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IMD, PWM, Private Banking Lending - Operations Lead: Vice President, NYC or Dallas
Goldman Sachs
New York, NY, United States
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Job Summary & Responsibilities
YOUR IMPACT
Our Private Banking Lending Operations Lead act as the single (or primary) liaison and resource for all parties involved in the mortgage operation process including: Regional Mortgage Lenders, Vendor Management Office, Mortgage Vendors and Related Parties, Compliance, GS Internal Stakeholders and GS Bank Management.
The Operations Lead will manage the relationships with third party vendors that will be providing origination and sub servicing activities for GS clients. In this capacity, the Operations Lead will oversee all aspects of the process and work with our partner on improving service levels to our clients on an ongoing basis. This would include evaluating vendor performance against service level standards and providing updates to the Bank, Compliance, Legal and Private Banking management teams.
OUR IMPACT
The Private Banking Lending (PBL) team is part of Private Wealth Management within Goldman Sachs. Private Banking Lending is primarily responsible for the underwriting of loans to GS Private Wealth Management (“PWM”) clients. In this capacity, the team assesses, underwrites, documents and monitors the credit risk incurred in loan transactions. The underwriting process includes a thorough analysis of the collateral securing the loan (if any), which may include assets such as marketable securities, private equity/hedge funds, commercial real estate, aircraft, fine art, hobby properties, private company stock, yachts, etc.
Private Banking Lending also ensures that the underwriting standards approved by the bank are adhered to in the loan approval process, with exceptions appropriately documented. In addition, the team participates in various business related projects, such as new product development and operational enhancements.
Private Banking Lending is a part of GS Private Bank (“PB”), and employees of Goldman Sachs Bank USA.
HOW YOU WILL FULFILL YOUR POTENTIAL
• Manage the residential mortgage operations for GSBankUSA.
• Act as the key resource for Bank management, client facing Lenders, and internal stakeholders in every aspect of our mortgages offering
• Provide management reporting on production versus targets, as well as monitoring & adjusting for operational efficiencies
• Manage the relationship with all third party mortgage vendors, including periodic site visits with vendors, contractual matters, KPI monitoring, and handling dependencies between each vendor.
• Focus on enhancing our platform for future initiatives
WHERE WILL YOU 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.
Basic Qualifications
SKILLS & EXPERIENCE WE’RE LOOKING FOR
• Minimum of ten years work experience in financial fields; primarily mortgage lending or servicing. Relevant work experience includes commercial banking and/or private banking roles related to residential mortgages
• Key skills include detailed knowledge of financial accounting, analysis and modeling. People and project management skills
• Strong oral and written communications skills
• Flexible, personable, confident and self-motivated; team player
• Ability to multi-task and be well organized
• Ability to work under pressure and meet deadlines
• Desire to help develop and grow a new and dynamic business
• BA required; MBA preferable
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet. © The Goldman Sachs Group, Inc., 2015. All rights reserved.