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

Goldman Sachs • Salt Lake, UT

1d • Onsite

About The Position

This role is for an Associate, Collateral and Margin with Goldman Sachs & Co. LLC in Salt Lake City, Utah. The position involves partnering with exchange and internal teams to design and implement operational workflows for assets used as collateral. Key responsibilities include managing risk exposure, collaborating with the Engineering division on business initiatives and exchange-mandated projects, overseeing exception management, ensuring regulatory compliance (CFTC), performing margin and funding calculations, and approving significant payments related to collateral and mark-to-market adjustments.

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

• 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.
• Perform Margin and Funding calculations to identify best suitable collateral to fund exchanges.
• Train junior members on 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.

What This Job Offers

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