The Goldman Sachs Group, Inc

Global Banking & Markets Operations-Otc & Repo Collateral Mgmt-Salt Lake City-Associate

The Goldman Sachs Group, Inc • $80K — $95K *
Salt Lake City, UT 84118In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in a relevant field such as Financial Risk Management or Finance
  • 3-5 years of experience in a financial services operational role
  • Strong analytical and problem-solving skills
  • Ability to manage multiple priorities in a deadline-driven environment
  • Excellent written and verbal communication skills
  • Attention to detail with a commitment to operational controls
  • Proven collaborator with ownership of responsibilities

Responsibilities

  • Monitor client portfolios and manage collateral calls to mitigate credit risk
  • Perform margin calculations and collateral settlement processing
  • Engage directly with clients to resolve disputes and support onboarding
  • Partner with various internal teams to address collateral-related issues
  • Reconcile portfolios and assist with collateral optimization
  • Execute monthly interest and coupon settlements within deadlines
  • Identify and propose improvements for operational efficiencies

Benefits

  • Collaborative team environment that encourages knowledge sharing
  • Opportunity to drive operational improvements and impact client experience
  • Access to a variety of internal partners and stakeholders for professional growth
  • Ability to engage with clients and build strong relationships
  • Contribute to maintaining high standards for operational effectiveness
Full Job Description
Job Description

Your Impact

As an Associate within Collateral and Margin Operations in Salt Lake City, you will play an important role in protecting the firm by helping manage counterparty credit risk and ensuring the accurate and timely movement of collateral. You will oversee daily margin activity across client portfolios, working closely with clients and internal stakeholders to resolve complex issues, maintain strong controls, and support the continued flow of business.

Your ability to analyze information, identify risk, and drive issues to resolution will directly contribute to the integrity of the firm's processes and the quality of the client experience. You will also have the opportunity to identify operational inefficiencies, recommend improvements, and help build more scalable and effective ways of working.

Our Impact

The Collateral and Margin team supports the firm's risk management framework by monitoring client portfolios, calculating margin requirements, managing collateral movements, resolving disputes, and maintaining robust operational controls. The team partners closely with Credit Risk Management, Legal, Compliance, Sales, Trading, Corporate Treasury, Settlements, Middle Office, Front Office, and other Operations teams.

How You Will Fulfill Your Potential
  • Monitor client portfolios and issue or respond to collateral calls to help mitigate the firm's counterparty credit risk.
  • Perform margin calculations, investigate exceptions, and complete collateral settlement approval processing.
  • Calculate Standard Initial Margin Model, or SIMM, requirements and support associated margin processes.
  • Engage directly with clients to resolve collateral disputes, respond to inquiries, and support the onboarding of new client relationships.
  • Partner with Credit, Sales, Trading, Legal, Compliance, Middle Office, Front Office, Settlements, Corporate Treasury, and other Operations teams to resolve collateral-related issues.
  • Reconcile portfolios, investigate differences, and support collateral optimization activities.
  • Complete monthly interest and coupon settlements accurately and within required deadlines.
  • Perform control activities that support the integrity, accuracy, and effectiveness of the team's processes.
  • Manage intercompany margining activities, including net present value control validation and the application of relevant margin requirements across Goldman Sachs legal entities and jurisdictions.
  • Identify process inefficiencies, control gaps, and opportunities for improvement, and develop practical recommendations that enhance scalability, reduce risk, or improve the client experience.
  • Analyze complex issues, prioritize competing responsibilities, and escalate risks or exceptions appropriately.
  • Build trusted working relationships with clients and internal stakeholders through clear communication, strong judgment, and consistent execution.
  • Contribute to a collaborative team environment by sharing knowledge, supporting colleagues, and helping deliver against broader team objectives.

Qualifications
  • Bachelor's degree in Financial Risk Management, Business Administration, Finance, Accounting, Engineering, or a related field.
  • 3 - 5 of experience in an operational role within the financial services industry, or in a role involving comparable risk, margin, collateral, or transaction-processing responsibilities.
  • Strong analytical and problem-solving skills, with the ability to investigate discrepancies and drive issues through to resolution.
  • Ability to manage multiple priorities and execute accurately in a deadline-driven environment.
  • Strong written and verbal communication skills, including the ability to engage effectively with clients and stakeholders across different functions.
  • Demonstrated attention to detail and commitment to maintaining effective operational controls.
  • Ability to work collaboratively across teams while taking ownership of individual responsibilities.


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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