Global Banking & Markets - Operations - Collateral and Margin - Associate - New York

Goldman Sachs•New York, NY

13h•Onsite

About The Position

This position is for an Associate, Collateral and Margin with Goldman Sachs & Co. LLC in New York, NY. The role involves partnering with professionals across various departments including Credit Risk Management, Legal and Compliance, Sales, Trading, Risk Management, and other Operations Departments. The Associate will be responsible for monitoring client portfolios, issuing and receiving collateral calls, resolving client disputes and queries, and performing new client on-boarding. The role also includes liaising with internal groups to resolve collateral issues, reconciling portfolios, performing collateral optimization, and executing monthly interest and coupon settlements. Additionally, the Associate will perform control functions, inter-company margining, NPV control validation, and margin calculation, exception, and collateral settlement approval processing, as well as SIMM Calculations. Goldman Sachs is a leading global investment banking, securities and investment management firm, founded in 1869 and headquartered in New York with offices worldwide. The company is committed to fostering diversity and inclusion, providing opportunities for professional and personal growth, and offering benefits, wellness, and personal finance programs. They also provide reasonable accommodations for candidates with special needs or disabilities and are an equal opportunity employer.

Requirements

Bachelor’s degree (U.S. or foreign equivalent) in Financial Risk Management, Business Administration, Finance, Accounting, Engineering, or a related field and 3 to 5 years of experience in job offered or a related operational role within the finance industry.
2-3 years of experience with ability to identify and propose solutions to problems and challenge processes, as well as experience in presenting proposed solutions to management.
2-3 years of experience with demonstrated willingness to dig into the details as needed to resolve operational and client-specific issues.
2-3 years of experience in interacting with external clients, as well as coordinating closely with professionals from other business areas.
2-3 years of experience with demonstrated ability to adapt to internal and external changes, including to changes in market conditions that demand immediate action.
2-3 years of experience utilizing Excel macros and other functions, including vlookup and VBA.

Responsibilities

Partner with professionals from a wide range of areas, including Credit Risk Management, Legal and Compliance, Sales, Trading, Risk Management and other Operations Departments.
Demonstrate value to team and improve operations by spotting inefficiencies and proposing strategies for improvement.
Monitor client portfolios on a daily basis, issuing and receiving collateral calls to ensure the firm’s credit risk is mitigated.
Interact extensively with clients in order to resolve client disputes and queries, as well as to perform new client on-boarding.
Liaise with internal groups (Credit, Sales, Trading, Middle office, Legal, Front Office, Settlements, and Corporate Treasury) to resolve collateral issues.
Reconcile portfolios and perform Collateral Optimization.
Perform monthly Interest and coupon settlement.
Perform a number of control functions, ensuring the integrity of our processes.
Perform Inter-Company Margining including NPV control validation, applying knowledge of associated and applicable regulations applicable to margining GSLEs across different jurisdictions.
Execute margin calculation, exception and collateral settlement approval processing, as well as SIMM Calculations.