Job
Description
WEALTH MANAGEMENT Across Wealth Management, Goldman Sachs helps empower clients and customers around the world to reach their financial goals. Our advisor-led wealth management businesses provide financial planning, investment management, banking and comprehensive advice to a wide range of clients, including ultra-high net worth and high net worth individuals, as well as family offices, foundations and endowments, and corporations and their employees. Our consumer business provides digital solutions for customers to better spend, borrow, invest, and save. Across Wealth Management, our growth is driven by a relentless focus on our people, our clients and customers, and leading-edge technology, data and design. OPERATIONS Operations is a dynamic, multi-faceted function 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. YOUR IMPACT Does capital market trades enthuse you Our Asset Transfer Settlement Group is looking for a professional to play a key role in safeguarding the client and Firm's risk with respect to facilitating and managing trade positions and settlement. OUR IMPACT Operations is a dynamic, multi-faceted division that partners with all areas of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. Alongside this vital service delivery role, Operations provides essential risk management and control, preserving and enhancing the firm's assets and its reputation. For every trade agreed, every new product launched or market entered, every transaction completed, it is Operations that develops the processes and controls that makes business flow. Operations span all product lines and markets, serving as internal business partners who develop the processes and controls, and help to specify the systems that deliver accuracy, timeliness and integrity to our business. The Asset Transfer Settlement Group handles incoming and outgoing transfer requests for PWM/PB/GSEC clients.The team envisions to lead the industry by delivering the best transfer experience for our clients, internal business partners and contra firms.The interaction will include laising with internal sales team reps, settlement groups, inventory management teams and brokers across the street. This function forms an integral part of our business by working to identify synergies that balance the business, client and regulatory needs. BUSINESS UNIT OVERVIEW Private Wealth Management (PWM) Operations supports Private Wealth Management, which is responsible for advising wealthy individuals on strategies to build and protect their financial assets through highly customized advice and service. PWM Operations is instrumental in meeting our clients needs and is responsible for the development, service delivery and control of global private banking; proprietary and open architecture alternative investment vehicles; derivatives trading; bookkeeping, accounting, performance measurement and reporting of Goldman-custodied assets and away-custodied assets; multiple externally managed account platforms; and multiple custody services. HOW YOU WILL FULFILL YOUR POTENTIAL An integral part of this role includes processing client account transfer requests and internal /external contact. Demonstrate the ability to constantly apply sound business judgment in order to manage trade positions, firm exposure and settlements The processing aspect encompasses a detailed review of assets to transfer and coordinsation with both client and other financial institutions to ensure the expedient receipt/deliver of assets. Perform transfer processing, settlement and funding processes for various entities of Goldman Sachs (GSCO, GSI) enforcing regulations and Goldman Sachs policies Develop a profound understanding of Financial Instruments and market knowledge involving country specific requirements and translate this knowledge to day-to-day responsibilities Engage in opportunities to review processes, analyze information, make decisions and recommendations and implement and monitor procedures Becoming commercially aware and understand the nature of the business you are involved in while at the same time ensuring all Goldman Sachs Settlement standards are constantly being met Displaying a strong ability to influence the PWM Business by serving as a liaison between Asset managers, Brokers, Compliance, Sales teams and Securities Division Develop strong working relationships with Technology to help address technology-related issues and prioritize various projects/initiatives, Support system development through specification, user testing and integration SKILLS & EXPERIENCE WE ARE LOOKING FOR BASIC QUALIFICATIONS Bachelor's degree required Maximum an year of work experience in Operations or related field Maximum an year of work experience in Finance or related field Proficiency using the Microsoft Office Suite in particular Excel, PowerPoint and Microsoft Word PREFERRED QUALIFICATIONS Candidate must be proactive, enthusiastic and team oriented Ability to prioritize and make decisions in a fast-paced environment Accuracy and attention to detail and strong organizational skills Strong written and verbal communication skills Strong analytical and data skills Good understanding of the financial industry and financial instruments Ability to multi-task with high accountability and due deligence In-depth knowledge of trade settlement process (Preferred)
