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Asset & Wealth Management, Private Bank, Lending Associate - Los Angeles

3.00 to 6.00 Years   Los Angeles (California)   11 May, 2025
Job LocationLos Angeles (California)
EducationAny Graduate
SalaryAs per Industry Standards
IndustryBanking, Financial Services/Stockbroking
Functional AreaBanks/Insurance/Financial Services
EmploymentTypeFull-time

Job Description

Wealth ManagementAcross 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 BankGoldman Sachs Private Bank provides competitive borrowing and cash management solutions from Goldman Sachs Bank USA that are strategically integrated with our clients wealth management goals. Our experienced team partners with Private Wealth Advisors (PWAs) to advise clients on new loans, refinancing and restructuring of existing loans along with overall liability management. Our lending advisors and mortgage specialists provide a wide range of creative borrowing solutions against asset classes ranging from marketable securities and alternative investments, residential and commercial real estate to more tailored solutions against private assets such as aviation, fine art or vineyards. All team members are employees of Goldman Sachs Bank, USA.HOW YOU WILL FULFILL YOUR POTENTIAL

  • Work closely with senior lending advisors to assist with relationship management, lending origination, and portfolio management for ultra-high net worth clients
  • Help identify and implement marketing initiatives to drive lending growth opportunities with senior lending advisors and PWM coverage teams
  • Join prospect and client meetings with senior lending advisors and PWAs to raise awareness of Goldman Sachs Private Bank and the solutions available
  • Support senior lending advisors with early-stage loan screening and structuring
  • Partner with our US Underwriting team on submitting credit memos and overall portfolio and risk management
  • Ensure effective and consistent compliance to credit and control procedures
  • Provide excellent client service throughout the life of loan
SKILLS & EXPERIENCE WERE LOOKING FOR
  • 3-6 years experience in UHNW lending origination or underwriting in a private bank or commercial banking organization
  • Experience with underwriting commercial real estate, financial assets, art, planes, yachts, etc.
  • Excellent oral and written communication skills
  • Detail oriented with strong analytical skills
  • Strong collaboration skills in a team environment
  • Desire to continue the growth in a dynamic business
  • Completion of a formal credit training program optimal
  • SIE, Series 7 and 63 required (must be obtained within three months of employment)
  • Bachelors Degree required
ABOUT GOLDMAN SACHSAt Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.We believe who you are makes you better at what you do. Were committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.Were committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: Disability StatementThe Goldman Sachs Group, Inc., 2025. All rights reserved. Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.Salary RangeThe expected base salary for this Los Angeles, California, United States-based position is $75,000-$160,000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.BenefitsGoldman 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.Locations - Opportunity Overview
  • CORPORATE TITLE: Associate
  • OFFICE LOCATION(S): Los Angeles
  • JOB FUNCTION: External Product Specialists
  • DIVISION: Asset & Wealth Management
  • SALARY RANGE: USD 75,000 - 160,000
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Keyskills :
uhnw lending origination commercial real estate underwriting strong analytical skills excellent communication skills portfolio management supportinvestment banking investments advisor mortgage wealth management risk management commercial banking

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