The Goldman Sachs Group, Inc

Global Banking & Markets- Salt Lake City- Associate, Confirmations- 9303079

The Goldman Sachs Group, Inc$80K — $110K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Master's degree in Finance, Quantitative Finance, or related field and 1 year of relevant experience, or a Bachelor's degree and 3 years of relevant experience.
  • Experience with data analytics platforms to improve reporting workflows and performance metrics visibility.
  • Advanced proficiency in Microsoft Excel for analyzing exception data.
  • Experience managing Key Risk Indicators (KRIs) within allowable thresholds.
  • Knowledge of the transaction lifecycle, including order confirmation and settlement processing.

Responsibilities

  • Assess and manage risks associated with counterparties failing contractual obligations.
  • Approve legal confirmation transmissions while mitigating trade risk.
  • Identify discrepancies in trades and collaborate with Trading and Sales teams for precision.
  • Coordinate legal confirmations and ensure electronic trade matching compliance.
  • Conduct analysis of market trends to reduce risks from client trading without agreements.
  • Document bespoke contract language for clients while ensuring industry regulatory compliance.
  • Streamline confirmation drafting processes to enhance operational efficiency.

Benefits

  • Comprehensive health and wellness programs.
  • Opportunities for professional development and growth.
  • Access to cutting-edge technology and tools.
  • Supportive and collaborative work environment.
  • Potential for involvement in high-stakes client negotiations and solutions.
Full Job Description
Job Duties: Associate, Confirmations with Goldman Sachs & Co. LLC in Salt Lake City, Utah. Assess and manage the risk of loss resulting from the failure of a counterparty to meet its contractual obligations across the firm's trading businesses. Approve legal confirmation transmission after mitigating trade risk of trade economics, seeking resolution for the economic breaks from the agreed terms between firm and counterparty. Identify and correct discrepancies raised by clients and collaborates seamlessly with Trading and Sales teams to ensure precise trade bookings. Coordinate the execution of legal confirmations and electronic trade matching to comply with legal obligation. Conduct in-depth analysis related to trade booking, causes and effects of market risk, and conduct sector/regional analysis based on concentration. Document contract language for bespoke clients, safeguarding their unique interests and ensuring compliance with industry regulations. Streamline and automate the confirmation drafting process, with focus on achieving significant improvements in operational efficiency. Analyze market trend and current development to safeguard the firm from risk of clients trading without Master Contract Agreement to facilitate regulatory and compliance guidance and report relevant information impact to senior management in a timely manner. Act as a Client Relationship Manager, partnering with Sales and Trading desks to offer best-in-class client service. Negotiate and document contract language for bespoke clients. Job Requirements: Master's degree (U.S. or foreign equivalent) in Finance, Quantitative Finance, or related field and one (1) year of experience in the job offered or in a related role OR Bachelor's degree (U.S. or foreign equivalent) in Finance, Quantitative Finance, or related field and three (3) years of experience in the job offered or in a related role. Prior experience must include one (1) year of experience (with a Master's degree) OR three (3) years of experience (with a Bachelor's degree) with: utilizing data analytics platforms to streamline reporting workflows, improving visibility into performance metrics and enabling data-driven risk assessment and management decisions; advanced Microsoft Excel including analyzing and quantifying exception data used in driving process improvements and reduced manual touchpoints; working with Key Risk Indicators (KRIs) and keeping them under allowable thresholds; and managing the end-to-end transaction lifecycle, including pre-sale coordination, order confirmation, payment reconciliation, settlement processing, and final-stage revenue tracking and reporting to support management decision-making.

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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