Asset & Wealth Management-Seattle- Associate, Sales Support- 8300124

Goldman Sachs

29d ago

Job
Full-time
Mid Level
Sales & Business Development
Banking & Finance
Seattle

AI generated summary

You must have a Bachelor’s in Finance or related field and 3 years of relevant experience, including knowledge of trust structures, asset transfers, tax implications, and investment analysis.
You will manage UHNI client accounts, facilitate bespoke requests, analyze transactions, communicate complex documents, and improve processes while delivering exceptional client service.

Requirements

Bachelor’s degree (U.S. or foreign equivalent) in Economics, Finance, Mathematics, Global Management, Business or related field and three (3) years of experience in the job offered or in a related role. Prior experience must include two (2) years with the following: understanding of varying types of Trust structures (Revocable, Irrevocable, Grantor, and Non-Grantor) and LLCs as well as the impact that these structures have on clients and their assets; entering in asset transfer instructions and ensuring that wires and other transfers (journals, DTC, securities transfers, ACH, direct debit, and direct deposit) are transmitted both accurately and in their entirety; understanding of the tax implications of asset sales and purchases at both the state and federal level; understanding equities, fixed income, derivatives, and alternative investments in context of the financial markets. This also extends to real estate investments and hedge funds; utilizing systems to analyze client asset allocation and assess the suitability of specific investments; and understanding different lending structures (SBL, PBLL, margin) that are available as well as the costs associated with these options.

Responsibilities

Work in client service, operational processes, and wealth management matters including, dealing with UHNI (Ultra High Net Worth Individuals) clients and with all matters relating to their account set up including account opening and maintenance, client statements and other types of reporting, account performance, analyzing account transactions, different types of account transfers, asset servicing and corporate actions, class actions, and private lending solutions.
Handle and facilitate bespoke nature of client requests – navigate the organization and evaluate the best way to facilitate client requests and ensure exceptional client experience.
Communicate clearly and concisely in a high-pressure environment in explaining complex documents like account opening documents, private equity subscription documents etc., to clients so they can comprehend it well.
Own multiple competing priorities and exercise appropriate judgment when prioritizing requests, along with ensuring progress is made on multiple open requests so that client service is not impacted.
Operate autonomously and meet deadlines with little oversight.
Converse about financial market topics, financial products, and current events impacting markets.
Analyze client accounts, and their positions and balances to be able to understand how best to deal with client requests, cash availability for outgoing wires or cash and security transfers.
Deal with client service for high-net-worth clients, preferably in private wealth management and/or its related financial operations.
Improve processes, developing controls, and creating efficiencies to streamline workflows.
Align closely with clients to execute long-term wealth management plans which may include estate planning, trust structuring, asset allocation, portfolio oversight, or selection of portfolio managers.

FAQs

What is the job title for this position?

The job title is Associate, Sales Support in Asset & Wealth Management.

Where is this position located?

This position is located in Seattle, Washington.

What are the primary responsibilities of the role?

The primary responsibilities include client service, operational processes, account setup and maintenance, analyzing account transactions, facilitating client requests, and improving workflows for high-net-worth clients.

What educational qualifications are required for this role?

A Bachelor’s degree in Economics, Finance, Mathematics, Global Management, Business, or a related field is required.

How many years of experience are necessary for this position?

A total of three years of experience in the job offered or in a related role is necessary, with two years focused on specific financial knowledge and skills.

What specific experience is required in relation to trust structures?

The candidate must have experience understanding varying types of Trust structures (Revocable, Irrevocable, Grantor, and Non-Grantor) and their impact on clients and assets.

What financial products should the candidate have knowledge of?

The candidate should have knowledge of equities, fixed income, derivatives, alternative investments, real estate investments, and hedge funds.

What is the salary range for this position?

The annual base salary for this position is between $95,000 and $110,000.

Is there an opportunity for bonuses?

Yes, this position may be eligible for a bonus at fiscal year-end.

What type of clients will the candidate be dealing with?

The candidate will be dealing with Ultra High Net Worth Individuals (UHNI) clients.

Are benefits available for employees in this role?

Yes, benefits are available, and a summary can be found at the Goldman Sachs benefits summary link provided.

Does the company promote diversity and equal opportunity?

Yes, Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veteran status, disability, or any other characteristic protected by applicable law.

Goldman Sachs

Finance

Industry

10,001+

Employees

1869

Founded Year

Mission & Purpose

Goldman Sachs is a global investment banking, securities, and investment management firm. They offer a range of financial services to corporations, financial institutions, governments, and individuals. Goldman Sachs' primary activities include investment banking, asset management, securities trading, and providing advisory services. Their ultimate mission is to be a leading global financial institution, providing superior financial expertise and solutions to their clients. The purpose of Goldman Sachs is to help their clients achieve their financial goals, manage risk, and navigate complex markets. They aim to drive economic growth, foster innovation, and create long-term value for their clients, shareholders, and the communities they operate in. Goldman Sachs is committed to upholding the highest standards of integrity, professionalism, and client service, serving as a trusted partner and advisor in the world of finance.

Culture & Values

Partnership
We prioritize collaboration and believe in the strength of the collective, creating a culture that fosters teamwork and belonging in the pursuit of professional and personal growth.
Client Service
We lead with a service mindset, working to earn our clients’ trust and exceed their expectations by understanding and overdelivering on their goals.
Integrity
We hold ourselves accountable to the highest ethical standards, insisting on transparency and vigilance from our people as we learn from our experiences and make decisions that instill a sense of pride in our firm.
Excellence
We aspire to nothing less than excellence, striving for exceptional performance and superior results for our clients, our shareholders, and our communities.

Benefits

Holiday and Vacation Policies
We offer competitive vacation policies based on employee level and office location. This is in addition to any number of statutory and public holidays as determined by each office. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.
Financial Wellness & Retirement
The firm provides a number of resources and offerings designed to help our employees achieve their personal financial goals. We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities — from buying a home, to navigating market volatility and investments, legacy and estate planning, tax strategies, and will preparation.
Health Services
We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.
Childcare / Family Care
In some offices, we offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.
Flexible Working
Based on manager approval, the following arrangements may be available to help employees meet their personal and family responsibilities: part-time schedules, job sharing, telecommuting, and alternate hours.

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