Former Goldman Sachs Group Inc. partner Steven Mnuchin has been recommended by Donald Trump's transition team to serve as Treasury secretary, according to two people familiar with the process, and the choice is awaiting the president-elect's final decision.

Mnuchin, the campaign's national finance chairman, has been considered the leading candidate for the job. Trump has already displayed a pattern of loyalty to those closest to him during the campaign in early selections for administration jobs, and Mnuchin joined the campaign at a time when many from Wall Street stayed away.

Mnuchin, chief executive officer and co-founder of Dune Capital Management, was seen at Trump Tower Monday. Asked by reporters why he's there, he said, "I'm here just helping with the transition this week. A lot of work to do." He did not immediately respond to messages left on his mobile phone for a request for comment.