Goldman Sachs Asset Management Trade Management Confirmation and Settlement Associate Salt Lake City Job at Goldman Sachs, Salt Lake City, UT

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  • Goldman Sachs
  • Salt Lake City, UT

Job Description

MORE ABOUT THIS JOB:

YOUR IMPACT

Are you looking to expand your understanding of financial products and be well versed on the life cycle of a trade? Our Trade Management team is seeking a professional who is looking to collaborate with traders, portfolio managers, and external counterparties to ensure all trades are communicated, confirmed, and settled to safeguard our clients and funds.

As a member of the Goldman Sachs Asset Management (GSAM) division, you will need to be a quick learner and understand the regulatory environment to ensure that we are managing risk to protect the firm and our clients. It is critical that this person have the organizational skills needed to effectively prioritize requests, meet deadlines, and communicate to all levels of the organization to facilitate an excellent client experience.

OUR IMPACT

Operations 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, Operations provides essential risk management and control to preserve and enhance the firms assets and its reputation. For every trade agreed, every new product launched or market entered, every transaction completed, it is Operations that develops the processes and controls that makes business flow.

GSAM is the investment management arm of the firm. As a leading player in the asset management world, GSAM makes pioneering industry improvements a priority across all of its sectors.

The Trade Management team has primary responsibility of mitigating risk throughout all aspects of trade flow, settlement, and collateral management. By building deep relationships with the trading desks, technology, brokers, and clients, Trade Management oversees the existing business and implements solutions for new products, strategies, and systems. Active change requires active leadership; Trade Management prioritizes innovation in order to craft the future asset management landscape.

RESPONSIBILITIES AND QUALIFICATIONS:

HOW YOU WILL FULFILL YOUR POTENTIAL

Key responsibilities being:

  • Prepare to gain a comprehensive understanding of the trade lifecycle by interacting with traders, strategists, clients, and technologists to work toward the shared goal of risk mitigation
  • Connect daily with traders and brokers to resolve issues and ensure timely settlement of trades
  • Monitor daily reconciliations between various trading systems
  • Understand and improve problem solving capability for complex trade flow, accounting issues, and transactional discrepancies
  • Leverage your quantitative skills to decompose processes to improve control and scale of the business
  • Grow with the team; develop a deeper understanding of complex transactions and work with our business partners to progress our trade capture capabilities
  • Build relationships with outside financial institutions (brokers, custodians, prime broker and fund administrator) to improve quality and productivity of work, integrating best practices as appropriate
  • Provide project management leadership and/or support for new and existing products, with an emphasis on co-operation with Engineering for the development and enhancement of processes and systems.
  • Maintain team procedures and provide regular management reporting to Operations managers and the business

SKILLS & EXPERIENCE WERE LOOKING FOR

  • Degree : Bachelors degree required
  • Professional Experience : At least 4 years with financial products, knowledge in one, or more, derivative/core products with an interest to expand into other areas
  • Client Service : Proven ability to build global relationships and communicate complex issues to a wide array of clients with differing levels of product experience.
  • Communication : Strong communication, organizational, and interpersonal skills with the confidence to engage professionally and persuasively with clients and senior figures within the firm.
  • Leadership Capabilities : Ability to think critically and apply thought leadership
  • Accountability : Self-motivated and proactive team player who takes ownership of projects with the aptitude to manage clients expectations and follow-through with professionalism
  • Team Player: Thrives in a teamwork oriented environment and works well under pressure
  • Analytical Skills : Proven analytical skills, problem solving ability, and a control mentality paired with meticulous attention to detail.
  • Technical Skills : Expertise in Microsoft Office (Outlook, Word, Excel, PowerPoint and BI Tools) required and the ability to work with web-based applications
  • Results-Oriented : Ability to handle time-sensitive projects while focusing on the quality of work delivered, and helping lead projects to a successful conclusion
  • Professional Maturity : Ability to manage confidential information with excellent judgment
  • Prioritization : Deadline driven with the ability to multi-task and work in a fast-paced environment

PREFERRED QUALIFICATIONS

  • At least 2 years of asset management or middle office experience (experience or solid understanding of OTC derivatives/Mortgages/Mutual Funds/Private Investments/Bank Loan confirmations/settlements or related trade support functions preferred)
  • Understanding of industry agenda & platforms (e.g. DTC, ClearPar, SWIFT, FED, Oasys, MBSE, DTCC, Trade Warehouse, Swaps wire etc) is a plus
  • Fail trade/payment investigation experiences preferred
  • Experience in broker and/or client facing activities
  • Business Intelligence skillsets

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 .

Were committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more:

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 Goldman Sachs

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