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

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