Asset Management Operations-Chicago-Associate-Settlements
About The Position
YOUR IMPACT We are seeking a highly motivated, detail-oriented, and thoroughly efficient candidate to join our Settlement Services team. In this capacity, you will provide investor servicing and recordkeeping focused on enabling distribution, providing consultative services, creating scale and controls. OUR IMPACT Goldman Sachs (GS) Asset Management delivers innovative investment solutions through a global, multi-product platform that offers clients the advantages that come with working with a large firm, while maintaining the benefits of a boutique. GS Asset Management is one of the pre-eminent investment management organizations globally. Critical to our success is our ability to leverage a global team of talented professionals to define solutions and lead changes across the operational infrastructure. The Shareholder Services group is a global, sales aligned service organization that provides high quality service and solutions to Shareholders. Through their client service model, Shareholder Services enables distribution of GS Asset Management investment products, provides consultative services, scale and controls, all with a focus on being accretive financially to the business. Within Shareholder Services, the Money Market and Settlement Services team provides client support by ensuring the accurate processing, recording and settlement of shareholder transactions for the Goldman Sachs Funds. The team is responsible for accurate and timely reporting to funds and coordinates notification of all trading activity to portfolio managers as well as reconciling all activity pertaining to the daily settlement of shareholder transactions.
Requirements
- BA/BS degree required
- Excellent communication, organizational, time management and interpersonal skills.
- Ability to work well under pressure, solve problems efficiently and multi-task in a deadline driven environment.
- Demonstrates accountability and sense of urgency in achieving results/completing tasks.
- Willingness to be a self-starter with excellent anticipation and strong analytical skills.
- Expert PC skills including MS Word, MS Excel, and MS Access.
Nice To Haves
- 3 years in the financial services industry, preferred mutual fund operations or accounting experience.
- Knowledgeable about the mutual fund industry
Responsibilities
- Initiate and reconcile all money movements (purchase, redemption and dividends) between the Transfer Agen accounts for GSAM and the corresponding custodian banks.
- Initiate all disbursement for the funds on behalf of the shareholder requests.
- Reconcile incoming payments with shareholder purchases orders and initiate funding to the custodian banks.
- Coordinate with the Client Service and Portfolio Management teams to ensure daily trading cut-offs for the funds are promptly met.
- Monitor and process fund estimates to ensure accurate portfolio and custodian reporting.
- Work closely with the Client Service team to resolve any shareholder requests regarding wires and trades settlement.
- Perform all functions under pressure of daily trading and processing deadlines.
- Complete audit of regulatory reporting which includes N-PORT, NFMP and financial statement confirmations.
- May perform other duties as assigned.
Benefits
- Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
