The Goldman Sachs Group, Inc

Global Banking & Markets - New York - Associate, Settlements- 9283349

The Goldman Sachs Group, Inc$97K — $126K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Economics, or related field
  • 2 years of experience in settlements or related role
  • Experience with trade booking reviews and validating trade information
  • Advanced Microsoft Excel skills, including macros and pivot tables
  • Ability to communicate complex issues to internal partners

Responsibilities

  • Ensure timely resolution of settlement-related queries from trading desks
  • Summarize and escalate control failures to management
  • Collaborate with risk managers to develop remediation plans
  • Investigate discrepancies and manage client expectations
  • Identify opportunities for process and control improvements
  • Coordinate with external clients for timely settlement executions
  • Participate in projects to enhance confirmation process efficiency

Benefits

  • Opportunities for professional development and career growth
  • Exposure to a dynamic financial environment
  • Collaborative work culture
  • Access to cutting-edge financial tools and technologies
  • Engagement in cross-team improvement projects
Full Job Description
Job Duties: Associate, Settlements with Goldman Sachs & Co. LLC in New York, New York. Ensure all settlement-related queries and requests brought by trading desks are appropriately addressed. Escalate and summarize control failures to team management. Partner with embedded risk managers to develop a remediation plan to address and prevent recurrence. Ensure all discrepancies are appropriately investigated and resolved, while managing client expectations and potential fail exposure. Identify processes and controls improvement by leveraging tools used to build scalability while mitigating new risks. Coordinate with external clients to ensure timely execution of settlements and resolve all outstanding queries on balances. Participate in enhancement projects across teams to improve scalability and efficiency of confirmation process. Investigate and ensure payments are made by appropriate industry cut offs and any resulting breaks are escalated in a timely manner to the business. Design and initiate process improvements through thorough understanding of template architecture and system flows. Job Requirements: Bachelor's degree (U.S. or foreign equivalent) in Finance, Economics, or related field and two (2) years of experience in the job offered or in a related role. Prior experience must include two (2) years with: trade booking reviews; validating trade information (including asset class- and region-specific trade information), streamlining essential reporting, and knowledge sharing; communicating complex issues and concepts to a wide array of internal partners with differing levels of product experience; advanced Microsoft Excel including working with macros, pivot tables, VLOOKUP, and IF/AND formulas; and identifying process flaws and propose solutions to maximize efficiency. Salary Range: Annual base salary for this New York, New York -based position is $97,000-$126,000.

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

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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
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ

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