WHO WE ARE
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centres around the world.
Founded in 1869, Goldman Sachs has long sustained a commitment to hiring and training outstanding leaders. Our business principles are rooted in integrity, a commitment to excellence, innovation and teamwork. These values enable us to execute successfully a business strategy that is focused on extraordinary client service and superior long‑term financial performance for our shareholders.
We conduct our business in increasingly complex markets. Our people must continually find new ways to provide access to capital, manage risk and provide investment opportunities for our clients to enable them to realise their goals. We judge ourselves on our ability to help clients anticipate and respond to changing market conditions and to create opportunities that merit the trust they place in us.
BUSINESS UNIT OVERVIEW
Investment Banking Operations supports the Bank Loans, Fixed Income and Equity Trading Desks. More specifically, the Group supports the Cash Equity / Fixed Income, Bank Loans Syndicate Execution Desk by performing middle office functions.
The role of a Syndicate Associate is to help structure and execute IB transactions as well as support the Syndicate Execution Desks and encompasses the following responsibilities:
RESPONSIBILITIES
- Provide operational support to the EMEA Syndicate desk to help structure bank loans/equity/debt new issuance and ensure accurate deal set‑up, trade bookings and flows.
- Involve extensive close contact with IB, ECM, DCM, Trading, Sales, Operations groups, Legal, Compliance, Financial Controllers and external brokers/counterparties and clearing systems.
- Review executed commitments and legal documentation to ensure key attributes are captured correctly in internal systems.
- Perform key control and risk‑management functions for Corporate Bank loans from booking, closing and deal funding.
- Liaise with Common Depositaries, Clearing Houses, GS Legal to ensure transactions close successfully.
- Perform trade corrections in a timely and efficient manner, inform traders of any potential issues, and liaise with Agent Banks to minimize P&L, reputational and settlement risk.
- Provide weekly risk reporting and continuous involvement in initiatives to improve STP metrics and system developments.
- Provide updates to Senior Management on a weekly and ad‑hoc basis on current market conditions and deal pipeline.
DEVELOPMENT PROSPECTS
Supporting a busy desk as well as ECM, DCM, Bank Loan and IBD teams, the candidate will acquire extensive interaction across a number of departments within Goldman Sachs, providing excellent scope to build key relationships with the business areas and across federation teams.
In addition to being provided with full training to perform their daily tasks, the candidate will also receive training on a number of internal systems used in both front and middle office and, as a result, will play an integral part in working with IT/Project groups in developing an optimal flow for all trade bookings and eliminating any manual processes.
SKILL / EXPERIENCE
- Excellent communication and interpersonal skills as they will often be required to host conference calls or meetings and help structure transactions with banking colleagues, external lawyers and other third parties.
- The successful candidate will often be responsible for structuring high‑profile transactions for the firm and therefore needs the ability to work under pressure and in a fast‑paced environment.
- Experience in a Bank Loans or Middle Office function would be helpful but is not essential.
QUALIFICATIONS
Educated to degree level preferred.
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.
Goldman Sachs is an equal‑opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veteran status, disability or any other characteristic protected by applicable law.
EMPLOYEE BENEFITS
Healthcare & Medical Insurance
We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short‑term disability, long‑term disability, life, accidental death, labor accident and business travel accident insurance.
Vacation
We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.
Financial Wellness & Retirement
We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.
Health Services
We offer a medical advocacy service for employees and family members facing critical health situations, and counselling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state‑of‑the‑art on‑site health centers in certain offices.
Fitness
To encourage employees to live a healthy and active lifestyle, some of our offices feature on‑site fitness centers. For eligible employees, we typically reimburse fees paid for a fitness club membership or activity (up to a pre‑approved amount).
Child Care & Family Care
We offer on‑site child care centres that provide full‑time and emergency back‑up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counselling services, expectant parent resources and transitional programmes for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.
Benefits at Goldman Sachs
Read more about the full suite of class‑leading benefits our firm has to offer.
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