Working at Goldman Sachs Singapore: Company Culture, Benefits, and Leadership

In the world of global finance, Goldman Sachs stands out as a powerhouse with a legacy dating back to 1869. This blog by Aniday offers a thorough look into the experience of working at Goldman Sachs Singapore, covering the company's history, dynamic culture, attractive benefits, and impactful leadership.

Company History: A Legacy of Innovation and Leadership

Founded back in 1869, today, Goldman Sachs has influenced the financial industry for more than a century. Tapping on creative ideas, with a global workforce of approximately 40,000 associates, it places a strong emphasis on teamwork and client service. 

This legacy of excellence lives on in Singapore, where Goldman Sachs is dedicated to providing exceptional financial services and promoting a culture of ongoing innovation.

Culture of Goldman Sachs Singapore: A Pillar of Success

At the heart of Goldman Sachs' success lies its distinctive culture. Characterized by values such as teamwork, client service, integrity, and excellence, the firm's culture forms the bedrock of its operations. 

1. Core Values

Goldman Sachs' culture is based on principles such as community involvement, cooperation, and client service. The success of the company is hugely influenced by these ideas.

2. Diversity and Inclusion

Building and sustaining a diverse and inclusive workforce that is reflective of the nations and cultures in which the company conducts business is very important to Goldman Sachs. The company's business principles make a clear commitment to diversity, emphasizing that diversity is a requirement rather than an option.

3. Initiatives for Inclusiveness

The firm is leveraging technology and new media to identify talent, creating pipeline programs to attract individuals who may not traditionally pursue careers in financial services, and establishing a common language, skill set, and system of accountability around inclusiveness. This includes educational initiatives focused on increasing awareness and addressing inclusion, particularly with regard to race and ethnicity.

4. Affinity Networks and Interest Forums

Goldman Sachs has developed over 80 diversity-based affinity networks and interest forums globally. These networks provide opportunities for employees to share their experiences, offer feedback, and build professional relationships across business units and divisions.

5. Inclusive Environment

The firm recognizes the importance of an inclusive environment for team success. To excel, all team members must feel that they are operating in an environment that welcomes differences and encourages input from all perspectives.

Benefits of Goldman Sachs Singapore: Nurturing Well-being Inside and Outside the Office

Goldman Sachs Singapore understands that a motivated and fulfilled workforce is key to sustained success. The benefits package offered to employees reflects a holistic approach to Compensation, Wellness, Personal and Family Responsibilities, Wealth Creation and Equity Awards.

1. Compensation

Your compensation is a reflection of their commitment to recognizing and rewarding your contributions. It undergoes an annual review, encompassing salary, discretionary compensation, and relevant local allowances. We strive to provide highly competitive pay levels, taking into account the firm’s overall performance, divisional success, and individual achievements.

2. Benefits

• Healthcare and Medical Insurance: Attend their benefits fair to explore the diverse health and welfare programs tailored to your needs. These include medical, dental, disability insurance, life coverage, accidental death insurance, and more, ensuring your well-being is a top priority.

• Holiday and Vacation Policies: Enjoy competitive vacation policies based on your role and location. In addition to statutory and public holidays, you are encouraged to take time off to recharge with generous vacation entitlements, providing a minimum of three weeks expected vacation usage annually.

• Financial Wellness & Retirement: They are invested in your financial well-being. Benefit from resources to help achieve personal financial goals, including retirement planning, support for higher education, and various benefits for unforeseen circumstances. Engage with live financial education on topics ranging from market volatility to legacy planning.

3. Wellness

• Health Services: Your health is vital. Access medical advocacy services, counseling, and referral services through our Employee Assistance Program (EAP). On-site health centers, Global Medical, Security and Travel Assistance, and a Workplace Ergonomics Program further support your well-being.

• Fitness: Encouraging a healthy lifestyle, some offices provide on-site fitness centers, with eligible employees reimbursed for fitness club memberships or activities up to a pre-approved amount.

4. Personal and Family Responsibilities

Childcare / Family Care: In selected offices, we offer on-site childcare centers, mother and baby rooms, and homework rooms. Expect support for parental responsibilities, including advice, counseling, and programs for parents returning from leave. Stipends are available for adoption, surrogacy, egg donation, and retrieval.

Leave of Absence: Benefit from additional leave options, such as marriage or civil partnership leave, parental and adoption leave, family emergency leave, and sabbatical leave for tenured employees.

5. Other Benefits

Explore a range of additional benefits varying by location, including Business Travel Assistance, scholarships, educational support, and reimbursement for entertainment, meals, communication, and transportation.

• Flexible Working: Subject to manager approval, flexible work arrangements such as part-time schedules, job sharing, telecommuting, and alternate hours are available to meet personal and family responsibilities.

• Wealth Creation and Equity Awards: Our equity program aims to attract, retain, and motivate employees, aligning them with the firm’s long-term growth. Explore wealth-creation opportunities, including the Employee Special Investment Program offering eligible employees access to Goldman Sachs funds.

Leadership of Goldman Sachs Singapore

Goldman Sachs Singapore is led by a team of leaders who bring their years of experience and expertise to the table as they steer the ship forward. 

• David Solomon - Chairman and CEO: As the Chairman and Chief Executive Officer, David Solomon has a strategic vision and leadership. Previously, holding the roles of President and Chief Operating Officer, showcasing his profound understanding of the firm's operations.

• John E. Waldron - President and COO: Currently serving as the President and Chief Operating Officer, he spearheads the firm's risk management and reputational oversight. His roles in various committees highlight his commitment to maintaining the highest standards.

• Denis Coleman - Chief Financial Officer: As Chief Financial Officer, Denis Coleman oversees the financial health of the firm, contributing to critical committees that guide Goldman Sachs' risk and asset liability.

• John F. W. Rogers - Executive Vice President: John Rogers, as Executive Vice President, serves a crucial role as Secretary to the Board of Directors. His involvement in committees underscores the importance of regulatory adherence.

• Ericka Leslie - Chief Administrative Officer: Ericka Leslie, the Chief Administrative Officer, plays a pivotal role in steering the firm's administrative functions. Her involvement in inclusion and diversity committees showcases a commitment to fostering a supportive workplace.

• Philip Berlinski - Global Treasurer: As Global Treasurer, Philip Berlinski oversees critical financial aspects, reflecting a commitment to global financial standards and risk management.

In Summary

Aniday believes that with a rich history, a culture that embraces diversity, and a comprehensive benefits package prioritizing employee well-being, Goldman Sachs Singapore offers a fulfilling and impactful career. Guided by visionary leadership, employees embark on a journey blending tradition with innovation, setting the stage for continued success and growth in the financial world.