The Goldman Sachs Group, Inc

Global Banking & Markets-Salt Lake City-Senior Associate, Trade Processing-8949915

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

Qualifications

  • Master's degree in Economics, Finance, Business Administration, Financial Analysis, or related field with 1 year of experience OR Bachelor's degree with 3 years of experience.
  • Proficient in reviewing and adjusting client account transactions for accuracy.
  • Experience in monitoring and streamlining case management workflows.
  • Skilled in conducting Quality Assurance (QA) reviews using external data platforms.
  • Ability to define system functionalities and workflow requirements for engineering compliance.
  • Knowledge of pre-deployment testing and bug logging procedures.
  • Strong data analysis skills to derive insights from financial data.

Responsibilities

  • Analyze regulatory reports to ensure compliance with trade and account activities.
  • Process financial transactions including wire transfers and securities, ensuring adherence to FINRA and IRS regulations.
  • Reconcile client account transactions with internal and external records through detailed data analysis.
  • Audit financial transactions and collaborate with teams for regulatory and external audits.
  • Address client requests promptly while ensuring accurate documentation per internal protocols.
  • Streamline operational processes and reduce risks through internal coordination.
  • Contribute to increased efficiency by enhancing communication across teams.

Benefits

  • Comprehensive health benefits.
  • Retirement savings plan.
  • Opportunities for professional development and training.
  • Flexible work hours and potential for remote work.
  • Supportive work environment focused on collaboration.
Full Job Description
Job Description

Job Duties: Senior Associate, Trade Processing with Folio Financial, Inc. in Salt Lake City, Utah. Analyze regulatory reports as required by ensuring that all trades and account activities comply with current regulations and reporting standards. Process various financial transactions, including wire transfers, securities transactions, and fund transfers, ensuring accuracy and compliance with FINRA and IRS regulations. Reconcile client account transactions with firm ledger and records including performing detailed data analysis and comparison. Audit financial transactions and work with internal teams for regulatory reporting and/or external auditors as required. Address and process client requests received and ensuring timely resolution and accurate documentation in accordance with internal protocols. Streamlining processes, risk reduction and improving operational processes and procedures, contributing to increased efficiency by working with internal teams to ensure seamless coordination and communication.

Job Requirements: Master's degree (U.S. or foreign equivalent) in Economics, Finance, Business Administration, Financial Analysis, or a related field and one (1) year of experience in the job offered or related role OR Bachelor's degree (U.S. or foreign equivalent) in Economics, Finance, Business Administration, Financial Analysis, or a related field and three (3) years of experience in the job offered or related role. Prior experience must include at least one (1) year with master's degree or three (3) years with bachelor's degree with the following: reviewing client account transactions accuracy and making manual adjustments transactions in Client account ledger system system to reflect accurate information; monitoring and streamlining case management workflows to provide real-time updates to clients; completing Quality Assurance (QA) reviews using data from external platforms by leveraging data audit reports from tax vendor to verify data accuracy through analysis and presentation of report accuracy rates; defining system functionality and workflow requirements for engineering, ensuring adherence to internal policies and external regulations; using pre-deployment product testing, leveraging testing environment to identify and log bugs issues and conduct data collection for resolutions with the engineering team; using data analysis techniques to extract meaningful insights from financial data and communicate findings to management; and establishing key performance indicators (KPIs) to measure the effectiveness of process improvements and monitoring performance over time to identify areas for further improvement.

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

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