Wealth Management-Private Wealth Management-Margin Lending-Salt Lake City-Vice President

Goldman Sachs•Salt Lake, UT

48d

About The Position

The Margin Lending team is seeking an experienced operations manager to oversee day-to-day operations at Goldman Sachs. Operations is a dynamic, multi-faceted division that partners with all parts of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. In addition, Operations provides essential risk management and control to preserve and enhance the firm’s assets and its reputation. The PWM Margin Lending team’s primary responsibility is margin risk monitoring supporting the Private Wealth Management (PWM) business by ensuring clients’ accounts remain within exposure limits, and to the extent clients’ have exceeded their available borrowing capacity, ensuring that actions are taken to bring the client’s account back within their limit. The team focuses on a combination of day to day operational functions and value added projects and initiatives. One key function 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. Separately, the team works on a variety of different projects that focus on enhancements to manual processes, system uplift to increase scale, and inquiry processing on the back of client requests.

Requirements

Bachelor’s degree
5+ years of experience in operations management
Proven track record of effectively managing teams
Deep understanding of operations functions and processes
Excellent communication and leadership skills
Ability to work under pressure and meet tight deadlines
Possess AI experience and demonstrates a transformation mindset
Examples of successful project management experience
Good attention to detail and passion for executing to the highest standards of the company

Nice To Haves

Understanding of the securities industry; experience with Margin Lending business, product flows and systems, including OTC derivatives and intercompany processes.

Responsibilities

Partner with the entire management team to ensure that processes are established and maintained to achieve business objectives
Work closely with senior leadership to challenge the status quo and inspire innovative thinking
Manage operational procedures, perform complex analyses, develop action plans, and implement new systems and processes to improve the existing operations
Partner with Technology and Business stakeholders to troubleshoot and resolve complex trading issues
Provide approval for margin calls, wires, and account transfer workflows
Provide subject matter expertise and testing support for ongoing system enhancements and regulatory initiatives
Maintain and foster business relationships with Private Wealth Management Sales Teams, Engineering and other Operations teams