• CIMD Operations – Liquidity Management - Analyst/Associate – Jersey City

    Location(s) US-NJ-Jersey City
    Job ID
    2020-59634
    Schedule Type
    Full Time
    Level
    Analyst, Associate
    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.

    RESPONSIBILITIES AND QUALIFICATIONS

    YOUR IMPACT

    Are you looking to be a part of a team that is at the forefront in solving for challenges brought on by regulatory changes impacting the financial industry? Are you looking to apply your client service and analytical skills while deepening your understanding of asset management? Collateral requirements have never seen change to the level it has in recent years, and our Liquidity Management team is leading the charge to ensure we have a best in class organization. The spotlight on collateral and how we oversee cash has the focus of senior management across the firm, allowing for a professional seeking to partner with our diversified client base and global business counterparts to provide a best in class service while driving forward change.

     

    OUR IMPACT 

    Goldman Sachs Asset Management (GSAM) Operations is part of the Consumer & Investment Management Division 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, Portfolio Data & Control, Client Management, and Trade Management. 

     

    The Liquidity Management team resides under the Trade Management umbrella. They are responsible for mitigating client’s counterparty risk across multiple asset classes by actively monitoring and instructing collateral, and for all aspects of cash and liquidity management. Functions cover all GSAM business units across the fund, institutional and retail channels, and provide support by providing accurate and timely liquidity information while overseeing aspects of operational risk across portfolios. 

     

    HOW YOU WILL FULFILL YOUR POTENTIAL

    • Provide extensive support to Portfolio Management & Traders in regards to their portfolios.
    • Ensure accounting data accuracy and forecast daily cash balances in multi-currency portfolios.
    • Perform analysis on daily excess cash balances across GSAM and determine optimal short term investment values.
    • Mitigate liquidity risks by monitoring daily liquidity drain on cash and ensuring targets are met.
    • Scalability analysis of workflow cost drivers and trends to help drive process improvements and efficiency, budgeting and cost allocation to various revenue producing desks.
    • Manage collateral and counterparty exposures across multiple product classes and various regulations.
    • Grow with the team, and demonstrate your strong technical and market knowledge of derivatives.
    • Provide project management leadership and/or support for new and existing products and processes, with an emphasis on partnering with technology and other subject matter experts. 
    • Build relationships with external financial institutions (brokers, custodians, prime brokers and fund administrators) to improve on quality and productivity by integrating best practices where appropriate. 
    • Provide and analyze data points and metrics highlighting risks, volumes, and trends on a regular and ad hoc basis.
    • Proactively identify opportunities and enhancements to improve functions. 
    • Utilize problem solving capability for complex market and settlement issues.
    • Liaise with traders and brokers to ensure efficient settlement of trading activity.

     

     

    SKILLS & EXPERIENCE WE’RE LOOKING FOR

     

    BASIC QUALIFICATIONS

    • Bachelor’s degree with a minimum of one year of experience in financial services.
    • Self-motivated and proactive team player, who takes ownership and accountability.
    • Proven analytical skills, problem solving ability, and a control mentality paired with meticulous attention to detail. 
    • Strong organizational skills and the ability to effectively manage competing priorities in a fast-paced environment.
    • Aptitude for building relationships and ability to tailor communication of complex issues to specific audiences.

     

    PREFERRED QUALIFICATIONS

    • Minimum of two years of asset management or middle office experience, with broker and/or client facing interaction.
    • Knowledge of Cash and/or Collateral Management
    • Experience/solid understanding of bilateral, listed, and/or cleared derivatives and the role that collateral plays.
    • In-depth understanding of the role Operations plays, how risk is managed, and how controls operate.
    • Proficient in Microsoft Office, specifically Excel, Word, and PowerPoint 

    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., 2020. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.