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Operations, Global Banking & Markets, Loans Middle Office Associate, London

Goldman Sachs

Goldman Sachs

Operations
London, UK
Posted on Thursday, June 6, 2024

Job Description

YOUR IMPACT

Are you passionate about using your communication skills to influence discussions with internal business teams and outside clients, as well as, various Federation teams (including house lawyers, compliance, credit, regulatory teams and other Operations areas) The team needs people who can prioritise and display flexibility; will pay close attention to detail and display a high standard of accuracy and responsiveness; have a positive attitude and will work towards accomplishing the goals of the team.

OUR IMPACT

The team sits within Global Banking and Markets and provides operational support for various GS business teams with the origination, syndication, and secondary market trading of performing and non-performing loans. While loans are the primary product supported, the business continues to expand into other areas such as structured products, and private securities.The team works in partnership with various GS business teams to ensure efficient pre-trade due diligence, execution and settlement (the ‘’closing’’ role) of both primary and secondary loans. The team is responsible for helping to maintain the integrity and accuracy of the risk positions taken by the firm and resolving any trade settlement issues that may arise.

RESPONSIBILIITES

The role involves (but is not limited to):

  • Monitoring trading systems for new trades and confirming trades with outside clients
  • Reviewing credit agreements and loan documentation to understand the requirements for deal specific transfers.
  • Drafting, reviewing & negotiating transfer documents (including trade confirms & transfer certificates)
  • Liaising with Legal, Compliance, Credit, Trading Desks, Agency and Servicing teams to ensure necessary approvals are obtained, pricing/cashflows are agreed, reconciled and settled within our system
  • Co-ordinating of settlements with Client and Agents, ensuring all sign offs and approvals for transfer are obtained.
  • Co-ordinating loan to loan and loan to private security restructures. This will involve working with Trading Desk, Controllers, Clients and Agents and Legal to confirm necessary documentation position updates.

The role provides a high level of interaction with trading, sales and outside clients, as well as exposure to in-house lawyers, compliance, credit, regulatory teams and other Operations areas covering the trading desk.

SKILLS & EXPERIENCE WE’RE LOOKING FOR

Basic Qualifications

  • Ability to work well under pressure and meet strict deadlines
  • Ability to learn quickly in a fast-moving environment
  • Strong attention to detail and the ability to keep track of a large workload
  • Strong control mind set, to enhance the existing infrastructure to support increases in business
  • Team oriented approach – ability to work across functions outside of Operations
  • Strong organisational skills and flexibility, with the ability to cope with rapidly changing priorities throughout the day
  • Excellent interpersonal skills and self-confidence, including the ability to deal with demanding business requirements, protecting the interests and reputation of GS whilst maintaining a commercial outlook
  • Professional approach and ability to communicate well directly with external parties

Preferred Qualifications

  • Knowledge of Bank Loans/ Loan Closing experience
  • Experience of navigating Loan Credit Agreements
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.

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

© The Goldman Sachs Group, Inc., 2023. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity