Asset & Wealth Management Operations-Portfolio Control Reconciliations-Dallas-Associate

Job Summary & Responsibilities

Portfolio Control Reconciliations sits within Investing Operations and has primary responsibility of ensuring accuracy of GSAM’s and Risk counterpart’s books of accounting. By ensuring accuracy and timeliness of data, we facilitate the business in achieving desired objectives for all aspects of account onboarding, portfolio accounting, cash management, client reporting. These functions cover a wide range of clients and a complex product range, which include equities, fixed income, currency, and derivatives.

The group supports portfolio managers, sales, and client relationship professionals by providing accurate/timely position, cash balance reporting, exception management and overseeing all aspects of operational risk across portfolios. This involves extensive interaction with internal and external parties to ensure effective oversight for existing business and also to shape and implement solutions for new clients, GS’s own funds, products, strategies, and system architecture.

The group continues to focus on best in-class client experience and working closely with the business to maintain and enhance client relationships. You will obtain a comprehensive knowledge of products, markets, and market related setups. You will also drive initiatives and provide solutions that will have an impact on client experience, regulatory requirements, and risk mitigation.

This is a highly technical role and as such requires ability to work effectively with a diverse group of professionals both internally and externally on wide variety of products and functions to solve for operational efficiency. The main areas of responsibility will be

• Effectively execute and manage the daily processes and activities.
• Partner with portfolio managers and Operation teams (Asset Servicing, Data and pricing, Controllers, Services, Client onboarding and Reporting) to make sure internal accounting system reflects accurate positions, cash, realized Gain-Loss and NAV for client accounts
• Investigate differences in accounting and tax lots with custodians / sponsors and manage exceptions
• Work closely with functional teams to resolve issues which direct impact on tax lots, positions, cash, realized Gain-Loss, portfolio manager trading, and After-tax performance of client’s report
• Analyzing new accounting platform solutions to assess accounting capabilities and system functionality to ensure data integrity and accuracy
• Identifying efficiencies and areas for improvement within operations for accounting to mitigate risk, reduce manual efforts, and drive scale
• Creating, maintaining and reviewing accounting standards to manage the business needs
• Developing a thorough knowledge of accounting across division
• Coverage and oversight of custodian and fund administrators to maximize potential value delivery across the firm
• Develop knowledge of industry trends, competitive landscape and capabilities to facilitate business, increase efficiencies, improve controls and enhance client experience
• Mentor junior team members and build subject matter expertise in derivatives, NAV, and reconciliation frameworks
• Lead training initiatives on product lifecycle, accounting treatment, and reconciliation methodologies

• Relevant bachelor’s degree with an excellent academic record
• 4+ years of experience in Operations and/or Financial Services Industry, preferably in Asset management
• Strong understanding of the theoretical and technical nature of accounting principles and theories including fund accounting, Tax lot accounting, and Net Asset Values
• Extensive understanding of the product lifecycle (Equity, Fixed Income, and other similar financial products)
• Familiarity with FIS Investment Accounting Manager (formerly Invest One) or any other portfolio accounting systems
• Strong analytical skills, critical thinking, problem solving, and able to recommend long-term solutions
• Excellence in risk management and meticulous attention to detail with a sense of urgency / deliver tight deadlines
• Ability to work independently, multitask and adapt in a fast-paced environment to deliver results
• Experience…