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For Companies At a Glance
- Tasks: Join our team to manage deposits, pricing, and client relationships in a dynamic banking environment.
- Company: Goldman Sachs is a leading global investment firm committed to diversity and professional growth.
- Benefits: Enjoy competitive pay, wellness programs, and opportunities for personal and professional development.
- Why this job: Be part of a collaborative team making a real impact in wealth management for high-net-worth clients.
- Qualifications: Ideal candidates have experience in deposits, strong analytical skills, and thrive in fast-paced settings.
- Other info: This is a full-time associate role based in London with opportunities for career advancement.
The predicted salary is between 30000 - 45000 £ per year.
Private Bank, Deposits, Associate, London
Join to apply for the Private Bank, Deposits, Associate, London role at Goldman Sachs
Private Bank, Deposits, Associate, London
Join to apply for the Private Bank, Deposits, Associate, London role at Goldman Sachs
OUR IMPACT
The Private Bank is a business unit of the Asset and Wealth Management Division (AWM) that provides tailored banking and lending products, such as deposits, bank loans, mortgages and margin financing, to high-net-worth clients of the firm’s global Wealth Management businesses.
Job Description
OUR IMPACT
The Private Bank is a business unit of the Asset and Wealth Management Division (AWM) that provides tailored banking and lending products, such as deposits, bank loans, mortgages and margin financing, to high-net-worth clients of the firm’s global Wealth Management businesses.
This role is on the Private Bank’s Deposit Team will work cross-functionally with internal partners to drive business outcomes while solving for client needs. The team drives the Private Bank Deposit Strategy which includes pricing and risk management, product development, and client relationship management.
YOUR IMPACT
We are looking for an Associate to join the Private Bank Deposits Team. New joiner will be an integral part of team responsible for daily management of the PB deposits business including deposit pricing and risk analytics, marketing the product and special promotions to advisors and client, developing and executing new product strategy, and managing the business day to day.
Pricing & Analytics
- Conduct daily and ad hoc pricing and risk analysis to inform standard and exception deposit pricing on an ongoing basis including transaction specific deposit product pricing, e.g., trading term deposits and partnering with advisors to win new assets
- Perform regular business projections and mark to market against business plan both of which inform overall business strategy
- Develop and use dashboards to monitor performance against balance and revenue goals
- Monitor and manage the book within all relevant market risk, liquidity risk limits
- Run regular competitor analysis for deposit products and ranking across markets
Business Management
- Create overall product strategy for deposits including defining and prioritizing new products, identifying infrastructure and process improvements to enhance performance against goals, managing issues that arise in the normal course of business
- Develop and maintain deposit policies, procedures and processes to operate the business effectively and in compliance with all relevant global regulations
- Support strategic initiatives and projects including banking service feature launches, new products, new branches or regions, changes to pricing or operational frameworks
Client Relationship Management
- Regional advisor and client coverage including regular interface to drive usable deposit balances, participation in ISG calls or other marketing forums, client meetings, advisor huddles, etc.
- Develop marketing materials materials for use with advisors and clients including market updates, banking service marketing, general marketing and promotions
- Assist with client call preparation by creating review materials, pitchbooks and account reviews.
Requirements
- Ideally experienced within a similar Deposits business in a Private Bank
- Experience within financial services, preferably with a quantitative background
- Ability to work in a fast-paced environment, be organized and think clearly under pressure
- Strong verbal and written communication skills
- Attention to detail with ability to operate independently
- Eager to work in an entrepreneurial environment
- Collaborative, energetic, enthusiastic, and a self-starter
- Foundational knowledge of deposit instruments, liquidity risk or treasury solutions is a plus
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: The Goldman Sachs Group, Inc., 2025. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity
Seniority level
-
Seniority level
Associate
Employment type
-
Employment type
Full-time
Job function
-
Job function
Finance and Sales
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Private Bank, Deposits, Associate, London employer: Goldman Sachs
Contact Detail:
Goldman Sachs Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Private Bank, Deposits, Associate, London
✨Tip Number 1
Familiarise yourself with the latest trends in private banking and deposit products. Understanding the competitive landscape and current market conditions will help you engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the private banking sector, especially those who work at Goldman Sachs or similar firms. Attend industry events or join relevant online forums to build connections that could provide insights or referrals.
✨Tip Number 3
Prepare to discuss your quantitative skills and how they apply to risk management and pricing strategies. Be ready to share examples of how you've used data analysis in previous roles to drive business outcomes.
✨Tip Number 4
Showcase your ability to work collaboratively in a fast-paced environment. Highlight experiences where you've successfully managed multiple tasks or projects simultaneously, as this is crucial for the Associate role.
We think you need these skills to ace Private Bank, Deposits, Associate, London
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Private Bank, Deposits, Associate position. Tailor your application to highlight relevant experiences that align with the job description.
Craft a Strong CV: Your CV should clearly outline your experience in financial services, particularly in deposits or banking. Use bullet points to detail your achievements and quantify your impact where possible, such as improvements in client relationships or successful product launches.
Write a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background in quantitative analysis and client relationship management makes you a great fit for the team. Be sure to mention any specific projects or experiences that demonstrate your skills.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial in the finance industry.
How to prepare for a job interview at Goldman Sachs
✨Understand the Private Banking Landscape
Familiarise yourself with the private banking sector, especially the products and services offered by Goldman Sachs. Be prepared to discuss how you can contribute to their deposit strategy and client relationship management.
✨Showcase Your Analytical Skills
Since the role involves pricing and risk analytics, be ready to demonstrate your quantitative skills. Prepare examples of how you've used data analysis in previous roles to inform business decisions or strategies.
✨Prepare for Client Interaction Scenarios
As client relationship management is key, think of scenarios where you've successfully managed client relationships. Be ready to discuss how you would approach client meetings and prepare marketing materials.
✨Exhibit Your Organisational Skills
The fast-paced environment requires strong organisational abilities. Share experiences where you've effectively managed multiple tasks or projects simultaneously, highlighting your attention to detail and ability to work independently.
