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MORE ABOUT THIS JOB OUR IMPACT 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 globe. Alongside this integral service delivery role, Operations provides essential risk management and control, preserving and enhancing the firm's assets and its reputation. Behind every trade executed, every new product launched, every market entered, and every transaction completed is an Operations team that develops the foundational processes and controls that make our business flow. PWM Margin Lending sits within the Consumer and Wealth Management Division (CWM) and manages PWM clients' margin relationships for the firm. The team's primary responsibility is to monitor clients' margin loans and ensure there is sufficient collateral within the portfolio to collateralize their margin debit. The team also owns and manages a variety of processes that focus on mitigating risks and creating commercial impact, including leading key enhancement initiatives to further automate manual processes and build offerings that will drive increased revenue for the division.
YOUR IMPACT Our PWM Margin Lending team is seeking a professional who is looking to create impact by analyzing our client margin portfolios and issuing calls across a variety of PWM client accounts. In addition, we are looking for a strong performer who can leverage existing technical skills to grow and develop a robust understanding of complex margin methodologies and workflows to further enhance our existing infrastructure.
RESPONSIBILITIES AND QUALIFICATIONS RESPONSIBILITIES AND QUALIFICATIONS
HOW YOU WILL FULFILL YOUR POTENTIAL The PWM Margin Lending team supports a broad array of margin functions within the PWM business. The team is responsible for monitoring that clients remain within exposure limits and ensuring that actions are taken to bring the client's account back within their limit (i.e. issuance of margin calls, monitoring of client activity to meet any issued margin calls, general impact of client trading activity, etc). The primary job responsibility is validating and ensuring all margin calls are issued on a timely basis and working closely with Business Partners to ensure all calls are met in a timely manner. There are also regulatory reporting obligations that are performed by the team daily, across businesses. The team also manages several manual processes that provide client's bespoke margin treatment on structured products, guarantee/guarantor set-ups, and override coding approved by GCF/Risk/Credit.
Bachelor's degree with 8-10 years of professional experience (financial markets), preferably across equities, fixed income, and OTC derivative products.
Work experience in financial services required
Margin and collateral experience would be an added advantage
Proven ability to effectively manage competing priorities and to work well under pressure in a team environment
High level of discretion and awareness of accountability
Analytical skills and interest in developing problem-solving capabilities
Positive attitude and eagerness to learn
Strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges the contributions of others.
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 .
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