Portfolio Reconciliations and Client Valuations- Associate – Warsaw

Location(s) PL-Warsaw
Job ID
2020-62107
Schedule Type
Full Time
Level
Associate
Function(s)
Operations
Region
EMEA
Division
Operations
Business Unit
Port Rec & Valuations Ops
Employment Type
Employee

MORE ABOUT THIS JOB

YOUR IMPACT


Are you looking to apply your quantitative skills while deepening your understanding of margin process for various products? Our collateral Management team is seeking a professional who is looking to collaborate with Clients, Credit risk, Sales, Controllers, traders, strategists and structurers to mitigate risks associated with the Collateral management functions

RESPONSIBILITIES AND QUALIFICATIONS

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.

 

Collateral Management, part of Margin, Valuations & Pricing Operations sits within the Goldman Sachs Securities Division 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 and securities financing portfolios. Collateral Management is a global function, with regions in Salt Lake City, New York, London, Frankfurt, Bangalore, Singapore, and Warsaw working closely together. The team has a rare opportunity to support products and business ranging from foreign exchange, commodities, credit, equity, interest rates, repo, insurance/pensions and bespoke structured derivatives and arrangements. 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

 

  • Liaise with clients in order to track and resolve position discrepancies
  • Consolidate requests in order to communicate pricing and position issues with Controllers, Credit and Middle Office teams
  • Deliver position reports to clients and 3rd party vendors on a timely fashion
  • Constantly recommend and develop more efficient methods of price consolidation and delivery
  • Participate in development and implementation of Portfolio Reconciliation mandate
  • Plan and execute projects under Manager's direction
  • Review and resolve collateral disputes using various firm tools while liaising with clients, trading, Controllers, Credit, etc.
  • Leverage your quantitative and analytical skills to identify complex dispute drivers across all OTC derivative products and liaise with trading desks and Controllers to resolve.
  • Use your inquisitive mindset to identify control weaknesses with respect to process flow methodology as well as develop an understanding of how cash flows and trades are valued and discounted inline with LIBOR and CSA specific methodologies.
  • Grow with the team; develop a deeper understanding of complex derivative transactions and work with our business partners to progress to progress collateral dispute investigation and resolution.


SKILLS & EXPERIENCE WE ARE LOOKING FOR


BASIC QUALIFICATIONS

  • Bachelor’s degree with a minimum of three years of experience in financial services. 
  • 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
  • Knowledge of OTC derivatives and trade flows will be a significant help

ABOUT GOLDMAN SACHS

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

© The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.