Goldman Sachs & Co. Collateral Management Ops Associate - London in London, United Kingdom

MORE ABOUT THIS JOB

OPERATIONS

Operations is a dynamic, multi-faceted division that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.

RESPONSIBILITIES AND QUALIFICATIONS

YOUR IMPACT

Are you looking to apply your technical, organization and client focused mindset in a fast paced cross product area? Our Collateral Management team is seeking a professional who can collaborate across Operations, wider Federation and Sales, Trading to minimise the impact of credit risk on derivative transactions.

OUR IMPACT

Collateral Management, part of Margin, Valuations & Collateral Operations sits within the Goldman Sachs Liquidity Collateral & Operations 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.

HOW YOU WILL FULFILL YOUR POTENTIAL

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. An 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 and Compliance, Sales, Trading, Risk Management and other Operations Departments. As a result the successful candidate will be required to possess strong communication skills. The team have a rare opportunity to support products and business ranging from foreign exchange, commodities, credit, Equity, Interest Rates, Repo, Insurance/Pensions and bespoke structured derivatives and arrangements. The team manages a wide range of complex processes, with members developing skills and competencies around derivative & security products and their respective business areas, legal agreements, technology flows and regulations.

  • Providing oversight across the team on the status of Issuance, Bookings & Controls.

  • Providing Training an Coaching to the team to continue upskilling the Analysts

  • Becoming 1st point of escalation to Clients

  • Resolution and escalation of all client disputes and regulatory queries.

  • New client on-boarding.

  • Liaison with internal groups (Credit, Sales, Trading, Middle office, Legal, Front Office, Settlements, and Corporate Treasury) to resolve collateral issues.

  • Reconciliation of portfolios.

  • Collateral Optimization

  • Monthly Interest and coupon settlement.

  • Performing a number of control functions, ensuring the integrity of our processes.

SKILLS & EXPERIENCE WE ARE LOOKING FOR

BASIC QUALIFICATIONS

  • Ability to generate creative solutions to problems and challenge processes; be willing to dig into the detail to resolve issues.

  • Some experience of portfolio reconciliations and processing of margin calls would be desirable.

  • Confidence to interact with external clients

  • Strong organizational skills and the ability to cope with rapidly changing priorities throughout the day are essential

  • Familiarity with/ability to learn Excel macros and other functions

PREFERRED QUALIFICATIONS

  • Functional Expertise - Keeps up-to-date with emerging business, economic, andmarket trends

  • 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

  • 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

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., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.

Job ID2018-46637

Schedule TypeFull Time

LevelAssociate

Function(s)Operations

RegionEMEA

DivisionOperations

Business UnitCollateral Management Ops

Employment TypeEmployee