• Portfolio Reconciliations and Client Valuations- Associate – Warsaw

    Location(s) PL-Warsaw
    Job ID
    2020-60145
    Schedule Type
    Full Time
    Level
    Associate
    Function(s)
    Operations
    Region
    EMEA
    Division
    Operations
    Business Unit
    Port Rec & Valuations Ops
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    YOUR IMPACT


    Are you looking to apply your quantitative skills while deepening your understanding of derivative products while working in a fast paced and collaborative atmosphere? Our Portfolio Reconciliation and Valuations team is seeking a professional who is looking to collaborate with traders, Sales, Controllers, Credit and other Operations teams to mitigate risks associated with collateral disputes and reporting of trade differences across OTC derivative transactions.

     

    RESPONSIBILITIES AND QUALIFICATIONS

    OUR IMPACT


    Operations is a dynamic, multi-faceted division that partners with all parts of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. In addition, Operations provides essential risk management and control to preserve and enhance the firm’s assets and its reputation. 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.


    Portfolio Reconciliation within the broader Margin, Collateral, and Valuations team is a fast-paced and dynamic team which supports all areas of the firm dealing with funding, cash movement, collateral and margin management and pricing. The team also interacts with all areas of Operations giving members a unique perspective into the various business lines of the firm while impacting all business streams.

     

    The Portfolio Reconciliation and Valuations Team falls under the broader MCVO (Margin, Collateral and Valuations business unit) within Securities Division Operations.


    Portfolio Reconciliation and Valuations is responsible for ensuring the reconciliation of positions is accurate and any discrepancy resolved in a timely manner. The team manages a variety of products (OTC derivatives) and is responsible for ensuring clients and 3rd party reconciliation tools receive their reports on a timely fashion according to their requirements. This is a function in line with Dodd- Frank requirements and is heavily related to the margin rules programme going live in Sept. 2016. The team also provides client valuations to OTC derivative clients and regulatory reporting on a daily basis.

     

    RESPONSIBILITIES

     

    • Liaise with clients in order to track and resolve position discrepancies
    • Consolidate requests in order to communicate pricing and position issues with Controllers, Credit and Middle Office teams
    • Deliver position reports to clients and 3rd party vendors on a timely fashion
    • Constantly recommend and develop more efficient methods of price consolidation and delivery
    • Participate in development and implementation of Portfolio Reconciliation mandate
    • Provide functional oversight and team lead duties while being responsible for driving team-wide initiatives focusing on client service and automation
    • Review and resolve collateral disputes using various firm tools while liaising with clients, trading, Controllers, Credit, etc

     

    HOW YOU WILL FULFILL YOUR POTENTIAL

    • Liaise with clients in order to track and resolve position discrepancies
    • Consolidate requests in order to communicate pricing and position issues with Controllers, Credit and Middle Office teams
    • Deliver position reports to clients and 3rd party vendors on a timely fashion
    • Constantly recommend and develop more efficient methods of price consolidation and delivery
    • Participate in development and implementation of Portfolio Reconciliation mandate
    • Plan and execute projects under Manager's direction
    • Review and resolve collateral disputes using various firm tools while liaising with clients, trading, Controllers, Credit, etc
    • Leverage your quantitative and analytical skills to identify complex dispute drivers across all OTC derivative products and liaise with trading desks and Controllers to resolve
    • Use your inquisitive mindset to identify control weaknesses with respect to process flow methodology as well as develop an understanding of how cash flows and trades are valued and discounted inline with LIBOR and CSA specific methodologies
    • Grow with the team; develop a deeper understanding of complex derivative transactions and work with our business partners to progress to progress collateral dispute investigation and resolution


    SKILLS & EXPERIENCE WE ARE LOOKING FOR


    BASIC QUALIFICATIONS


    • Bachelor’s degree with a minimum of 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
    • Knowledge of OTC derivatives and trade flows will be a significant help

    ABOUT GOLDMAN SACHS

    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 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



    © The Goldman Sachs Group, Inc., 2020. All rights reserved.
    Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

    Options