• Operations - Securities Division Operations - Ready to Margin - Analyst

    Location(s) US-NJ-Jersey City
    Job ID
    2019-56591
    Schedule Type
    Full Time
    Level
    Analyst
    Function(s)
    General
    Region
    Americas
    Division
    Operations
    Business Unit
    Ready to Margin Ops
    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.

    RESPONSIBILITIES AND QUALIFICATIONS

    The Ready to Margin (RTM) team is seeking a professional who is looking to collaborate with Legal, Credit, Engineering and Sales to ensure Counterparty Agreement data is captured accurately across various firm wide systems.

     

    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.

     

    The Ready to Margin (RTM) team was created to facilitate the formation of margin relationships with clients from the point of initial negotiation until the enablement of successful exchange of margin, optimizing the client experience while complying with applicable regulations.

    The AM team sits within RTM and supports all derivative products across Goldman Sachs. The Team's primary responsibility is to review and analyze Counterparty documentation against what is captured in the Legal and margining systems, to ensure accurate information is flowing into downstream systems. Our work directly impacts transaction pricing, margin calls, confirm generation, collateral enforceability and the firm's liquidity.

     

    HOW YOU WILL FULFILL YOUR POTENTIAL

     

    • Review and analyze ISDA/ CSA and other Master/ Credit Support documentation; determine material clauses and identify key risks in documentation
    • Develop a comprehensive understanding of the Legal and margin workflow and systems
    • Liaise with Legal, Credit, Middle Office, Trading/ Sales/ Strategists, Corporate Treasury, Collateral and other internal GS Teams on issues
    • Review and understand all upcoming regulations to properly assess the impact to the team and the firm
    • Work closely with Engineering to identify/ resolve system issues, and implement system enhancements to increase efficiency in current processes
    • Identify potential risks in operational processes; develop and implement controls to mitigate risk
    • Analyze and improve workflow to improve operational efficiency
    • Work with the global team to produce reports and build metrics
    • Address adhoc issues

     

    SKILLS & EXPERIENCE WE’RE LOOKING FOR

     

    • Bachelor’s degree, with 2-5 years of relevant experience as below:
    • Derivative documentation experience in either in Ops Documentation Teams (Drafting, Middle Office) or Derivative Legal Teams
    • Familiarity with ISDA Masters Agreements and the relevant schedules along with NY and/ or UK law CSA’s
    • Ability to break down and fully understand documentation and parse into constituent components
    • Attention to detail – goal of zero defect in work product
    • Ability to work independently as well as be part of an interactive team
    • Ability to multi-task and prioritize
    • Strong control orientation
    • Good problem solving skills/ judgment – including ability to identify issues that require escalation
    • Excellent verbal and written communication – role requires a lot of interaction with internal clients as well as drafting process documentation
    • Self-starter who will push themselves to learn

    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.