Private Wealth Management Technology - Goldman Sachs

Private Wealth Management Technology

Private Wealth Management Technology partners with the Private Wealth Management business to create technical solutions that provide clients with a level of investment research, trading execution and personalized wealth services that most firms afford only to their institutional investors.

Private Wealth Management Technology is comprised of the following application development teams:

Sales Technology builds and supports applications that help the Private Wealth Advisors effectively manage the clients before, during and after the sale. It covers investment management tools, client web and investment research portal.

Trading Technology provides a wide array of tools to manage, execute and book orders for various financial products such as equities, options, fixed income, structured notes, foreign exchange, mutual funds, IPOs, hedge funds, private equity, derivatives and cash equivalents.

Core Custody builds and maintains applications that provide the core custody functions, including bookkeeping, asset servicing, margin calculations, asset transfer and cash management.

Middle Office Tools builds applications that facilitate the front office and operations staff to perform various account maintenance functions, such as initiating wire transfers, approval of payments and managing of business exceptions using workflow tools.

Core Accounting builds and maintains systems that provide portfolio valuation functions including tax-lot generation, using various depletion algorithms, gain/loss calculations, accretion amortization and yield calculations, calculations of investment returns on various asset classes and comparison to benchmarks.

Reporting designs and maintains report-friendly databases containing all client investment data, and generates client reports including e-confirms and monthly statements.

Private Banking develops and supports online banking functions, such as bank depository accounts, automatic bill pay, ACH transfers, direct deposits, checking, debit and charge cards, loans and mortgages.

Compliance supplies the necessary tools to monitor all Private Wealth Management business activity, addressing both regulatory and internal requirements.

Financial Systems provides timely and accurate financial information used to manage the Private Wealth Management business, bill clients, post revenues and compensate sales teams.

Referential Data builds systems that maintain various reference data elements, accounts and client information, product information, prices and exchange rates as well as financial and holiday calendars.

Core and Infrastructure designs, develops and implements infrastructure for complex database systems, middle tier and front-end apps. It is responsible for system stability, scalability, performance and architecture enhancements and caters for build, deploy and release management for the entire department.

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