Goldman Sachs · 1 month ago
Asset & Wealth Management, Private Wealth Management, Goldman Sachs Trust Company, Specialty Assets Manager and Fiduciary Operations Officer, Vice President - Albany NY or Wilmington DE
Albany, New York, United States
Full-time
Onsite
Senior Level, Lead/Staff
$80K/yr - $250K/yr
8+ years expGoldman Sachs is a leading global investment banking, securities and investment management firm, and they are seeking a Specialty Assets Manager and Fiduciary Operations Officer. The role involves overseeing fiduciary functions and administration for specialty assets, collaborating with senior management to ensure operational efficiency and compliance within the Trust Company.
BankingFinanceFinancial ServicesVenture Capital
Responsibilities
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 GSTC’s unique assets—including Real Property, Mineral, Oil and Gas interests, Mortgage Assets, Promissory Notes, Closely Held Businesses, Tangibles, etc.—in 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 GSTC’s 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
Qualification
Required
You hold a bachelor's 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
Benefits
Discretionary bonus if you are an active employee as of fiscal year-end
Company
Goldman Sachs
Goldman Sachs is a multinational financial services firm providing securities, investment banking, and management services.
10001+ employees
H1B Sponsorship
Goldman Sachs has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (1954)
2024 (1685)
2023 (2060)
2022 (2326)
2021 (2258)
2020 (1572)
Funding
Current Stage
Public CompanyTotal Funding
$6B2025-04-23Post Ipo Debt· $6B
2012-06-05Post Ipo Equity
1999-05-14IPO
Leadership Team
David M. Solomon
Chair and Chief Executive Officer
John Waldron
President and Chief Operating Officer
Recent News
2026-01-09
2026-01-09
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