At a Glance
- Tasks: Collaborate with teams to manage collateral and mitigate credit risk in a dynamic environment.
- Company: Join Goldman Sachs, a leading global investment banking firm.
- Benefits: Competitive salary, diverse opportunities, and a supportive work culture.
- Other info: Embrace a culture of innovation and continuous learning.
- Why this job: Make an impact in finance while developing your skills in a fast-paced setting.
- Qualifications: 2-3 years of relevant experience and strong Excel skills required.
The predicted salary is between 50000 - 70000 £ per year.
Business Unit Overview
Collateral Management (Cleared and non-cleared), Portfolio Reconciliation, Margin Lending and Ready to Margin are part of Margin, Collateral Valuations Operations (MCVO) within Goldman Sachs Operations. The primary objective of the department is to mitigate counterparty credit risk through active monitoring of clients’ derivative, prime brokerage, GS execution & clearing, derivatives clearing and securities financing portfolios. Products supported include foreign exchange, commodities, credit, equity, interest rate, repo and bespoke structured derivatives. The team manages a wide range of complex processes, developing skills around derivative & security products, business areas, legal agreements, technology flows and regulations.
Responsibilities
- Partner with professionals from Credit Risk Management, Legal and Compliance, Sales, Trading, Risk Management and other Operations Departments.
- Identify and propose solutions to improve operations; demonstrate value to the team.
- Monitor client portfolios daily, issuing and receiving collateral calls to mitigate firm’s credit risk.
- Interact extensively with clients to resolve disputes, queries and perform new client onboarding.
- Liaise with internal groups (Credit, Sales, Trading, Middle office, Legal, Front Office, Settlements, Corporate Treasury) to resolve collateral issues.
- Reconcile portfolios and perform collateral optimization.
- Perform monthly interest and coupon settlement.
- Execute control functions ensuring process integrity.
- Perform inter‑company margining, including NPV control validation and applying relevant regulations across jurisdictions.
- Execute margin calculation, exception and collateral settlement approval processing, and SIMM calculations.
Qualifications
- 2‑3 years of experience in identifying and proposing solutions and presenting them to management.
- Willingness to dive into details to resolve operational and client‑specific issues.
- Experience interacting with external clients and coordinating with cross‑functional teams.
- Adaptability to internal and external changes, including market conditions requiring immediate action.
- Proficiency in Excel, including macros, vlookup and VBA.
Competencies
- Functional & Technical Excellence – Stay ahead of evolving business trends; bring strong technical and analytical skills.
- Drive & Ownership – Manage multiple priorities with energy and focus; set ambitious goals and take ownership of growth and performance.
- Client & Business Focus – Build trusted relationships, navigate difficult requests with poise, collaborate across teams, communicate clearly, and share knowledge generously.
- Judgment & Problem Solving – Anticipate questions, plan contingencies, and identify alternative solutions.
- Creativity & Innovation – Challenge the status quo, develop smarter ways to work, build persuasive cases for ideas, and influence outcomes through sound rationale.
Equal Opportunity
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.
Global Banking & Markets- OTC and Repo Collateral Management, Associate- London employer: Goldman Sachs Group, Inc.
Goldman Sachs is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. Employees benefit from extensive professional development opportunities, a strong focus on diversity and inclusion, and the chance to work alongside industry leaders in a fast-paced, client-focused setting. With a commitment to excellence and a culture that encourages creativity and problem-solving, Goldman Sachs provides a rewarding career path for those looking to make a significant impact in the global banking and markets sector.
StudySmarter Expert Advice🤫
We think this is how you could land Global Banking & Markets- OTC and Repo Collateral Management, Associate- London
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We think you need these skills to ace Global Banking & Markets- OTC and Repo Collateral Management, Associate- London
Some tips for your application 🫡
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How to prepare for a job interview at Goldman Sachs Group, Inc.
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Goldman Sachs Group, Inc..
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Since this is a full-time position, employers at Goldman Sachs Group, Inc. will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Goldman Sachs Group, Inc. employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
