Global Banking & Markets Operations-New York-Associate-Ready To Margin

The Goldman Sachs Group; New York (NY); On-site; USD 80,000 - 140,000; Full time

Job summary

Goldman Sachs is seeking an MCVO operations professional to mitigate counterparty credit risk through a range of operational processes and proactive improvements. You will interact with Credit Risk Management, Legal, Sales, Trading, and other teams, delivering high-quality service to clients while driving efficiencies and enhancing controls.

The role emphasizes documentation review, SSI setup, collateral configuration, and collaboration across engineering for scalable enhancements.

Qualifications

• Derivatives documentation experience (ops docs, middle office, or derivatives legal)
• Familiarity with ISDA Master Agreements and NY/UK CSAs
• Ability to break down legal docs into operational data
• Strong understanding of regulatory areas like UMR, FINRA, Brexit impacts
• Skill in tracing data flows across systems to diagnose breaks
• Hands-on with AcadiaSoft and TriOptima tools and SSI setup

Responsibilities

• Review and analyze ISDA Master Agreements, CSAs, and other master docs, identifying material clauses and risk terms.
• Translate complex legal language into structured data for credit, legal, and margin systems.
• Serve as the review/approval checkpoint before terms flow downstream.
• Own SSI setup for cash and securities, including alert/non-alert and third-party accounts.
• Configure collateral accounts and work across platforms like Acadia and TriOptima.
• Collaborate with Legal, Credit, Middle Office, Trading, and Risk to resolve issues and improve processes.
• Identify operational risks and design robust controls; resolve regulatory exceptions.

Skills

Derivatives docs

ISDA/CSAs

Legal data extraction

Regulatory knowledge

Data flow tracing

AcadiaSoft/TriOptima

Attention to detail

Control orientation

Verbal/written comms

Self-starter

Multitasking

Tools

AcadiaSoft

TriOptima

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 investmentbanking, 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.

We have Collateral Management (Cleared and non-cleared), Portfolio Reconciliation , Margin Lending and Ready to Margin which are part of Margin, Collateral Valuations Operations (MCVO) sits within the Goldman Sachs Operations 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, prime brokerage, GS execution & clearing, derivatives clearing and securities financing portfolios.

Products supported include foreign exchange, commodities, credit, equity, interest rate and bespoke structured derivatives. 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.

JOB SUMMARY AND RESPONSBILITIES

An employee within MCVO will primarily be focused on the mitigation of counterparty credit risk through the performance of a number of operational processes. They will be expected to perform these functions as well as demonstrating innovation and a proactive approach, highlighting inefficiencies, risks and implementing improvements. In addition, they will also be expected to provide a high level of service to their clients.

The role will involve close interaction with a wide range of areas of the bank including Credit Risk Management, Legal and Compliance, Sales, Trading, Controllers, Middle Office, Client Representatives, Central Clearing Services 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 employees develop a broad level of understanding across the varied departmental functions carried out. You can expect to be given early responsibility and in return you will be expected to contribute your own ideas to make a difference and add value to the group.

Some specific set of responsibilities are -

Documentation Review & Digitization

• Review and analyze ISDA Master Agreements, CSAs, and other master documentation, identifying material clauses and key risk terms.
• Translate complex legal language into structured data, capturing terms (simple to highly structured) into our Credit, Legal, and Margin systems.
• Serve as the review and approval checkpoint before terms flow into downstream pricing, confirmation, collateral, and regulatory platforms.

Client Onboarding & Settlement Setup

• Own the setup of client Standard Settlement Instructions (SSIs) for cash and securities, including Alert, Non-Alert, third-party, and tri-party custodian accounts.
• Configure collateral accounts and work across platforms such as Acadia and TriOptima.

Cross-Functional Partnership

• Collaborate with Legal, Credit, Middle Office, Trading, Sales, Corporate Treasury, and Risk to resolve issues and unlock opportunities.
• Partner with Engineering to resolve system breaks and drive scalable enhancement

Risk, Controls & Continuous Improvement

• Identify operational risks and design robust controls to mitigate them.
• Ensure prompt resolution of regulatory exceptions (UMR, FINRA and SEC and more).
• Streamline workflows, build metrics with the global team, and contribute to new product reviews to ensure scalable support.

SKILLS / RELEVANT EXPERIENCE

• Derivatives documentation experience - Ops documentation, drafting, middle office, or derivatives legal background.
• Strong familiarity with ISDA Master Agreements, schedules, and NY/UK law CSAs.
• Ability to deconstruct legal documentation into operational data components.
• Solid understanding of regulations such as UMR, FINRA, and Brexit-related changes and their margining implications.
• Skill in tracing data flows across systems to diagnose and resolve breaks.
• Hands-on experience with AcadiaSoft, TriOptima, SSI setup (Alert/Non-Alert), and tri-party custodian onboarding
• Detail-obsessed with a zero-defect mindset.
• Strong control orientation and sound judgment on when to elevate.
• Excellent verbal and written communication - comfortable drafting documentation and engaging internal stakeholders.
• A self-starter who thrives both independently and as part of a collaborative global team.
• Skilled at multitasking, prioritizing, and continuously learning

Functional & Technical Excellence

• Stay ahead of the curve - keep pace with evolving business, economic, and market trends that shape our industry.
• Bring strong technical and analytical skills, an eye for detail, and the initiative to continuously deepen your expertise.

Drive & Ownership

• Juggle multiple priorities with energy and focus.
• Set ambitious goals, push through obstacles, and take ownership of your own growth and performance.

Client & Business Focus

• Build trusted, long-term relationships with internal and external clients.
• Navigate difficult requests with poise, help clients articulate their needs, and set clear expectations.

Teamwork & Collaboration

• Be the kind of teammate others want to work with - collaborative across teams, inclusive of diverse voices, and quick to recognize others' contributions.

Clear, Compelling Communication

• Cut through complexity and communicate what matters - clearly, concisely, and with purpose.
• Share knowledge and ideas generously across the organization

Judgment & Problem Solving

• Think ahead - anticipate questions, plan for contingencies, and identify alternative solutions.
• See the big picture while dissecting complex issues with rigor.

Creativity & Innovation

• Challenge the status quo. Look for smarter ways to work and design creative, practical solutions that deliver real value.

Influencing Outcomes

• Build persuasive, well-reasoned cases for your ideas.
• Take a stand on the issues that matter and influence outcomes through sound rationale and credible 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

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.

Salary Range

The expected base salary for this New York, NY, United States-based position is $80000-$140000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits

Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.