Goldman Sachs International London, UK
MORE ABOUT THIS JOB Application Opening Date: 30 November 2018 Application Closing Date: 27 December 2018 Location: London Salary: Competitive YOUR IMPACT The IBD (Investment Operations Finance and Control team has an opportunity for an experienced professional to become regional point person for European balances. The team is responsible for the management of expense balances and fee recovery for the IBD Division globally. This role gives the opportunity to have a direct impact on the P&L of the division by influencing the amount of fees and expenses recovered. This role allows for exposure to senior members of the firm, so you will be using your communication and negotiation skills to drive a positive conversation. The role also requires close interaction with other business and Federation teams supporting Investment Banking, including IBD Finance, Controllers, broader Banking Investing and Lending Operations, and Technology. The successful candidate will focus on risk management and control, providing analysis and reporting to management, assisting with the recovery of project expenses, maintaining the syndicate sub ledger, and the settlement of financing transactions. By challenging the bankers and using creative ways to investigate the balances you will have the opportunity to increase the amount of expenses recovered. The ideal candidate will help drive IBD Operations' process improvement initiatives across multiple business lines and will afford the opportunity to participate in key strategic projects and regulatory initiatives for the global team. OUR IMPACT Operations is a dynamic, multi-faceted division that partners with all parts of the firm to deliver banking, sales and trading, and asset management capabilities to clients around the world. In addition, Operations provides essential risk management and control to preserve and enhance the firm's assets and its reputation. For every trade agreed, every new product launched, every new market entered, or every transaction completed, it is Operations that develops the processes and controls that make business flow. The Finance & Control Team is responsible for the proper recognition of IBD advisory fees, billing of expenses, settlement of financings, and overall maintenance of the expense balance sheet to create maximum recovery for the division's bottom line. In addition, the team monitors the balance sheet of deal-related expenses to promote recoverability, and seeks to reduce P&L exposure by reserving for losses related to non-recoverable expenses. RESPONSIBILITIES AND QUALIFICATIONS HOW YOU WILL FULFIL YOUR POTENTIAL - Build and maintain strong relationships with IBD Bankers, Industry CFOs, Business Unit Leaders and Business Unit Managers and ensure their queries are appropriately addressed - Review advisory related transactions at all stages in the lifecycle to determine recoverability of transaction costs - Work with IBD bankers to settle financing related expenses with other syndicate banks - Work closely with Controllers to ensure fees are accurately reflected on the firm's books and records - Become a subject matter expert to mitigate risk and drive efficiencies - Establish new controls for IBD Operations by partnering with Technology to design, build, and operate in a straight through processing (STP) environment - Review current processes and recommend improvements to reduce risk and or increase efficiency - Collaborate with our technology and business partners to enhance systems and workflows - Provide data analysis and management reporting SKILLS AND EXPERIENCES WE ARE LOOKING FOR - Strong academic record with Bachelor's degree, equivalent or above in Economics, Finance or a related discipline required - Prior investment banking/financial services industry required - Strong familiarity with risk/internal risk and control required - Experience with preparing P&L accounts, performing price verification and valuations required - Experience of preparing corporate financial statements and cash flow adjustments required - Ability to effectively and extensively interact with all levels (from entry level analysts through managing directors) - Experience in producing credit ratings, financial projections, position reconciliation and general reports required - Familiarity with P&L analysis, rates testing, regulatory/compliance processes (knowledge of SOX) required - Ability to work in a deadline driven environment - Strong communication, presentation, and relationship management skills - Extreme attention to detail and organisational skills - Self-starter (i.e. after initial managerial direction, candidate is able to develop their own workflow and manage resources accordingly) - Must be highly collaborative and team-oriented - Effective analytical ability ABOUT GOLDMAN SACHS The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. © The Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.