• Operations - Treasury Services - Associate - Dallas

    Location(s) US-TX-Dallas
    Job ID
    2020-59912
    Schedule Type
    Full Time
    Level
    Associate
    Function(s)
    Operations
    Region
    Americas
    Division
    Operations
    Business Unit
    Treasury Services
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    OPERATIONS

    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

    OPERATIONS

    Operations is a dynamic, multi-faceted division that partners with all areas of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. Alongside this vital service delivery role, Operations provides essential risk management and control, preserving and enhancing the firm’s assets and its reputation. Operations span all product lines and markets, serving as internal business partners who develop the processes and controls, and help to specify the systems that deliver accuracy, timeliness and integrity to our business. We aim to build a modern and digital-first transaction banking solution to serve our clients. Our business combines the strength, heritage, and expertise of a 150-year-old firm with the agility and entrepreneurial spirit of a tech start-up. Our goal is to provide a best-in-class digital product that helps clients to succeed by giving them a holistic view of their business. Through the use of modern technology built on the cloud, we are the alternative to legacy platforms. We’re a team of diverse experts helping our clients to build the future of their Treasury.

    YOUR IMPACT

    You are looking to join a fast-paced, dynamic team that has broad connectivity across the firm for a franchise critical process. You will collaborate with cross-Federation teams and across the globe to manage the firm’s cash payments and receipts each day. You have a strong desire to learn about the firms different businesses and how they support our client and manage business risks, as well as work closely with a network of key banks and internal payments team to ensure smooth execution. 

    OUR IMPACT

    Treasury Services is a global, multi-faceted and cross product team within Operations. The primary objective of the team is to deliver smooth payments execution and reconciliation, and tying it back to tight ledger integrity. Treasury Services have regional presence in Salt Lake City, New York, London, Warsaw, Bangalore and Singapore. Treasury Services serves as the firm’s central bank for processing and managing all incoming and outgoing cash movements, and monitoring transactions for compliance to legal and regulatory requirements. Our team also works actively in the payment regulation and payment infrastructure space. Treasury Operations partners with Transaction Banking Operations to provide front to back services to transaction banking clients around the world in services including execution of payments and exception management. For every new product launched and every client on-boarded it is Operations that develops and enables business flow.

    HOW YOU WILL FULFILL YOUR POTENTIAL

    • Understand business needs, elicit, agree and document the requirements for payment schemes and processes surrounding them
    • Be solution orientated and work in in an agile environment to build our Payments strategy, including self-clear and 3rd party cash management services
    • Help design and establish appropriate payment functions globally to support the Transaction Banking Settlements clearing processes including payment risk management, investigation and repair functions, and firm/customer funding flows
    • Work with the business to resolve cash settlement exceptions / issues and FX unwinds
    • Actively assist to develop an overall payments strategy as the industry evolves alongside our business needs

    SKILLS AND EXPERIENCE WE’RE LOOKING FOR

    BASIC QUALIFICATIONS

    • 3-5 years of professional and relevant payments experience
    • Expertise Technical knowledge of payments scheme requirements i.e. CHAPS, BACS, FPS, Target 2, SEPA,  SWIFT and general cash management is expected
    • Proficient in payment messaging formats (ISO 20022 and 15022 standards)
    • Prior work experience in an evolving industry change is a plus
    • BA/BS degree

    PREFERRED QUALIFICATIONS

    • Candidate must be proactive, enthusiastic and team oriented
    • Ability to remain composed under pressure
    • Ability to prioritize and make decisions in a fast-paced environment
    • Accuracy and attention to detail
    • Strong client service orientation
    • Strong written and verbal communication skills
    • Adapt to new changes and new challenges
    • Strong analytical skills
    • Well-developed organizational skills

    ABOUT GOLDMAN SACHS

    The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

    © The Goldman Sachs Group, Inc., 2020. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.

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