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Asset and Wealth Management- Multi-Asset Solutions Operations- Associate- New York

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Goldman Sachs

Dec 17, 2024

Applications are closed

  • Job
    Full-time
    Mid Level
  • Accounting & Tax
    Banking & Finance
  • New York

Requirements

  • 3+ years of professional experience, working within an Asset Management within Operations or Accounting
  • Proficient in Microsoft Office, specifically Word, Excel, and PowerPoint
  • Bachelor’s degree
  • Be highly collaborative, team-oriented and strong consensus builder
  • Attention to detail and ability to work to tight deadlines under pressure and to provide practical solutions
  • Demonstrate strong communication and interpersonal skills both written and oral

Responsibilities

  • Holistic ownership and understanding of client accounts from a GSAM Operations perspective by coordinating client events and issues across all operations teams and business partners, and act as a single point of contact for GSAM Operations
  • Liaise with client’s appointed counterparties (custodian, prime broker etc.) to enable connectivity, establish operational flows and respond to service requests and inquiries.
  • Ensure accounting data accuracy, and provide monthly sign-off in order to create an controlled environment for investment management process.
  • Proactively review indicators of operational issues/concerns with the goal of resolving such issues before client impact
  • Review account level metrics (i.e. reconciling items on cash/position reconciliations, daily corporate actions, NAV Reconciliations, failing trades, standard/non-standard reporting deliverables) as defined by operating standards and research, escalate, remediate exceptions as appropriate
  • Providing effective thought leadership in navigating evolving financial regulatory landscape and helping to develop technological solutions to build appropriate architecture

FAQs

What is the primary function of the Multi-Asset Solutions Operations team?

The primary function of the Multi-Asset Solutions Operations team is to oversee all aspects of portfolio accounting, cash management, client reporting, and serve as the single point of contact for all operations-related client inquiries for Multi-Asset Solutions clients.

What types of clients does the Multi-Asset Solutions team work with?

The Multi-Asset Solutions team works with a diverse range of clients, including corporations, sovereign wealth funds, pension plans, governments, financial institutions, endowments, and foundations.

What qualifications are required for this position?

The position requires 3+ years of professional experience in Asset Management Operations or Accounting, proficiency in Microsoft Office (particularly Word, Excel, and PowerPoint), a bachelor’s degree, and strong communication and interpersonal skills.

What are the key responsibilities of the role?

Key responsibilities include holistic ownership of client accounts, liaising with custodians and prime brokers, ensuring accounting data accuracy, reviewing operational metrics, resolving operational issues proactively, and providing thought leadership on regulatory and technological developments.

Is previous experience mandatory for applicants?

Yes, the job requires at least 3 years of professional experience in Asset Management Operations or Accounting.

How important is attention to detail in this role?

Attention to detail is crucial as the role involves ensuring data accuracy, resolving exceptions, and providing practical solutions under tight deadlines.

What is the salary range for this position?

The expected base salary for this position ranges from $80,000 to $135,000, and there may be eligibility for a discretionary bonus if you are an active employee at the fiscal year-end.

What benefits does Goldman Sachs offer for this position?

Goldman Sachs offers valuable and competitive benefits and wellness offerings for full-time and part-time US employees who work at least 20 hours per week, though specific details can be found on their benefits page.

What skills are emphasized for this position?

The position emphasizes collaboration, strong communication, attention to detail, and the ability to work well under pressure.

Will training be provided for new hires?

While specific details on training are not mentioned, companies typically provide onboarding and training to help new hires acclimate to their roles and responsibilities.

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Goldman Sachs

Finance
Industry
10,001+
Employees
1869
Founded Year

Mission & Purpose

Goldman Sachs is a global investment banking, securities, and investment management firm. They offer a range of financial services to corporations, financial institutions, governments, and individuals. Goldman Sachs' primary activities include investment banking, asset management, securities trading, and providing advisory services. Their ultimate mission is to be a leading global financial institution, providing superior financial expertise and solutions to their clients. The purpose of Goldman Sachs is to help their clients achieve their financial goals, manage risk, and navigate complex markets. They aim to drive economic growth, foster innovation, and create long-term value for their clients, shareholders, and the communities they operate in. Goldman Sachs is committed to upholding the highest standards of integrity, professionalism, and client service, serving as a trusted partner and advisor in the world of finance.

Culture & Values

  • Partnership

    We prioritize collaboration and believe in the strength of the collective, creating a culture that fosters teamwork and belonging in the pursuit of professional and personal growth.

  • Client Service

    We lead with a service mindset, working to earn our clients’ trust and exceed their expectations by understanding and overdelivering on their goals.

  • Integrity

    We hold ourselves accountable to the highest ethical standards, insisting on transparency and vigilance from our people as we learn from our experiences and make decisions that instill a sense of pride in our firm.

  • Excellence

    We aspire to nothing less than excellence, striving for exceptional performance and superior results for our clients, our shareholders, and our communities.

Benefits

  • Holiday and Vacation Policies

    We offer competitive vacation policies based on employee level and office location. This is in addition to any number of statutory and public holidays as determined by each office. 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

    The firm provides a number of resources and offerings designed to help our employees achieve their personal financial goals. 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 — from buying a home, to navigating market volatility and investments, legacy and estate planning, tax strategies, and will preparation.

  • 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.

  • Childcare / Family Care

    In some offices, 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.

  • Flexible Working

    Based on manager approval, the following arrangements may be available to help employees meet their personal and family responsibilities: part-time schedules, job sharing, telecommuting, and alternate hours.