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

    Location(s) US-NJ-Jersey City
    Job ID
    2018-45214
    Schedule Type
    Full Time
    Level
    Analyst
    Function(s)
    Operations
    Region
    Americas
    Division
    Operations
    Business Unit
    Trade Management
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    OPERATIONS

    Operations is a dynamic, multi-faceted division that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.

     

    OUR IMPACT

    Goldman Sachs Asset Management (GSAM) is the investment management arm of the firm. GSAM Operations provides service delivery and risk management in order to create a rigorous control environment for the investment management process. It consists of three broad functional areas, Trade Management, Portfolio Data & Control, and Client Management. The Trade Management team has primary responsibility of mitigating risk for all aspects of trade flow, settlement risk management, collateral management and counter-party liaison. The group has extensive interaction with the trading desks, technology, brokers and clients to ensure effective oversight for existing business and also to shape and implement solutions for new products, strategies and systems.

     

    HOW YOU WILL FULFILL YOUR POTENTIAL

     

    RESPONSIBILITIES AND QUALIFICATIONS

    • Supporting traders and portfolio managers across various asset management businesses
    • Trade & payment confirmation,  instruction and lifecycle events
    • Monitor daily reconciliations between various trading systems
    • Interface with the Trading and brokers to resolve day to day issues and ensure efficient settlement of trading activity
    • Building relationships with outside financial institutions (brokers, custodians, prime broker and fund administrator) to improve quality and productivity of work, integrating best practices as appropriate
    • Providing regular and ad hoc management information on risks and volumes
    • Pro-actively identifying opportunities and enhancements to improve functions

    SKILLS & EXPERIENCE WE’RE LOOKING FOR

    Basic Qualifications

    • Bachelor’s degree
    • At least 1-4 year of professional experience with financial products, or syndicated bank loans

    Preferred Qualifications

    • Preference of at least 1 year of asset management or middle office trade support functions from a broker dealer experience
    • Understanding of industry agenda & platforms (e.g. DTC, ClearPar, SWIFT, FED, Oasys, MBSE, DTCC, Trade Warehouse, Swaps wire, etc is a plus
    • Experience in broker and/or client facing activities
    • Capability to prioritize and work under pressure in a fast-paced environment
    • Proactive, self motivated individual with high levels of ownership, and driven to achieve
    • Demonstrates ability to independently troubleshoot and resolve most common problems that arise
    • Demonstrate ability to identify inter-relationships and understand the broad impacts of work and projects across the organization
    • Possesses excellent communication skills and attention to detail
    • Strong interest in Operations and asset management trade support and/or middle office

    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.