Asset Management - Trade Management Team - Associate
Dallas, TX, USA | Goldman Sachs
Functions:Financial Services Professional
Job Description:104 people have viewed this job
MORE ABOUT THIS JOB
Operations is a dynamic, multi-faceted division 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.
RESPONSIBILITIES AND QUALIFICATIONS
Goldman Sachs Asset Management (GSAM) is the investment management arm of the firm. GSAM Operations provides service delivery and risk management in order to create a rigorous control environment for the investment management process. It consists of three broad functional areas, Trade Management, Portfolio Data & Control, and Client Management.
The Trade Management team has primary responsibility of mitigating risk for all aspects of trade flow, settlement risk management, collateral management and counterparty liaison. The group has extensive interaction with the trading desks, technology, brokers and clients to ensure effective oversight for existing business and also to shape and implement solutions for new products, strategies and systems.
Specifically, the role involves:
Supporting traders and portfolio managers across various asset management businesses.
Trade & payment confirmation / instruction.
Monitor daily reconciliations between various trading systems.
Interface with the Trading and brokers to resolve day to day issues and ensure efficient settlement of trading activity.
Problem solving capability for complex trade flow, accounting issues and trade discrepancies.
Process analysis to improve control, scalability and efficiency. .
Providing project management leadership and/or support for new and existing products, with an emphasis on co-operation with Information Technology for the development and enhancement of processes and systems.
Building relationships with outside financial institutions (brokers, custodians, prime broker and fund administrator) to improve quality and productivity of work, integrating best practices as appropriate.
Providing regular and ad hoc management information on STP rates, risks and volumes.
Proactively identifying opportunities and enhancements to improve functions.
Maintain team procedures and provide regular management reporting to senior Operations managers and the business.
At least 2 year of professional experience.
At least 2 year of professional experience with financial products, knowledge in one, or more, derivative/core products with an interest to expand into other areas.
Preference of at least 2 year asset management or middle office experience (experience or solid understanding of Private Investments/Bank Loan confirmations/settlements or related trade support functions preferred).
Understanding of industry agenda & platforms (e.g. DTC, SWIFT, FED, Trade Warehouse, IHS Markit: ClearPar, WSO, Loan Platforms and Counterparty Manager) is a plus.
Fail trade/payment investigation experiences preferred.
Experience in broker and/or client facing activities.
Capability to prioritize and work under pressure in a fast-paced environment.
Proactive, self-motivated individual with high levels of ownership, and driven to achieve.
Demonstrates ability to independently troubleshoot and resolve most common problems that arise.
Demonstrates ability to apply re-engineering methodologies to processes and execute solutions.
Demonstrate ability to identify inter-relationships and understand the broad impacts of work and projects across the organization.
Possesses excellent communication skills and attention to detail.
Strong interest in Operations and asset management trade support and/or middle office.
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