Asset & Wealth Management, Private Wealth Management, Goldman Sachs Family Office, Family Office Reporting and Advisory, Vice President - New York

Goldman Sachs • New York, NY

14h • $115,000 - $270,000

About The Position

Goldman Sachs Family Office is seeking a highly experienced and dynamic
individual to oversee and advise private clients and family offices by leading
the rollout and optimization of consolidated reporting solutions, guiding
operational setup and governance, evaluating outsourcing strategies, and
providing expert counsel on technology platforms to ensure seamless integration,
efficiency, and enhanced client experience throughout the client lifecycle.

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.

Goldman Sachs Private Wealth Management (PWM) specializes in creating
comprehensive wealth management plans for high-net-worth individuals and
families, as well as select institutions, including foundations and endowments.
PWM Teams work one-on-one with clients to advise and deliver customized
strategies drawn from our deep investment experience, diverse wealth management
capabilities and global reach. Our Private Wealth Advisors (PWAs) deliver an
unparalleled investment platform inclusive of the full product and service
offerings of Goldman Sachs and beyond, which may include tax and estate
planning, philanthropic planning and private banking and lending services. As
client needs evolve, this close relationship allows the team to offer
complementary services and new opportunities by leveraging the resources of
Goldman Sachs and beyond.

Goldman Sachs Family Office (GSFO) works in coordination with Private Wealth
Advisors to develop strong ties with clients to deliver a full suite of wealth
planning and family office services. GSFO is in search of a Vice President to
lead family office advisory offering for our most strategic Ultra-High-Net-Worth
(UHNW) clients and family offices.

Requirements

• Bachelor's degree in Finance, Economics, Business Administration, or a related field is required.
• A minimum of 10-15 years of client facing experience in wealth management, private banking or family office services dealing with UHNW clients
• Demonstrated expertise leading consolidated reporting functions, ideally within a large financial institution like Goldman Sachs, including specific experience with platforms like Addepar.
• In-depth understanding of the Addepar reporting platform
• Family Office Acumen: In-depth knowledge of family office operations, structures, and best practices, including a strong command of relevant technology systems (e.g., Addepar, Arch, wealth aggregation platforms) and their application to enhance efficiency and reporting. Familiarity with reporting systems and standards prevalent at major financial institutions is highly valued.
• Communication & Interpersonal Skills: Exceptional verbal and written communication skills, with the ability to articulate complex concepts clearly and persuasively to sophisticated clients and family members, as well as internal stakeholders at Goldman Sachs.
• Leadership: Proven ability to lead, influence, and collaborate effectively within a team and across various stakeholders, including leading reporting initiatives.
• Resourceful, self-starter, attentive to detail and capable of multi-tasking in a fast-paced environment
• Securities Industry Essentials (SIE), Series 7 & Series 63 exams (must be obtained within the first 3 months of employment)

Nice To Haves

• An MBA, JD, CFA, CFP, or other relevant advanced degree/certification is highly preferred.

Responsibilities

• Consolidated Reporting: Lead the strategic rollout, implementation, and ongoing optimization of investment portfolio consolidated reporting solutions across private clients, ensuring seamless data integration, accurate reporting, and enhanced client experience. Oversee the broader consolidated reporting team. Partner with PWM teams to manage the client lifecycle throughout their relationship with the vendor, from preliminary marketing, needs evaluation, onboarding, report presentation and troubleshooting.
• Family Office Advisory: Advise on the establishment and structuring of new family offices, providing guidance on operational setup, governance frameworks, and best practices. Collaborate with existing family offices to enhance their operational efficiency, investment strategies, and governance.
• Outsourcing Strategy: Evaluate and recommend optimal outsourcing strategies for various family office functions (e.g., accounting, reporting, IT, cyber security, compliance, payroll, administrative support) to enhance efficiency, reduce costs, and mitigate risks.
• Best Practices and Thought Leadership: Develop and disseminate leading best practices in family office management, operations, technology utilization, and governance to clients and internal teams, positioning the firm as a thought leader.
• Team Leadership and Mentorship: Provide guidance and mentorship to junior team members, fostering a collaborative and high-performing advisory environment.
• Act as a trusted advisor, providing expert guidance and best practices for the assessment, strategic selection, and optimization of advanced technology systems and platforms for family offices. This includes advising on solutions for portfolio management, CRM, document management, financial aggregation, and reporting, with a focus on ensuring seamless integration, data integrity, and alignment with consolidated reporting requirements at Goldman Sachs.

Benefits

• Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here [https://www.goldmansachs.com/careers/discover/2022-Benefits-Summary-US.pdf].

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level