Job Description

At Goldman Sachs, we connect people, capital and ideas to help solve problems for our clients. We are a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. For us, it’s all about bringing together people who are curious, collaborative and have the drive to make things possible for our clients and communities.

YOUR IMPACT

The IB Operations Finance and Control team has an opportunity for an experienced Associate.  The team is responsible for the management of firmwide expense balances and global IB revenue, allowing for direct P&L and recoverability impact.

This role allows for exposure to senior leaders of the firm, leveraging communication and negotiation skills to drive positive conversations and outcomes.  The role entails close interaction with other teams, including IB Finance, Controllers, broader Investment Banking teams, and Technology, resulting in a thorough understanding of the front to back deal life cycle.

The Associate will focus on risk management and control, analyzing data and outputting reporting, driving recovery of project expenses, and serving as oversight of junior members on the team. The role requires a strong ability to multitask and compartmentalize in an extremely fast paced environment with high expectations.

The candidate will help drive IB Operations’ process improvement initiatives across multiple business lines and will leverage automation to enhance reporting and streamline procedures.

OUR IMPACT

Operations is a dynamic, multi-faceted area that partners with all parts of the firm to deliver banking, sales and trading, and asset management capabilities to clients around the world. In addition, Operations provides essential risk management and control to preserve and enhance the firm’s assets and its reputation. For every trade agreed, every new product launched, every new market entered, or every transaction completed, it is Operations that develops the processes and controls that make business flow.

The Finance & Control Team is responsible for the proper recognition of IB advisory fees, billing of expenses, settlement of financing payments, and overall maintenance of the expense balance sheet to create maximum recovery for the division's bottom line.  In addition, the team monitors the balance sheet of deal-related expenses to promote recoverability and seeks to reduce P&L exposure by reserving for losses related to non-recoverable expenses.

HOW YOU WILL FULFILL YOUR POTENTIAL

• Build and maintain strong relationships with IB Bankers, Industry CFOs, Business Unit Leaders and Business Unit Managers and ensure their queries are appropriately addressed
• Review advisory related transactions at all stages in the lifecycle to determine recoverability of transaction costs
• Work with IB bankers to settle financing related expenses with other syndicate banks
• Work closely with Controllers to ensure fees are accurately reflected on the firm’s books and records
• Grow and challenge a talented group of individuals at varying stages of their career
• Become a subject matter expert to mitigate risk and drive efficiencies
• Establish new controls for IB Operations by partnering with Technology to design, build, and operate in a straight through processing (STP) environment
• Review current processes and recommend improvements to reduce risk and or increase efficiency
• Collaborate with our technology and business partners to enhance systems and workflows
• Provide data analysis and management reporting

SKILLS & EXPERIENCE WE’RE LOOKING FOR

BASIC QUALIFICATIONS

• Bachelor degree required
• Ability to effectively and extensively interact with all levels (from entry level analysts through managing directors)
• Ability to work in a deadline driven environment
• Strong communication, presentation, and relationship management skills
• Extreme attention to detail and organizational skills
• Risk and control awareness and experience of taking responsibility both locally and globally. 
• Self-starter (i.e. after initial managerial direction, candidate is able to develop their own workflow and manage resources accordingly)
• Proven process re-engineering skills
• Be highly collaborative and team-oriented
• Effective analytical ability

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 

Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.

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