Operations - IMD Operations - GSAM - Trade Management - Associate - Jersey City

MORE ABOUT THIS JOB

OUR IMPACT

Operations is a dynamic, multi-faceted division that partners with all parts of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. In addition, Operations provides essential risk management and control to preserve the firm's assets and its reputation. 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. Goldman Sachs Asset Management (GSAM) is the investment management arm of the firm. GSAM Operations provides service delivery and risk management in order to create a rigorous control environment for the investment management process. It consists of three broad functional areas, Trade Management, Portfolio Data & Control, and Client Management. The Trade Management team has primary responsibility of mitigating risk for all aspects of trade flow, settlement risk management, collateral management and counterparty liaison. The group has extensive interaction with the trading desks, technology, brokers and clients to ensure effective oversight for existing business and also to shape and implement solutions for new products, strategies and systems. HOW YOU WILL FULFILL YOUR POTENTIAL

  • Supporting traders and portfolio managers across various asset management businesses � Trade & payment confirmation instruction
  • Monitor daily reconciliations between various trading systems
  • Interface with the Trading and brokers to resolve day to day issues and ensure efficient settlement of trading activity
  • Problem solving capability for complex trade flow, accounting issues and trade discrepancies
  • Process analysis to improve control, scalability and efficiency
  • Manage collateral across various derivative instruments
  • Providing project management leadership and/or support for new and existing products, with an emphasis on co-operation with Information Technology for the development and enhancement of processes and systems
  • Building relationships with outside financial institutions (brokers, custodians, prime broker and fund administrator) to improve quality and productivity of work, integrating best practices as appropriate
  • Providing regular and ad hoc management information on STP rates, risks and volumes
  • Proactively identifying opportunities and enhancements to improve functions
  • Maintain team procedures and provide regular management reporting to senior Operations managers and the business

RESPONSIBILITIES AND QUALIFICATIONS

SKILLS AND EXPERIENCE WE'RE LOOKING FOR

  • Bachelor's degree
  • At least 2-4 years of professional experience with financial products
  • Preference of at least 2 year asset management or middle office experience (preferred experience or solid understanding of OTC derivatives/Mortgages/Mutual Funds/Private Investments/Bank Loan confirmations/settlements or related trade support functions preferred)
  • Understanding of industry agenda & platforms (e.g. DTC, ClearPar, SWIFT, FED, Oasys, MBSE, DTCC, Trade Warehouse, Swaps wire etc) is a plus
  • Fail trade/payment investigation experiences preferred
  • Experience in broker and/or client facing activities
  • Capability to prioritize and work under pressure in a fast-paced environment
  • Proactive, self motivated individual with high levels of ownership, and driven to achieve
  • Demonstrates ability to independently troubleshoot and resolve most common problems that arise
  • Demonstrates ability to apply re-engineering methodologies to processes and execute solutions
  • Demonstrate ability to identify inter-relationships and understand the broad impacts of work and projects across the organization

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., 2017. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.


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