The Goldman Sachs Group, Inc

Asset & Wealth Management Operations - Goldman Sachs Asset Management Operations - Portfolio Control - Accounting Reconciliation - Dallas - Vice President

The Goldman Sachs Group, Inc • $130K — $180K *
Dallas, TX 75217In-Person
Finance & Insurance
8 - 10 years of experience
Reposted Today
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Job Overview by Ladders

Qualifications

  • 8-10 years of experience in Operations or Financial Services, ideally in Asset Management.
  • Relevant bachelor's degree; MBA is a plus.
  • Proven ability to lead teams and see assignments through to completion.
  • Strong verbal and written communication skills, capable of influencing stakeholders.
  • Experience with Private Credit and Alternatives, particularly bank loan products.
  • Familiarity with portfolio accounting systems, like FIS Investment Accounting Manager.
  • Strong analytical and critical thinking skills with a knack for problem solving.

Responsibilities

  • Manage daily processes and activities ensuring operational efficiency.
  • Collaborate with portfolio managers and Operations teams to ensure accurate accounting.
  • Reconcile position discrepancies between GSAM and fund administrators.
  • Oversee team performance and ensure timely responses to queries based on SLA.
  • Resolve issues impacting cash, realized Gain-Loss, and portfolio performance.
  • Evaluate new accounting solutions for data integrity and system functionality.
  • Identify operational efficiencies to mitigate risk and improve processes.

Benefits

  • Comprehensive knowledge development of products and markets.
  • Opportunities for driving client experience improvements.
  • Exposure to the latest industry trends and operational best practices.
  • Collaborative environment working with diverse teams and clients.
  • Potential for career advancement within GSAM and broader financial services.
Full Job Description
Job Description

Your Impact

The Asset Management Division is made up of Goldman Sachs Asset Management (GSAM) and Goldman Sachs' Merchant Bank which brings together Goldman Sachs' primary long term principal investing capabilities with the traditional money managing arm of the firm to offer a full suite of world-class investment solutions to the firm's clients. A career with Goldman Sachs Asset Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world's leading asset managers with over $2 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions and building meaningful relationships with your clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors, and individuals.

Job Summary & Responsibilities

Portfolio Control Reconciliations sits within Investing Operations and has primary responsibility of ensuring accuracy of GSAM's and Risk counterpart's books of accounting. By ensuring accuracy and timeliness of data, we facilitate the business in achieving desired objectives for all aspects of account onboarding, portfolio accounting, cash management, client reporting. These functions cover a wide range of clients and a complex product range, which include equities, fixed income, currency, and derivatives. The group supports portfolio managers, sales, and client relationship professionals by providing accurate/timely position , cash balance reporting, exception management and overseeing all aspects of operational risk across portfolios. This involves extensive interaction with internal and external parties to ensure effective oversight for existing business and also to shape and implement solutions for new clients, GS's own funds, products, strategies, and system architecture. The group continues to focus on best in-class client experience and working closely with the business to maintain and enhance client relationships. You will obtain a comprehensive knowledge of products, markets, and market related setups. You will also drive initiatives and provide solutions that will have an impact on client experience, Regulatory requirements, and risk mitigation.

Responsibilities and Qualifications

This is a highly technical role and as such requires ability to work effectively with a diverse group of professionals both internally and externally on wide variety of products and functions to solve for operational efficiency. The main areas of responsibility will be
  • Effectively execute and manage the daily processes and activities.
  • Partner with portfolio managers and Operation teams (Trade Management, Data and pricing, Controllers, Services, Client onboarding and Reporting) to make sure internal accounting system reflects accurate holdings/NAV and ensure external books of records at Admins aligns with GSAM
  • Investigate position differences between GSAM and Fund Admin/Accounting agents by reconciling Investment manager books vs ABOR
  • Manage the team daily, ensuring all queries are responded in accordance with SLA
  • Work closely with functional teams to resolve issues which directly impact positions, cash, realized Gain-Loss, portfolio manager trading, NAV, and After-tax performance of client's report
  • Analyzing new accounting platform solutions to assess accounting capabilities and system functionality to ensure data integrity and accuracy
  • Identifying efficiencies and areas for improvement within operations for accounting to mitigate risk, reduce manual efforts, and drive scale
  • Creating, maintaining and reviewing accounting standards to manage the business needs
  • Developing a thorough knowledge of accounting across division
  • Coverage and oversight of custodian and fund administrators to maximize potential value delivery across the firm
  • Develop knowledge of industry trends, competitive landscape and capabilities to facilitate business, increase efficiencies, improve controls and enhance client experience

Preferred Qualifications:
  • 8-10 years of experience in Operations and/or Financial Services Industry, preferably Asset Management
  • Relevant bachelor's degree with an excellent academic record; MBA a plus
  • Ability to lead across team members and drive assignments to completion
  • Strong communication skills both verbal and written. Ability to create influence and impact
  • Track team performance and morale and identify areas of improvement to help resolve any gaps
  • Strong understanding of theoretical and technical nature of accounting principles, NAV / Fund Accounting
  • Experience with Private Credit and Alternatives product suites
  • In-depth knowledge of Bank loan products and their operational lifecycle
  • Familiarity with FIS Investment Accounting Manager (formerly InvestOne) or any other portfolio accounting systems
  • Strong analytical skills, critical thinking, problem solving, and able to recommend long-term solutions
  • Prudent judgement on risk management, impact to client experience, and the ability to escalate as needed.
  • Ability to work independently, multitask and adapt in a fast-paced environment to deliver results
  • Experience working across multiple business areas and/or functions to deliver results
  • Advanced skills in Microsoft Excel, Word, PowerPoint, and ability to present to senior management

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

Lead with Innovation and Leadership

Step into a role where your skills will be honed and your leadership capabilities enhanced. The Goldman Sachs Group, Inc. is at the forefront of merging financial expertise with technological innovation, creating a platform for you to lead impactful initiatives.

Join Our Diverse and Inclusive Team

Diversity and inclusion are at the core of our company culture. With employees from various backgrounds, Goldman Sachs thrives on the rich ideas and perspectives that this diversity brings. Here, every team member’s contribution is valued, and every voice is heard.

Explore Job Opportunities and Internships

Whether you’re seeking full-time employment or looking into internship opportunities, Goldman Sachs offers a range of positions that cater to different skills, experiences, and career aspirations. From analyst to executive positions, discover how you can contribute to our legacy of success.

Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

Prepare for Your Future

Ready to take the next step? Prepare your resume, sharpen your interview skills, and explore the vast array of job opportunities at The Goldman Sachs Group, Inc. Our hiring process is designed to identify and nurture talent, helping you to achieve your career goals.

Stay Connected

Keep up to date with the latest from Goldman Sachs Careers by subscribing to our job alert emails. Tailor your preferences to receive updates that match your career interests and stay ahead in the competitive financial sector.

Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

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At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Finance & Insurance
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ
GS
* Ladders Estimates

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