Asset & Wealth Management, Private Wealth Management, Goldman Sachs Trust Company, Specialty Assets Manager and Fiduciary Operations Officer, Vice President Albany NY or Wilmington DE

YOUR IMPACT

You are an expert in operational and fiduciary matters reporting directly to the Chief Operations Officer (COO) of Goldman Sachs Trust Company N.A. (GSTC). You collaborate closely with the Chief Fiduciary Officer (CFO) and senior members of the Trust Administration Team to oversee GSTCs fiduciary functions. Your responsibilities encompass the full spectrum of administration for Specialty Assets including but not limited to Real Property Mineral Oil and Gas interests Mortgage Assets Promissory Notes Closely Held Businesses Tangibles and more all held within fiduciary accounts. You will evaluate fiduciary activities across GSTC and support the COO in developing maintaining and enhancing monitoring systems for these activities. You possess extensive operational expertise a strong risk and control orientation familiarity with trust accounting systems and experience in the operational administrative and control functions of a Trust Bank.

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.

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.

Goldman Sachs Trust Company

An essential component of Goldman Sachs private wealth management offering The Goldman Sachs Trust Company N.A. (GSTC) is a limited-purpose national bank providing world-class trust estate and charitable administration services to ultra-high-net-worth clients across the United States.

GSTC leverages the global resources of Goldman Sachs to deliver integrated fiduciary management and administration as well as comprehensive best-in-class investment management. Our team of dedicated fiduciary professionals collaborate closely with Goldman Sachs Private Wealth Advisors (PWAs) to provide our clients with superior service while observing our responsibilities as an independent professional fiduciary.

HOW YOU WILL FULFILL YOUR POTENTIAL

• You assist the COO and the GSTC Operations and Infrastructure Team working in partnership with the Fiduciary Administration Team to review fiduciary processes for thoroughness and sufficiency. You improve and establish controls to ensure processes are efficient and function as intended.
• You maintain and continually strengthen monitoring systems for key fiduciary activities. This involves understanding the trust accounting system and identifying essential data to design develop and report on critical fiduciary activities to the COO CFO CEO members of the Fiduciary Administration Oversight Team Compliance and Legal officers and Bank committees responsible for fiduciary oversight. You communicate the outcomes of your work clearly and comprehensively to relevant personnel and committees.
• You demonstrate advanced knowledge of Trust Bank operations including account opening and closing account maintenance asset setup and management payment processing disbursements account coding custody platforms and reconciliation procedures.
• You serve as a subject matter expert in trust accounting systems custody operations and general operational activities and take primary responsibility for the operational aspects of implementing a new firm-wide trust accounting platform.
• You oversee the administration and monitoring of GSTCs unique assetsincluding Real Property Mineral Oil and Gas interests Mortgage Assets Promissory Notes Closely Held Businesses Tangibles accordance with 12 C.F.R. 9 (Reg 9) collaborating with external vendors who conduct required asset valuations and reviews as well as with GSTC Operations and Infrastructure Team members who manage vendor relationships.
• You manage all external third-party vendors performing asset valuations and reviews under Reg 9 ensuring service excellence and regulatory compliance. You act as the primary GSTC contact for these vendors coordinating closely with the Trust Administration Team.
• You oversee and monitor insurance coverage for real property held by GSTC in a fiduciary capacity working directly with senior stakeholders in the internal insurance group and GSTCs designated third-party broker.
• You demonstrate a solid understanding of the laws rules and regulations governing Trust Bank fiduciary activities and are familiar with the unique responsibilities associated with specialty asset administration such as Reg 9 and OCC Handbooks.
• You interact with regulatory bodies including but not limited to the Office of the Comptroller of the Currency and the State of Delaware.
• You collaborate effectively with the CFO Fiduciary Administration Team Estate Administration Team Legal Compliance Technology and Engineering Internal Audit and other key stakeholders and partners within Goldman Sachs Private Wealth Management.

WHERE YOU WILL 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

The Trust Company has offices in New York and Wilmington Delaware. This Specialty Assets Manager and Fiduciary Operations Officer position can be in our Cohoes or Wilmington Delaware office.

QUALIFICATIONS

EXPERIENCE & SKILLS WERE LOOKING FOR

• You hold a bachelors degree.
• You have at least 8 years of relevant operational and/or fiduciary experience ideally within a Trust Bank at a large complex financial institution serving high-net-worth clients.
• You are knowledgeable about fiduciary activities including personal trust administration estate administration investment management accounts and custody accounts and have experience with accounts where a Trust Bank acts as fiduciary.
• You have experience with assets in fiduciary accounts including manually priced and unique assets such as real estate closely held businesses and promissory notes.
• You are process and detail oriented with a risk and control mindset.
• You are an analytical thinker problem solver and project manager able to identify and issue and independently develop an approach to creating a long-term structural and process-oriented solution.
• Understanding of core concepts of trust and estate planning
• 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

Salary Range

The expected base salary for this Albany NY United States-based position is$80000 - $250000. In addition you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

ABOUT GOLDMAN SACHS

At 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 committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: The 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.