Position Control

Goldman Sachs Bank AG; Dallas (TX); On-site; USD 150,000 - 190,000; Full time

Job summary

Goldman Sachs Asset Management seeks a Vice President for Portfolio Control Reconciliations in Dallas, responsible for ensuring accurate books across GSAM and risk counterparties, driving timely account onboarding, portfolio accounting, cash management, and client reporting.

You will collaborate with portfolio managers and operations teams to maintain accurate NAV and books of records, while managing risk and improving controls.

Qualifications

• 8–10 years of experience in Operations and/or Financial Services, preferably Asset Management.
• Relevant bachelor’s degree; MBA is a plus.
• Ability to lead across team members and drive assignments to completion.
• Strong communication skills both verbal and written; ability to influence.
• Track team performance and identify improvements to close gaps.
• Strong understanding of accounting principles, NAV/Fund Accounting.
• Experience with Private Credit and Alternatives product suites.
• In-depth knowledge of bank loan products and their lifecycle.
• Familiarity with portfolio accounting systems (InvestOne) and related tooling.
• Strong analytical, critical thinking, and problem-solving abilities.

Responsibilities

• Execute and manage daily processes and activities in portfolio control.
• Collaborate with portfolio managers and operations teams to ensure accurate NAV and reconciliations.
• Investigate position differences between GSAM books and admin/ABOR systems.
• Lead the team daily; respond to queries per SLA.
• Work with functions to resolve issues impacting positions, cash, NAV and performance.
• Assess new accounting platform solutions for data integrity and functionality.
• Identify efficiencies to mitigate risk and drive scale in operations.
• Develop accounting standards to meet business needs.
• Build knowledge of accounting across the division and oversee custodian relations.
• Keep abreast of industry trends to improve controls and client experience.

Skills

Leadership

Communication skills

Excel proficiency

Analytical thinking

Problem solving

multitasking

Independent work

Education

Bachelor's degree

MBA

Tools

InvestOne (FIS Investment Accounting Manager)

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

Job description

Asset & Wealth Management Operations - Goldman Sachs Asset Management Operations - Portfolio Control - Accounting Reconciliation – Dallas - Vice President location_on Dallas, TX, United States

Your Impact

The Asset Management Division is made up of Goldman Sachs Asset Management (GSAM) and Goldman Sachs’ Merchant Bank which brings together Goldman Sachs’ primary long term principal investing capabilities with the traditional money managing arm of the firm to offer a full suite of world‑class investment solutions to the firm’s clients. A career with Goldman Sachs Asset Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world's leading asset managers with over $2 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions and building meaningful relationships with your clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long‑term performance. As primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors, and individuals.

Job Summary & Responsibilities

Portfolio Control Reconciliations sits within Investing Operations and has primary responsibility of ensuring accuracy of GSAM’s and Risk counterpart’s books of accounting. By ensuring accuracy and timeliness of data, we facilitate the business in achieving desired objectives for all aspects of account onboarding, portfolio accounting, cash management, client reporting. These functions cover a wide range of clients and a complex product range, which include equities, fixed income, currency, and derivatives. The group supports portfolio managers, sales, and client relationship professionals by providing accurate/timely position, cash balance reporting, exception management and overseeing all aspects of operational risk across portfolios. This involves extensive interaction with internal and external parties to ensure effective oversight for existing business and also to shape and implement solutions for new clients, GS’s own funds, products, strategies, and system architecture. The group continues to focus on best in‑class client experience and working closely with the business to maintain and enhance client relationships. You will obtain a comprehensive knowledge of products, markets, and market related setups. You will also drive initiatives and provide solutions that will have an impact on client experience, Regulatory requirements, and risk mitigation.

Responsibilities and Qualifications

This is a highly technical role and as such requires ability to work effectively with a diverse group of professionals both internally and externally on wide variety of products and functions to solve for operational efficiency. The main areas of responsibility will be

• Effectively execute and manage the daily processes and activities.
• Partner with portfolio managers and Operation teams (Trade Management, Data and pricing, Controllers, Services, Client onboarding and Reporting) to make sure internal accounting system reflects accurate holdings/NAV and ensure external books of records at Admins aligns with GSAM
• Investigate position differences between GSAM and Fund Admin/Accounting agents by reconciling Investment manager books vs ABOR
• Manage the team daily, ensuring all queries are responded in accordance with SLA
• Work closely with functional teams to resolve issues which directly impact positions, cash, realized Gain‑Loss, portfolio manager trading, NAV, and After‑tax performance of client’s report
• Analyzing new accounting platform solutions to assess accounting capabilities and system functionality to ensure data integrity and accuracy
• Identifying efficiencies and areas for improvement within operations for accounting to mitigate risk, reduce manual efforts, and drive scale
• Creating, maintaining and reviewing accounting standards to manage the business needs
• Developing a thorough knowledge of accounting across division
• Coverage and oversight of custodian and fund administrators to maximize potential value delivery across the firm
• Develop knowledge of industry trends, competitive landscape and capabilities to facilitate business, increase efficiencies, improve controls and enhance client experience

Preferred Qualifications

• 8-10 years of experience in Operations and/or Financial Services Industry, preferably Asset Management
• Relevant bachelor’s degree with an excellent academic record; MBA a plus
• Ability to lead across team members and drive assignments to completion
• Strong communication skills both verbal and written. Ability to create influence and impact
• Track team performance and morale and identify areas of improvement to help resolve any gaps
• Strong understanding of theoretical and technical nature of accounting principles, NAV / Fund Accounting
• Experience with Private Credit and Alternatives product suites
• In-depth knowledge of Bank loan products and their operational lifecycle
• Familiarity with FIS Investment Accounting Manager (formerly InvestOne) or any other portfolio accounting systems
• Strong analytical skills, critical thinking, problem solving, and able to recommend long‑term solutions
• Prudent judgement on risk management, impact to client experience, and the ability to elevate as needed.
• Ability to work independently, multitask and adapt in a fast‑paced environment to deliver results
• Experience working across multiple business areas and/or functions to deliver results
• Advanced skills in Microsoft Excel, Word, PowerPoint, and ability to present to senior management

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short‑term disability, long‑term disability, life, accidental death, labor accident and business travel accident insurance.

We offer competitive vacation policies based on employee level and office location. 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

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.

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.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on‑site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre‑approved amount).

Child Care & Family Care

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.

Benefits at Goldman Sachs

Read more about the full suite of class‑leading benefits our firm has to offer.