• CIMD, Asset Management, European Shareholder Services, Retail Distributor On-Boarding and Oversight, Analyst/Associate, London

    Location(s) UK-London
    Job ID
    2020-59558
    Schedule Type
    Full Time
    Level
    Analyst
    Function(s)
    General
    Region
    EMEA
    Division
    Consumer and Investment Management Division
    Business Unit
    Intl MF Shareholder Svcs
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    CONSUMER AND INVESTMENT MANAGEMENT DIVISION (CIMD)

    The Consumer and Investment Management Division includes Goldman Sachs Asset Management (GSAM), Private Wealth Management (PWM) and our Consumer business (Marcus by Goldman Sachs). We provide asset management, wealth management and banking expertise to consumers and institutions around the world. CIMD partners with various teams across the firm to help individuals and institutions navigate changing markets and take control of their financial lives.

     

    GSAM

    Goldman Sachs Asset Management (GSAM) is one of the world’s leading investment managers. GSAM provides institutional and individual investors with investment and advisory solutions, with strategies spanning asset classes, industries, and geographies.  We help our clients navigate today’s dynamic markets, and identify the opportunities that shape their portfolios and long-term investment goals. We extend these global capabilities to the world’s leading pension plans, sovereign wealth funds, central banks, insurance companies, financial institutions, endowments, foundations, individuals and family offices.

    RESPONSIBILITIES AND QUALIFICATIONS

    OUR IMPACT

    Goldman Sachs Fund Services Limited (GSAMFSL) is the newly appointed management company and global distributor of the GSAM Fund range. In this capacity, GSAMFSL appoints both GS affiliate sub-distributors and third party sub-distributors for the GS Funds.  Based in London, Dublin, and Frankfurt, the European Shareholder Services team provides world class client service to investors in the GSAM Offshore Funds and assists the GSAM Sales force in their Global Funds distribution effort. 

     

    Within European Shareholder Services, the Distributor Onboarding & Oversight team is responsible for on-boarding and overseeing distribution partners appointed by GSAMFSL, in addition to the strategy and patterns of distribution for the GS Funds.  The team interacts with key stakeholders across GSAM including Sales, Product Development, Portfolio Management, Legal, Compliance, Risk, and Operations on a broad range of functions carried out in relation to the distribution of GS Funds. This role will allow the candidate to gain a broad exposure to the workings of the GSAM Business and our external distribution partners. The candidate will be required to manage ongoing responsibilities with regard to the onboarding and lifecycle events for our distribution partners in addition to driving the execution of key strategic initiatives a med at strengthening our distribution oversight framework and improving our client service offering.  This is a unique opportunity to be part of a newly created entity within Goldman Sachs, and be a key contributor as the entity looks to develop post it’s recent go-live.

     

    RESPONSIBILITIES AND QUALIFICATIONS

     

    YOUR IMPACT

    As part of the Distributor Onboarding & Oversight team the candidate will manage the end to end process of onboarding new distribution partners and shareholders, specializing in the coordination of complex, high profile, and strategically important relationships across multiple regions. The role will require strong attention to detail, self-motivation and pro-activity to deliver exceptional client service whilst adhering to regulatory and Compliance requirements.  As an owner of the end to end onboarding process, the candidate will have the opportunity to identify inefficiencies and drive enhancements to improve client experience and ensure regulatory and compliance standards are met.

     

    HOW YOU WILL FULFILL YOUR POTENTIAL

    • Act as the subject matter expert for multiple Sales teams to drive successful onboarding and other lifecycle events for distribution partners appointed by GSAMFSL and GS Fund shareholders.
    • Understand the end to end onboarding process including KYC, AML, Due Diligence, Legal Agreements, fee terms, and operational processes
    • Develop a clear understanding of bespoke client requirements and offer guidance on what is supportable
    • Monitor processes and escalate to Compliance, Legal and Senior Management as appropriate
    • Maintain internal controls and quality checks for the day-to-day onboarding process
    • Ensure regulatory and Compliance requirements are met, and changes are assessed and successfully coordinated amongst appropriate teams
    • Review and maintain internal policies and procedures with a view to increasing controls and scalability, and the outsourcing of tasks to external vendors with appropriate controls and cost efficiencies
    • Research and identify inefficiencies and drive enhancements
    • Identify, develop and analyze reporting designed to monitor distribution activities and evaluate effectiveness
    • Produce regular MI and presentation materials, including reporting for GSAMFSL and GSAM Funds boards, and provide information for ad-hoc management requests

     

    The candidate will be required to work with senior members of the division and cover day to day tasks relevant to the activities mentioned in the summary above.

                   

    SKILLS & EXPERIENCE WE ARE LOOKING FOR

    • Experience in the Asset Management industry and knowledge of Offshore Funds administration and Compliance standards
    • Familiarity with KYC, AML, CRS, Due Diligence, Legal Agreements and fee terms
    • Exceptional judgement, ability to grasp concepts quickly, and drive to resolve issues
    • Strong organizational, communication, time management, prioritization, and analytical skills
    • Ability to develop strong relationships to lead coordination between various internal teams, clients, and external counterparties
    • Bachelor’s degree, 1+ years of relevant industry experience preferred​

    ABOUT GOLDMAN SACHS

    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., 2020. All rights reserved.
    Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

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