Global Banking & Markets Operations - Prime Margin Lending - New York - Associate

Goldman Sachs•New York, NY

4d•$80,000 - $135,000•Onsite

About The Position

The Prime Margin Lending team sits within the Margin, Collateral Valuations Operations (MCVO) group and supports a broad array of businesses across Goldman Sachs including Prime Brokerage (PB), and Goldman Sachs Execution and Clearing (GSEC). The teams are responsible for monitoring to ensure that clients remain within exposure limits and ensuring that actions are taken to bring the client’s account back within their limit. The primary job responsibility is validating and ensuring all margin calls are issued on a timely basis, working closely with Business Partners to ensure all calls are met in a timely manner. There are also regulatory reporting obligations that are performed by the team daily, across businesses. MCVO sits within the Goldman Sachs Operations organization. A global, multi-faceted and cross product function, the primary objective of the department is the mitigation of counterparty credit risk through the active monitoring of clients’ derivative, prime brokerage, GS execution & clearing, derivatives clearing and securities financing portfolios. The NY MCVO team works in close partnership with teams in New York, London, Warsaw, Singapore, Hyderabad & Bengaluru. Products supported include foreign exchange, commodities, credit, equity, interest rate and bespoke structured derivatives. The team manages a wide range of complex processes, with members developing skills and competencies around derivative & security products and their respective business areas, legal agreements, technology flows and regulations.

Requirements

4+ years of experience
Strong numerical, analytical, and problem-solving skills
Strong communication skill and should be highly articulate with a strong appreciation of client service
Flexible to manage differing challenges and ever-increasing complex nature of transactions
Ability to learn quickly in a fast-moving environment.
Team oriented approach to sharing workload and leverage skill sets
Strong organizational skills and the ability to cope with rapidly changing priorities throughout the day are essential
Strong attention to detail and multi-tasking skills to balance competing priorities and meet deadlines
Ability to generate creative solutions to problems and challenge processes, be willing to dig into the detail to resolve issues

Nice To Haves

Familiarity with Excel
Evidence of experience working within Financial Services with exposure to Over-the-Counter Derivatives.

Responsibilities

Validating and ensuring all margin calls are issued on a timely basis.
Working closely with Business Partners to ensure all calls are met in a timely manner.
Performing daily regulatory reporting obligations across businesses.
Mitigating counterparty credit risk through the performance of a number of operational processes.
Demonstrating innovation and a proactive approach, highlighting inefficiencies, risks and implementing improvements.
Providing a high level of service to clients.
Interacting closely with a wide range of areas of the bank including Credit Risk Management, Legal and Compliance, Sales, Trading, Controllers, Middle Office, Client Representatives, Central Clearing Services and other Operations Departments.