At a Glance
- Tasks: Mitigate counterparty credit risk and enhance process efficiency in a dynamic team.
- Company: Join Goldman Sachs, a leading global investment banking firm.
- Benefits: Competitive salary, diverse work environment, and opportunities for growth.
- Other info: Embrace a culture of equality, diversity, and inclusion.
- Why this job: Make an impact by driving innovation and collaborating with global teams.
- Qualifications: Experience with derivatives documentation and strong analytical skills required.
The predicted salary is between 55000 - 65000 € per year.
This role focuses on mitigating counterparty credit risk within the MCVO team, involving document review, client onboarding, cross‑functional partnership and continuous improvement of risk controls.
The MCVO team, part of the Operations organization, manages collateral, margin, and counterparty exposure across foreign exchange, commodities, credit, equity, interest rate and bespoke structured derivatives. It works closely with teams in New York, London, Singapore, and Salt Lake City.
Job Summary and Responsibilities
- Perform operational tasks that mitigate counterparty credit risk and enhance process efficiency.
- Maintain high‑level client service while identifying and driving innovation.
- Collaborate with Credit Risk Management, Legal and Compliance, Sales, Trading, Controllers, Middle Office, Client Representatives, Central Clearing Services and other Operations departments.
- Contribute ideas to add value to the group and support cross‑training initiatives.
Documentation Review & Digitization
- Review and analyze ISDA Master Agreements, CSAs and related documents to identify key risk terms.
- Translate complex legal language into structured data for Credit, Legal and Margin systems.
- Serve as the approval checkpoint before terms flow into downstream pricing, confirmation, collateral and regulatory platforms.
Client Onboarding & Settlement Setup
- 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.
Cross‑Functional Partnership
- Collaborate with Legal, Credit, Middle Office, Trading, Sales, Corporate Treasury and Risk teams to resolve issues and unlock opportunities.
- Partner with Engineering to resolve system breaks and drive scalable enhancements.
Risk, Controls & Continuous Improvement
- Identify operational risks and design robust controls to mitigate them.
- Ensure prompt resolution of regulatory exceptions (UMR, FINRA, SEC and others).
- Streamline workflows, build metrics with the global team, and contribute to new product reviews.
Skills / Relevant Experience
- Derivatives documentation experience (Ops, drafting, middle office or 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.
- Skill 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 and strong control orientation.
- Excellent verbal and written communication – comfortable drafting documentation and engaging stakeholders.
- A self‑starter who thrives independently and in a collaborative global team.
- Skilled at multitasking, prioritizing and continuously learning.
Competencies
- Functional & Technical Excellence: Stay ahead of business, economic and market trends. Bring strong technical and analytical skills, an eye for detail and a drive to deepen expertise.
- Drive & Ownership: Juggle multiple priorities with energy and focus. Set ambitious goals and take ownership of growth and performance.
- Client & Business Focus: Build trusted, long‑term relationships with internal and external clients. Navigate difficult requests with poise and set clear expectations.
- Teamwork & Collaboration: Collaborate across teams, value diverse voices and recognize contributions.
- Clear, Compelling Communication: Communicate clearly, concisely and with purpose. Share knowledge and ideas generously across the organization.
- Judgment & Problem Solving: Anticipate questions, plan contingencies and identify alternative solutions. Balance big‑picture thinking with rigorous analysis of complex issues.
- Creativity & Innovation: Challenge the status quo and design creative, practical solutions that deliver value.
- Influencing Outcomes: Build persuasive, well‑reasoned cases for ideas and influence outcomes through credible recommendations.
Equality, Diversity & Inclusion
Goldman Sachs is an Equal Employment Opportunity Employer and does not discriminate on the basis of age, race, colour, gender, national origin, disability, veteran status, or any other basis prohibited by applicable law. We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.
GBM - Public Dept - London - Associate - Margin, Collateral Valuations Operations employer: Goldman Sachs
Goldman Sachs is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. Employees benefit from comprehensive training programs, opportunities for professional growth, and a strong commitment to diversity and inclusion, making it a rewarding place to build a career in finance. The MCVO team fosters a culture of continuous improvement and teamwork, ensuring that every associate can contribute meaningfully while developing their skills in a supportive atmosphere.
StudySmarter Expert Advice🤫
We think this is how you could land GBM - Public Dept - London - Associate - Margin, Collateral Valuations Operations
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those who work at firms you're interested in. A friendly chat can open doors and give you insights that job descriptions just can't.
✨Tip Number 2
Prepare for interviews by practising common questions related to risk management and collateral operations. We recommend doing mock interviews with friends or using online platforms to get comfortable with your responses.
✨Tip Number 3
Showcase your problem-solving skills! During interviews, share specific examples of how you've tackled challenges in past roles. This will demonstrate your ability to think critically and innovate, which is key for this position.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're genuinely interested in joining our team.
We think you need these skills to ace GBM - Public Dept - London - Associate - Margin, Collateral Valuations Operations
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 skills that match the job description. We want to see how you can bring value to our MCVO team!
Showcase Your Communication Skills:Since this role involves a lot of collaboration, emphasise your verbal and written communication abilities. Share examples of how you've effectively engaged stakeholders or simplified complex information in the past. We love clear and compelling communicators!
Demonstrate Your Problem-Solving Skills:We’re looking for self-starters who can juggle multiple priorities. Include instances where you've identified operational risks or streamlined processes. Show us how you think critically and creatively to solve problems!
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensure you’re considered for the role. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Goldman Sachs
✨Know Your Documentation
Familiarise yourself with ISDA Master Agreements and CSAs before the interview. Be ready to discuss how you would approach reviewing these documents and translating complex legal terms into operational data. This shows your understanding of the role and your attention to detail.
✨Showcase Your Collaboration Skills
Prepare examples of how you've successfully worked with cross-functional teams in the past. Highlight specific instances where you resolved issues or improved processes by collaborating with different departments, as this is crucial for the role.
✨Demonstrate Your Problem-Solving Ability
Think of a time when you faced a significant operational risk or challenge. Be ready to explain how you identified the issue, the steps you took to mitigate it, and the outcome. This will illustrate your judgment and problem-solving skills.
✨Communicate Clearly and Confidently
Practice articulating your thoughts clearly and concisely. During the interview, focus on communicating your ideas effectively, especially when discussing technical concepts. This will help you build rapport with the interviewers and demonstrate your strong communication skills.
