Global Banking & Markets Operations - Liquidity Trade Management- Dallas - Associate

Goldman Sachs•Dallas, TX

11d•Onsite

About The Position

Liquidity Trade Management manages the operational elements for daily funding and liquidity management for the firm. The team performs key functions related to counterparty risk management, client transparency, product and pricing reference data. We mainly provide Middle Office support to the Corporate Treasury, Global Liquidity Products (GLP) and Short-Term Interest Rate (STIR) desks for aspects of the secured and unsecured funding business by ensuring control and oversight of the firm’s REPO trade allocations, confirmations, and payments to clients. Maintain close, senior level relationships with market counterparts, agent banks & internal business partners, as well as daily interaction with Global Securities Division Operations teams globally. Work with technology and business to introduce the new systems, applications and tools and/or uplift existing ones to enable the business with robust controls. Drive the prioritization discussion for the key initiatives for the business as well as for the control framework and workflow enhancement of the existing processes. Participate in the market-wide initiatives to implement the necessary regulatory changes into the internal workflow, risk controls and reporting Act as face-off to with the regulatory bodies in the markets to ensure our business is complying with the various regulations in a fast-changing environment. Represent LSTS on various cross department initiatives and regulatory/industry-driven initiatives. Define and implement most optimized and effective workflow and controls to manage risks Partner across Trading and Sales Desks around the globe to ensure accurate and timely trade allocation, confirmation, matching and settlement of our trades, while also performing some key control checks to minimize financial, reputational and regulatory risks to the firm and its clients at a management level. Analyze and resolve exceptions, escalate risk items to management and the business.

Requirements

Experience in Liquidity Trade Management or a related operational role within banking and markets.
Understanding of counterparty risk management, client transparency, and product/pricing reference data.
Familiarity with REPO trade allocations, confirmations, and payments.
Ability to maintain senior-level relationships with market counterparts, agent banks, and internal business partners.
Experience working with technology and business teams on system implementations and enhancements.
Skills in driving prioritization discussions for business initiatives and control frameworks.
Knowledge of market-wide initiatives and regulatory changes impacting internal workflows, risk controls, and reporting.
Experience interacting with regulatory bodies.
Ability to define and implement optimized workflows and controls.
Strong partnering skills with Trading and Sales Desks globally.
Proficiency in ensuring accurate and timely trade allocation, confirmation, matching, and settlement.
Experience performing control checks to minimize financial, reputational, and regulatory risks.
Ability to analyze and resolve exceptions.
Experience escalating risk items to management and the business.

Responsibilities

Provide Middle Office support to the Corporate Treasury, Global Liquidity Products (GLP) and Short-Term Interest Rate (STIR) desks for aspects of the secured and unsecured funding business.
Ensure control and oversight of the firm’s REPO trade allocations, confirmations, and payments to clients.
Maintain close, senior level relationships with market counterparts, agent banks & internal business partners.
Interact daily with Global Securities Division Operations teams globally.
Work with technology and business to introduce new systems, applications and tools and/or uplift existing ones to enable the business with robust controls.
Drive prioritization discussions for key initiatives for the business, as well as for the control framework and workflow enhancement of existing processes.
Participate in market-wide initiatives to implement necessary regulatory changes into internal workflow, risk controls, and reporting.
Act as face-off to regulatory bodies in the markets to ensure business compliance with various regulations.
Represent LSTS on various cross-departmental initiatives and regulatory/industry-driven initiatives.
Define and implement optimized and effective workflows and controls to manage risks.
Partner across Trading and Sales Desks globally to ensure accurate and timely trade allocation, confirmation, matching, and settlement.
Perform key control checks to minimize financial, reputational, and regulatory risks to the firm and its clients.
Analyze and resolve exceptions.
Escalate risk items to management and the business.