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Job Summary & Responsibilities
Goldman Sachs Asset Management (GSAM) delivers innovative investment solutions through a global, multi-product platform that offers clients the advantages that come with working with a large firm, while maintaining the benefits of a boutique. GSAM is one of the pre-eminent investment management organizations globally. Critical to the success of GSAM is our ability to leverage a global team of talented professionals to define solutions and lead change across the operational infrastructure.
Credit Alternatives is seeking to add a highly motivated Administrative Assistant. This role will provide administrative and office support for a team of employees of various managerial levels. Previous experience in supporting a team and the ability to work well under pressure in a busy and dynamic environment is preferred.
Responsibilities:
- Provides administrative support in a complex team environment
- Handles a high volume of phones calls and interacts with high level business leaders in a professional and effective manner
- Maintains complex and extremely detailed calendars and prioritizes meeting requests and related logistics
- Coordinates travel arrangements and processes team expense reports
- Coordinates with other administrative personnel across businesses
- Maintains understanding of firm policies and handles certain issues independently
- Responsible for participation in general administrative duties (copying, scanning, archiving), ad-hoc projects, committees and or group events
- Respond to and follow up on requests in an accurate and efficient manner
Basic Qualifications
- Requires excellent interpersonal and communication skills
- High attention to detail
- Ability to maintain high standards despite pressing deadlines
- Ability to solve problems quickly and efficiently
- Strong knowledge of general business, corporate and government cultures
- Ability to handle highly sensitive, confidential and non-routine information
- Self-starter with excellent anticipation skills; problem solving; follow up
- Demonstrated dependability and sense of urgency about getting results
- Demonstrates high degree of integrity and confidentiality
- Strong organizational skills
- Comfortable working with people at all organizational levels
- Comfortable working in a sometimes hectic, high pressure environment
- Ability to display a consistent, professional degree of communication
- Ability to work well under pressure, adapt to unexpected events, prioritize and multi-task in a deadline driven environment
- Must be able to prioritize a variety of time-sensitive tasks
- Must have excellent judgment; independent thinker and resourceful
- Strong proficiency in MS Word, Excel, PowerPoint and Outlook
- Team player with a positive attitude
- Highest degree of integrity, professionalism, diplomacy and discretion required
- Prefer 3+ years of experience.
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Fixed Income, Currency, and Commodities (FICC) Technology plays a key role in the firm’s
ability to help institutional clients buy and sell financial instruments on liquidity venues
around the world, an important revenue driver for the firm. In FICC Technology we use both open source industry standard and internal proprietary technologies to build cutting edge platforms for pricing, execution, and control over each of these millions of transactions.
The Global Credit Technology organization is a global team responsible for the technology needs of multiple businesses in the micro space of the Fixed Income, Currencies & Commodities (FICC) Division -- including Credit, Mortgages, Municipals, Emerging Markets, and Bank Loans. We are looking to grow our team with motivated and experienced technologists who are eager to work in a fast-paced environment. The candidate will be responsible for building new and innovative solutions in addition to enhancing and supporting our existing trading systems and desktop applications. We have a deep pipeline of business driven project requests aimed at automating trading workflows and increasing our competitive advantage with our clients. Our team utilizes a rich software stack comprised of both open source and proprietary technologies (Slang/SecDb). We use Java to build distributed services and are in the process of redefining how we perform inter-process communication in our services oriented architecture. We are actively migrating away from conventional enterprise solutions like TIBCO Rendezvous (RV) to modern solutions for scalable microservices architectures – like Kafka, REST, Web sockets (Dropwizard, Vert.X). Our architecture’s middle tier is migrating towards in-memory data grids like Hazelcast We are investing in HTML5, JavaScript, Angular to build modern desktops for market making, market data aggregation, trade booking, risk, and data analytics.The candidate will have a unique opportunity to learn the Credit business through close interactions with traders, sales, strategists, and Franchise managers.
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Are you looking to apply your analytical skills to find trends and the root causes for errors while deepening your understanding of all financial securities? Our Product Data Quality team is seeking a professional who is looking to collaborate with all divisions and global vendors to ensure data accuracy, completeness, and governance. Our team ensures that our reference data can properly serve as a building block for downstream systems performing critical booking, settling, and reconciliation functions.
OUR IMPACT
Engineering 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, Engineering 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, Engineering partners with the business to develops the processes and controls that makes business flow. Product Data Quality is a high-value risk management team in Engineering that, across all firm divisions, is responsible for the governance programs that ensure critical securities modeling and pricing data is accurate, complete, and scalable. This data is a critical input and dependency to most trade and client support functions.
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INTERNAL AUDIT
In Internal Audit, we ensure that Goldman Sachs maintains effective controls by assessing the reliability of financial reports, monitoring the firm’s compliance with laws and regulations, and advising management on developing smart control solutions. Our group has unique insight on the financial industry and its products and operations. We’re looking for detail-oriented team players who have an interest in financial markets and want to gain insight into the firm’s operations and control processes.
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CONSUMER (MARCUS BY GOLDMAN SACHS)
Marcus by Goldman Sachs is the firm’s consumer business, combining the entrepreneurial spirit of a startup with 150 years of experience. Today, Marcus has $50 billion in deposits, $5 billion in loan balances and 4 million customers across our lending and deposits businesses, as well as the personal financial management app, Clarity Money. Through the use of insights and intuitive design, we provide customers with powerful tools and products that are grounded in value, transparency and simplicity. We are backed by our unique team, comprised of individual contributors from leading agile technology companies, fintechs and consumer financial services companies, allowing us to disrupt the industry, while helping consumers take control of their financial lives.
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The Goldman Sachs Merchant Banking Division (“MBD”) invests both the firm's own capital and capital raised from outside investors. The Private Credit Group (“PCG”) within MBD originates investments across senior secured loans, mezzanine/unsecured debt, preferred equity and opportunistic credit. PCG, with investment professionals based in New York and London, is one of the largest originators of direct credit in the world, with a track record of $70+bn deployed since 1996.
PCG associates work as part of small deal teams responsible for identifying, diligencing, structuring, executing and monitoring corporate debt investments. Associates are involved in a wide range of high profile transactions across the capital structure and in a variety of industries in support of transactions that include leveraged buy-outs, take privates, add-on acquisitions and recapitalizations.
Importantly, the majority of current PCG investment professionals entered the group through the associate program. As such, the PCG associate role is viewed not as a traditional buy-side “two-years-and-out” associate program, but rather as the primary entry point for an upward trajectory career path within MBD.
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CONSUMER (MARCUS BY GOLDMAN SACHS)
Marcus by Goldman Sachs is the firm’s consumer business, combining the entrepreneurial spirit of a startup with 150 years of experience. Today, Marcus has $50 billion in deposits, $5 billion in loan balances and 4 million customers across our lending and deposits businesses, as well as the personal financial management app, Clarity Money. Through the use of insights and intuitive design, we provide customers with powerful tools and products that are grounded in value, transparency and simplicity. We are backed by our unique team, comprised of individual contributors from leading agile technology companies, fintechs and consumer financial services companies, allowing us to disrupt the industry, while helping consumers take control of their financial lives.
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Make data a strategic asset for the enterprise by providing a platform that enables the structuring, management, integration, control, discovery, usage, and governance of our Data Assets.
MIDDLEWARE ENGINEERING provides software based infrastructure solutions
and subject matter expertise to application teams. This group ensures the firm is positioned
for emerging technology offerings and spans Big Data, Machine Learning, Database, Messaging, Java, App Entitlement Management, Market Data, External Financial Messaging and related engineering efforts.
Middleware Engineering covers a range of database products. The successful candidate will become familiar with all of these products and become proficient in several in order to drive the Application engagement, troubleshooting, automation and self-service strategy for operational support.Database engineer will work with application teams and DBMS vendor troubleshooting and advising on Sybase ASE, DB2 UDB, Postgres and Sybase IQ.
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If you are looking for an exciting opportunity in Technology to work as a lead developer on the latest technologies and solve complex problems in the world of finance at one the leading investment banks in the world , we have one for you in Private Wealth Management (PWM) technology at Goldman Sachs.
The PWM business provides end to end Investment Management services and advice across a full range of asset classes for High net worth individuals. The PWM Technology team provides critical technology services across a range of front and back office applications to support the PWM business.
The PWM technology team is looking for experienced software engineers to lead work on critical projects on Java and Big data technologies. In this role the engineers have a unique opportunity to work along with other technologists, business and operational partners to architect world class solutions to complex problems on very modern technical stack. The role would require candidates to have a solid understanding of JAVA applications, RESTful APIs, Spring Boot applications, Big Data systems. The candidates would be responsible for working on all phases of the development cycle from design to final production roll-out and post production support where applicable.
The contributions you make in your projects, through your innovation, engineering skills and software expertise will make a direct and immediate impact on expanding the business.
Unique challenges in the role include working on systems that need to be extremely fast , scalable and resilient to support the ever growing needs of a business in global markets for example ,processing millions of transactions on hundreds of thousands of accounts , having fault tolerant systems etc. Additionally, the role would require you to work with a wide variety of business and technology partners around the world, and focus on multiple project deliveries at the same time.
If you have the skills, energy and passion to write JAVA code in the world of finance and want to challenge yourself to take on bigger opportunities, look no further, come join our team!
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CONSUMER (MARCUS BY GOLDMAN SACHS)
Marcus by Goldman Sachs is the firm’s consumer business, combining the entrepreneurial spirit of a startup with 150 years of experience. Today, Marcus has $50 billion in deposits, $5 billion in loan balances and 4 million customers across our lending and deposits businesses, as well as the personal financial management app, Clarity Money. Through the use of insights and intuitive design, we provide customers with powerful tools and products that are grounded in value, transparency and simplicity. We are backed by our unique team, comprised of individual contributors from leading agile technology companies, fintechs and consumer financial services companies, allowing us to disrupt the industry, while helping consumers take control of their financial lives.
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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.
INVESTMENT MANAGEMENT
We’re a team of trusted advisors who provide innovative investment solutions to help our clients meet their financial goals. From private wealth to asset management, we work with specialists and groups from around the firm to help high-net-worth individuals and institutions across various industries navigate changing markets and make smart investments. We value self-starters with an entrepreneurial spirit, but still provide the support and resources to ensure your success.
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You will work in a fast paced environment as the lead of a new quantum computing research team who are at the forefront of delivering innovative platforms that enable state of the art technology solutions. You will work closely with other technology teams and internal end users to deliver solutions that drive a variety of GS businesses. You will have an opportunity to be part of cutting-edge R&D projects within the firm.
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Data Lake Engineers are responsible for the Firm’s strategic repository for enterprise data. Engineering teams across the Firm are our clients, participating in providing and consuming data to & from the lake. Developers on the team create and manage the software that manages the data in the lake, ensure entitlements are enforced appropriately, data is milestoned, and is available for query on multiple target warehouse platforms. This platform enables structuring, management, integration, control, discovery, usage, and governance of our Data Assets. Client Solutions Support Engineers on the team engage the firm’s Engineering teams to understand their big data needs and help them architect technical solutions that leverage the features and functionality of the Data Lake platform.
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CONSUMER (MARCUS BY GOLDMAN SACHS)
Marcus by Goldman Sachs is the firm’s consumer business, combining the entrepreneurial spirit of a startup with 150 years of experience. Today, Marcus has $50 billion in deposits, $5 billion in loan balances and 4 million customers across our lending and deposits businesses, as well as the personal financial management app, Clarity Money. Through the use of insights and intuitive design, we provide customers with powerful tools and products that are grounded in value, transparency and simplicity. We are backed by our unique team, comprised of individual contributors from leading agile technology companies, fintechs and consumer financial services companies, allowing us to disrupt the industry, while helping consumers take control of their financial lives.
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RISK
Our Risk division develops comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities, lead projects and contribute to the ongoing advancement of a robust risk management program. Effective coordination with executive management, business units, control departments and technology is critical for success.
LIQUIDITY RISK (LR)
Liquidity Risk is the independent risk management function responsible for identifying, quantifying, and managing the liquidity risk of the firm. We work closely with Corporate Treasury, Controllers, Operations, Securities Division, and the broader Risk organization to provide independent risk assessment and oversight of the firm’s liquidity risk taking. Key functions include:
- Stress Testing: Methodology development, model creation and governance, assumption review and approval, and risk measurement
- Regulatory Stress Metrics, Liaison, & Advocacy: Calculation and disclosure of key regulatory stress metrics, guidance and rule interpretation, engagement with global regulators, and policy advocacy
- Risk Limit Governance: Setting liquidity risk appetite, calibration of risk limits, sign-off on limits frameworks, and ongoing monitoring of limit utilization and remediation
- Analytics: Measurement, analysis, and reporting of risk measures, development of platforms and tools for risk calculation and visualization, and governance of data quality and completeness controls
- Governance & Reviews: Ongoing evaluation of compliance with key regulatory regimes, new activity impact assessments and approvals, engagement with key committees and governing bodies, and maintenance of key policies and procedures
- Risk Oversight: Monitor, govern, and challenge various liquidity and funding execution activities, including cash & collateral management, funds transfer pricing, balance sheet usage, liquidity and funding projections, and liability management
- Active and ongoing engagement with risk taking businesses to understand, monitor, and govern liquidity risk
- Direct engagement with the Chief Risk Officer and global regulators regarding material risks, current risk exposures, and limits governance
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Consumer and Investment Management (CIMD)
The Consumer and Investment Management Division includes Goldman Sachs Asset Management (GSAM), Private Wealth Management (PWM) and our Consumer business (Marcus by Goldman Sachs). We provide asset management, wealth management and banking expertise to consumers and institutions around the world. CIMD partners with various teams across the firm to help individuals and institutions navigate changing markets and take control of their financial lives.
Consumer
Consumer, externally known as Marcus by Goldman Sachs, is comprised of the firm’s digitally-led consumer businesses, which include our deposits and lending businesses. It also includes our personal financial management app, Clarity Money. Consumer combines the strength and heritage of a 150-year-old financial institution with the agility and entrepreneurial spirit of a tech start-up. Through the use of insights and intuitive design, we provide customers with powerful tools that are grounded in value, transparency and simplicity to help them make smarter decisions about their money.
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GLOBAL COMPLIANCE
Our division prevents, detects and mitigates compliance, regulatory and reputational risk across the firm and helps to strengthen the firm’s culture of compliance. Compliance accomplishes these through the firm’s enterprise-wide compliance risk management program. As an independent control function and part of the firm’s second line of defense, Compliance assesses the firm’s compliance, regulatory and reputational risk; monitors for compliance with new or amended laws, rules and regulations; designs and implements controls, policies, procedures and training; conducts independent testing; investigates, surveils and monitors for compliance risks and breaches; and leads the firm’s responses to regulatory examinations, audits and inquiries. You'll be part of a team with members from a wide range of academic and professional backgrounds, such as law, accounting, sales, and trading. We look for those who possess sound judgment, curiosity, and are able to adapt to a changing regulatory landscape.
Job Summary & Responsibilities
Goldman Sachs Global Compliance is dedicated to protecting the reputation of the firm, managing risk and helping to advance the business of the firm. From global financial centers to important developing markets, Global Compliance professionals interpret and ensure compliance with regulatory requirements and determine how the firm can appropriately pursue global market opportunities. Global Compliance is organized broadly into divisional compliance groups and centralized compliance groups. This supports the Private Wealth Management Business
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What We Do
At Goldman Sachs, our Engineers don’t just make things – we make things possible. Change the world by connecting people and capital with ideas. Solve the most challenging and pressing engineering problems for our clients. Join our engineering teams that build massively scalable software and systems, architect low latency infrastructure solutions, proactively guard against cyber threats, and leverage machine learning alongside financial engineering to continuously turn data into action. Create new businesses, transform finance, and explore a world of opportunity at the speed of markets.
Engineering, which is comprised of our Technology Division and global strategists groups, is at the critical center of our business, and our dynamic environment requires innovative strategic thinking and immediate, real solutions. Want to push the limit of digital possibilities? Start here.
Who We Look For
Goldman Sachs Engineers are innovators and problem-solvers, building solutions in risk management, big data, mobile and more. We look for creative collaborators who evolve, adapt to change and thrive in a fast-paced global environment.
Consumer and Investment Management (CIMD)
The Consumer and Investment Management Division includes Goldman Sachs Asset Management (GSAM), Private Wealth Management (PWM) and our Consumer business (Marcus by Goldman Sachs). We provide asset management, wealth management and banking expertise to consumers and institutions around the world. CIMD partners with various teams across the firm to help individuals and institutions navigate changing markets and take control of their financial lives.
Consumer
Consumer, externally known as Marcus by Goldman Sachs, is comprised of the firm’s digitally-led consumer businesses, which include our deposits and lending businesses. It also includes our personal financial management app, Clarity Money. Consumer combines the strength and heritage of a 150-year-old financial institution with the agility and entrepreneurial spirit of a tech start-up. Through the use of insights and intuitive design, we provide customers with powerful tools that are grounded in value, transparency and simplicity to help them make smarter decisions about their money.
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RISK
The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high‐net‐worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong, Bangalore and other major financial centers around the world.
We are currently seeking candidates for the Model Risk Management Department (“MRM”) in [New York].
The Model Risk Management (MRM) group is a multidisciplinary group of quantitative experts at Goldman Sachs with presence in New York, London, Warsaw, Hong Kong, and Bangalore. The group’s primary mandate is to manage risk that arises from quantitative models used in the firm through its range of businesses – from models used for derivatives valuation to models used for risk management, liquidity and capital computations. In addition to independently reviewing these classes of models for their validity, theoretical consistency and implementation accuracy, the group is also responsible to assess the risk associated with model ongoing performance and change management.
Some examples of models reviewed include:
- Potential Exposure models, which evaluate firm’s credit risk exposed to counterparties (i.e. firm’s potential loss in the event of counterparty default). Skills required include interest rate modeling, principal component analysis (PCA), and Monte Carlo simulation.
- Value-at-Risk (VaR) models, which estimate firm’s 1-day Value-at-Risk from a certain product. Requires data processing skills such as PCA and expectation-maximization (EM) algorithm in addition to knowledge of the financial product.
- PPNR (pre-provision net revenue) Models, which project firm’s 9-quarter revenue for a business line using statistical tools such as linear regression.
- Pricing models, which price financial products such as derivatives and repos (repurchase agreement) - requires quantitative finance skills such as rate curve bootstrapping, Greeks, option pricing and numerical methods
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RISK
The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.
MORE ABOUT THIS JOB
The Model Risk Management (MRM) group is a multidisciplinary group of quantitative experts at Goldman Sachs with presence in New York, Salt Lake City, London, Warsaw, Singapore, Hong Kong, and Bangalore.
MRM is responsible for independent oversight of the firm’s model risk, ensuring compliance with the Model Control Policy, and evidencing effective challenge over model development, documentation, implementation, and usage.
The group’s primary mandate is to manage risk that arises from model use through the firm’s range of businesses – including derivatives, securities and other investments’ valuation; market, credit and operational risk management; liquidity and capital computations; and more.
