Asset & Wealth Management Operations-Portfolio Control Reconciliations-Dallas-Associate

Goldman Sachs•Dallas, TX

12d

About The Position

At Goldman Sachs, we connect people, capital and ideas to help solve problems for our clients. We are a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. For us, it’s all about bringing together people who are curious, collaborative and have the drive to make things possible for our clients and communities. The Asset & Wealth Management space is made up of Goldman Sachs Asset Management (GSAM) and Goldman Sachs’ Merchant Bank which brings together Goldman Sachs’ primary long term principal investing capabilities with the traditional money managing arm of the firm to offer a full suite of world-class investment solutions to the firm’s clients. A career with Goldman Sachs Asset Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world's leading asset managers with over $2 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions and building meaningful relationships with your clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors, and individuals.

Requirements

This is a highly technical role and as such requires ability to work effectively with a diverse group of professionals both internally and externally on wide variety of products and functions to solve for operational efficiency.
Relevant bachelor’s degree with an excellent academic record
4+ years of experience in Operations and/or Financial Services Industry, preferably in Asset management
Strong understanding of the theoretical and technical nature of accounting principles and theories including fund accounting, Tax lot accounting, and Net Asset Values
Extensive understanding of the product lifecycle (Equity, Fixed Income, and other similar financial products)
Familiarity with FIS Investment Accounting Manager (formerly Invest One) or any other portfolio accounting systems
Strong analytical skills, critical thinking, problem solving, and able to recommend long-term solutions
Excellence in risk management and meticulous attention to detail with a sense of urgency / deliver tight deadlines
Ability to work independently, multitask and adapt in a fast-paced environment to deliver results
Excellent communication (both written & spoken)
Experience working across multiple business areas and/or functions to deliver results
Advanced skills in Microsoft Excel, Word, PowerPoint, and ability to present to senior management

Responsibilities

Effectively execute and manage the daily processes and activities.
Partner with portfolio managers and Operation teams (Asset Servicing, Data and pricing, Controllers, Services, Client onboarding and Reporting) to make sure internal accounting system reflects accurate positions, cash, realized Gain-Loss and NAV for client accounts
Investigate differences in accounting and tax lots with custodians / sponsors and manage exceptions
Work closely with functional teams to resolve issues which direct impact on tax lots, positions, cash, realized Gain-Loss, portfolio manager trading, and After-tax performance of client’s report
Analyzing new accounting platform solutions to assess accounting capabilities and system functionality to ensure data integrity and accuracy
Identifying efficiencies and areas for improvement within operations for accounting to mitigate risk, reduce manual efforts, and drive scale
Creating, maintaining and reviewing accounting standards to manage the business needs
Developing a thorough knowledge of accounting across division
Coverage and oversight of custodian and fund administrators to maximize potential value delivery across the firm
Develop knowledge of industry trends, competitive landscape and capabilities to facilitate business, increase efficiencies, improve controls and enhance client experience
Mentor junior team members and build subject matter expertise in derivatives, NAV, and reconciliation frameworks
Lead training initiatives on product lifecycle, accounting treatment, and reconciliation methodologies