Global Banking & Markets Operations-Ready To Margin-Salt Lake City-Associate

Goldman Sachs•Salt Lake City, UT

9d•Onsite

About The Position

The Ready to Margin team, part of Margin, Collateral Valuations Operations (MCVO) within Goldman Sachs Operations, focuses on mitigating counterparty credit risk. This global, multi-faceted function supports a wide range of derivative and security products including foreign exchange, commodities, credit, equity, interest rate, and bespoke structured derivatives. Team members develop expertise in derivative and security products, business areas, legal agreements, technology flows, and regulations. The role involves performing operational processes, demonstrating innovation, identifying inefficiencies and risks, implementing improvements, and providing a high level of client service. Close interaction with various bank departments such as Credit Risk Management, Legal, Compliance, Sales, Trading, Controllers, Middle Office, Client Representatives, Central Clearing Services, and other Operations Departments is expected, requiring strong communication skills. The firm promotes cross-training for a broad understanding of departmental functions, offering early responsibility and expecting contributions for group improvement.

Requirements

Derivatives documentation experience — Ops documentation, drafting, middle office, or derivatives legal background.
Strong familiarity with ISDA Master Agreements, schedules, and NY/UK law CSAs.
Ability to deconstruct legal documentation into operational data components.
Solid understanding of regulations such as UMR, FINRA, and Brexit-related changes and their margining implications.
Skill in tracing data flows across systems to diagnose and resolve breaks.
Hands-on experience with AcadiaSoft, TriOptima, SSI setup (Alert/Non-Alert), and tri-party custodian onboarding.
Detail-obsessed with a zero-defect mindset.
Strong control orientation and sound judgment on when to escalate.
Excellent verbal and written communication — comfortable drafting documentation and engaging internal stakeholders.
A self-starter who thrives both independently and as part of a collaborative global team.
Skilled at multitasking, prioritizing, and continuously learning.
Stay ahead of the curve — keep pace with evolving business, economic, and market trends that shape our industry.
Bring strong technical and analytical skills, an eye for detail, and the initiative to continuously deepen your expertise.
Juggle multiple priorities with energy and focus.
Set ambitious goals, push through obstacles, and take ownership of your own growth and performance.
Build trusted, long-term relationships with internal and external clients.
Navigate difficult requests with poise, help clients articulate their needs, and set clear expectations.
Be the kind of teammate others want to work with — collaborative across teams, inclusive of diverse voices, and quick to recognize others' contributions.
Cut through complexity and communicate what matters — clearly, concisely, and with purpose.
Share knowledge and ideas generously across the organization.
Think ahead — anticipate questions, plan for contingencies, and identify alternative solutions.
See the big picture while dissecting complex issues with rigor.
Challenge the status quo. Look for smarter ways to work and design creative, practical solutions that deliver real value.
Build persuasive, well-reasoned cases for your ideas.
Take a stand on the issues that matter and influence outcomes through sound rationale and credible recommendations.

Responsibilities

Review and analyze ISDA Master Agreements, CSAs, and other master documentation, identifying material clauses and key risk terms.
Translate complex legal language into structured data, capturing terms into Credit, Legal, and Margin systems.
Serve as the review and approval checkpoint before terms flow into downstream pricing, confirmation, collateral, and regulatory platforms.
Own the setup of client Standard Settlement Instructions (SSIs) for cash and securities, including Alert, Non-Alert, third-party, and tri-party custodian accounts.
Configure collateral accounts and work across platforms such as Acadia and TriOptima.
Collaborate with Legal, Credit, Middle Office, Trading, Sales, Corporate Treasury, and Risk to resolve issues and unlock opportunities.
Partner with Engineering to resolve system breaks and drive scalable enhancement.
Identify operational risks and design robust controls to mitigate them.
Ensure prompt resolution of regulatory exceptions (UMR, FINRA and SEC and more).
Streamline workflows, build metrics with the global team, and contribute to new product reviews to ensure scalable support.