The Goldman Sachs Group, Inc

Global Banking & Markets Operations-Cleared Collateral Management-Salt Lake City-Associate

The Goldman Sachs Group, Inc$80K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years experience in collateral operations or related field
  • Strong knowledge of derivatives and futures products
  • Experience with risk management and control frameworks
  • Proven ability to enhance operational efficiency
  • Excellent communication and training skills
  • Detail-oriented with strong analytical abilities

Responsibilities

  • Oversee daily mark to market activity and risk management
  • Resolve counterparty risk exposure issues and prioritize outstanding items
  • Identify and propose improvements to existing procedures
  • Implement strategic enhancements and test operational requirements
  • Allocate daily work and assess risks for exceptions
  • Conduct training sessions for team knowledge improvement
  • Perform daily collateral and margining tasks
  • Review and confirm settlement of payments and transfers
  • Generate end of day risk exposure reports for management

Benefits

  • Comprehensive health and wellness packages
  • Retirement savings plans with employer matching
  • Opportunities for professional development and training
  • Work-life balance initiatives
  • Dynamic work environment with diverse team
Full Job Description
Job Description

Functions within the Cleared Collateral Operations team include the day to day oversight, control framework and risk management for matters pertaining to collateral and margin both for the firm and firm clients. This includes the mitigation of risk of multiple critical business processes that span the life cycle of derivative and futures products and have potential risk of ramifications for the Firm if performed incorrectly. The individual is responsible for daily mark to market activity, collateral settlement and risk management across our clients and the different Clearing Counterparties (CCPs).

In addition, the individual is responsible to assist managers and the team in performing and providing oversight for the following responsibilities:
  • Assist in the resolve of items related to counterparty risk exposure and prioritization of open items including the booking/recalling of cash or securities; exposure to firm and clients; approvals of payments to ensure accuracy and appropriateness.
  • Identify and propose strategic procedural enhancements to improve efficiency and mitigate risk and drive the implementation of those approved and prioritized.
  • Provide assistance in the implementation of strategic enhancements including development of operation requirements, testing and thought leadership resulting from efficiency opportunities, regulatory changes, mitigation of risk, etc.
  • Provide start of day work allocation and risk assessment for the exceptions to management
  • Conduct training to increase knowledge depth
  • Perform daily client and firm collateral and margining activities
  • Review and confirm settlement of payments and position transfers internally and with external brokers
  • Provide end of day open risk exposure reports to management
  • Partner with technology on resolving exceptions which require adjustments


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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