Global Banking & Market - MCVO - Collateral Management - Associate - LondonOUR IMPACT
The Goldman Sachs Group, Inc. is 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,ernments and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
Founded in 1869, Goldman Sachs has long sustained amitment to hiring and training outstanding leaders. Our business principles are rooted in integrity, amitment to excellence, innovation and teamwork. These values enable us to execute successfully a business strategy that is focused on extraordinary client service and superior long-term financial performance for our shareholders.
We conduct our business in increasinglyplex markets. Our people must continually find new ways to provide access to capital, manage risk and provide investment opportunities for our clients to enable them to realise their goals. We judge ourselves on our ability to help clients anticipate and respond to changing market conditions and to create opportunities that merit the trust they place in us.
We aremitted to growing our distinctive Culture and upholding our core values which always place our client's interests first. These values are reflected in our Business Principles, which emphasise integrity,mitment to excellence, innovation and teamwork.
BUSINESS UNIT OVERVIEW
An Associate within Collateral Management will primarily be focused on the mitigation of counterparty credit risk through the performance of and reengineering of a number of operational processes. The role calls for strong Collateral Management or Derivatives experience. Associate will be expected to perform these functions as well as demonstrating innovation and a proactive approach, highlighting inefficiencies, risks and implementing improvements. In addition, the Associate will be expected to provide a high level of service to their clients.
The role will involves close partnership and interaction with a wide range of areas, including Credit Risk Management, Legal andpliance, Sales, Trading, Risk Management and other Operations Departments. As a result the successful candidate will be required to possess strongmunication skills. Collateral Management, part of Margin, Valuations & Pricing Operations sits within the Goldman Sachs Liquidity Collateral & Optimization 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 and securities financing portfolios. Collateral Management is currently +100 staff strong in globally, with regions in Salt Lake City, New York, London, Bangalore and Singapore working closely together.
The team have a rare opportunity to support products and business ranging from foreign exchange,modities, credit, Equity, Interest Rates, Repo, Insurance/Pensions and bespoke structured derivatives and arrangements. The team manages a wide range ofplex processes, with members developing skills andpetencies around derivative & security products and their respective business areas, legal agreements, technology flows and regulations.
JOB SUMMARY AND RESPONSBILITIES
1. Providing oversight across the team on the status of Issuance, Bookings & Controls.
2. Providing Training an Coaching to the team to continue upskilling the Analysts
3. Bing 1st point of escalation to Clients
4. Resolution and escalation of all client disputes and regulatory queries.
5. New client on-boarding.
6. Liaison with internal groups (Credit, Sales, Trading, Middle office, Legal, Front Office, Settlements, and Corporate Treasury) to resolve collateral issues.
7. Reconciliation of portfolios.
8. Collateral Optimization
9. Monthly Interest and coupon settlement.
10. Performing a number of control functions, ensuring the integrity of our processes.
Basic Qualifications
11. Ability to generate creative solutions to problems and challenge processes; be willing to dig into the detail to resolve issues.
12. Some experience of portfolio reconciliations and processing of margin calls would be desirable.
13. Confidence to interact with external clients
14. Strong organizational skills and the ability to cope with rapidly changing priorities throughout the day are essential
15. Familiarity with/ability to learn Excel macros and other functions
Preferred Qualifications
16. Functional Expertise - Keeps up-to-date with emerging business, economic, and market trends
17. Technical Skills - Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/ her knowledge and demonstrates appropriate financial/analytical skills
18. Client and Business Focus - Effectively handles difficult requests, builds trusting, long term relationships with clients, helps the client to identify/define needs and manages client/business expectations
ABOUT GOLDMAN SACHS
At Goldman Sachs, wemit our people, capital and ideas to help our clients, shareholders and themunities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.
We believe who you are makes you better at what you do. We'remitted to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS/careers.
We'remitted to finding reasonable amodations for candidates with special needs or disabilities during our recruiting process. Learn more: //goldmansachs/careers/footer/
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Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity
Job ID 300006102036120