The Goldman Sachs Group, Inc

AWM, Private Bank, Head of US Deposits, Vice President- New York

The Goldman Sachs Group, Inc$115K — $270K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Significant experience in deposits, treasury, or banking products, particularly in Private Banking or Wealth Management.
  • Proven track record leading teams and managing complex financial operations.
  • Deep understanding of deposit pricing, liquidity management, and the regulatory landscape.
  • Strong strategic mindset with rigorous execution capabilities.
  • Exceptional stakeholder management and influencing skills with senior leadership.
  • Analytical orientation capable of translating data into actionable business strategies.

Responsibilities

  • Own and drive the U.S. deposit strategy, enhancing product positioning and market expansion.
  • Set deposit pricing strategies while balancing growth, profitability, and liquidity goals.
  • Lead annual planning and performance management against financial targets.
  • Identify and execute new product development opportunities and strategic initiatives.
  • Develop and scale a national deposits team across various functions.
  • Establish a robust performance management framework and coach team members for high performance.
  • Oversee deposit pricing strategy ensuring governance and risk alignment.

Benefits

  • Valuable and competitive benefits and wellness offerings.
  • Strong overall employee experience.
  • Comprehensive offerings for full-time and part-time employees working at least 20 hours per week.
Full Job Description
Job Description

ROLE OVERVIEW
We are seeking a senior leader to serve as Head of U.S. Deposits, responsible for setting and executing the national strategy for the Private Bank's deposit business. This individual will lead a high-performing team and partner closely with Investing, Lending, Treasury, and Wealth Management leadership to drive balance growth, optimize pricing, and enhance client outcomes.

This role combines P&L ownership, strategic leadership, and team management, with direct accountability for deposit balances, revenue, and franchise expansion.
KEY RESPONSIBILITIES Business Leadership & Strategy
  • Own and drive the U.S. deposit strategy, including product positioning, growth initiatives, and market expansion
  • Set pricing strategy and balance sheet optimization approach, balancing growth, profitability, and liquidity objectives
  • Lead annual planning, forecasting, and business performance management against balance and revenue targets
  • Identify and execute new product development opportunities and strategic initiatives
Team Leadership & Organizational Management
  • Lead, develop, and scale a national deposits team across functions (pricing, analytics, product, and coverage)
  • Establish clear roles, accountability, and performance management frameworks
  • Coach and mentor team members, building a high-performance, collaborative culture
  • Partner with senior leadership to evolve org structure aligned to business priorities
Pricing, Analytics & Risk Oversight
  • Oversee deposit pricing strategy and governance, including standard and exception pricing frameworks
  • Ensure robust analytics, forecasting, and performance tracking infrastructure
  • Maintain oversight of liquidity, interest rate, and market risk exposures, ensuring alignment with firm limits
  • Leverage competitive intelligence to inform pricing and positioning strategy
Product & Platform Management
  • Define and evolve the deposit product suite, including term deposits, sweep products, and structured solutions
  • Drive enhancements to platform capabilities, processes, and operational efficiency
  • Ensure strong controls, policies, and regulatory compliance across the business
Advisor & Client Engagement
  • Partner with regional leadership, advisors, and bankers to drive deposit adoption and wallet share growth
  • Act as a senior point of contact for key client opportunities, supporting complex or strategic situations
  • Lead go-to-market strategy, including marketing campaigns, advisor education, and client communication
Cross-Functional Leadership
  • Collaborate with Treasury, Risk, Finance, Technology, and Legal/Compliance to align on funding strategy, governance, and execution
  • Represent the U.S. deposits business in senior forums and strategic decision-making discussions
QUALIFICATIONS & EXPERIENCE
  • Significant experience in deposits, treasury, banking products, or balance sheet management, ideally within Private Banking or Wealth Management
  • Proven track record of leading teams and managing complex financial businesses
  • Deep understanding of deposit pricing, liquidity management, and regulatory environment
  • Strong strategic mindset with execution rigor
  • Exceptional stakeholder management and communication skills, with ability to influence senior leaders
  • Analytical orientation with ability to translate data into business strategy


Salary Range
The expected base salary for this New York, NY, United States-based position is $115000-$270000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

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.

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.

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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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