Global Banking & Markets - Salt Lake City - Associate, Settlements -9436790

Goldman Sachs•Salt Lake, UT

23h•Onsite

About The Position

This role involves performing duties in derivative operations, with a specialized focus on Foreign Exchange Products (FX) such as swaps, forwards, cash settled forwards, options, exotic trades and structured trades. The position requires monitoring trade settlement and confirmation procedures, risk management, and control processes. Key responsibilities include monitoring trade bookings, confirming settlement and trade netting agreements, identifying and escalating discrepancies, and providing client services. The role also involves generating management reporting with investigation and commentary for fails to pay, fails to receive, and balance breaks. A significant aspect of the job is identifying process flaws and proposing solutions to improve efficiency and support the team manager in reducing costs, enabling scale, and supporting the business. The Associate will design and deliver solutions that enhance automation, eliminate exceptions, and promote data-driven decision-making. Ensuring all trade economics and discrepancies are appropriately investigated and resolved, while managing client expectations and potential fail exposure, is crucial. The role also involves identifying process and controls improvements by leveraging evolving tools to build scalability without introducing new risks. Monitoring KPIs/KRIs and ensuring timely execution of daily tasks, along with escalating aged/high value/high risk client exceptions, are also key duties.

Requirements

Bachelor’s degree (U.S. or foreign equivalent) in Finance, Quantitative Finance, Computer Science, or related quantitative field.
Three (3) years of experience in the job offered or in a related role.
Prior experience must include three (3) years of experience with: foreign exchange, booking validation, and conflict settlement structure.
Prior experience must include three (3) years of experience with: antifraud, pre-settlement and post-settlement analysis.
Prior experience must include three (3) years of experience with: balance breaks and investigations.
Prior experience must include three (3) years of experience using FX industry platforms including FXALL, FINASTRA, GTSS, or Bloomberg.
Prior experience must include three (3) years of experience with client facing interaction and issue management supporting sales and trading desks.
Prior experience must include three (3) years of experience with Foreign Exchange (FX) Derivatives including Spot, Forwards, NDFs and Options.
Prior experience must include three (3) years of experience monitoring time-sensitive intraday requests and escalations.
Prior experience must include three (3) years of experience with Microsoft Office & other data tools for data analysis for Client Strategies & Optimization.

Responsibilities

Perform duties in derivative operations, with a specialized focus on Foreign Exchange Products (FX) such as swaps, forwards, cash settled forwards, options, exotic trades and structured trades.
Monitor trade settlement and confirmation procedures, risk management, and control processes.
Monitor trade bookings, confirm settlement and trade netting agreement, identify and escalate discrepancies, and provide client services.
Generate management reporting with investigation and commentary for fails to pay, fails to receive, and balance breaks.
Identify process flaws and propose solution to resolve and improve efficiency.
Support the team manager on reducing cost, enabling scale, and supporting the business.
Design and deliver solutions that enhance automation, eliminate exceptions and move to more data-driven decision-making.
Ensure all trade economics and discrepancies are appropriately investigated and resolved, while managing client expectations and potential fail exposure.
Identify process and controls improvements by leveraging constantly evolving tools that can be used to build scalability without introducing new risks.
Monitor KPIs/KRIs and ensure timely execution of team’s daily tasks and escalate aged/high value/high risk client exceptions to respective business owners and senior management.