• Operations - Banking, Lending, Investing Operations - Loan Servicing - Associate - Dallas

    Location(s) US-TX-Dallas
    Job ID
    2020-60401
    Schedule Type
    Full Time
    Level
    Associate
    Function(s)
    Operations
    Region
    Americas
    Division
    Operations
    Business Unit
    Loan Servicing
    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

    OUR IMPACT

    IBD Agency is responsible for ensuring efficient and accurate transaction processing across a broad range of products. Generally, the products supported are complex instruments that require close alignment with the business. IBD Agency is at the forefront of shaping and driving change in the industry with the ultimate aim of delivering greater accuracy, control and efficiency for our clients and our business. The Letters of Credit servicing team within IBD Agency is responsible for the trade finance functions as Standby Letter of Credit Issuer.

     

    YOUR IMPACT

    The Standby Letters of Credit (“LC”) servicing team is seeking a standby letters of credit professional who is able to effectively collaborate with multiple business desks, internal and external legal counsels, as well as applicants and beneficiaries to manage all stages of the transaction, and to mitigate risks associated with the letter of credit product offering. This position requires the ability to handle complex inquiries regarding standby letters of credit from our external clients and internal business partners. Additionally, the individual we are seeking will assist in strategic projects to enhance the product and platform. The position will have increasing managerial duties for day to day oversight, training, and personnel development. 

     

    RESPONSIBILITIES AND QUALIFICATIONS

    HOW YOU WILL FULFILL YOUR POTENTIAL

    • Gain a broad understanding of the respective business desks you support
    • Review Credit Agreements and other deal documents to assist with the structuring of our obligation as issuing bank
    • Responsible for issuing LCs and examining documents presented under LC’s to ensure compliance with bank procedures and industry standards and regulations.
    • Review daily reports to ensure appropriate action has been taken if applicable.
    • Leverage your knowledge and expertise as a subject matter expert in all aspects of the business and to help train other colleagues, as needed.
    • Display your ability to function as a team player while working in a fast paced environment
    • Build your network through interaction with middle office teams, sales teams, controllers, and other internal Goldman Sachs groups to resolve transactional issues and to collaborate on process and product enhancements and improvements
    • Leverage your analytical skills by reviewing legal documents and processing ad-hoc reports for the client and internal business groups
    • Develop your project management skillset by assisting with projects for system or process improvements

    SKILLS & EXPERIENCE WE’RE LOOKING FOR

    BASIC QUALIFICATIONS

    • Bachelor’s degree with financial services experience.
    • Minimum 3-7 years of experience in Trade Finance and/or LC operations
    • In-depth knowledge of ISP98/UCP 600
    • Ability to work in a fast paced environment with competing priorities
    • Excellent communication and client service skills
    • Strong organizational and analytical skills with a keen attention to detail
    • Proficiency using the Microsoft Office Suite in particular Excel, PowerPoint and Microsoft Word

     PREFERRED QUALIFICATIONS

    • Experience in loan servicing or operations
    • Knowledge of URDG 758

     

     

     

     

    ABOUT GOLDMAN SACHS

    ABOUT GOLDMAN SACHS


    At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.

    We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.

    We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html



    © The Goldman Sachs Group, Inc., 2020. All rights reserved.
    Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity