Asset & Wealth Management, Goldman Sachs Ayco Trust Advisory Service, Vice President - Albany

YOUR IMPACT

Are you a quick-thinking self-starter with a passion for helping families achieve their long-term financial goals, the desire to work closely with top fiduciary, tax and wealth management professionals, and the ability to think outside the box? We are seeking professionals who have the ability to thrive in a fast-paced environment where attention to detail, strong communication skills, and client service are essential to maintaining and enhancing our business.

OUR IMPACT

Wealth Management

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 Ayco (Ayco) partners with Fortune 1000 companies to design and implement tailored financial planning programs for their workforce-leveraging the 50-year heritage of Ayco and the comprehensive resources of Goldman Sachs to meet the evolving needs of their employees. Ayco believes companies best serve their stakeholders and the greater economy when their employees' financial lives are clear, understood and in their control. Ayco advisors and technical specialists help clients achieve their personal financial goals through education and guided implementation across seven key financial disciplines, including employee benefit planning.

The Goldman Sachs Ayco Trust Advisory Service ("ATAS") team works with Goldman Sachs Ayco advisors who service high net worth to ultra-high net worth clients across the United States. ATAS is an internal team collaborating with third-party corporate trustees to administer testamentary and inter-vivos trusts for which Goldman Sachs Ayco has been hired as the trust's investment advisor. Members of the ATAS team regularly interact with financial advisors, trust grantors, trust beneficiaries, trust officers/corporate trustees, trust attorneys, CPAs, and investment management teams.

HOW YOU WILL FULFILL YOUR POTENTIAL

• Interpret, summarize, and understand complex wills and trusts written in all 50 states
• Be able to articulate complex estate planning and trust administration concepts in an understandable way to colleagues
• Support ATAS team operations by providing subject matter expertise to ATAS team members and other firm stakeholders related to:
  
  
  
  • Vetting new ATAS business opportunities/new trust fundings
  • Assisting with technical questions related to ongoing trust administration for existing ATAS relationships
  • Being a steward of the trust administration process (in partnership with the corporate trustee) from funding to final distribution
  
  
• Interact directly with third-party corporate trustees, financial advisors, trust grantors, trust beneficiaries, and client attorneys as needed to further support ATAS operations
• Lead calls with financial advisors, internal compliance, and internal and external legal counsel
• Participate in internal and external marketing efforts
• Troubleshoot operational issues with the ATAS team

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

This position is for our Cohoes, New York office.

EXPERIENCE & SKILLS WE'RE LOOKING FOR

• 5+ years of experience in trust planning and trust administration (e.g., Trust Attorney or Trust Officer experience)
• Law Degree preferred but not required
• Understanding of core concepts of trust planning and administration required
• Familiarity with directed trust and delegated trust models preferred
• Experience working with corporate trustees a plus
• Familiarity with fiduciary income tax and estate tax concepts a plus (Note: This position does NOT require tax preparation)
• Basic understanding of the fiduciary investment process helpful
• 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
• Strong problem-solving skills

Salary Range

The expected base salary for this Albany, NY, United States-based position is $80,000 - $250,000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.