Equities Ops - Securities Lending Ops, Vice President Salt Lake City

Location(s) US-UT-Salt Lake City
Job ID
2021-76924
Schedule Type
Full Time
Level
Vice President
Function(s)
Operations
Region
Americas
Division
Operations
Business Unit
Securities Lending Ops
Employment Type
Employee

MORE ABOUT THIS JOB

OPERATIONS

 

Operations is a dynamic, multi-faceted division that partners with all areas of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. Alongside this vital service delivery role, Operations provides essential risk management and control, preserving and enhancing the firm’s assets and its reputation. Operations span all product lines and markets, serving as internal business partners who develop the processes and controls, and help to specify the systems that deliver accuracy, timeliness and integrity to our business. We aim to build a modern and digital-first transaction banking solution to serve our clients. Our business combines the strength, heritage, and expertise of a 150-year-old firm with the agility and entrepreneurial spirit of a tech start-up. Our goal is to provide a best-in-class digital product that helps clients to succeed by giving them a holistic view of their business. Through the use of modern technology built on the cloud, we are the alternative to legacy platforms. We’re a team of diverse experts helping our clients to build the future of their Treasury.

RESPONSIBILITIES AND QUALIFICATIONS

Description -

Your role will be managing a team who will focus on EMEA and/or US securities markets, working closely with other Operations groups, managing key day-to-day relationships with our network agent banks/custodians, Securities Lending desk, brokers and clients with a strong emphasis on risk management and control. This may require intervention at multiple stages during the lifecycle of the trades, should there be any issues requiring resolution and will involve liaising directly with Clients, Repo Traders, Securities Lending traders, Compliance, Tax, Legal, Asset Servicing and our agent banks within the respective global markets

 

The role will involve mitigating financial and reputational risk for the firm by ensuring that securities transactions are settled efficiently and on time. The team believes heavily in continual progression and innovation so there is significant scope to work on projects and initiatives to enhance our workflows

 

RESPONSIBILITIES

The candidates will have regular communication with the following stakeholders: The Trading Desk & Client Service teams, Engineering, External Clients and other core Federation teams. The primary responsibility for this candidate will include risk oversight of the following core team functions:

  • Account Opening
  • Settlements (new contracts and returns/recalls on existing contracts)
  • Reconciliations (Contract Compare)
  • Trade Amendments
  • MTM & Exposure Management
  • Monthly Billing

The role will require the candidate to be effective in:

  • Managing and prioritizing your daily workflows 
  • Appropriately managing your priorities according to market and internal deadline
  • Respond to varied queries from clients and internal business partner
  • Develop a sound understanding of the securities lending business and trade flow lifecycle.
  • Understand internal and external regulations that impact the Securities Lending business
  • Understanding and managing the risk of the functions supported.
  • Being able to develop, people manage and coach a strong team.

 

SKILLS

  • Strong academic background
  • Experience gained within Securities Lending, Settlements or Securities
  • Self-driven with excellent communication and interpersonal skills
  • Flexible team player and aptitude to working well under pressure with strict daily deadline
  • Strong analytical skills with ability to understand technical workflows in detail
  • Good organizational skills and ability to prioritize workload

 

Preferred Qualifications

  • Previous Operations related experience
  • Exposure to Equity & Fixed Income products and / or prior settlements or Securities Lending experience.

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., 2021. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity