The Goldman Sachs Group, Inc

AWM, Private Bank, Deposits Specialist, Associate- Dallas

The Goldman Sachs Group, Inc$70K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in financial services, preferably with a quantitative focus
  • Strong verbal and written communication skills
  • Ability to thrive in a fast-paced and organized environment
  • Detail-oriented with a strong capacity to work independently
  • Eagerness to navigate an entrepreneurial atmosphere
  • Collaborative, energetic, and self-motivated
  • Basic understanding of deposit instruments and liquidity risk preferred

Responsibilities

  • Conduct daily pricing and risk analysis for deposit products and strategies
  • Develop dashboards to track performance against deposit balance and revenue targets
  • Create product strategies that enhance deposit offerings and performance
  • Manage compliance and operational processes regarding deposit policies
  • Foster client relationships through regular communication and marketing initiatives
  • Develop promotional materials and prepare client presentations for discussions
  • Support strategic projects including launches of new banking services and pricing changes

Benefits

  • Comprehensive health insurance coverage
  • Retirement savings plans with employer contributions
  • Opportunities for professional development and career advancement
  • Access to employee wellness programs
  • Flexible work arrangements and paid time off
Full Job Description
Job Description

This role is 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.

HOW YOU WILL FULFILL YOUR POTENTIAL

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.

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 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.

SEARCH GOLDMAN SACHS JOBS

READ CAREERS BLOG

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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