Asset & Wealth Management, Operations - Retail Separately Managed Account (SMA) Oversight - Senior V

Your Impact

The Retail SMA Oversight team is seeking a leader responsible for the oversight of the operations of the for the SMA business distributed externally to RIAs, Wirehouses and other intermediaries. This individual will engage and partner with diversified global business counterparts, to deliver a best-in class client experience and to define solutions that enable and scale the business.

Our Impact

Operations is a dynamic, multi-faceted business that partners with all parts of the firm to deliver banking, sales and trading and asset management capabilities to client around the world. In addition, Operations provides essential risk management and control to preserve the firm's assets and its reputation. For every trade agreed, every new product launched, or market entered, every transaction completed, it is Operations that develops the processes and controls that make the business flow.

The Retail SMA Oversight team sits within the Asset & Wealth Management and has primary responsibility of client's portfolio account event, position and cash management, risk management and innovative solutions, and serves as the single point of contract for all operations related client inquiries. Functions cover a wide range of clients and a complex product range, which includes equities, fixed income, currency, and derivatives. The group supports portfolio managers, sales and trading and client relationship professionals by providing accurate and timely client account information and overseeing all aspects of operational risk across AWM's Retail portfolios.

Responsibilities and Qualifications

• Lead and oversee the global retail SMA oversight team supporting the SMA business distributed externally to RIAs, Wirehouses and other intermediaries
• This leader will also oversee the global federated Operations teams who support the third party SMA business including client on-boarding, portfolio reconciliation, trade settlement, performance reporting, and billing teams
• Engage with several stakeholders across Portfolio management, Service, Operations leadership, Sales, Product and Engineering to enable the growth and distribution of the SMA product across new platforms
• Architect the integration and operating model for each of these new platforms / sponsors
• Deep understanding of the SMA landscape, industry operation models including the various sponsors, platforms, custodians and vendors
• Drive business goals and objectives to ensue that the operating model, and Operations organization can deliver on the evolving business
• Key contributor to the development of a scalable operating model for the SMA business
• Oversee key vendor relationships essential to the SMA business
• Manage risks and propose solutions through oversight / creation of key metrics and controls.
• Develop the retail and service mindset within AWM operations
• Strategic thinker with strong operating and planning skills. Capable of identifying and interpreting wider-ranging issues and can recommend creative & innovative solutions
• Act as a culture carrier, ensuring team members are enthusiastic about their roles, while guiding and promoting the careers of team members through mentorship and delivery of effective feedback

Preferred Qualifications

• Over 10 years of experience in managing a global operations team and developing a scalable operating model
• Experience with SMA/UMA landscape and vendors in this space
• Deep understanding of the operating model of the various sponsors, platforms, and custodians in this space
• Strong leadership and people development skills experienced in operating within a high growth global business
• Leverage data and metrics to drive decisions and investments

ABOUT ASSET & WEALTH MANAGEMENT

Bringing together traditional and alternative investments, we provide clients around the world with a dedicated partnership and focus on long-term performance. As the firm's primary investment area, we provide investment and advisory services for some of the world's leading pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals, for which we oversee more than $2 trillion in assets under supervision. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. We are:

• Investors, spanning traditional and alternative markets offering products and services
• Advisors, understanding our clients' priorities and poised to help provide investment advice and strategies that make sense for their portfolios
• Thought Leaders, providing timely insights across macro and secular themes to help inform our clients' investment decisions
• Innovators, using our suite of digital solutions to help our clients address complex challenges and meet their financial goals

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. We're 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.

We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

© The Goldman Sachs Group, Inc., 2021. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

Salary Range
The expected base salary for this New York, New York, United States-based position is $100000-$235000. 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 .