Global Banking & Markets Operations- Margin-Salt Lake -Associate Salt Lake

Global Banking & Markets Operations-Ready To Margin-Salt Lake City-Associate  Salt Lake City, UT, United States

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.

We have Collateral Management (Cleared and non-cleared), Portfolio Reconciliation, Margin Lending and Ready to Margin which are part of Margin, Collateral Valuations Operations (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 counter party credit risk through the active monitoring of clients’ derivative, prime brokerage, GS execution & clearing, derivatives clearing and securities financing portfolios.

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.

An employee within MCVO will primarily be focused on the mitigation of counter party 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.

We promote cross training and ensure our employees develop a broad level of understanding across the varied departmental functions carried out. You can expect to be given early responsibility and in return you will be expected to contribute your own ideas to make a difference and add value to the group.

Some specific set of responsibilities are –

• Review and analyze
  ISDA Master Agreements, CSAs, and other master documentation
  , identifying material clauses and key risk terms.
• Translate complex legal language into structured data, capturing terms (simple to highly structured) into our
  Credit, Legal, and Margin systems
  .
• Serve as the
  review and approval checkpoint
  before terms flow into downstream pricing, confirmation, collateral, and regulatory platforms.

• Own the setup ofclient Standard Settlement Instructions (SSIs)for cash and securities, including
  Alert, Non-Alert, third-party, and tri-party custodian accounts.
• Configure collateral accounts and work across platforms such as
  Acadia
  and
  Tri Optima
  .

• Collaborate with
  Legal, Credit, Middle Office, Trading, Sales, Corporate Treasury, and Risk
  to resolve issues and unlock opportunities.
• Partner with
  Engineering
  to resolve system breaks and drive scalable enhancement
• Identify operational risks and design robust controls to mitigate them.
• Ensure prompt resolution of regulatory exceptions(UMR, FINRA and SEC and more).
• Streamline workflows, build metrics with the global team, and contribute tonew product reviewsto ensure scalable support.

• Derivatives documentation experience
  — Ops documentation, drafting, middle office, or derivatives legal background.
• Strong familiarity with
  ISDA Master Agreements, schedules, and NY/UK law CSAs
  .
• Ability to
  deconstruct legal documentation
  into operational data components.
• Solid understanding of…