Collateral Management Associate - London

Job description

Job Summary & Responsibilities

YOUR IMPACT

An Associate within Collateral Management will primarily be focused on the
mitigation of counterparty credit risk through the performance of and reengineering
of a number of operational processes. The role calls for strong Collateral
Management or Derivatives experience. Associate will be expected to perform these
functions as well as demonstrating innovation and a proactive approach, highlighting
inefficiencies, risks and implementing improvements. In addition, the Associate will
be expected to provide a high level of service to their clients.

The role will involves close partnership and interaction with a wide range of areas,
including Credit Risk Management, Legal and Compliance, Sales, Trading, Risk
Management and other Operations Departments. As a result the successful
candidate will be required to possess strong communication skills.
Collateral Management, part of Margin, Valuations & Pricing Operations sits within
the Goldman Sachs Liquidity Collateral & Optimization organization. A global, multi
faceted and cross product function, the primary objective of the department is the
mitigation of counterparty credit risk through the active monitoring of clients’
derivative and securities financing portfolios.  Collateral Management is currently
+100 staff strong in  globally, with regions in Salt Lake City, New York, London,
Bangalore and Singapore working closely together.

OUR IMPACT

The team have a rare opportunity to support products and business ranging from
foreign exchange, commodities, credit, Equity, Interest Rates, Repo,
Insurance/Pensions and bespoke structured derivatives and arrangements. The team
manages a wide range of complex processes, with members developing skills and
competencies around derivative & security products and their respective business
areas, legal agreements, technology flows and regulations.

Daily tasks include, but are not limited to:
• Providing oversight across the team on the status of Issuance, Bookings & Controls
• Providing Training an Coaching to the team to continue upskilling the Analysts
• Becoming  1st point of escalation to Clients
• Resolution and escalation of all client disputes and regulatory queries
• New client on-boarding
• Liaison with internal groups (Credit, Sales, Trading, Middle office, Legal, Front Office, Settlements, and Corporate Treasury) to resolve collateral issues
• Reconciliation of portfolios
• Collateral Optimization
• Monthly Interest and coupon settlement
• Performing a number of control functions, ensuring the integrity of our processes

Basic Qualifications
• Ability to generate creative solutions to problems and challenge processes; be willing to dig into the detail to resolve issues
• Some experience of portfolio reconciliations and processing of margin calls would be desirable
• Confidence to interact with external clients
• Strong organizational skills and the ability to cope with rapidly changing prioritiesthroughout the day are essential
• Familiarity with/ability to learn Excel macros and other functions

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
• 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