Private Bank, Deposits, Associate, London

OUR IMPACT

The Private Bank is a business unit of the Asset and Wealth Management Division (AWM) that provides tailored banking and lending products, such as deposits, bank loans, mortgages and margin financing, to high-net-worth clients of the firm’s global Wealth Management businesses.

This role is on the Private Bank’s Deposit Team will work cross-functionally with internal partners to drive business outcomes while solving for client needs. The team drives the Private Bank Deposit Strategy which includes pricing and risk management, product development, and client relationship management.

YOUR IMPACT

We are looking for an Associate to join the Private Bank Deposits Team. New joiner will be an integral part of team responsible for daily management of the PB deposits business including deposit pricing and risk analytics, marketing the product and special promotions to advisors and client, developing and executing new product strategy, and managing the business day to day.

Pricing & Analytics

• Conduct daily and ad hoc pricing and risk analysis to inform standard and exception deposit pricing on an ongoing basis including transaction specific deposit product pricing, e.g., trading term deposits and partnering with advisors to win new assets
• Perform regular business projections and mark to market against business plan both of which inform overall business strategy
• Develop and use dashboards to monitor performance against balance and revenue goals
• Monitor and manage the book within all relevant market risk, liquidity risk limits
• Run regular competitor analysis for deposit products and ranking across markets

Business Management

• Create overall product strategy for deposits including defining and prioritizing new products, identifying infrastructure and process improvements to enhance performance against goals, managing issues that arise in the normal course of business
• Develop and maintain deposit policies, procedures and processes to operate the business effectively and in compliance with all relevant global regulations
• Support strategic initiatives and projects including banking service feature launches, new products, new branches or regions, changes to pricing or operational frameworks

Client Relationship Management

• Regional advisor and client coverage including regular interface to drive usable deposit balances, participation in ISG calls or other marketing forums, client meetings, advisor huddles, etc.
• Develop marketing materials materials for use with advisors and clients including market updates, banking service marketing, general marketing and promotions
• Assist with client call preparation by creating review materials, pitchbooks and account reviews.

REQUIREMENTS

• Ideally experienced within a similar Deposits business in a Private Bank
• Experience within financial services, preferably with a quantitative background
• Ability to work in a fast-paced environment, be organized and think clearly under pressure
• Strong verbal and written communication skills
• Attention to detail with ability to operate independently
• Eager to work in an entrepreneurial environment
• Collaborative, energetic, enthusiastic, and a self-starter
• Foundational knowledge of deposit instruments, liquidity risk or treasury solutions is a plus

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. 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. : https://www.goldmansachs.com/careers/footer/disability-statement.html

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

We Offer Best-In-Class Benefits

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

Holiday & Vacation Policies

We offer competitive vacation policies based on employee level and office location. 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

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.

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.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

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.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.

Opportunity Overview

CORPORATE TITLE

Associate

OFFICE LOCATION(S)

London

JOB FUNCTION

External Product Specialists

DIVISION

Asset & Wealth Management