At a Glance
- Tasks: Lead the design and management of innovative liquidity solutions for clients.
- Company: Goldman Sachs is a global leader in investment banking and financial services.
- Benefits: Enjoy diverse opportunities for growth, wellness programs, and a commitment to inclusion.
- Why this job: Join a dynamic team shaping the future of transaction banking with cutting-edge technology.
- Qualifications: 7+ years in Liquidity Product Management; strong communication and collaboration skills required.
- Other info: Be part of a 150-year legacy while working in a fast-paced, tech-driven environment.
The predicted salary is between 72000 - 108000 £ per year.
TRANSACTION BANKING (TxB)
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.
RESPONSIBILITIES AND QUALIFICATIONS
The Liquidity Solutions Product Manager role is responsible for defining, implementing and managing the Liquidity Solutions product set and strategy. They will own the full lifecycle of the product, including design, execution commercialization and portfolio management. They will partner closely with technology leads to define and create new products and features, document requirements for design and engineering partners, and collaborate with Sales on a go-to-market plan that aligns with business goals. They will also work closely with Operations and the Federation (Risk, Compliance, Controllers etc) to monitor the performance of the products and to measure and manage the risk. The role is heavily focussed on new product development, feature enhancement and risk mitigation. Finally, as a product and industry expert, the role supports Sales in training, preparation of thought leadership pieces, preparation of client materials and by accompanying them on complex pitches.
The Team
The Liquidity Solutions product team is responsible for developing innovative cash management solutions including cash concentration, virtual accounts, and notional pooling. We are thought leaders, bringing new ideas and insights to clients to help them achieve a leaner, smarter treasury.
Core Responsibilities:
- Product and feature design
- Documentation of clear user stories and acceptance criteria to collaborate, direct, and inform Design and Technology resources
- Partnership with Engineering on product development
- Product commercialization including go-to-market strategy
- Preparation and maintenance of product guides and training
- Sales and Operations training
- Preparation and maintenance of marketing materials
- Product performance monitoring and management
- Risk identification and management
- Design of solutions to meet client needs
- Attendance at client meetings and pitches
- Acting as subject matter expert in liquidity products and cash management solutions
- Understanding the current liquidity products industry landscape, including current trends
Preferred Qualifications:
- Bachelor\’s Degree or military experience
- At least 7 years\’ experience in Liquidity Product Management or a related role
- Experience in designing, building and rolling out new liquidity products and owning the process from start to finish
- Knowledge of regulatory landscape related to Liquidity
- Understanding of risks and mitigants related to Liquidity products and solutions
- Extremely strong presentation and communication skills,
- Team player with ability to collaborate with business and cross-divisional partners
- Self-motivated individual interested in a fast-paced and rapidly evolving organization
- Commitment to excellence and integrity
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: The Goldman Sachs Group, Inc., 2023. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity
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Transaction Banking - London - Vice President - Product Management employer: Goldman Sachs
Contact Detail:
Goldman Sachs Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Transaction Banking - London - Vice President - Product Management
✨Tip Number 1
Familiarize yourself with the latest trends in liquidity products and cash management solutions. This knowledge will not only help you understand the industry landscape but also enable you to engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the transaction banking space, especially those who have experience in product management. Attend industry events or webinars to connect with potential colleagues and learn from their experiences.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed product lifecycles in the past. Highlight your experience in designing and rolling out new liquidity products, as this will demonstrate your capability for the role.
✨Tip Number 4
Showcase your strong presentation and communication skills by practicing your pitch. Be ready to explain complex concepts clearly and concisely, as this is crucial for collaborating with cross-divisional partners and supporting sales efforts.
We think you need these skills to ace Transaction Banking - London - Vice President - Product Management
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the Vice President - Product Management position in Transaction Banking. Tailor your application to highlight relevant experiences that align with these requirements.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience in Liquidity Product Management or related roles. Provide specific examples of how you've designed, built, and rolled out new liquidity products, showcasing your ability to manage the full product lifecycle.
Showcase Communication Skills: Given the importance of strong presentation and communication skills in this role, include examples in your application that demonstrate your ability to effectively communicate complex ideas and collaborate with cross-divisional partners.
Tailor Your Application: Customize your cover letter to reflect your understanding of Goldman Sachs' commitment to diversity and inclusion, as well as your alignment with their values. Mention how your background and experiences contribute to a diverse workplace.
How to prepare for a job interview at Goldman Sachs
✨Understand the Product Lifecycle
Make sure you can discuss the full lifecycle of liquidity products, from design to commercialization. Be prepared to share examples of how you've managed product development in your previous roles.
✨Showcase Your Collaboration Skills
Highlight your experience working with cross-functional teams, especially with technology and sales. Prepare to discuss specific instances where your collaboration led to successful product outcomes.
✨Demonstrate Industry Knowledge
Stay updated on current trends in liquidity products and cash management solutions. Be ready to discuss how these trends could impact the company's strategy and product offerings.
✨Prepare for Risk Management Questions
Since risk identification and management are crucial for this role, prepare to discuss your understanding of risks associated with liquidity products and how you've mitigated them in the past.