Opportunity Overview
CORPORATE TITLE: Vice President
OFFICE LOCATION(S): Dallas
JOB FUNCTION: Administrative Assistants - Non MC
DIVISION: Asset & Wealth Management
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.
Private Wealth Management (PWM)
Goldman Sachs Private Wealth Management (PWM) specializes in creating comprehensive wealth management plans for high net worth individuals and families, as well as select institutions, including foundations and endowments. PWM Teams work one-on-one with clients to advise and deliver customized strategies drawn from our deep investment experience, diverse wealth management capabilities and global reach. Our Private Wealth Advisors (PWAs) deliver an unparalleled investment platform inclusive of the full product and service offerings of Goldman Sachs and beyond, which may include tax and estate planning, philanthropic planning and private banking and lending services. As client needs evolve, this close relationship allows the team to offer complementary services and new opportunities by leveraging the resources of Goldman Sachs and beyond.
RESPONSIBILITIES AND QUALIFICATIONS
Goldman Sachs Family Office (GSFO) works in coordination with Private Wealth Advisors to develop strong ties with clients to deliver a full suite of wealth planning and family office services. GSFO is in search of a Vice President to lead an innovative estate planning offering for our UHNW clients. We are looking for a client-friendly individual with background in U.S. tax, trust and/or estate advisory, who has a passion for the intricate estate details and modelling.
HOW YOU WILL FULFILL YOUR POTENTIAL
- Lead a team dedicated to delivering estate plan reviews and optimization, leveraging new technology to deliver this offering at greater scale and quality.
- Act as a senior subject matter expert in trust reviews, extracting and interpreting key trust provisions and fiduciary law, assessing tax implications and modeling multi-generational wealth strategies.
- Ability to take highly complex estate plans and balance sheets and distill information down to the key components and visualizations.
- Familiarity with all aspects of the transition of wealth, including tax-efficient estate planning structures, sophisticated lifetime gifting strategies, the transfer of closely held entities, charitable structures, and the administration and restructuring of trusts.
- Experience with asset protection techniques and implementation.
- Interface with Trustees, Attorneys, Accountants, and other advisors and professional bodies in respect to private clients’ wealth planning.
- Ensuring quality assurance, deadlines and key performance indicators are met.
- Work with PWM Product, Engineering, Compliance and Legal to continuously evolve the product offering.
- Foster a positive, collaborative and productive team culture to grow junior staff into more senior roles.
- Act as liaison with The Goldman Sachs Trust Company.
WHERE WILL YOU MAKE AN IMPACT
Our Private Wealth Management business spans the globe; this role will be primarily placed in Dallas, but may cover clients across the United States.
QUALIFICATIONS
- Extensive experience working with clients in structuring multi-generational wealth and estate planning strategies, including reviewing, and diagramming advanced estate planning documents.
- Technical expertise in US tax legislation and tax implications of investment portfolios, estate planning entities, philanthropic entities, and other business activities, including impact of the Alternative Minimum Tax.
- Experience with state and local tax matters.
- Experience working with clients in structuring multi-generational wealth and estate planning strategies.
- Experience in interfacing with Trustees, Attorneys, Accountants, and other advisors and professional bodies in respect to private client’s wealth planning.
- Deep interest in the financial markets and good investment sense/commercial instinct.
- Excellent interpersonal skills and a desire to work in a team-oriented environment.
- Resourceful, self-starter, attentive to detail and capable of multi-tasking in a fast-paced environment.
- A minimum of ten years of experience as an accountant, attorney or wealth professional.
- Bachelor’s Degree required; CPA and/or JD highly preferred.
- Securities Industry Essentials (SIE), Series 7 & Series 63 exams (must be obtained within first 3 months of employment).
- Willingness and desire to travel, as necessary, given regional coverage of the role.
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