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- Tasks: Mitigate counterparty credit risk and improve operational processes in a dynamic banking environment.
- Company: Join a leading bank with a focus on innovation and collaboration.
- Benefits: Gain early responsibility, develop skills, and enjoy a supportive team culture.
- Other info: Opportunity for cross-training and career growth in a fast-paced setting.
- Why this job: Make a real impact by enhancing client service and driving operational improvements.
- Qualifications: Experience in derivatives documentation and strong communication skills required.
The predicted salary is between 50000 - 70000 £ per year.
An employee within MCVO will primarily be focused on the mitigation of counterparty credit risk through the performance of a number of operational processes. They will be expected to perform these functions as well as demonstrating innovation and a proactive approach, highlighting inefficiencies, risks and implementing improvements. In addition, they will also be expected to provide a high level of service to their clients. The role will involve close interaction with a wide range of areas of the bank including Credit Risk Management, Legal and Compliance, Sales, Trading, Controllers, Middle Office, Client Representatives, Central Clearing Services and other Operations Departments. As a result, the successful candidate will be required to possess strong communication skills. We promote cross training and ensure our employees develop a broad level of understanding across the varied departmental functions carried out. You can expect to be given early responsibility and in return you will be expected to contribute your own ideas to make a difference and add value to the group.
Some specific set of responsibilities are:
- Review and analyze ISDA Master Agreements, CSAs, and other master documentation, identifying material clauses and key risk terms.
- Translate complex legal language into structured data, capturing terms (simple to highly structured) into our Credit, Legal, and Margin systems.
- Serve as the review and approval checkpoint before terms flow into downstream pricing, confirmation, collateral, and regulatory platforms.
- Own the setup of client Standard Settlement Instructions (SSIs) for cash and securities, including Alert, Non-Alert, third-party, and tri-party custodian accounts.
- Configure collateral accounts and work across platforms such as Acadia and TriOptima.
- Collaborate with Legal, Credit, Middle Office, Trading, Sales, Corporate Treasury, and Risk to resolve issues and unlock opportunities.
- Partner with Engineering to resolve system breaks and drive scalable enhancement.
- Identify operational risks and design robust controls to mitigate them.
- Ensure prompt resolution of regulatory exceptions (UMR, FINRA and SEC and more).
- Streamline workflows, build metrics with the global team, and contribute to new product reviews to ensure scalable support.
SKILLS / RELEVANT EXPERIENCE:
- Derivatives documentation experience— Ops documentation, drafting, middle office, or derivatives legal background.
- Strong familiarity with ISDA Master Agreements, schedules, and NY/UK law CSAs.
- Ability to deconstruct legal documentation into operational data components.
- Solid understanding of regulations such as UMR, FINRA, and Brexit-related changes and their margining implications.
- Skill in tracing data flows across systems to diagnose and resolve breaks.
- Hands-on experience with AcadiaSoft, TriOptima, SSI setup (Alert/Non-Alert), and tri-party custodian onboarding.
- Detail-obsessed with a zero-defect mindset.
- Strong control orientation and sound judgment on when to elevate.
- Excellent verbal and written communication— comfortable drafting documentation and engaging internal stakeholders.
- A self-starter who thrives both independently and as part of a collaborative global team.
- Skilled at multitasking, prioritizing, and continuously learning.
COMPETENCIES:
- Functional & Technical Excellence: Stay ahead of the curve— keep pace with evolving business, economic, and market trends that shape our industry. Bring strong technical and analytical skills, an eye for detail, and the initiative to continuously deepen your expertise.
- Drive & Ownership: Juggle multiple priorities with energy and focus. Set ambitious goals, push through obstacles, and take ownership of your own growth and performance.
- Client & Business Focus: Build trusted, long-term relationships with internal and external clients. Navigate difficult requests with poise, help clients articulate their needs, and set clear expectations. Be the kind of teammate others want to work with — collaborative across teams, inclusive of diverse voices, and quick to recognize others' contributions. Cut through complexity and communicate what matters — clearly, concisely, and with purpose. Share knowledge and ideas generously across the organization.
- Judgment & Problem Solving: Think ahead— anticipate questions, plan for contingencies, and identify alternative solutions. See the big picture while dissecting complex issues with rigor.
- Creativity & Innovation: Challenge the status quo. Look for smarter ways to work and design creative, practical solutions that deliver real value. Build persuasive, well-reasoned cases for your ideas. Take a stand on the issues that matter and influence outcomes through sound rationale and credible recommendations.
GBM - Public Dept - London - Associate - Margin, Collateral Valuations Operations London · Unit[...] employer: Goldman Sachs Bank AG
Contact Detail:
Goldman Sachs Bank AG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land GBM - Public Dept - London - Associate - Margin, Collateral Valuations Operations London · Unit[...]
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with potential colleagues on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and the role thoroughly. Understand their values, recent news, and how your skills align with their needs. This will help you stand out and show that you're genuinely interested.
✨Tip Number 3
Practice your communication skills! Since this role involves a lot of interaction with various departments, being able to articulate your thoughts clearly and confidently is key. Consider mock interviews with friends or mentors to sharpen your delivery.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace GBM - Public Dept - London - Associate - Margin, Collateral Valuations Operations London · Unit[...]
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the role. Highlight your experience with derivatives documentation and any relevant operational processes. We want to see how your skills align with what we’re looking for!
Show Off Your Communication Skills: Since strong communication is key in this role, don’t shy away from showcasing your verbal and written skills. Use clear and concise language in your application to demonstrate your ability to communicate effectively.
Highlight Your Problem-Solving Abilities: We love candidates who can think critically and solve problems. Share examples of how you've tackled challenges in previous roles, especially those related to operational risks or regulatory exceptions.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re proactive—just what we like to see!
How to prepare for a job interview at Goldman Sachs Bank AG
✨Know Your Documentation
Make sure you brush up on ISDA Master Agreements and CSAs before the interview. Being able to discuss specific clauses and their implications will show that you understand the complexities of derivatives documentation, which is crucial for this role.
✨Showcase Your Communication Skills
Since strong communication is key in this position, practice articulating your thoughts clearly and concisely. Prepare examples of how you've effectively communicated with different teams or clients in the past, as this will demonstrate your ability to collaborate across departments.
✨Demonstrate Problem-Solving Abilities
Think of scenarios where you've identified operational risks or inefficiencies and how you addressed them. Be ready to discuss your thought process and the outcomes, as this will highlight your proactive approach and judgment skills.
✨Emphasise Your Client Focus
Prepare to talk about how you've built relationships with clients in previous roles. Share specific examples of how you've navigated difficult requests or set clear expectations, showcasing your ability to maintain a client-centric mindset while juggling multiple priorities.