What are the responsibilities and job description for the Asset & Wealth Management Operations-New York-Associate-Pre-Trade Management position at Goldman Sachs?
Job Description
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.
A career with Goldman Sachs Asset & Wealth Management “AWM” is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world’s leading asset managers with over $2 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions and building meaningful relationships with your clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset & Wealth Management provides clients around the world with a dedicated partnership and focus on long-term performance. As primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors, and individuals.
OUR IMPACT
AWM Operations delivers asset management and wealth management capabilities to clients around the world. We are a multi-faceted group that partners with all areas of the AWM Division to support evolving markets and business requirements. Alongside that vital service delivery role, AWM Operations provides essential risk management and control. 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.
As a member of the Pre-Trade Management team, the team member will be primarily responsible for coordinating and managing the opening and maintenance of derivative trading lines and markets with brokers to support the launch and ongoing management of GSAM Funds and Separate Account Mandates.
The role involves building strong internal relationships with key contacts within the AWM business, compliance, legal and other operations teams; as well as the opportunity to work closely with our external dealers. The ability to manage multiple deliverables, prioritize, meet deadlines and communicate to all levels of the organization is critical to this role. Ability to navigate legal documents as well as local regulatory requirements is key skills for this role.
How You Will Fulfill Your Potential
SKILLS & EXPERIENCE WE’RE LOOKING FOR
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
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
Salary Range
The expected base salary for this New York, New York, United States-based position is $80000-$135000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here .
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.
A career with Goldman Sachs Asset & Wealth Management “AWM” is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world’s leading asset managers with over $2 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions and building meaningful relationships with your clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset & Wealth Management provides clients around the world with a dedicated partnership and focus on long-term performance. As primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors, and individuals.
OUR IMPACT
AWM Operations delivers asset management and wealth management capabilities to clients around the world. We are a multi-faceted group that partners with all areas of the AWM Division to support evolving markets and business requirements. Alongside that vital service delivery role, AWM Operations provides essential risk management and control. 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.
As a member of the Pre-Trade Management team, the team member will be primarily responsible for coordinating and managing the opening and maintenance of derivative trading lines and markets with brokers to support the launch and ongoing management of GSAM Funds and Separate Account Mandates.
The role involves building strong internal relationships with key contacts within the AWM business, compliance, legal and other operations teams; as well as the opportunity to work closely with our external dealers. The ability to manage multiple deliverables, prioritize, meet deadlines and communicate to all levels of the organization is critical to this role. Ability to navigate legal documents as well as local regulatory requirements is key skills for this role.
How You Will Fulfill Your Potential
- This is a highly interactive role and as such requires the capability to work effectively with a diverse range of professionals both internally and externally, covering a wide variety of products and functions.
- Work with external dealers to provide the necessary documentation and information to allow them to conduct credit review and open derivative trading lines
- Partner with GSAM trading desks to understand investment and trading strategies to be able to provide suitable trading line coverage
- Work closely with Legal, once they negotiate legal documents to support the operational set up of accounts with trading counterparties
- Build a comprehensive understanding of the GSAM legal documents and structure – e.g. IMAs, ISDAs, GMRAs
- Identify potential risks in operational processes; develop and implement controls to mitigate risk
- Analyze, suggest and execute process improvements
- Coordinate controls and sign-offs both internally and externally
- Managing relationships with key trading counterparts including performance metrics and issue tracking
SKILLS & EXPERIENCE WE’RE LOOKING FOR
- Bachelor’s degree with a minimum of one to 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.
- Credit, onboarding, account management experience strongly preferred
- Attention to Detail
- Knowledge of derivatives products
- Excellent Verbal and Written Communication Skills
- Ability to Manage multiple deliverables and prioritize accordingly to meet completing deadlines
- Sound understanding of Risk – operational, reputational, client confidentiality
- Basic understanding of regulatory landscape
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
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
Salary Range
The expected base salary for this New York, New York, United States-based position is $80000-$135000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here .
Salary : $80,000 - $135,000
