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Corporate Treasury Operations-New York-Senior Associate-Corporate Treasury Middle Office

Goldman Sachs

Goldman Sachs

Accounting & Finance, Operations
New York, NY, USA
Posted on Thursday, June 6, 2024

Job Description

At Goldman Sachs, we connect people, capital and ideas to help solve problems for our clients. We are a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. For us, it’s all about bringing together people who are curious, collaborative and have the drive to make things possible for our clients and communities.

OUR IMPACT

Operations is a dynamic, multi-faceted division that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.

Corporate Treasury manages the firm’s financial resources and minimizes interest expense through liability planning, asset liability management, and liquidity portfolio yield enhancement. The division is ideal for individuals with strong analytical skills who want to work in a fast-paced, rapidly-changing environment that requires collaboration across many functions at the firm. Within Corporate Treasury- Funding and Execution Team focuses on efficient management of liabilities supporting the firm’s assets, including issuance of secured and unsecured liabilities and execution of interest rate, currency and other hedging strategies. Funding and Execution Team also manages the firm’s excess liquidity portfolio, ensuring efficient alignment of cash and collateral balances and implementing yield enhancement strategies in the portfolio.

The Treasury Trading product suite includes structured repos, collateral upgrades, swaps, loans, bond borrows and notes, as well as other more complex products, designed to optimize firm funding across a range of constraints and objectives. The CT Middle Office team partners with trading, structuring and control functions across the firm to coordinate front-to-back lifecycle management for the diverse mix of transactions executed by Desk. Key responsibilities of the team include liaising with clients to verify trades and coordinate settlements, helping in managing front to back lifecycle management of both unsecured and secured funding, ensuring accurate position capture of trading risk, and partnering with Engineering to uplift technology infrastructure and support new product development. CT Middle Office is looking for collaborative, analytical, highly-motivated professionals to join our Middle Office team, responsible for covering a wide range of Treasury product suite and risk functions.

RESPONSIBILIITES:

  • Must be willing to gain a comprehensive understanding of the trade lifecycle by interacting with desk, sales, strategists in addition to legal, product control, credit, and structuring teams in order to work toward the shared goal of risk mitigation
  • Act as 1st line of defense for desk, timely performing exotic trade reviews and flag discrepancies appropriately
  • Partner with cross federation teams to ensure accurate and timely settlement of transactions
  • Working closely with Structuring and Desk on new business initiatives
  • Minimize financial, reputational and regulatory risk to the firm and its clients
  • Must be able to contribute towards continuous process enhancement, creating efficiencies in the process and providing risk benefits
  • Candidate should have keen risk management mind set and should be willing to contribute in installing controls as and when necessary across the functions
  • Perform well under pressure as well as a deadline oriented environment and should be comfortable with handling Ad-hoc requests
  • Act as first point of contact for Treasury Trading and to field client queries
  • Self-motivated and proactive team player who takes ownership and accountability of projects, has strong organizational skills as well as the ability to effectively manage competing priorities

COMPETENCIES:

  • Analytical skills, excellent communication skills, problem solving ability and ability to think outside of the box
  • Candidate should be flexible and must have ‘can-do’ attitude
  • Aptitude for building relationships/networking and ability to communicate complex issues clear and concise to different set of audience
  • Accuracy, detailed oriented and should be team player

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

Salary Range
The expected base salary for this New York, New York, United States-based position is $80000-$135000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.