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GBM - Public - Derivatives Collateral Management Analyst -
Frankfurtlocation_onFrankfurt, Hessen, Germany
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Opportunity Overview
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CORPORATE TITLEAnalyst
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OFFICE LOCATION(S)Frankfurt
assignment
JOB FUNCTIONRegional Operations Support
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DIVISIONGlobal Banking & Markets
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JOB SUMMARY & RESPONSIBILITIES

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.

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.

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 globally, with regions in
Salt Lake City, New York, London, Bangalore, Warsaw, Frankfurt and Singapore
working closely together.

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.

PRINCIPAL DUTIES & RESPONSIBILITIES

An Analyst within Collateral Management will primarily be focused on the
mitigation of counterparty credit risk through the performance of a number of
operational processes. Analyst 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 analyst
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.

We promote cross training and ensure our Analyst develop a broad level of
understanding across the varied departmental functions carried out. You can
expect to be given early responsibilities and in return you will be expected to
contribute your own ideas to make a difference and add value to the group.

Daily tasks include, but are not limited to:

 * Daily monitoring of client portfolios, issuing & receiving collateral calls
   to ensure the firm’s credit risk is mitigated:
 * Extensive interaction with Clients.
 * Resolution and escalation of all client disputes and 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.
 * Problem and break resolution.
 * Performing a number of control functions, ensuring the integrity of our
   processes.

In addition to their core responsibilities, Analyst are also expected and
encouraged to be involved with a number of projects.

BASIC QUALIFICATION

 * 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.
 * Flexible to manage differing challenges and ever-increasing complex nature of
   transactions
 * Confidence to interact with external clients
 * Ability to learn quickly in a fast moving environment. Team oriented approach
   to sharing workload and leverage skill sets
 * Strong organizational skills and the ability to cope with rapidly changing
   priorities throughout the day are essential
 * Strong attention to detail and the ability to keep track of a large and
   varied workload
 * Familiarity with/ability to learn Excel macros and other functions

PREFERRED QUALIFICATION

 *  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
 * 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
 * Judgement 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
 * Influencing Outcomes - Presents sound, persuasive rationale for ideas or
   opinions. Takes a position on issues and influences others' opinions and
   presents persuasive recommendations
    

ABOUT GOLDMAN SACHS
 
At Goldman Sachs, we commit our people, capital and ideas to help our clients,
shareholders and the communities we serve to grow. Founded in 1869, we are a
leading global investment banking, securities and investment management firm.
Headquartered in New York, we maintain offices around the world. 

We believe who you are makes you better at what you do. We're committed to
fostering and advancing diversity and inclusion in our own workplace and beyond
by ensuring every individual within our firm has a number of opportunities to
grow professionally and personally, from our training and development
opportunities and firmwide networks to benefits, wellness and personal finance
offerings and mindfulness programs. Learn more about our culture, benefits, and
people at GS.com/careers. 

We’re committed to finding reasonable accommodations for candidates with special
needs or disabilities during our recruiting process. Learn more:
https://www.goldmansachs.com/careers/footer/disability-statement.html

 © The Goldman Sachs Group, Inc., 2024. All rights reserved. Goldman Sachs is an
equal employment/affirmative action employer
Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity
We Offer Best-In-Class Benefits

Healthcare & Medical Insurance
We offer a wide range of health and welfare programs that vary depending on
office location. These generally include medical, dental, short-term disability,
long-term disability, life, accidental death, labor accident and business travel
accident insurance.

Holiday & Vacation Policies
We offer competitive vacation policies based on employee level and office
location. We promote time off from work to recharge by providing generous
vacation entitlements and a minimum of three weeks expected vacation usage each
year.

Financial Wellness & Retirement
We assist employees in saving and planning for retirement, offer financial
support for higher education, and provide a number of benefits to help employees
prepare for the unexpected. We offer live financial education and content on a
variety of topics to address the spectrum of employees’ priorities.

Health Services
We offer a medical advocacy service for employees and family members facing
critical health situations, and counseling and referral services through the
Employee Assistance Program (EAP). We provide Global Medical, Security and
Travel Assistance and a Workplace Ergonomics Program. We also offer
state-of-the-art on-site health centers in certain offices.

Fitness
To encourage employees to live a healthy and active lifestyle, some of our
offices feature on-site fitness centers. For eligible employees we typically
reimburse fees paid for a fitness club membership or activity (up to a
pre-approved amount).

Child Care & Family Care
We offer on-site child care centers that provide full-time and emergency back-up
care, as well as mother and baby rooms and homework rooms. In every office, we
provide advice and counseling services, expectant parent resources and
transitional programs for parents returning from parental leave. Adoption,
surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs
Read more about the full suite of class-leading benefits our firm has to offer.
Learn More
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