Corporate Treasury, Treasury, Deposits Coverage and Strategy, Vice President, New York
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About the Role Within Corporate Treasury, Deposits Coverage & Strategy (“DCS”) is a unique opportunity for individuals at all levels to oversee the firm’s deposit portfolio and directly contribute to executing the firm’s…
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Full-time
Posted 15d ago
~40 hrs/week
Responsibilities
Manage the firm's balance sheet and execute funding strategies to optimize the funding mix and minimize costs. Serve as the primary Treasury contact for business lines to deploy resources and manage deposit portfolios.
Requirements
Requires 6-10 years of relevant experience with strong analytical skills and a risk management mindset. Proficiency in data tools like Tableau and a functional understanding of bank balance sheets and liquidity metrics are essential.
Full job description
About the Role
Within Corporate Treasury, Deposits Coverage & Strategy (“DCS”) is a unique opportunity for individuals at all levels to oversee the firm’s deposit portfolio and directly contribute to executing the firm’s funding strategy. Working closely with the Global Treasurer and other members of senior management, DCS is responsible for the design and execution of the firm’s deposit strategy as well as the primary point of contact for all deposit business lines through Treasury’s global “business coverage” model. The team is also responsible for managing the firm’s deposit sweep portfolio, and partnering with senior divisional resource managers to raise deposits aligned with the firm’s strategic objectives. The team seeks to optimize the firm’s funding mix to minimize cost in a risk-conscious manner and is a key participant in decision making regarding the allocation of firm liquidity.
DCS ‘ approach to asset-liability management is both holistic and practical; individuals who excel in this role are equally adept at detailed trade-level recommendations and strategic thinking and are expected to develop deep knowledge of the funding products raised within Treasury, as well as the underlying business and client activity supported by that funding.
RESPONSIBILITIES AND QUALIFICATIONS
Individuals are expected to contribute to decisions regarding liability management as well as serve as Treasury’s main point of contact with businesses which generate funding
Support execution of the firm’s global deposit raising strategy, considering economic cost, channel diversification, funding capacity, and impact to key liquidity and capital metrics
Assist in end-to-end management and growth in deposit sweep portfolio by contributing to marginal trade evaluation, transaction structuring, client/contract reviews, and deal-day coordination
Establish and maintain relationships with the firm’s deposit raising businesses including Marcus, Private Bank, and Transaction Banking, review pricing and acquisition strategies, and help to facilitate new product launches
Conduct research and develop presentations on deposit industry and global interest rate markets, competitor/peer environment, and regulatory landscape impacting funding and deposit raising
Develop frameworks and conduct scenario analysis to help inform liability risk management focus areas including maturity concentration and macro/market sensitivity
Identify, analyze, and effectively communicate key deposit risks and trends to internal and external stakeholders including firmwide leadership, committees/boards, and regulators
Engage with external stakeholders including regulatory agencies, ratings agencies, and funding counterparties
Basic qualifications:
6-10 years of relevant experience
Experience overseeing and developing a high-performing junior team
Excellent risk management mindset, with the ability to identify risks, design mitigating controls, and exercise sound judgment in dynamic conditions
Highly motivated, detail-oriented self-starter who is comfortable operating in a fast-paced environment and balancing multiple priorities
Functional understanding of financial institution liquidity metrics, Bank balance sheet
Knowledge of deposits, interest rate, fixed income, repo, and/or Equities markets a plus
Strong written and oral communication skills with ability to produce polished presentation materials for senior executives. Experience managing client or external relationships a plus
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
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