Margin, Valuations & Pricing Operations – Collateral Management, Analyst recruitment

Operations is a dynamic, multi-faceted division that partners with all areas of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. Alongside this vital service delivery role, Operations provides essential risk management and control, preserving and enhancing the firm’s assets and its reputation.  

Operations span all product lines and markets, serving as internal business partners who develop the processes and controls, and help to specify the systems that deliver accuracy, timeliness and integrity to our business.  

BUSINESS UNIT OVERVIEW

Collateral Management, part of Margin, Valuations Pricing Operations sits within the Goldman Sachs Liquidity and Collateral 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 and securities financing portfolios.  Collateral Management has offices in Salt Lake City, New York, London, Bangalore and Singapore working closely together on a daily basis

RESPONSIBILIITES

The team has a rare opportunity to support products and business ranging from foreign exchange, commodities, credit, Equity, Interest Rates, Repo, Insurance/Pensions and bespoke structured derivatives and arrangements. 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.

The role is primarily responsible for the following:
• The calculation, issuance, agreement and settlement of margin calls relating to OTC and Repo Portfolios.
• Continued life-cycle management of collateral holdings, including interest accruals and settlements, in addition to coupons and corporate actions.
• Management and monitoring of exceptions to ensure complete integrity of the full collateral management process.
• The performance of portfolio reconciliations in the event of disputes, subsequently the cross organisational coordination to ensure resolution.
• Prompt and clear escalation, transparency of both issues and current status of the collateral process.
• Participate and lead both firmwide and industry driven initiatives
• Involvement in new business analysis and preparation
• Consistently strive to further develop the department’s control framework and risk management practices and technology.
• Engage with clients to both improve service and ensure clear and prompt issue and query resolution.

SKILLS / EXPERIENCE

MANDATORY SKILLS
• Demonstrates ability to independently troubleshoot and resolve most common problems that arise
• Possesses excellent communication skills

PREFERRED SKILLS
• Possesses a good understanding of client types, relevant markets, products, processes, regulations and systems required to achieve business objectives
• Demonstrates an understanding of the processes being performed
• Proactively seeks and undertakes appropriate training to further enhance client / market / industry knowledge

INTERPERSONAL TRAITS
• Capability to prioritize and make decision in a fast-paced environment.
• Ability to multi task and handle large volumes of work
• Works well under pressure to meet deadlines.
• Strong problem solving skills/Ability to dissect a problem and provide clear and concise explanations to clients and colleagues
• Strong team player, able to work well inside a group
• Flexible individual, able to be learn quickly

EXPERIENCE
• Minimum of 1-3 years operations experience or similar

QUALIFICATIONS
• Minimum Undergraduate degree

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