Client Associate

Global Banking & Markets Operations-Cleared Collateral Management-Salt Lake City-Associate location_on Salt Lake City, UT, United States 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. Operations is a dynamic, multi-faceted space 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. Functions within the Cleared Collateral Operations team include the day to day oversight, control framework and risk management for matters pertaining to collateral and margin both for the firm and firm clients. This includes the mitigation of risk of multiple critical business processes that span the life cycle of derivative and futures products and have potential risk of ramifications for the Firm if performed incorrectly. The individual is responsible for daily mark to market activity, collateral settlement and risk management across our clients and the different Clearing Counterparties (CCPs). In addition, the individual is responsible to assist managers and the team in performing and providing oversight for the following responsibilities: Assist in the resolve of items related to counterparty risk exposure and prioritization of open items including the booking/recalling of cash or securities; exposure to firm and clients; approvals of payments to ensure accuracy and appropriateness. Identify and propose strategic procedural enhancements to improve efficiency and mitigate risk and drive the implementation of those approved and prioritized. Provide assistance in the implementation of strategic enhancements including development of operation requirements, testing and thought leadership resulting from efficiency opportunities, regulatory changes, mitigation of risk, etc. Provide start of day work allocation and risk assessment for the exceptions to management Conduct training to increase knowledge depth Perform daily client and firm collateral and margining activities Review and confirm settlement of payments and position transfers internally and with external brokers Provide end of day open risk exposure reports to management Partner with technology on resolving exceptions which require adjustments 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. 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. Healthcare & Medical Insurance We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance. We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year. Financial Wellness & Retirement We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities. Health Services We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the‑art on‑site health centers in certain offices. Fitness To encourage employees to live a healthy and active lifestyle, some of our offices feature on‑site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre‑approved amount). Child Care & Family Care We offer on‑site child care centers that provide full‑time and emergency back‑up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available. Benefits at Goldman Sachs Read more about the full suite of class‑leading benefits our firm has to offer. #J-18808-Ljbffr