Goldman Sachs & Co. Securities Division Operations - Margin, Collateral & Valuation Ops - Portfolio Reconciliation & Valuations - Associate - Salt Lake City in Salt Lake City, Utah
MORE ABOUT THIS JOB
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.
Are you looking to apply your quantitative skills while deepening your understanding of derivative products while working in a fast paced and collaborative atmosphere? Our Portfolio Reconciliation and Valuations team is seeking a professional who is looking to collaborate with traders, Sales, Controllers, Credit and other Operations teams to mitigate risks associated with collateral disputes and reporting of trade differences across OTC derivative transactions.
Portfolio Reconciliation within the broader Margin, Collateral, and Valuations team is a fast-paced and dynamic team which supports all areas of the firm dealing with funding, cash movement, collateral and margin management and pricing. The team also interacts with all areas of Operations giving members a unique perspective into the various business lines of the firm while impacting all business streams.
Portfolio Reconciliation & Valuations are responsible for ensuring the reconciliation of positions is accurate and any discrepancy resolved in a timely manner. In addition, the team provides critical Valuation reporting to select clients for the positions they hold with Goldman Sachs across multiple products. The team manages a variety of products (OTC derivatives) and is responsible for ensuring clients and 3rd party reconciliation tools receive their reports on a timely fashion according to their requirements. This is a function in line with Dodd- Frank requirements and is heavily related to the margin rules program since Sept. 2016.
RESPONSIBILITIES AND QUALIFICATIONS
HOW YOU WILL FULFILL YOUR POTENTIAL
Liaise with clients in order to track and resolve position discrepancies
Consolidate requests in order to communicate pricing and position issues with Controllers, Credit and Middle Office teams
Deliver position reports to clients and 3rd party vendors on a timely fashion
Constantly recommend and develop more efficient methods of price consolidation and delivery
Participate in development and implementation of Portfolio Reconciliation mandate
Plan and execute projects under Manager's direction
Review and resolve collateral disputes using various firm tools while liaising with clients, trading, Controllers, Credit, etc
Leverage your analytical skills to identify complex dispute drivers across all OTC derivative products and liaise with trading desks and Controllers to resolve
Use your inquisitive mindset to identify control weaknesses with respect to process flow methodology as well as develop an understanding of how cash flows and trades are valued and discounted in-line with LIBOR and CSA specific methodologies
Grow with the team; develop a deeper understanding of complex derivative transactions and work with our business partners to progress to progress collateral dispute investigation and resolution
SKILLS & EXPERIENCE WE’RE LOOKING FOR
Bachelor’s degree with a minimum of three years of experience in financial services
Proven analytical skills, problem solving ability, and a control mentality paired with meticulous attention to detail
Aptitude for building relationships and ability to communicate complex issues to a wide array of internal clients with differing levels of product experience
Self-motivated and proactive team player who takes ownership and accountability of projects, has strong organizational skills as well as the ability to effectively manage competing priorities
Flexible and able to work well under pressure in a team environment
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., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.
Schedule TypeFull Time
Business UnitPort Rec & Valuations Ops