ASSET & WEALTH MANAGEMENT
A career with Goldman Sachs Asset & Wealth Management "AWM" is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world's leading asset managers with over $2 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions and building meaningful relationships with your clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset & Wealth Management provides clients around the world with a dedicated partnership and focus on long-term performance. As primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors, and individuals.
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OUR IMPACT
AWM Operations delivers asset management and wealth management capabilities to clients around the world. We are a multi-faceted group that partners with all areas of the AWM Division to support evolving markets and business requirements. Alongside that vital service delivery role, AWM Operations provides essential risk management and control. 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.
As a member of the Pre-Trade Management team, the team member will be primarily responsible for coordinating and managing the opening and maintenance of derivative trading lines and markets with brokers to support the launch and ongoing management of GSAM Funds and Separate Account Mandates.
The role involves building strong internal relationships with key contacts within the AWM business, compliance, legal and other operations teams; as well as the opportunity to work closely with our external dealers. The ability to manage multiple deliverables, prioritise, meet deadlines and communicate to all levels of the organisation is critical to this role. Ability to navigate legal documents as well as local regulatory requirements is key skills for this role.
HOW YOU WILL FULFILL YOUR POTENTIAL
- This is a highly interactive role and as such requires the capability to work effectively with a diverse range of professionals both internally and externally, covering a wide variety of products and functions.
- Work with external dealers to provide the necessary documentation and information to allow them to conduct credit review and open derivative trading lines
- Partner with trading desks to understand investment and trading strategies to be able to provide suitable trading line coverage
- Work closely with Legal, once they negotiate legal documents to support the operational set up of accounts with trading counterparties
- Build a comprehensive understanding of the GSAM legal documents and structure - e.g. IMAs, ISDAs, GMRAs, FCMs
- Identify potential risks in operational processes; develop and implement controls to mitigate risk
- Analyse, suggest and execute process improvements
- Coordinate controls and sign-offs both internally and externally
- Managing relationships with key trading counterparts including performance metrics and issue tracking
SKILLS & EXPERIENCE WE'RE LOOKING FOR
BASIC QUALIFICATIONS
- Bachelor's degree from a four-year college or university
- Minimum of 5 to 7 years of experience specifically within the asset management or financial services industry
- Proven analytical skills, problem solving ability, and a control mentality paired with meticulous attention to detail
- Excellent project management skills and ability to multi-task on competing priorities
- Ability to thrive in a fast-paced, collaborative environment
- Aptitude for building relationships and ability to communicate complex issues to a wide array of stakeholders with varying levels of product experience
- Self-motivated and proactive team player with a positive attitude, who takes ownership and accountability of projects, has strong organizational skills as well as the ability to effectively manage competing priorities.
PREFERRED QUALIFICATIONS
- Knowledge of derivatives products
- Experience with relationship management, across both Clients and Vendors
- Sound understanding of Risk - operational, reputational, client confidentiality
- Deep understanding of operations with appreciation for processes and controls
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.
We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
© The Goldman Sachs Group, Inc., 2021. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity
Salary Range
The expected base salary for this New York, New York, United States-based position is $100000-$235000. 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.