Corporate Treasury - Dallas- Associate, Settlements - 4185509

Goldman Sachs•Dallas, TX

1d•Onsite

About The Position

This role involves monitoring and reconciling payment flows daily, investigating and actioning payment exceptions, and performing day-to-day approvals in various payment systems or journals. The Associate will also perform daily NOSTRO reconciliation, investigate and resolve discrepancies, and partner with third-party processors, vendors, and technology teams to resolve issues. Key responsibilities include identifying and mitigating payment clearing and settlement risk, understanding and proposing solutions for key risks and controls in payment flows, and working as part of a team to perform daily production work. Additionally, the role involves providing training to new joiners, leading continuous improvement initiatives, developing requirements to enhance payment capabilities, and performing user acceptance testing. The Associate will participate in cross-functional projects, stay updated on the payments landscape, rules, and regulations, and participate in audit processes and quality assurance testing. Collaboration with Product, Engineering, and Risk functions for the design and implementation of new payment rails is also a key aspect of this position.

Requirements

Bachelor’s degree (U.S. or foreign equivalent) in Finance, Economics, Business Management, or a related field.
Two (2) years of experience in the job offered or in a related role.
Prior experience must include two (2) years with: handling payment settlements via various payment schemes, such as Automated Clearinghouse (ACH), checks, Fedwire, RTP, or SWIFT.
Prior experience must include two (2) years with: working with U.S. payment system or rails, such as ACH, checks, Fedwire, or RTP.
Prior experience must include two (2) years with: payment network operating rules and regulations such as FRB, National Automated Clearinghouse Association (NACHA), ECCHO, or CHIPS.
Prior experience must include two (2) years with: knowledge of payment formats such as ACH, ISO 20022, or SWIFT.
Prior experience must include two (2) years with: treasury operations experience at a Global Systemically Important Bank (G-SIB).

Responsibilities

Monitor and reconcile payment flows daily.
Investigate and action payment exceptions.
Perform day-to-day approvals in various payment systems or journals.
Perform daily bank NOSTRO reconciliation and investigate and resolve discrepancies.
Partner with third-party processors, vendors, and technology teams to resolve issues.
Identify and mitigate payment clearing and settlement risk.
Understand the key risks and controls of our payment flows; propose and execute solutions.
Work as part of a team to perform daily production work.
Provide training to new joiners in the team and lead continuous improvement initiatives.
Develop requirements to enhance payment capabilities and perform user acceptance testing.
Participate in cross-functional projects, such as various improvement initiatives.
Stay up to date with the evolving payments landscape, rules, regulations, and network rules.
Participate in internal and external audit processes as well as quality assurance testing.
Partner with teams in Product, Engineering and Risk functions in the design and implementation of new rails and enablers for existing rails.