Collateral & Margin Operations Associate – Global Banking

Goldman Sachs (lateral); Salt Lake City (UT); On-site; USD 90,000 - 130,000; Full time

Job summary

Goldman Sachs in Salt Lake City is seeking an Associate for Collateral and Margin Operations to protect the firm by overseeing daily margin activity across client portfolios and ensuring timely collateral movements. You will collaborate with internal stakeholders to resolve complex issues, calculate SIMM requirements, and support onboarding of new client relationships.

The role emphasizes strong analytical abilities, attention to detail, and the ability to manage multiple priorities in a

Qualifications

• Bachelor's degree in Financial Risk Management, Business Administration, Finance, Accounting, Engineering, or a related field.
• 3–5 years of experience in an operational role within financial services, or in a role involving comparable risk, margin, collateral, or transaction-processing responsibilities.
• Strong analytical and problem-solving skills, with the ability to investigate discrepancies and drive issues through to resolution.
• Ability to manage multiple priorities and execute accurately in a deadline-driven environment.
• Strong written and verbal communication skills, including the ability to engage effectively with clients and stakeholders across different functions.
• Demonstrated attention to detail and commitment to maintaining effective operational controls.
• Ability to work collaboratively across teams while taking ownership of individual responsibilities.

Responsibilities

• Monitor client portfolios and issue or respond to collateral calls to help mitigate the firm's counterparty credit risk.
• Perform margin calculations, investigate exceptions, and complete collateral settlement approval processing.
• Calculate Standard Initial Margin Model, or SIMM, requirements and support associated margin processes.
• Engage directly with clients to resolve collateral disputes, respond to inquiries, and support the onboarding of new client relationships.
• Partner with Credit, Sales, Trading, Legal, Compliance, Middle Office, Front Office, Settlements, Corporate Treasury, and other Operations teams to resolve collateral-related issues.
• Reconcile portfolios, investigate differences, and support collateral optimization activities.
• Complete monthly interest and coupon settlements accurately and within required deadlines.
• Perform control activities that support the integrity, accuracy, and effectiveness of the team's processes.
• Manage intercompany margining activities, including net present value control validation and the application of relevant margin requirements across Goldman Sachs legal entities and jurisdictions.
• Identify process inefficiencies, control gaps, and opportunities for improvement, and develop practical recommendations that enhance scalability, reduce risk, or improve the client experience.
• Analyze complex issues, prioritize competing responsibilities, and elevate risks or exceptions appropriately.
• Build trusted working relationships with clients and internal stakeholders through clear communication, strong judgment, and consistent execution.
• Contribute to a collaborative team environment by sharing knowledge, supporting colleagues, and helping deliver against broader team objectives.

Skills

Analytical skills

Problem solving

Communication skills

Attention to detail

Team collaboration

Education

Bachelor's degree in Financial Risk Management, Business Administration, Finance, Accounting, Engineering

Job description

Goldman Sachs in Salt Lake City is seeking an Associate for Collateral and Margin Operations to protect the firm by overseeing daily margin activity across client portfolios and ensuring timely collateral movements. You will collaborate with internal stakeholders to resolve complex issues, calculate SIMM requirements, and support onboarding of new client relationships.

The role emphasizes strong analytical abilities, attention to detail, and the ability to manage multiple priorities in a