Goldman Sachs & Co. Liquidity Management Associate - London in London, United Kingdom
MORE ABOUT THIS JOB
Operations is a multi-faceted division that partners with all areas of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. Alongside this vital service delivery role, Operations provides essential risk management and control, preserving and enhancing the firm’s assets and its reputation.
RESPONSIBILITIES AND QUALIFICATIONS
Operations span all product lines and markets, serving as internal business partners who develop the processes and controls, and help to specify the systems that deliver accuracy, timeliness and integrity to our business.
Liquidity & Collateral Operations (LCO) manages the operational elements for daily funding and liquidity of the firm, oversees the firm's payment strategy and overall cash flows and positions, and also performs key functions related to counterparty risk management, client transparency, and product and pricing reference data. LCO comprises of two departments: Liquidity Operations and Margin, Collateral and Valuations Operations (MCVO).
The role of Liquidity Operations is to partner with Corporate Treasury and the Firm’s Funding Desks to maintain the daily funding and liquidity of the firm. The department is globally functionally aligned into Liquidity Management, Bank Relations, Payments Account Management, and Liquidity Business Analytics. The Liquidity Management team interacts closely with Corporate Treasury, Short Term Interest Rates (STIR) trading and Global Liquidity Products (GLP) trading. Functions include projection and distribution of cash and securities inventory for Firm funding, collateral management, support of secured funding via triparty, and support of unsecured deposits. The Bank Relations team I responsible for the procurement, negotiation and ongoing management of post trade agent bank services. The Payment Account Management team is responsible for the opening and ongoing maintenance of the Firm’s operating cash accounts at the agent banks. The Liquidity Business Analytics team, in partnership with the other Liquidity Management teams, is responsible for design, implementation and ongoing assessment of new business and funding flows. Liquidity Operations is also running a multi-year program to implement strategic architecture and continued improvements to deliver control, operational efficiency and commercial benefits. Liquidity Operations works closely with all divisions; most specifically with Finance, Technology and other areas of Operations.
The opportunity is for an Associate to join the Liquidity Management team and contribute to the Firm’s management of its daily funding requirements in the core functions as outlined below.
Securities Funding: Optimising use of firm inventory for Fixed Income & Equity collateral and funding for firm short cover purposes, including intercompany funding, margin collateral and interdepository realignments. Performing ledger integrity and exception management functions, including oversight of the Firm’s security allocations on triparty secured funding trades. Providing support for repo and stock loan products traded by Short Term Interest Rate (STIR), Global Liquidity Products (GLP) and Global Securities Services (GSS) desks.
Funding Projections: Partnering with Corporate Treasury, STIR, GLP and FX trading desks, and other Operations teams to provide real-time and next-day currency and securities inventory projections. Compiling, reporting, exception management and swing analysis for the Global Core Liquid Assets (GCLA), a real time projection of the Firm’s liquidity buffer.
An Associate may be asked to take on limited supervisory functions, inclusive of secondary approvals of payments, journals and projections, review of checklists, organization of training plans and team coverage.
The successful candidate will be expected to proactively contribute towards strategic projects, commercial initiatives, and process improvements to enhance controls and deliver operational efficiency.
Graduate or of graduate calibre
Minimum 3 years experience in an Operations role within a Bank
Demonstration of strong risk management practices
Ability to analyse, evaluate and form independent judgments
Strong team player, ability to build relationships across teams and levels of seniority
Self starter with good commercial perspective
Strong analytical, organizational and interpersonal skills
Proven track record of process change management
Ability to work on multiple tasks and adhere to fast paced, intraday deadlines
Strong verbal and written communication skills
- Experience within Liquidity, Cash Management, Collateral, Derivatives Settlements or Securities Settlements Operations
ABOUT GOLDMAN SACHS
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
© The Goldman Sachs Group, Inc., 2017. All rights reservedGoldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.
Job ID 2017-39104
Schedule Type Full Time
Business Unit Liquidity Ops
Employment Type Employee