Salt Lake City · · Associate

Goldman Sachs; Salt Lake City (UT); Hybrid; USD 110,000 - 170,000; Full time

Job summary

Goldman Sachs in Salt Lake City seeks an Associate in Collateral and Margin Operations to protect client portfolios and manage margin activity. You will work with clients and internal partners to resolve complex issues, maintain strong controls, and support the flow of business in a fast-paced environment.

You will analyze information, identify risk, and drive issues to resolution while seeking improvements to enhance scalability and client experience.

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 similar risk/margin responsibilities.
• Strong analytical and problem-solving capabilities with attention to detail.
• Ability to manage multiple priorities and meet deadlines.
• Clear written and verbal communication with clients and stakeholders.
• Demonstrated collaboration across teams and ownership of responsibilities.

Responsibilities

• Monitor client portfolios and collateral calls to mitigate counterparty risk.
• Perform margin calculations, investigate exceptions, and approve collateral settlements.
• Support SIMM requirements and related margin processes.
• Engage with clients to resolve collateral disputes and onboard new relationships.
• Coordinate with multiple teams to resolve collateral-related issues and ensure accuracy.
• Reconcile portfolios, investigate differences, and optimize collateral usage.
• Complete monthly interest and coupon settlements within deadlines.
• Maintain robust controls to ensure integrity and effectiveness of processes.
• Manage intercompany margining across Goldman Sachs entities and jurisdictions.
• Identify process gaps and propose practical, scalable improvements.
• Analyze complex issues, prioritize tasks, and manage risk effectively.
• Build trusted relationships with clients and internal stakeholders.

Skills

Analytical skills

Problem solving

Attention to detail

Multitasking

Client engagement

Education

Bachelor’s degree in Financial Risk Management, Business Administration, Finance, Accounting, Engineering, or related field

Job description

Global Banking & Markets Operations-Otc & Repo Collateral Mgmt-Salt Lake City-Associate location_on Salt Lake City, UT, United States

At Goldman Sachs, we connect people, capital, and ideas to help solve problems for our clients. We provide investment banking, securities, and investment management services to a broad and diversified client base that includes corporations, financial institutions, governments, and individuals.

Operations is a dynamic, multifaceted function that partners with businesses across the firm to deliver services to clients around the world. The division also provides essential risk management and control capabilities that help protect the firm’s assets and reputation. For every new product launched and every trade executed, Operations develops and manages the processes and controls that enable business to flow safely and efficiently.

Your Impact

As an Associate within Collateral and Margin Operations in Salt Lake City, you will play an important role in protecting the firm by helping manage counterparty credit risk and ensuring the accurate and timely movement of collateral. You will oversee daily margin activity across client portfolios, working closely with clients and internal stakeholders to resolve complex issues, maintain strong controls, and support the continued flow of business.

Your ability to analyze information, identify risk, and drive issues to resolution will directly contribute to the integrity of the firm’s processes and the quality of the client experience. You will also have the opportunity to identify operational inefficiencies, recommend improvements, and help build more scalable and effective ways of working.

Our Impact

The Collateral and Margin team supports the firm’s risk management framework by monitoring client portfolios, calculating margin requirements, managing collateral movements, resolving disputes, and maintaining robust operational controls. The team partners closely with Credit Risk Management, Legal, Compliance, Sales, Trading, Corporate Treasury, Settlements, Middle Office, Front Office, and other Operations teams.

How You Will Fulfill Your Potential

• 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 escape 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.

Qualifications

• Bachelor’s degree in Financial Risk Management, Business Administration, Finance, Accounting, Engineering, or a related field.


• 3 - 5 of experience in an operational role within the financial services industry, 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.

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.

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.

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.