings and other related documents governing each account
- Understand and apply fiduciary laws and practices in a proactive manner, implementing estate and trust planning strategies
- Understand investment goals and objectives and coordinate the investment process with GSTC investment officers and PWAs
- Contribute to new business development efforts, representing the GSTC in meetings with prospects, attorneys, and other professional advisors
- Perform responsibilities consistent with best fiduciary and risk management practices
- Handle complex trust and relationship matters
- Manage regulatory reviews and discretionary distribution requests
- Coordinate and oversee tax preparation on accounts with our tax compliance service provider
- Participate in internal and external marketing efforts and thought leadership
- Keep current on federal and applicable state fiduciary and tax laws
Benefits
- training and development opportunities
- firmwide networks
- benefits
- wellness
- personal finance offerings
- mindfulness programs
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What This Job Offers
Job Type
Full-time
Career Level
Senior
