Asset & Wealth Management Operations - Collateral and Margin - Associate - Bengaluru
3 weeks ago
ASSET & WEALTH MANAGEMENT OPERATIONS
Across Wealth Management, Goldman Sachs helps empower clients and customers around the world to reach their financial goals. Our advisor-led wealth management businesses provide financial planning, investment management, banking and comprehensive advice to a wide range of clients, including ultra-high net worth and high net worth individuals, as well as family offices, foundations and endowments, and corporations and their employees. Our consumer business provides digital solutions for customers to better spend, borrow, invest, and save. Across Wealth Management, our growth is driven by a relentless focus on our people, our clients and customers, and leading-edge technology, data and design.
OPERATIONS
Operations is a dynamic, multi-faceted function that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.
Private Wealth Management (PWM) Operations supports Private Wealth Management, which is responsible for advising wealthy individuals on strategies to build and protect their financial assets through highly customized advice and service. PWM Operations is instrumental in meeting our clients' needs and is responsible for the development, service delivery and control of global private banking; proprietary and open architecture alternative investment vehicles; derivatives trading; bookkeeping, accounting, performance measurement and reporting of Goldman-custodied assets and away-custodied assets; multiple externally managed account platforms; and multiple custody services.
YOUR IMPACT
Our Margin Lending team is looking for a professional to play a key role in safeguarding the client and Firm’s risk with respect to facilitating margin for
OUR IMPACT
The PWM Margin Lending team’s primary responsibility is to ensure clients’ accounts remain within exposure limits, and to the extent clients’ have exceeded their available borrowing capacity, ensuring that actions are taken to bring the client’s account back within their limit. One key function 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. Separately, the team works on a variety of different projects that focus on enhancements to manual processes, system uplift to increase scale, and inquiry processing on the back of client requests.
Calculation and issuance of margin calls for PWM clientele.
Validating and ensuring all margin calls are issued on a timely basis.
Responding to all incoming queries and interacting with many different areas of the bank, in particular with Risk, Credit and Technology.
Proactively working on enhancing the team’s process and controls.
Resolution and escalation of all client disputes and queries.
Project and initiative management and participation within the team and across all regions
JOB SUMMARY & RESPONSIBILITIES
Demonstrate the ability to constantly apply sound business judgment in order to manage magin requirements for our clients Perform validations and calculations to ensure all margin calls are issued on a timely basis Develop a profound understanding of Financial Instruments and market knowledge involving country specific requirements and translate this knowledge to day-to-day responsibilities Engage in opportunities to review processes, analyze information, make decisions and recommendations and implement and monitor procedures Becoming commercially aware and understand the nature of the business you are involved in while at the same time ensuring all Goldman Sachs Settlement standards are constantly being met Displaying a strong ability to influence the PWM Business by serving as a liaison between risk, credit teams. Develop strong working relationships with Technology to help address technology-related issues and prioritize various projects/initiatives, Support system development through specification, user testing and integrationBASIC QUALIFICATIONS
Bachelor's degree required 3 - 5 years of work experience in Operations/ Finance or related field Proficiency using the Microsoft Office Suite in particular Excel, PowerPoint and Microsoft WordPREFERRED QUALIFICATIONS
Strong organizational and multi-tasking skills to balance competing priorities and meet deadlines. Exceptional understanding of products, risks, controls and escalations process across Operations. Excellent problem solving skills; comfort dealing with large datasets and strong numerical aptitude. Motivated, enthusiastic and career focused. Strong motivation to succeed, both as an individual and as a team. Desire for continued improvement and new challenges, both on a business and personal level. Excel skills an advantage. Excellent communication and interpersonal skills with a strong appreciation of client service. 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 /careers.
We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.
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