The Goldman Sachs Group, Inc

Global Banking & Markets Operations-Ready To Margin-Salt Lake City-Associate

The Goldman Sachs Group, Inc • $70K — $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

  • 5-7 years in derivatives documentation or related operational area
  • Expertise in ISDA Master Agreements and NY/UK law CSAs
  • Proficient in deconstructing legal documentation into operational data
  • Knowledge of regulations like UMR and FINRA
  • Experience with AcadiaSoft and TriOptima
  • Detail-oriented with a zero-defect mindset
  • Strong communication skills with ability to engage stakeholders

Responsibilities

  • Mitigate counterparty credit risk through operational processes
  • Review and analyze ISDA Master Agreements for key risk terms
  • Own client Standard Settlement Instructions (SSIs) setup
  • Collaborate with various departments to resolve issues
  • Identify operational risks and design controls
  • Streamline workflows and contribute to new product reviews

Benefits

  • Opportunities for cross-training and skill development
  • Early responsibility with a focus on innovation
  • Collaborative work environment across global teams
  • Access to a variety of operational roles
Full Job Description
Job Description

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) sits within the Goldman Sachs Operations organization. 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 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.

JOB SUMMARY AND RESPONSBILITIES

An employee within MCVO will primarily be focused on the mitigation of counterparty credit risk through the performance of a number of operational processes. They will be expected to perform these functions as well as demonstrating innovation and a proactive approach, highlighting inefficiencies, risks and implementing improvements. In addition, they will also be expected to provide a high level of service to their clients.

The role will involve close interaction with a wide range of areas of the bank including Credit Risk Management, Legal and Compliance, Sales, Trading, Controllers, Middle Office, Client Representatives, Central Clearing Services and other Operations Departments. As a result the successful candidate will be required to possess strong communication skills.

We promote cross training and ensure our employees develop a broad level of understanding across the varied departmental functions carried out. You can expect to be given early responsibility and in return you will be expected to contribute your own ideas to make a difference and add value to the group.

Some specific set of responsibilities are -

Documentation Review & Digitization
  • Review and analyze ISDA Master Agreements, CSAs, and other master documentation, identifying material clauses and key risk terms.
  • Translate complex legal language into structured data, capturing terms (simple to highly structured) into our Credit, Legal, and Margin systems.
  • Serve as the review and approval checkpoint before terms flow into downstream pricing, confirmation, collateral, and regulatory platforms.

Client Onboarding & Settlement Setup
  • Own the setup of client Standard Settlement Instructions (SSIs) for cash and securities, including Alert, Non-Alert, third-party, and tri-party custodian accounts.
  • Configure collateral accounts and work across platforms such as Acadia and TriOptima.

Cross-Functional Partnership
  • Collaborate with Legal, Credit, Middle Office, Trading, Sales, Corporate Treasury, and Risk to resolve issues and unlock opportunities.
  • Partner with Engineering to resolve system breaks and drive scalable enhancement

Risk, Controls & Continuous Improvement
  • Identify operational risks and design robust controls to mitigate them.
  • Ensure prompt resolution of regulatory exceptions (UMR, FINRA and SEC and more).
  • Streamline workflows, build metrics with the global team, and contribute to new product reviews to ensure scalable support.

SKILLS / RELEVANT EXPERIENCE
  • Derivatives documentation experience - Ops documentation, drafting, middle office, or derivatives legal background.
  • Strong familiarity with ISDA Master Agreements, schedules, and NY/UK law CSAs.
  • Ability to deconstruct legal documentation into operational data components.
  • Solid understanding of regulations such as UMR, FINRA, and Brexit-related changes and their margining implications.
  • Skill in tracing data flows across systems to diagnose and resolve breaks.
  • Hands-on experience with AcadiaSoft, TriOptima, SSI setup (Alert/Non-Alert), and tri-party custodian onboarding
  • Detail-obsessed with a zero-defect mindset.
  • Strong control orientation and sound judgment on when to escalate.
  • Excellent verbal and written communication - comfortable drafting documentation and engaging internal stakeholders.
  • A self-starter who thrives both independently and as part of a collaborative global team.
  • Skilled at multitasking, prioritizing, and continuously learning

Functional & Technical Excellence
  • Stay ahead of the curve - keep pace with evolving business, economic, and market trends that shape our industry.
  • Bring strong 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
  • Build trusted, long-term relationships with internal and external clients.
  • Navigate difficult requests with poise, help clients articulate their needs, and set clear expectations.

Teamwork & Collaboration
  • Be the kind of teammate others want to work with - collaborative across teams, inclusive of diverse voices, and quick to recognize others' contributions.

Clear, Compelling Communication
  • 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 the big 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.

Influencing Outcomes
  • Build persuasive, well-reasoned cases for your ideas.
  • Take a stand on the issues that matter and influence outcomes through sound rationale and credible recommendations.

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.

SEARCH GOLDMAN SACHS JOBS

READ CAREERS BLOG

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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