Global Banking & Markets- OTC and Repo Collateral Management, Associate- London location_on London, Greater London, England, United Kingdom
Business Unit Overview
We have Collateral Management (Cleared and non-cleared), Portfolio Reconciliation , Margin Lending and Ready to Margin which are part of Margin, Collateral Valuations Operations (MCVO) sitting within the Goldman Sachs Operations org. 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, prime brokerage, GS execution & clearing, derivatives clearing and securities financing portfolios.
Products supported include foreign exchange, commodities, credit, equity, interest rate, repo and bespoke structured derivatives. 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.
Role Specifics
- Partner with professionals from a wide range of areas, including Credit Risk Management, Legal and Compliance, Sales, Trading, Risk Management and other Operations Departments.
- Demonstrate value to team and improve operations by spotting inefficiencies and proposing strategies for improvement.
- Monitor client portfolios on a daily basis, issuing and receiving collateral calls to ensure the firm’s credit risk is mitigated.
- Interact extensively with clients in order to resolve client disputes and queries, as well as to perform new client on-boarding.
- Liaise with internal groups (Credit, Sales, Trading, Middle office, Legal, Front Office, Settlements, and Corporate Treasury) to resolve collateral issues.
- Reconcile portfolios and perform Collateral Optimization.
- Perform monthly Interest and coupon settlement.
- Perform a number of control functions, ensuring the integrity of our processes.
- Perform Inter-Company Margining including NPV control validation, applying knowledge of associated and applicable regulations applicable to margining GSLEs across different jurisdictions.
- Execute margin calculation, exception and collateral settlement approval processing, as well as SIMM Calculations.
Prior experience must include 2-3 years of experience with
- Ability to identify and propose solutions to problems and challenge processes, as well as experience in presenting proposed solutions to management.
- Demonstrated willingness to dig into the details as needed to resolve operational and client-specific issues.
- Experience in interacting with external clients, as well as coordinating closely with professionals from other business areas.
- Demonstrated ability to adapt to internal and external changes, including to changes in market conditions that demand immediate action.
- Utilizing Excel macros and other functions, including vlookup and VBA.
Competencies
Functional & Technical Excellence
- Stay ahead of the curve— keep pace with evolving business, economic, and market trends that shape our industry.
- Bringstrong technical and analytical skills, an eye for detail, and the initiative to continuously deepen your expertise.
Drive & Ownership
- Juggle multiple priorities with energy and focus.
- Set ambitious goals, push through obstacles, and take ownership of your own growth and performance.
Client & Business Focus
- Buildtrusted, long-term relationshipswith internal and external clients.
- Navigatedifficult requestswith poise, help clients articulate their needs, and set clear expectations.
- Be the kind of teammate others want to work with — collaborative across teams, inclusive of diverse voices, and quick to recognize others’ contributions.
- Cut through complexity and communicate what matters — clearly, concisely, and with purpose.
- Share knowledge and ideas generously across the organization.
Judgment & Problem Solving
- Think ahead— anticipate questions, plan for contingencies, and identify alternative solutions.
- See thebig picture while dissecting complex issues with rigor.
Creativity & Innovation
- Challenge the status quo. Look for smarter ways to work and design creative, practical solutions that deliver real value.
- Buildpersuasive, well-reasoned casesfor your ideas.
- Take a stand on the issues that matter and influence outcomes through sound rationale and credible recommendations.”
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
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
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.
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 counseling 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 centers 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 counseling services, expectant parent resources and transitional programs 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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