• Operations - IMD Operations - Client Management - Analyst - Jersey City

    Location(s) US-NJ-Jersey City
    Job ID
    2018-44496
    Schedule Type
    Full Time
    Level
    Associate
    Function(s)
    Operations
    Region
    Americas
    Division
    Operations
    Business Unit
    Client Management
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    YOUR IMPACT

     

    Are you looking to apply your client service and analytical skills while deepening your understanding of asset management? Our Client Middle Office team is seeking a professional who is looking to partner with our diversified client base and global business counterparts to provide best in-class client experience to define solutions and lead change across the operational infrastructure.

     

    OUR IMPACT


    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.

     

    Funds Oversight team sits within Client Management and has primary responsibility for all aspects of event management, portfolio accounting, regulatory monitoring and reporting, service provider oversight and serves as the single point of contact for all operations related funds inquiries. These functions cover a wide range of funds structures including mutual funds and hedge funds in various jurisdictions like US registered 40 act funds/ Luxemburg/ Offshore funds and a complex product range, which include equities, fixed income, currency and derivatives, money markets, ETFs. The group supports portfolio managers, Fund Boards, Controllers, Sales and Client relationship professionals by providing accurate and timely client account information and overseeing all aspects of operational risk across portfolios. This involves extensive interaction with internal and external parties to ensure effective oversight for existing business and also to shape and implement solutions for new clients, products, strategies, and system architecture. The group continues to focus on best in-class client experience and working closely with the business to maintain and enhance client relationships.


    HOW YOU WILL FULFILL YOUR POTENTIAL

    RESPONSIBILITIES AND QUALIFICATIONS

    • Holistic ownership and understanding of funds from a GSAM Operations perspective by understanding various fund structures, coordinating client issues across all operations teams and business partners, and act as a single point of contact for GSAM Operations 
    • Providing effective thought leadership by understanding the fund structures, key regulations and assessing the operational framework to ensure compliance of various unique fund and regulatory requirements 
    • Ensure accounting data accuracy and provide accounting policy oversight in order to create controlled environment for investment management process
    • Trading desk support to include ad-hoc queries as well as ongoing business initiatives 
    • Partner and liaise with client relationship team and client implementation team to qualify new business, implement account events, and ensure the adequacy of account structures and surveillance 
    • Proactively review indicators of operational issues/concerns with the goal of resolving such issues before client impact 
    • Review account level metrics (i.e. reconciling items on cash/position reconciliations, daily corporate actions, NAV Reconciliations, failing trades, standard/non-standard reporting deliverables), guidelines and regulatory breaches as defined by operating standards and research, escalate, remediate exceptions as appropriate
    • Providing effective thought leadership in navigating evolving financial regulatory landscape and helping to develop technological solutions to build appropriate architecture
    • Scalability analysis of workflow cost drivers and trends to help drive process improvements and efficiency, budgeting and cost allocation to various revenue producing desks


    SKILLS & EXPERIENCE WE’RE LOOKING FOR

     

    BASIC QUALIFICATIONS

    • Minimum of 2 years of professional experience 
    • Proficient in Microsoft Office, specifically Word, Excel, and PowerPoint
    • Bachelor’s degree required
    • Be highly collaborative, team-oriented and strong consensus builder
    • Demonstrate strong communication and interpersonal skills both written and oral

     

    PREFERRED QUALIFICATIONS

    • Previous experience in Operations, Accounting and/or Financial Services industry
    • Demonstrate ability to partner across product groups, regions and functional responsibilities
    • Be a strategic thinker, possesses strong facilitation and data gathering skills
    • Attention to detail and ability to work to tight deadlines under pressure and to provide practical solutions
    • Risk management focus 
    • ETF 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.