Global Banking & Markets Operations-Cleared Collateral Management-Salt Lake City-Associate

Goldman Sachs•Salt Lake City, UT

5d•Onsite

About The Position

The Associate role is within the Global Banking & Markets Operations-Cleared Collateral Management team in Salt Lake City. This position is part of the Operations division, which partners with all parts of the firm to provide banking, securities, and asset management services globally. The Cleared Collateral Operations team focuses on the day-to-day oversight, control framework, and risk management for collateral and margin activities for both the firm and its clients. This involves mitigating risks associated with critical business processes for derivative and futures products. The role includes daily mark-to-market activity, collateral settlement, and risk management across clients and Clearing Counterparties (CCPs). The Associate will also assist managers and the team in performing and providing oversight for various responsibilities, including resolving counterparty risk exposure, identifying and implementing procedural enhancements, assisting in strategic enhancement implementation, providing daily work allocation and risk assessment, conducting training, performing collateral and margining activities, reviewing settlements, reporting on open risk exposure, and partnering with technology on exception resolution.

Requirements

Experience in collateral and margin activities for derivative and futures products.
Experience with daily mark-to-market activity.
Experience with collateral settlement.
Experience with risk management.
Experience with Clearing Counterparties (CCPs).
Experience resolving counterparty risk exposure.
Experience with booking/recalling cash or securities.
Experience with payment approvals.
Experience identifying and proposing procedural enhancements.
Experience implementing strategic enhancements.
Experience developing operation requirements.
Experience with testing.
Experience with work allocation.
Experience with risk assessment.
Experience conducting training.
Experience reviewing and confirming settlements.
Experience providing end of day risk exposure reports.
Experience partnering with technology on exception resolution.

Responsibilities

Daily mark to market activity, collateral settlement and risk management across clients and Clearing Counterparties (CCPs).
Assist in the resolve of items related to counterparty risk exposure and prioritization of open items including the booking/recalling of cash or securities; exposure to firm and clients; approvals of payments to ensure accuracy and appropriateness.
Identify and propose strategic procedural enhancements to improve efficiency and mitigate risk and drive the implementation of those approved and prioritized.
Provide assistance in the implementation of strategic enhancements including development of operation requirements, testing and thought leadership resulting from efficiency opportunities, regulatory changes, mitigation of risk, etc.
Provide start of day work allocation and risk assessment for the exceptions to management.
Conduct training to increase knowledge depth.
Perform daily client and firm collateral and margining activities.
Review and confirm settlement of payments and position transfers internally and with external brokers.
Provide end of day open risk exposure reports to management.
Partner with technology on resolving exceptions which require adjustments.