GSAM, European Shareholder Services, Transfer Agency Vendor Oversight – Senior Analyst recruitment

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 high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

European Shareholder Services (ESS) is part of the International Funds Group (IFG) which is at the heart of the Goldman Sachs Asset Management (GSAM) funds business. IFG covers a range of activities that allows team members to interact with a number of other internal teams as well as external clients, vendors, and industry experts. As such, this role will allow the candidate to gain broad exposure to the workings of the GSAM business, as well as detailed understanding of shareholder servicing processes.

ESS is responsible for servicing the sales teams and investors of the Luxembourg, Ireland and Cayman domiciled collective investment products for the GSAM and FICC divisions. The role entails working in the Transfer Agency Vendor Oversight (TAVO) area of the ESS team.

TAVO is focused on overseeing outsourced shareholder record keeping activities, performing high risk activities that cannot be adequately executed by vendors, promoting automation and process improvements, and the continued optimisation of vendor usage.

Responsibilities

•Oversight and supervision of investor trade and transfer requests, processed by the external TA vendor, to facilitate the resolution of unclear orders and issues
•Oversight and supervision of intraday investor cash/trade reconciliation and settlement, processed by the external TA vendor, to facilitate the resolution of unidentified items, reconciliation breaks, and late settlement
•Interactive investor flow notification with the liquidity funds’ portfolio management teams
•Co-ordination and execution of fund dividends and TA bank account related processes, such as bank charges, interest claims, commissions, tax payments and foreign exchanges
•Ongoing review and maintenance of internal policies and procedures with a view to increasing automation, scalability, and outsourcing of tasks to external vendors with appropriate controls
•Participate in ongoing TA vendor management program

The candidate will be required to cover both day to day and project related tasks relevant to the activities mentioned in the summary above.

Experience Required

•Bachelor’s degree with good academic record or equivalent gained through relevant work experience
•4+ years experience in the banking/asset management industry
•Knowledge of offshore mutual fund TA operations, processing, and compliance standards
•Knowledge of multi currency domestic/cross border payments and bank account reconciliations
•High level of accuracy and the ability to maintain this standard whilst under pressure from deadlines
•Excellent communication, organisation, and multi-tasking skills with ability to set own priorities
•Highly motivated and team focused but able to work independently to solve problems
•Exposure to project based work, especially delivering policy and process improvements

Goldman Sachs is an equal opportunities employer and is committed to the principle of diversity. Goldman Sachs conducts background checks on individuals offered employment with the firm and employment with Goldman Sachs is conditional upon individuals successfully completing those checks.  As part of the background check process, Goldman Sachs may need to obtain a record of disclosable criminal convictions from a government agency such as the Criminal Records Bureau. The firm has adopted policies on the recruitment of ex-offenders and on the retention, storage and disposal of criminal record information which are available on request.