• Operations – Securities Division Operations – Liquidity Trade Management – Analyst/Associate – Dallas

    Location(s) US-TX-Dallas
    Job ID
    2019-52539
    Schedule Type
    Full Time
    Level
    Analyst
    Function(s)
    General
    Region
    Americas
    Division
    Operations
    Business Unit
    Liquidity Sales & Trading Svcs
    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.

     

    YOUR IMPACT

     

    Liquidity Trade Management is looking for an energetic, analytical, highly motivated analyst/associate to join a fast-paced team which works closely with the Repo Desk (STIR/GLP/PFI), Corporate Treasury, Legal, Technology and other cross-federation teams to facilitate secured & unsecured funding for the firm. In this role, you will learn about the firms liquidity efforts through internal stakeholder interaction as well as through exposure to external clients. You will be expected to use your skills to help reduce risk, enhance client service, and industrialize processes.

     

    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. Liquidity Trade Management facilitates vanilla and structured repo transactions across the firm that are utilized for firm liquidity purposes & financing firm activity. Team provides middle office support to the PFI, Global Liquidity Products, Short Term Interest Rate desks as well as other cross asset desks looking to finance securities (IRP, CLO, Mortgage Sales). Key functions performed across the team include liaising with clients for trade verification, working with Sales & Trading to accurately reflect repo transactions in risk systems, ensure flawless settlement of securities & cash, opining on new flows for new products introduced into the repo system architecture.

    RESPONSIBILITIES AND QUALIFICATIONS

    HOW YOU WILL FULFILL YOUR POTENTIAL

     

    • Prepare to gain a comprehensive understanding of the trade lifecycle by interacting with traders, sales, strategists in addition to legal, product control, credit, documentation and structuring teams in order to work toward the shared goal of risk mitigation
    • Partner with cross-operations teams, Sales and Trading to ensure accurate and timely settlement of Repo transactions
    • Assist sales in maintaining excellent client relationships with focus on best in class service
    • Monitor and resolve booking exceptions to minimize overall risk profile
    • Assist internal and external stakeholders/clients in navigating both firm & market-wide processes and policies
    • Minimize financial, reputational and regulatory risk to the firm and its clients
    • Demonstrate thought leadership by enhancing processes and creating efficiency where appropriate
    • Perform well under pressure as well as a deadline oriented environment
    • Act as first point of contact at firm to field client queries

     

    This position description is intended to describe the duties most frequently performed by an individual in this position. It is not intended to be a complete list of assigned duties but to describe a position level.

     

    SKILLS & EXPERIENCE WE’RE LOOKING FOR

     

    BASIC QUALIFICATIONS

     

    • Bachelor’s degree with a minimum of three years of experience in financial services.
    • Proven analytical skills, problem solving ability, and a control mentality paired with meticulous attention to detail.
    • Aptitude for building relationships and ability to communicate complex issues to a wide array of internal clients with differing levels of product experience.
    • Self-motivated and proactive team player who takes ownership and accountability of projects, has strong organizational skills as well as the ability to effectively manage competing priorities.
    • Flexible and able to work well under pressure in a team environment.

    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., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.