Global Banking & Markets - Salt Lake City - Associate, Collateral and Margin – 10197364.

Goldman Sachs • Salt Lake City, UT

1d • Onsite

About The Position

The Associate, Collateral and Margin role at Goldman Sachs & Co. LLC in Salt Lake City, Utah, involves partnering with exchange and internal teams to design and implement operational workflows for assets used as collateral. This includes escalating and reviewing risk exposure for the firm and clients, collaborating with the Engineering division on business initiatives and exchange-mandated projects, and overseeing exception management for high-risk items. The role also ensures compliance with regulatory requirements, performs margin and funding calculations, and approves significant payments related to collateral and mark-to-market across various exchanges.

Requirements

• Master’s degree (U.S. or foreign equivalent) in Finance, Economics, Business Administration, or related field and one (1) year of experience in the job offered or in a related role OR Bachelor’s degree (U.S. or foreign equivalent) in Finance, Economics, Business Administration, or related field and three (3) years of experience in the job offered or in a related role.
• Communicating verbally and in writing with a wide range of stakeholders including on risk issues, process improvement projects, and open actionable issues.
• Performing risk management and settlement of collateral movements across global markets.
• Working with stakeholders across trading desks, operations, technology, legal and compliance departments and global groups.
• Reviewing standard operating procedures and working on streamlining and automating workflows.

Responsibilities

• Partner with exchange and internal teams such as corporate treasury, liquidity management and settlement team to design and implement operational workflow for various assets held by the firm to be placed as collateral to exchange.
• Escalate and review the risk exposure assessed and settled by the team for both the Firm and our clients on Exchange websites.
• Partner with the Engineering division to design, build, and project manage business initiatives and exchange-mandated projects to enable firm and client trading on any cleared product.
• Oversee exception management and review high risk items with Credit Risk Management, Legal, and Compliance teams that have a direct financial impact.
• Ensure regulatory items related to client asset segregation are in accordance with the Commodities Futures Trading Commission (CFTC) regulation, as any breaches could result in fines.
• Perform Margin and Funding calculations to identify best suitable collateral to fund exchanges; ensure junior members are trained and understand the calculation methodologies.
• Approve payments (up to S100 million USD) related to mark to market and collateral across European CPs, such as EUREX, and US CCPs like Chicago Mercantile Exchange.
• Approve of value payments (up to $100 million USD) through an established scrutiny process that examines the reason for the payment and assesses its impact. Such transactions are approved in GPS, the Firm's payment system.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level