The Goldman Sachs Group, Inc

Asset & Wealth Management, Private Wealth Management, Goldman Sachs Trust Company, Senior Trust Officer, Vice President - Wilmington, DE

The Goldman Sachs Group, Inc$120K — $150K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required
  • 7+ years of experience in trust and estate administration
  • Law degree highly desirable
  • CTFA designation advantageous
  • Experience with fiduciary tax and accounting preferred
  • Strong understanding of fiduciary laws and tax regulations
  • Proficient in trust, estate planning, and administration

Responsibilities

  • Manage key trust company client relationships and fiduciary accounts
  • Oversee a team, including junior trust officers and wealth management professionals
  • Develop long-term relationships with clients, families, and beneficiaries
  • Coordinate communication between clients and their advisors
  • Interpret estate planning documents such as trusts and wills
  • Apply fiduciary laws proactively and implement planning strategies
  • Engage in business development and represent GSTC in professional meetings

Benefits

  • Opportunities for career growth within a prestigious firm
  • Collaborative and intellectually stimulating environment
  • Access to top-tier wealth management resources and experts
  • Involvement in sophisticated financial planning for high-net-worth clients
  • Ability to work in multiple prestigious locations across the U.S.
Full Job Description
Job Description

YOUR IMPACT

Are you ready to help families protect, grow, and shape their legacies across generations? As a Senior Trust Officer (STO) within Goldman Sachs Private Wealth Management, you will serve as a trusted advisor to high-net-worth clients, navigating complex fiduciary landscapes alongside our top tax, estate, and wealth management experts. If you are an analytical thinker who thrives on solving sophisticated financial puzzles and delivering bespoke client solutions, we invite you to build your career with a team that values precision, collaboration, and intellectual curiosity

HOW YOU WILL FULFILL YOUR POTENTIAL
  • Serve as primary officer responsible for the management and administration of key trust company client relationships and fiduciary accounts
  • Manage a book of trust company accounts among a team of professionals, including one or more junior trust officers and a wealth management professional.
  • Work closely with PWA Teams to develop long-term relationships with clients, families and beneficiaries
  • Coordinate client management with PWAs, engaging regularly with clients, family members and their attorneys and advisors
  • Interpret and understand estate planning instruments including, trusts, wills, tax filings and other related documents governing each account
  • Understand and apply fiduciary laws and practices in a proactive manner, implementing estate and trust planning strategies
  • Understand investment goals and objectives and coordinate the investment process with GSTC investment officers and PWAs
  • Contribute to new business development efforts, representing the GSTC in meetings with prospects, attorneys, and other professional advisors
  • Perform responsibilities consistent with best fiduciary and risk management practices
  • Handle complex trust and relationship matters
  • Manage regulatory reviews and discretionary distribution requests
  • Coordinate and oversee tax preparation on accounts with our tax compliance service provider
  • Participate in internal and external marketing efforts and thought leadership
  • Keep current on federal and applicable state fiduciary and tax laws

WHERE WILL YOU MAKE AN IMPACT

Our Private Wealth Management business spans the globe, with the following locations in the United States: Atlanta, Boston, Chicago, Dallas, Houston, Los Angeles, New York, Miami (Florida and Latin America coverage), Philadelphia, San Francisco, Seattle, Washington, D.C. and West Palm Beach

The Trust Company has offices in New York and Wilmington, Delaware. The STO position is for our Wilmington, Delaware office.

EXPERIENCE & SKILLS WE'RE LOOKING FOR
  • Bachelor's degree required
  • 7+ years of experience administering trusts and/or estates
  • Law degree a strong plus
  • CTFA designation a plus
  • Accounting background and/or fiduciary tax expertise a plus
  • Understanding of "Regulation 9" requirements and core concepts affecting fiduciary administration
  • Expertise in trust, estate, and tax administration and/or planning
  • Understanding of financial markets and prudent investor standards
  • Strong team orientation
  • Ability to work in a fast-paced environment and think clearly under pressure
  • Self-motivated and able to work in an autonomous, yet collaborative environment
  • Strong verbal and written communication skills, as well as strong organizational and interpersonal skills
  • Commitment to excellence and a high level of integrity

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

Lead with Innovation and Leadership

Step into a role where your skills will be honed and your leadership capabilities enhanced. The Goldman Sachs Group, Inc. is at the forefront of merging financial expertise with technological innovation, creating a platform for you to lead impactful initiatives.

Join Our Diverse and Inclusive Team

Diversity and inclusion are at the core of our company culture. With employees from various backgrounds, Goldman Sachs thrives on the rich ideas and perspectives that this diversity brings. Here, every team member’s contribution is valued, and every voice is heard.

Explore Job Opportunities and Internships

Whether you’re seeking full-time employment or looking into internship opportunities, Goldman Sachs offers a range of positions that cater to different skills, experiences, and career aspirations. From analyst to executive positions, discover how you can contribute to our legacy of success.

Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

Prepare for Your Future

Ready to take the next step? Prepare your resume, sharpen your interview skills, and explore the vast array of job opportunities at The Goldman Sachs Group, Inc. Our hiring process is designed to identify and nurture talent, helping you to achieve your career goals.

Stay Connected

Keep up to date with the latest from Goldman Sachs Careers by subscribing to our job alert emails. Tailor your preferences to receive updates that match your career interests and stay ahead in the competitive financial sector.

Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

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At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ

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