• Operations – CIMD Operations - PWM Ops - PWM Ops Client Service & Comms – Analyst – Jersey City

    Location(s) US-NJ-Jersey City
    Job ID
    2019-53141
    Schedule Type
    Full Time
    Level
    Analyst
    Function(s)
    Operations
    Region
    Americas
    Division
    Operations
    Business Unit
    PWM Ops Client Service & Comms
    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 client around the world. In addition, Operations provides essential risk management and control to preserve 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 make the business flow.

     

    YOUR IMPACT
    Are you looking to apply your client service and analytical skills while deepening your understanding of asset management? Our NY Consumer Wealth Managed Account Services 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
    The NY Managed Account Services teams sits within Private Wealth Management and has primary responsibility of portfolio accounts, cash management, client reporting and serves as the single point of contract for all operations related client inquiries. Functions cover a wide range of clients and a complex product range, which includes equities, fixed income, currency and derivatives. The group supports portfolio managers, sales and client relationship professionals by providing accurate and timely client account information and overseeing all aspects of operational risk across portfolios.

    RESPONSIBILITIES AND QUALIFICATIONS

    Responsibilities and Qualifications

    This is a highly collaborative role and such requires the capability to work effectively with a diverse range of professionals both internally and externally, covering a wide variety of products and functions. The main areas of responsibility will be:

    • As part of this role, the analyst with partner with the broader CIMD teams to facilitate the operational design of a strategic platform to support the PWM business and new market opportunities
    • Ensure accounting data accuracy and provide account policy oversight in order to create a controlled environment for investment management processes
    • Trading desk support to include ad-hoc queries as well as ongoing business initiatives
    • Review account level metrics (ie, reconciling items on cash/position reconciliations, daily corporate actions, NAV reconciliations, failing trades, standard/non-standard reporting deliverables) as defined by operating standards and research, escalate, remediate exceptions as appropriate
    • Coordinate across portfolio managers on cash funding, withdrawals, trading requests and account attribute changes
    • Assist in the launch of new products and instruments
    • Process and control analysis to ensure effective oversight and risk management
    • Participation and analysis of industry events to assess impact for PWM

     

    Basic Qualifications

    • Minimum of 2 years’ experience in asset management
    • Risk management focus
    • Attention to detail with a sense of urgency a must
    • Proficient in Microsoft Office, specifically Word, Excel and PowerPoint as well as web-based applications
    • 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 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
    • Familiarity with client on-boarding for high net worth individuals and customers within family offices

    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.