MORE ABOUT THIS JOB OPERATIONS Operations is a dynamic, 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.
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.
OUR IMPACT 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, 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.
YOUR IMPACT An Analyst within Collateral Management will primarily be focused on the mitigation of counterparty credit risk through the performance of a number of operational processes. Analyst 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 analyst 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.
We promote cross training and ensure our Analyst develop a broad level of understanding across the varied departmental functions carried out. You can expect to be given early responsibilities and in return you will be expected to contribute your own ideas to make a difference and add value to the group.
RESPONSIBILITIES AND QUALIFICATIONS HOW YOU WILL FULFILL YOUR POTENTIAL
Daily monitoring of client portfolios, issuing & receiving collateral calls to ensure the firm's credit risk is mitigated
Extensive interaction with Clients
Resolution and escalation of all client disputes and 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
Monthly Interest and coupon settlement
Problem and break resolution
Performing a number of control functions, ensuring the integrity of our processes In a addition to their core responsibilities, Analyst are also expected and encouraged to be involved with a number of projects.
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.
Flexible to manage differing challenges and ever-increasing complex nature of transactions
Confidence to interact with external clients
Ability to learn quickly in a fast moving environment. Team oriented approach to sharing workload and leverage skill sets
Strong organizational skills and the ability to cope with rapidly changing priorities throughout the day are essential
Strong attention to detail and the ability to keep track of a large and varied workload
Familiarity with/ability to learn Excel macros and other functions
Functional Expertise - Keeps up-to-date with emerging business, economic, and market 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
Drive and Motivation - Successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
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
Teamwork - Gives evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions
Communication Skills - Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with others
Judgement and Problem solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyses complex issues
Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value
Influencing Outcomes - Presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences others' opinions and presents persuasive recommendations
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.