What are the responsibilities and job description for the Global Banking & Markets, GS Select, Transition Associate, Salt Lake City position at Goldman Sachs?
Job Description
The Goldman Sachs Select ("GS Select") Transition Associate is a critical role within the firm's growing 3rd Party Wealth securities-based lines of credit (“LOC”) business. This position is critical for managing the high-stakes movement of collateralized assets and refinancing processes for advisors at partner firms.
Role Overview
As a Transition Associate, you act as the one of the primary team members for the onboarding and refinancing lifecycle of LOCs. The role is inherently cross-functional, requiring a blend of technical Private Banking financial expertise, project management, high-touch client relationship skills, and risk management.
Core Responsibilities
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: https://www.goldmansachs.com/careers/footer/disability-statement.html
© The Goldman Sachs Group, Inc., 2023. All rights reserved.
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
The Goldman Sachs Select ("GS Select") Transition Associate is a critical role within the firm's growing 3rd Party Wealth securities-based lines of credit (“LOC”) business. This position is critical for managing the high-stakes movement of collateralized assets and refinancing processes for advisors at partner firms.
Role Overview
As a Transition Associate, you act as the one of the primary team members for the onboarding and refinancing lifecycle of LOCs. The role is inherently cross-functional, requiring a blend of technical Private Banking financial expertise, project management, high-touch client relationship skills, and risk management.
Core Responsibilities
- LOC Specialization: Coordinating the end-to-end refinancing of LOCs and the transfer of corresponding collateralized assets, including adherence to robust risk management procedures.
- Client Relationship Management: Maintaining relationships with transitioning advisors and institutional contacts, providing best in class client service and communication.
- Pipeline & Project Management: Leveraging project management tools to track transitions and provide real-time reporting to internal and external stakeholders.
- Data Integrity: Handling sensitive client data to prepare comprehensive data packages, ensuring accuracy and compliance with operational policies.
- Platform Advocacy: Demonstrating the GS Select platform to advisors, highlighting functionality and best practices to optimize their experience.
- Strategic Collaboration: Partnering with territory-based Regional Banking Directors and project management teams to support firms during complex transition phases.
- Experience: 2-3 years in financial services, specifically in client-facing or servicing roles. Familiarity with Private Banking and LOCs is preferred.
- Leadership: Proven track record in project management.
- Education: Bachelor’s degree.
- Technical Skills: Proficiency in analytical tools (including Excel), technical system functions, and the ability to master new platforms quickly.
- Soft Skills: Exceptional written and verbal communication; ability to manage time-sensitive tasks in a fast-paced environment.
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: https://www.goldmansachs.com/careers/footer/disability-statement.html
© The Goldman Sachs Group, Inc., 2023. All rights reserved.
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.