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.

The Portfolio Reconciliation & Valuations Team falls under the broader MCVO (Margin, Collateral and Valuations business unit) which is within the greater Portfolio Services and Client Onboarding sub-division. This business unit supports all areas of the firm dealing with funding, cash movement, collateral and margin management and pricing.

Portfolio Reconciliation & Valuations are responsible for ensuring the reconciliation of positions is accurate and any discrepancy resolved in a timely manner. In addition, the team provides critical valuation reporting to select clients for the positions they hold with Goldman Sachs across multiple products. The team manages a variety of products (OTC derivatives) and is responsible for ensuring clients and 3rd party reconciliation tools receive their reports on a timely fashion according to their requirements. This is a function in line with Dodd-Frank requirements and is heavily related to the margin rules program since September 2016.

YOUR IMPACT

Are you looking to apply your quantitative skills while deepening your understanding of derivative products while working in a fast paced and collaborative atmosphere? Our Portfolio Reconciliation and Valuations team is seeking a professional who is looking to collaborate with Traders, Sales, Middle Office, Confirms and other Operations teams to mitigate risks associated with portfolio reconciliation discrepancies across OTC derivative transactions.

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 firm’s 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. Portfolio Reconciliation within the broader Margin, Collateral, and Valuations team is a fast-paced and dynamic team which supports all areas of the firm dealing with funding, cash movement, collateral and margin management and pricing. The team also interacts with all areas of Operations giving members a unique perspective into the various business lines of the firm while impacting all business streams.

HOW YOU WILL FULFILL YOUR POTENTIAL

• Liaise with clients in order to track and resolve position discrepancies

• Leverage 3rd party vendor platform to diagnose and resolve data mapping issues to ensure quality of data submitted for reconciliation

• Targeted focus on resolving trade economic differences with our counterparties that may indicate potential booking errors and represent a critical risk for the firm.

• Liaise with internal teams including Middle Office, Confirms, Trading, Sales, Client Onboarding, Account Management teams to investigate and resolve booking differences

• Utilize trade booking lifecycle knowledge to troubleshoot delays in data flow, missing positions, incorrect data and appropriately pinpoint the proper internal team or external contact to liaise with for resolution

• Constantly recommend and develop more efficient methods of break investigation and resolution

• Daily queue oversight including quality assurance checks, mapping/data change approvals, and appropriate management of escalations.

• Appropriately escalate key risk scenarios and effectively navigate the firm to ensure proper management awareness of critical issues across the break population

• Participate in development and implementation of Portfolio Reconciliation mandate, research and develop expertise in the applicable regulatory requirements

• Plan and execute projects under Sr. Manager's direction, key focus on continuous improvement (lean/waste identification) to improve processes from a client service, risk management and efficiency perspective

• Career coaching and individual one on ones with direct reports, will take primary lead on formal performance review processes throughout the year as well as contribute to promotion decisions for direct reports

• Daily team manager oversight ensuring deadlines are being met across the group for BAU (business as usual) functions as well as administrative tasks to keep the team well organized/functioning

• Grow with the team; develop a deeper understanding of complex derivative transactions and work with our business partners to progress reconciliation break investigation and resolution.

SKILLS & EXPERIENCE WE’RE LOOKING FOR

• Bachelor’s degree with a minimum of 5 years of experience in financial services.

• Experience managing/leading people and coaching junior team members from a career development perspective

• Proven analytical skills, problem solving ability, and a control mentality paired with meticulous attention to detail.

• Aptitude for building relationships and ability to communicate complex issues to a wide array of internal clients with differing levels of product experience.

• 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.

• Flexible and able to work well under pressure in a team environment.

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

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