Global Banking & Market – MCVO – Collateral Management – Analyst – London

Job title:

Global Banking & Market – MCVO – Collateral Management – Analyst – London

Company

Goldman Sachs

Job description

Job Description:OUR IMPACTThe Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.Founded in 1869, Goldman Sachs has long sustained a commitment to hiring and training outstanding leaders. Our business principles are rooted in integrity, a commitment to excellence, innovation and teamwork. These values enable us to execute successfully a business strategy that is focused on extraordinary client service and superior long-term financial performance for our shareholders.We conduct our business in increasingly complex markets. Our people must continually find new ways to provide access to capital, manage risk and provide investment opportunities for our clients to enable them to realise their goals. We judge ourselves on our ability to help clients anticipate and respond to changing market conditions and to create opportunities that merit the trust they place in us.We are committed to growing our distinctive Culture and upholding our core values which always place our client’s interests first. These values are reflected in our Business Principles, which emphasise integrity, commitment to excellence, innovation and teamwork.BUSINESS UNIT OVERVIEWAn Analyst within Collateral Management will primarily be focused on the mitigation of counterparty credit risk through the performance of and reengineering of a number of operational processes. The role calls for strong Collateral Management or Derivatives experience. Analyst will be expected to perform these functions as well as demonstrating innovation and a proactive approach, highlighting inefficiencies, risks and implementing improvements. In addition, the Analyst will be expected to provide a high level of service to their clients.The role will involves close partnership and interaction with a wide range of areas, including Credit Risk Management, Legal and Compliance, Sales, Trading, Risk Management and other Operations Departments. As a result the successful candidate will be required to possess strong communication skills. Collateral Management, part of Margin, Valuations & Pricing Operations sits within the Goldman Sachs Liquidity Collateral & Optimization 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 and securities financing portfolios. Collateral Management is currently +100 staff strong in globally, with regions in Salt Lake City, New York, London, Bangalore and Singapore working closely together.The team have a rare opportunity to support products and business ranging from foreign exchange, commodities, credit, Equity, Interest Rates, Repo, Insurance/Pensions and bespoke structured derivatives and arrangements. 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

• Providing oversight across the team on the status of Issuance, Bookings & Controls.
• Providing Training an Coaching to the team to continue upskilling the Analysts
• Becoming 1st point of escalation to Clients
• Resolution and escalation of all client disputes and regulatory queries.
• New client on-boarding.
• Liaison with internal groups (Credit, Sales, Trading, Middle office, Legal, Front Office, Settlements, and Corporate Treasury) to resolve collateral issues.
• Reconciliation of portfolios.
• Collateral Optimization
• Monthly Interest and coupon settlement.
• Performing a number of control functions, ensuring the integrity of our processes.

Basic Qualifications

• Ability to generate creative solutions to problems and challenge processes; be willing to dig into the detail to resolve issues.
• Some experience of portfolio reconciliations and processing of margin calls would be desirable.
• Confidence to interact with external clients
• Strong organizational skills and the ability to cope with rapidly changing priorities throughout the day are essential
• Familiarity with/ability to learn Excel macros and other functions

Preferred Qualifications

• Functional Expertise – Keeps up-to-date with emerging business, economic, and market trends
• Technical Skills – Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/ her knowledge and demonstrates appropriate financial/analytical skills
• Client and Business Focus – Effectively handles difficult requests, builds trusting, long term relationships with clients, helps the client to identify/define needs and manages client/business expectations

ABOUT GOLDMAN SACHSAt Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.We believe who you are makes you better at what you do. We’re committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more:© The Goldman Sachs Group, Inc., 2023. All rights reserved.Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

Expected salary

Location

London

Job date

Wed, 08 Jan 2025 06:52:52 GMT

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