Global Banking & Markets Operations - Prime Margin Lending - New York - Associate

BUSINESS UNIT OVERVIEW

The Prime Margin Lending team sits within the Margin, Collateral Valuations Operations (MCVO) group and supports a broad array of businesses across Goldman Sachs including Prime Brokerage (PB), and Goldman Sachs Execution and Clearing (GSEC). The teams are responsible for monitoring to ensure that clients remain within exposure limits and ensuring that actions are taken to bring the client’s account back within their limit. The primary job responsibility is validating and ensuring all margin calls are issued on a timely basis, 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.

 

We have Collateral Management (Cleared and non-cleared), Portfolio Reconciliation and Margin Lending which are part of MCVO sits within the Goldman Sachs Operations organization. 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. The NY MCVO team works in close partnership with teams in New York, London, Warsaw, Singapore, Hyderabad & Bengaluru. 

Products supported include foreign exchange, commodities, credit, equity, interest rate 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.

 

HOW YOU WILL FULFILL YOUR POTENTIAL

An employee within MCVO will primarily be focused on the mitigation of counterparty credit risk through the performance of a number of operational processes. They will be expected to perform these functions as well as demonstrating innovation and a proactive approach, highlighting inefficiencies, risks and implementing improvements. 

In addition, they will also be expected to provide a high level of service to their clients. The role will involve close interaction with a wide range of areas of the bank including Credit Risk Management, Legal and Compliance, Sales, Trading, Controllers, Middle Office, Client Representatives, Central Clearing Services and other Operations Departments. 

As a result, the successful candidate will be required to possess strong communication skills.

 

SKILLS & EXPERIENCE WE’RE LOOKING FOR

• Functional Expertise - Keeps up-to-date with emerging business, economic, and market trends
• Technical Skills - Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills
• Drive and Motivation - Successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
• Client and Business Focus - Effectively handles difficult requests, builds trusting, long-term relationships with clients, helps the client to identify/define needs and manages client/business expectations
• Teamwork – Gives evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions
• Communication Skills - Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with others
• Judgment and Problem solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyses complex issues
• Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value
• Influencing Outcomes - Presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences others' opinions and presents persuasive recommendations

 

BASIC QUALIFICATIONS

• 4+ years of experience
• Strong numerical, analytical, and problem-solving skills
• The role is client facing so the employee will require strong communication skill and should be highly articulate with a strong appreciation of client service
• Flexible to manage differing challenges and ever-increasing complex nature of transactions
• Ability to learn quickly in a fast-moving environment. Team oriented approach to sharing workload and leverage skill sets
• Strong organizational skills and the ability to cope with rapidly changing prioritie