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$80k–$135k/yr
Full-time
Wellness Offerings, Personal Finance Offerings, Mindfulness Programs, Training And Development Opportunities, Firmwide Networks
Posted 51d ago
~40 hrs/week
Responsibilities
The role focuses on mitigating counterparty credit risk by monitoring client exposure limits and ensuring timely issuance of margin calls. It involves collaborating with various internal business partners and managing regulatory reporting obligations across multiple financial products.
Requirements
Candidates need over 4 years of experience with strong numerical and analytical skills, preferably within financial services and OTC derivatives. Strong communication skills and the ability to manage complex transactions in a fast-paced environment are essential.
Full job description
BUSINESS UNIT OVERVIEW
The Prime Margin Lending team sits within the Margin, Collateral Valuations Operations (MCVO) group and supports a broad array of businesses across Goldman Sachs including Prime Brokerage (PB), and Goldman Sachs Execution and Clearing (GSEC). The teams are responsible for monitoring to ensure that clients remain within exposure limits and ensuring that actions are taken to bring the client’s account back within their limit. The primary job responsibility is validating and ensuring all margin calls are issued on a timely basis, working closely with Business Partners to ensure all calls are met in a timely manner. There are also regulatory reporting obligations that are performed by the team daily, across businesses.
We have Collateral Management (Cleared and non-cleared), Portfolio Reconciliation and Margin Lending which are part of MCVO sits within the Goldman Sachs 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, prime brokerage, GS execution & clearing, derivatives clearing and securities financing portfolios. The NY MCVO team works in close partnership with teams in New York, London, Warsaw, Singapore, Hyderabad & Bengaluru.
Products supported include foreign exchange, commodities, credit, equity, interest rate and bespoke structured derivatives. 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.
HOW YOU WILL FULFILL YOUR POTENTIAL
An employee within MCVO will primarily be focused on the mitigation of counterparty credit risk through the performance of a number of operational processes. They will be expected to perform these functions as well as demonstrating innovation and a proactive approach, highlighting inefficiencies, risks and implementing improvements.
In addition, they will also be expected to provide a high level of service to their clients. The role will involve close interaction with a wide range of areas of the bank including Credit Risk Management, Legal and Compliance, Sales, Trading, Controllers, Middle Office, Client Representatives, Central Clearing Services and other Operations Departments.
As a result, the successful candidate will be required to possess strong communication skills.
SKILLS & EXPERIENCE WE’RE LOOKING FOR
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
Judgment 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
BASIC QUALIFICATIONS
4+ years of experience
Strong numerical, analytical, and problem-solving skills
The role is client facing so the employee will require strong communication skill and should be highly articulate with a strong appreciation of client service
Flexible to manage differing challenges and ever-increasing complex nature of transactions
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 multi-tasking skills to balance competing priorities and meet deadlines
Ability to generate creative solutions to problems and challenge processes, be willing to dig into the detail to resolve issues
PREFFERED QUALIFICATIONS
Familiarity with Excel
Evidence of experience working within Financial Services with exposure to Over-the-Counter Derivatives.
ABOUT GOLDMAN SACHS
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.
We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
Salary Range The expected base salary for this New York, NY, United States-based position is $80000-$135000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
Benefits Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available
to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.
We aspire to be the world’s most exceptional financial institution, united by our shared values of partnership, client service, integrity, and excellence.
Operating at the center of capital markets, we act as one firm, mobilizing our people, capital, and ideas to deliver superior results across our clients’ most complex challenges.
For 157 years, Goldman Sachs has delivered world-class execution on a global scale across our leading Global Banking & Markets and Asset & Wealth Management businesses.
Apprenticeship is central to our culture, with hands-on coaching and access to leaders who bring decades of experience and expertise. With office locations around the world, we offer a broad range of career opportunities to those who insist on excellence and thrive on performance.
Find our Social Media Disclosures here: gs.com/social-media-disclosures
Offices: 200 West Street, New York, New York 10282, US
Real Estate InvestmentFinanceAngel InvestmentImpact InvestingBankingConsultingAsset ManagementFinTechReal EstateFinancial Services
We aspire to be the world’s most exceptional financial institution, united by our shared values of partnership, client service, integrity, and excellence.
Operating at the center of capital markets, we act as one firm, mobilizing our people, capital, and ideas to deliver superior results across our clients’ most complex challenges.
For 157 years, Goldman Sachs has delivered world-class execution on a global scale across our leading Global Banking & Markets and Asset & Wealth Management businesses.
Apprenticeship is central to our culture, with hands-on coaching and access to leaders who bring decades of experience and expertise. With office locations around the world, we offer a broad range of career opportunities to those who insist on excellence and thrive on performance.
Find our Social Media Disclosures here: gs.com/social-media-disclosures
Offices: 200 West Street, New York, New York 10282, US
Real Estate InvestmentFinanceAngel InvestmentImpact InvestingBankingConsultingAsset ManagementFinTechReal EstateFinancial Services
