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.
YOUR IMPACT Are you looking to apply your client service and analytical skills while deepening your understanding of asset management? Our Fund Oversight team is seeking a professional who is looking to partner with our diversified client base and global business counterparts to provide best in-class client experience to define solutions and lead change across the operational infrastructure.
OUR IMPACT Operations is a dynamic, multi-faceted division that partners with all parts of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. In addition, Operations provides essential risk management and control to preserve and enhance the firm's assets and its reputation. For every trade agreed, every new product launched or market entered, every transaction completed, it is Operations that develops the processes and controls that makes business flow.
Funds Oversight team sits within Client Management and has primary responsibility for all aspects of event management, portfolio accounting, regulatory monitoring and reporting, service provider oversight and serves as the single point of contact for all operations related funds inquiries. These functions cover a wide range of funds structures including mutual funds and hedge funds in various jurisdictions like US registered 40 act funds/ Luxemburg/ Offshore funds and a complex product range, which include equities, fixed income, currency and derivatives, money markets, ETFs. The group supports portfolio managers, Fund Boards, and Controllers by providing accurate and timely fund account information and overseeing all aspects of operational risk across portfolios. This involves extensive interaction with internal and external parties to ensure effective oversight for existing business and also to shape and implement solutions for new funds, products, strategies, and system architecture. The group continues to focus on best in-class client experience and working closely with the business to maintain and enhance client relationships.
RESPONSIBILITIES AND QUALIFICATIONS HOW YOU WILL FULFILL YOUR POTENTIAL
Holistic ownership and understanding of funds from a GSAM Operations perspective by understanding various fund structures, coordinating client issues across all operations teams and business partners, and act as a single point of contact for GSAM Operations
Providing effective thought leadership by understanding the fund structures, key regulations and assessing the operational framework to ensure compliance of various unique fund and regulatory requirements
Ensure accounting data accuracy and provide accounting policy oversight in order to create controlled environment for investment management process
Trading desk support to include ad-hoc queries as well as ongoing business initiatives
Partner and liaise with internal business partners and client implementation team to qualify new business, implement account events, and ensure the adequacy of account structures and surveillance
Proactively review indicators of operational issues/concerns with the goal of resolving such issues before client impact
Review account level metrics (i.e. reconciling items on cash/position reconciliations, daily corporate actions, NAV Reconciliations, failing trades, standard/non-standard reporting deliverables), guidelines and regulatory breaches as defined by operating standards and research, escalate, remediate exceptions as appropriate
Providing effective thought leadership in navigating evolving financial regulatory landscape and helping to develop technological solutions to build appropriate architecture
Scalability analysis of workflow cost drivers and trends to help drive process improvements and efficiency, budgeting and cost allocation to various revenue producing desks
SKILLS & EXPERIENCE WE'RE LOOKING FOR BASIC QUALIFICATIONS
Minimum of 2 years of professional experience
Proficient in Microsoft Office, specifically Word, Excel, and PowerPoint
Bachelor's degree required
Be highly collaborative, team-oriented and strong consensus builder
Demonstrate strong communication and interpersonal skills both written and oral
Previous experience in Operations, Accounting and/or Financial Services industry
Demonstrate ability to partner across product groups, regions and functional responsibilities
Be a strategic thinker, possesses strong facilitation and data gathering skills
Attention to detail and ability to work to tight deadlines under pressure and to provide practical solutions
Risk management focus
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.