THE DIVISION

Private Wealth Management (PWM) secures, develops and manages relationships with high net worth individuals, their families, family offices and foundations. PWM assists clients with building and preserving their financial wealth by creating and implementing long-term asset allocation within the context of each client’s particular risk tolerance, and by providing access to innovative investment ideas and opportunities. PWM professionals develop customized investment strategies and offer a full array of wealth management products and services, including private banking and trust company services. 

THE TEAM

Private Wealth Management (PWM) Operations team is seeking an Analyst to join the Client Onboarding team. The professional will collaborate with our Clients, PWM Sales & Business teams, as well as Legal, Compliance, Anti Money Laundering and other Operations teams, to facilitate account onboarding for PWM Clients while monitoring for risk, identifying fraud, External Regulatory engagement and ensuring compliance to Firmwide and internal regulatory policies. There will be a strong focus on providing best in class client service and subject matter expertise to our business partners and clients directly. The professional will also have the opportunity to be innovative by improving processes, reducing risk and increasing efficiency. 

OUR IMPACT

Operations is a dynamic, multi-faceted division that partners with all parts of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. In addition, Operations provides essential risk management and control to preserve and enhance the firm’s assets and its reputation. For every trade agreed, every new product launched or market entered, every transaction completed, it is Operations that develops the processes and controls that makes business flow.

Client Onboarding is a dynamic, fast paced and highly regulated function that focuses on account documentation, data integrity, risk management and regulatory requirements. Client Onboarding is responsible for capturing all necessary information for regulatory and firm policies and performing due diligence on all new accounts. We work closely with PWM business teams, PWM Compliance, PWM Legal, and other Operations groups to ensure a positive client experience during the onboarding process.

HOW YOU WILL FULFILL YOUR POTENTIAL

Develop relationships with PWM business teams, PWM Compliance, PWM Legal, and other Operations groups to ensure that PWM Operations is providing the highest quality introductory experience throughout the on boarding processEnsure that all client documentation required by the Firm’s Customer Identification Program (CIP) is received, reviewed and approved within the appropriate timeframes in line with AML and Know Your Client requirementsEnsure downstream systems correctly recognize approved clients, products and services, including Cash products, Client Statement and Performance reporting Review relevant client and Legal documentation, verify client signatures and perform regulatory and risk related exception processingProcess and control analysis to ensure effective oversight and risk management including the adherence to and enforcement of Firmwide policy and relevant regulationsResolve issues through coordination with PWM business, PWM Compliance, PWM Legal and other Operations teamsWork with various teams, including the PWM business and Operations, on process improvement and strategic projects

SKILLS & EXPERIENCE WE’RE LOOKING FOR

BASIC QUALIFICATIONS

Bachelor’s degree Knowledge of MS Office (Word, Excel, etc.) as well as proficiency with web-based applicationsGood understanding of the financial industry including active interest in financial services and OperationsStrong interpersonal skills with ability to build the trust and confidence in capabilities, work well with others internally to accomplish client objectivesMust be a team player, hardworking, resourceful and eager to learnMust be able to multi-task, prioritize work, and work well under pressure from multiple clients/constituents to respond to inquiries quicklyHighly organized, attention to detail and excellent follow through skillsProactive, self-starting individual with high levels of ownership and ability to work independently, to gather information, make decisions and drive results.Highly motivated with enthusiasm to learn the business and the clients we support
  ABOUT GOLDMAN SACHS
  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. 
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