Asset & Wealth Management, Alternative Capital Markets, Wealth Management Professional, Associate - Dallas

Wealth Management Professional

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.

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.

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.

A Wealth Management Professional (WMP) on the APS team will be expected to:

• 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
• Serve as a liaison with various internal departments, including Operations, Engineering, Strats, Controllers, Risk, and Compliance, to facilitate issue resolution and process improvement
• Participate in group projects to improve quality and efficiency within the team
• Identify opportunities to streamline processes and automate tasks
• Manage subsequent account maintenance, including initiating the annual re-attestation process for accounts
• Serve as a key liaison for PWM teams to support ongoing account monitoring, for purposes including but not limited to performance reporting, portfolio planning, investment veto tracking

A WMP may also be involved in broader APS responsibilities, including:

• APS marketing and portfolio review conversations with teams and clients
• Portfolio management and investment selection review and memo preparation
• Liaising with Engineering and Strats to enable continual improvement in APS infrastructure (e.g., Portfolio Management Dashboard)
• Strategic business building and platform expansion initiatives

Skills & Experience We're Looking For:

• 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

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.

We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more:

The Goldman Sachs Group, Inc. All rights reserved.

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

Job Info

• Job Identification 176899
• Job Category Associate
• Locations Dallas, TX, United States