• Operations – Private Wealth Management (PWM) – Trade & Transaction Mgmt – ACATS Team – Analyst – Salt Lake City

    Location(s) US-UT-Salt Lake City
    Job ID
    2018-43255
    Schedule Type
    Full Time
    Level
    Analyst
    Function(s)
    Operations
    Region
    Americas
    Division
    Operations
    Business Unit
    PWM Ops Trade & Trx Mgmt
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    OPERATIONS

    Operations is a dynamic, multi-faceted division that partners with all parts of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. In addition, Operations provides essential risk management and control to preserve and enhance the firm’s assets and its reputation. For every trade agreed, every new product launched or market entered, every transaction completed, it is Operations that develops the processes and controls that makes business flow.

    YOUR IMPACT

    Opportunity for an Analyst/Associate to join the Private Wealth Management (PWM) Operations ACATS (Automated Customer Account Transfer Service) team to support the effective transition of client accounts for the firm. You will help facilitate the movement of assets for Goldman Sachs clients while monitoring for risk and ensuring compliance to firm and regulatory policies. You will also have the opportunity to be innovative by improving processes, reducing risk and increasing efficiency.

     

    OUR IMPACT T

    The ACATS team works with internal teams, counterparties and vendors to provide effective transaction processing and exceptional client service that both guards the firm’s capital and reputation while creating measurable value for the firm and its clients. The team receives and submits ACAT requests in accordance with Firmwide and industry standards and ensures proper client approvals and documentation have been received in order to mitigate financial, reputational, and regulatory risk.

    RESPONSIBILITIES AND QUALIFICATIONS

    HOW YOU WILL FULFILL YOUR POTENTIAL:

    • Perform position-level reconciliation of all accounts requested form counter parties/clients
    • Execute multiple ACATS functions (i.e., account transfer receives, delivers, residuals, mutual funds, foreign and domestic settlements)
    • Review ACAT documentation ensuring paperwork is in-line with industry standards
    • Maintain integrity of customer accounts
    • Enforce regulations and GS policy
    • Provide superior client service while mitigating risk
    • Find innovative ways to create efficiencies and improve controls

     

    SKILLS & EXPERIENCE WE’RE LOOKING FOR

    BASIC QUALIFICATIONS

    • Attention to detail and strong organizational skills
    • Basic understanding of the financial industry
    • Strong analytical and problem solving skills
    • Strong self-management, presentation, communications, escalation and interpersonal skills
    • Ability to work on multiple tasks/priorities and thrive in a fast-paced deadline driven environment
    • Interacts well with all levels and in a team environment
    • Strong sense of ownership
    • Internally driven
    • Ability to innovate, improve processes, enhance controls and reduce risk
    • Bachelor’s degree required

     

    PREFERRED QUALIFICATIONS

    • 1-2 years operations experience (familiarity with ACATS & settlement operations)
    • Compliance and/or regulatory experience

     

    ABOUT GOLDMAN SACHS

    The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

    © The Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.