Global Banking & Markets- OTC and Repo Collateral Management, Associate

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We have Collateral Management (Cleared and non-cleared), Portfolio Reconciliation , Margin Lending and Ready to Margin which are part of Margin, Collateral Valuations Operations (MCVO) sitting within the Goldman Sachs Operations org. A global, multi-faceted and cross product function, the primary objective of the department is the mitigation of counterparty credit risk through the active monitoring of clients derivative, prime brokerage, GS execution & clearing, derivatives clearing and securities financing portfolios.

Products supported include foreign exchange, commodities, credit, equity, interest rate, repo and bespoke structured derivatives. The team manages a wide range of complex processes, with members developing skills and competencies around derivative & security products and their respective business areas, legal agreements, technology flows and regulations.


Responsibilities

  • Partner with professionals from a wide range of areas, including Credit Risk Management, Legal and Compliance, Sales, Trading, Risk Management and other Operations Departments.
  • Demonstrate value to team and improve operations by spotting inefficiencies and proposing strategies for improvement.
  • Monitor client portfolios on a daily basis, issuing and receiving collateral calls to ensure the firm s credit risk is mitigated.
  • Interact extensively with clients in order to resolve client disputes and queries, as well as to perform new client on-boarding.
  • Liaise with internal groups (Credit, Sales, Trading, Middle office, Legal, Front Office, Settlements, and Corporate Treasury) to resolve collateral issues.
  • Reconcile portfolios and perform Collateral Optimization.
  • Perform monthly Interest and coupon settlement.
  • Perform a number of control functions, ensuring the integrity of our processes.
  • Perform Inter-Company Margining including NPV control validation, applying knowledge of associated and applicable regulations applicable to margining GSLEs across different jurisdictions.
  • Execute margin calculation, exception and collateral settlement approval processing, as well as SIMM Calculations.

Requirements

  • Ability to identify and propose solutions to problems and challenge processes, as well as experience in presenting proposed solutions to management.
  • Demonstrated willingness to dig into the details as needed to resolve operational and client-specific issues.
  • Experience in interacting with external clients, as well as coordinating closely with professionals from other business areas.
  • Demonstrated ability to adapt to internal and external changes, including to changes in market conditions that demand immediate action.
  • Utilizing Excel macros and other functions, including vlookup and VBA.

Competencies

  • Stay ahead of the curve 1 keep pace with evolving business, economic, and market trends that shape our industry.
  • Bring strong technical and analytical skills, an eye for detail, and the initiative to continuously deepen your expertise.
  • Juggle multiple priorities with energy and focus.
  • Set ambitious goals, push through obstacles, and take ownership of your own growth and performance.
  • Build trusted, long-term relationships with internal and external clients.
  • Navigate difficult requests with poise, help clients articulate their needs, and set clear expectations.
  • Be the kind of teammate others want to work with 1 collaborative across teams, inclusive of diverse voices, and quick to recognize others' contributions.
  • Cut through complexity and communicate what matters 1 clearly, concisely, and with purpose.
  • Share knowledge and ideas generously across the organization
  • Think ahead 1 anticipate questions, plan for contingencies, and identify alternative solutions.
  • See the big picture while dissecting complex issues with rigor.
  • Challenge the status quo. Look for smarter ways to work and design creative, practical solutions that deliver real value.
  • Build persuasive, well-reasoned cases for your ideas.
  • Take a stand on the issues that matter and influence outcomes through sound rationale and credible recommendations.
Core Skills: VBA Other Skills: Excel Seniority: Junior, Mid, Senior
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