Wealth Management Associate

Job Description

Overview

A Wealth Management Professional (WMP) will work to provide operational support to various business lines. A WMP will provide support to sales across all aspects of the trade execution life cycle, including new account onboarding, account documentation (OTCs, listed options, etc.), pre-trade suitability & setup checks, and post-trade monitoring. The role will involve working with other internal teams including operations, compliance, middle office, legal and wealth management teams. Additionally, a WMP may provide support for situations involving restricted & control stock. This may include providing Filings support for wealth management teams, relaying execution details to external Issuers for required filings, and working with internal operations and external stakeholders for share clean-up and delivery.

Alternative Capital Markets is a global team with 60+ alternative investment professionals across eight offices, responsible for over $120B+ in AUS, serving institutions, foundations, family offices, high net worth and ultra-high net worth individuals. ACM is the architect of the Wealth Alternatives platform including private equity, growth / venture capital, private credit, private real estate, hedge funds, co-investments and impact private investing. These offerings include AM Private, XIG, and third-party external investment strategies, as well as differentiated private company access via both internal and external referrals. ACM’s full-service capital markets business covers the entire lifecycle of an alternative investment, from investment sourcing to client solutions, as well as a discretionary offering enabling programmatic platform access, an in-house liquidity platform for clients (qualified matching service, or QMS), and dedicated platform management and strategy.

APS generally sources investments for client portfolios based on what is broadly available to GS PWM clients through the ACM platform, although may from time to time offer exclusive investment offerings available exclusively to APS and/or a limited subset of clients.

Responsibilities

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.
Liaise with PWM teams and partner with Client Onboarding Team, Compliance, Legal and Operations to support all aspects of APS client account onboarding and management
Facilitate initial onboarding of client relationships, including providing guidance throughout the Account Opening and initial Master Subscription document completion process as well as liaising with Fried Frank to obtain account approvals
Assist with the accurate and timely booking of trades across multiple alternatives asset classes (e.g., private equity, private credit, private real assets)
Process and reconcile subscription activity. Resolve any discrepancies or exceptions in a timely manner
Manage the ongoing processing of all transactions and ad hoc requests related to trade support

Preferred Qualifications

Bachelor's Degree Required
Minimum of 2 years of experience
Ability to work in a fast-paced environment and think clearly under pressure
Excellent communication skills
Strong organizational skills
Team player
Detail-oriented
Knowledge of Windows technology (Outlook, Excel and Word)
SIE, Series 7 and 63 required (must be obtained within three months of employment

Unlock the Full Role

See the structured details that can help you decide how to apply and prepare.

About Company

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.

Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity