Job Description

GLOBAL BANKING & MARKETS 

We make markets in and clear client transactions on major stock, options, and futures exchanges worldwide. Through our global sales force, we maintain relationships with our clients, receiving orders and distributing investment research, trading ideas, market information and analysis. 

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

The IBD Operations Finance and Control team has an opportunity for an Analyst & Senior Analyst.  The team is responsible for the management of expense balances and fee recovery for the IBD Division globally. This role gives the opportunity to have a direct impact on the P&L of the division by influencing the amount of fees and expenses recovered.

This role allows for exposure to senior members of the firm, so you will be using your communication and negotiation skills to drive a positive conversation.  The role also requires close interaction with other business and Federation teams supporting Investment Banking, including IBD Finance, Controllers, broader Banking Investing and Lending Operations, and Technology.

The Analyst & Senior Analyst will focus on risk management and control, providing analysis and reporting to management, assisting with the recovery of project expenses, maintaining the syndicate sub ledger, and the settlement of financing transactions.

The ideal candidate will help drive IBD Operations’ process improvement and drive major expense recoverability conversations with Bankers and CFO Group.

OUR IMPACT

Operations is a dynamic, multi-faceted division 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 IBD advisory fees, billing of expenses, settlement of financings, 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.

JOB SUMMARY AND RESPONSBILITIES 

• Build and maintain strong relationships with IBD 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 IBD 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 IBD 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

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

© The Goldman Sachs Group, Inc., 2025. All rights reserved.

Goldman Sachs is an equal employment/affirmative action employer

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