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.
WHO WE ARE Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net-worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Bangalore, Frankfurt, Tokyo, Hong Kong and other major financial centres around the world. We are committed to growing our distinctive Culture and upholding our core values which always place our client's interests first. These values are reflected in our Business Principles, which emphasise integrity, commitment to excellence, innovation and teamwork.
OUR IMPACT Collateral Management, part of Margin, Collateral and Valuations Operations (MCVO) sits within the Goldman Sachs Liquidity and 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 a global team with regions in Salt Lake City, New York, London, Bangalore and Singapore working closely together.
The team has a rare opportunity to support products and business ranging from Derivatives and Futures Margining, Exchange Margining and Collateral Optimization. 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 Cleared Collateral Management will primarily be focused on the mitigation of counterparty credit risk and managing exchange relationships. Through the performance and reengineering of a number of operational processes, a successful candidate will be exposed to opportunities to support initial and variation margin calculation, computation of interest and coupon on pledged securities and overall client cash collateral management. 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 & technical skills, ability to think quick and work under pressure as well as excellent client service. We promote cross training and ensure our Analysts 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 Daily tasks include, but are not limited to:
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
Problem and break resolution
Performing a number of control functions, ensuring the integrity of our processes
HOW YOU WILL FULFILL YOUR POTENTIAL Collateral Management and MCVO provide analysts with the unique opportunity to interact with a wide range of internal stake-holders, developing extensive networks and as a result, a generally broader understanding of the range of products traded and structured by the firm. This is primarily due to the cross product nature of the department and varied functions and processes from derivative valuations, futures valuations, system flows and interfaces, legal and regulatory requirements, through to custody, exchange margining processes as well as settlement and risk management. Also the daily interaction with clients will enable the Analyst to further develop their client service skills.
SKILLs & EXPERIENCE WE'RE LOOKING FOR
Strong motivation to succeed, both as an individual and as a team
Strong analytical and interpersonal skills
Strong people management skills
Ability to work under pressure, prioritize and meet deadlines
Effective team player
Problem solving and attention to detail
Excellent communication and interpersonal skills with a strong appreciation of client service
Ability to deal with multiple complex issues at the same time while meeting client deadlines
Proficiency using the Microsoft Office Suite in particular Excel, PowerPoint and Microsoft Word
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.