Global Banking & Markets - Operations - Collateral and Margin - Associate - New
Goldman Sachs, New York, NY, United States
Job Duties
Associate, Collateral and Margin with Goldman Sachs & Co. LLC in New York, NY.
Partner with professionals from a wide range of areas, including Credit Risk Management, Legal and Compliance, Sales, Trading, Risk Management and other Operations Departments.
Demonstrate value to team and improve operations by spotting inefficiencies and proposing strategies for improvement.
Monitor client portfolios on a daily basis, issuing and receiving collateral calls to ensure the firm’s credit risk is mitigated.
Interact extensively with clients in order to resolve client disputes and queries, as well as to perform new client onboarding.
Liaise with internal groups (Credit, Sales, Trading, Middle office, Legal, Front Office, Settlements, and Corporate Treasury) to resolve collateral issues.
Reconcile portfolios and perform Collateral Optimization.
Perform monthly Interest and coupon settlement.
Perform a number of control functions, ensuring the integrity of our processes.
Perform Inter-Company Margining including NPV control validation, applying knowledge of associated and applicable regulations applicable to margining GSLEs across different jurisdictions.
Execute margin calculation, exception and collateral settlement approval processing, as well as SIMM Calculations.
Minimum Education Requirements / Degree and Field and Minimum Years of Experience Required
Bachelor’s degree (U.S. or foreign equivalent) in Financial Risk Management, Business Administration, Finance, Accounting, Engineering, or a related field and 3 to 5 years of experience in job offered or a related operational role within the finance industry.
Prior Experience Must Include 2-3 Years of Experience With
Ability to identify and propose solutions to problems and challenge processes, as well as experience in presenting proposed solutions to management.
Demonstrated willingness to dig into the details as needed to resolve operational and client‑specific issues.
Experience in interacting with external clients, as well as coordinating closely with professionals from other business areas.
Demonstrated ability to adapt to internal and external changes, including to changes in market conditions that demand immediate action.
Utilizing Excel macros and other functions, including VLOOKUP and VBA.
Salary Range
The expected base salary for this New York, New York, United States-based position is $80,000-$135,000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non‑temporary, full‑time and part‑time U.S. employees who work at least 20 hours per week, can be found here.
EEO Statement
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
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Associate, Collateral and Margin with Goldman Sachs & Co. LLC in New York, NY.
Partner with professionals from a wide range of areas, including Credit Risk Management, Legal and Compliance, Sales, Trading, Risk Management and other Operations Departments.
Demonstrate value to team and improve operations by spotting inefficiencies and proposing strategies for improvement.
Monitor client portfolios on a daily basis, issuing and receiving collateral calls to ensure the firm’s credit risk is mitigated.
Interact extensively with clients in order to resolve client disputes and queries, as well as to perform new client onboarding.
Liaise with internal groups (Credit, Sales, Trading, Middle office, Legal, Front Office, Settlements, and Corporate Treasury) to resolve collateral issues.
Reconcile portfolios and perform Collateral Optimization.
Perform monthly Interest and coupon settlement.
Perform a number of control functions, ensuring the integrity of our processes.
Perform Inter-Company Margining including NPV control validation, applying knowledge of associated and applicable regulations applicable to margining GSLEs across different jurisdictions.
Execute margin calculation, exception and collateral settlement approval processing, as well as SIMM Calculations.
Minimum Education Requirements / Degree and Field and Minimum Years of Experience Required
Bachelor’s degree (U.S. or foreign equivalent) in Financial Risk Management, Business Administration, Finance, Accounting, Engineering, or a related field and 3 to 5 years of experience in job offered or a related operational role within the finance industry.
Prior Experience Must Include 2-3 Years of Experience With
Ability to identify and propose solutions to problems and challenge processes, as well as experience in presenting proposed solutions to management.
Demonstrated willingness to dig into the details as needed to resolve operational and client‑specific issues.
Experience in interacting with external clients, as well as coordinating closely with professionals from other business areas.
Demonstrated ability to adapt to internal and external changes, including to changes in market conditions that demand immediate action.
Utilizing Excel macros and other functions, including VLOOKUP and VBA.
Salary Range
The expected base salary for this New York, New York, United States-based position is $80,000-$135,000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non‑temporary, full‑time and part‑time U.S. employees who work at least 20 hours per week, can be found here.
EEO Statement
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
#J-18808-Ljbffr