Goldman Sachs

Asset & Wealth Management, Private Bank Deposits, Vice President - Dallas

Goldman Sachs, Dallas

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YOUR IMPACT

We are looking for a Vice President to join the Private Bank Deposits Team. The new joiner will be an integral part of the 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 clients, developing and executing new product strategies, and managing the business day-to-day.

Job Description

YOUR IMPACT

OUR IMPACT

Wealth Management

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. Our growth is driven by a focus on our people, our clients, and leading-edge technology, data, and design.

Goldman Sachs Private Bank

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 on the Private Bank’s Deposit Team will work cross-functionally with internal partners and external clients to deliver on deposit balance and revenue goals.

Pricing & Analytics

HOW YOU WILL FULFILL YOUR POTENTIAL

Conduct daily and ad hoc pricing and risk analysis to inform standard and exception deposit pricing, 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 plans, 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 and liquidity risk limits
Run regular competitor analysis for deposit products and rankings 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 for use with advisors and clients, including market updates, banking service marketing, and promotions
Assist with client call preparation by creating review materials, pitchbooks, and account reviews

WHERE WILL YOU MAKE AN IMPACT

Will consider Dallas, SLC, London, New York, Frankfurt, ++

Skills & Experience We’re Looking For

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 communities grow. Founded in 1869, we are a leading global investment banking, securities, and investment management firm. Headquartered in New York, we have offices worldwide.

We believe who you are makes you better at what you do. We're committed to fostering diversity and inclusion, providing opportunities for growth, and supporting our employees through training, benefits, wellness, and mindfulness programs. Learn more at GS.com/careers.

We’re committed to reasonable accommodations for candidates with disabilities. Learn more:

Goldman Sachs is an equal opportunity employer and does not discriminate on any protected characteristic.

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