Job
Description
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/CSA and other Master documentation; Determine material clauses and identify key risks in documentation. Develop a comprehensive understanding of the Legal and Credit workflow and systems. Liaise with Legal, Credit, Middle Office, Trading/Sales/Strategists, Corporate Treasury, Collateral and other internal GS teams on issues. Work closely with IT to identify/resolve system issues, and implement system enhancements to increase efficiency in current processes. Identify potential risks in operational processes; develop and implement controls to mitigate risk. Analyze and improve workflow to improve operational efficiency. Work with the global team to produce reports and build metrics. Working on Ad hoc issues with internal MCVO teams Performing a number of control functions, ensuring the integrity of our processes Review and approval of management and regulatory reports Participate in all new product reviews to ensure they can be supported in a scalable way. BASIC QUALIFICATIONS Ability to break down and fully understand documentation and parse into constituent components. Attention to detail goal of zero defect in work product. Ability to work independently as well as be part of an interactive team. Ability to multi-task and prioritize. Strong control orientation Good problem-solving skills/judgment including ability to identify issues that require escalation Excellent verbal and written communication role require a lot of interaction with internal clients as well as drafting process documentation. Self-starter who will push themselves to learn. PREFERRED QUALIFICATIONS Functional Expertise - Keeps up to date with emerging business, economic, and market trends Technical Skills - Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills having knowledge in OTC Derivatives, Collateral Management or Uncleared Margin Rules is a good-to-have Drive and Motivation - Successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks. Client and Business Focus - Effectively handles difficult requests, builds trusting, long-term relationships with clients, helps the client to identify/define needs and manages client/business expectations. Teamwork Gives evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others contributions. Communication Skills - Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with others. Judgment and Problem solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyses complex issues. Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value This position description is intended to describe the duties most frequently performed by an individual in this position. It is not intended to be a complete list of assigned duties but to describe a position level. The role shall be performed within a professional office environment. Goldman Sachs has health and safety polices that are available for all workers upon request. There are no specific health risks associate with the role. Influencing Outcomes - Presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences others opinions and presents persuasive recommendations.
