Corporate Treasury Operations - Settlements - Analyst - Dallas

YOUR IMPACT

You are looking to join a fast-paced, dynamic team that has broad connectivity across the firm for a franchise critical process. You will collaborate with cross-Federation teams and across the globe to manage the firm's cash payments and receipts each day. You have a strong desire to learn about the firms different businesses and how they support our client and manage business risks, as well as work closely with a network of key banks and internal payments team to ensure smooth execution.

OUR IMPACT

Operations is at the core of Goldman Sachs. For every trade agreed, every new product launched or market entered, every transaction completed, it is Operations that enables business to flow. The Operations business partners with all areas of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. Alongside this vital service delivery role, Operations provides essential risk management and control, preserving and enhancing the firm's assets and its reputation. Operations span all product lines and markets.

Corporate Treasury Operations lead the development of new payments-centric businesses, build scale and improve agility to adapt to a rapidly changing payment landscape while managing and optimizing the firm's liquidity. This team act as a first line of defense for control and governance to protect firm's financial assets. Corporate Treasury Operations provides payment processing, liquidity, cash management and bank relationship management services for our institutional, retail, and corporate clients as well as firmwide flows

The subdivision has a rare opportunity to support products and business ranging from foreign exchange, commodities, credit, equity, interest rates, Repo, insurance/pensions and bespoke structured derivatives and arrangements. We manage a wide range of complex processes, with members developing skills and competencies around derivative and security products, funding projections, cash management, margin risk management, counterparty exposure management and their respective business areas, legal agreements, technology flows and regulations.

HOW YOU WILL FULFILL YOUR POTENTIAL

• Manage a portfolio of cash payments and receipts; work with business units to monitor payment, credit and sanctions risk
• Oversight payment controls functions including sanctions and fraud controls. Liaise with AML compliance team to resolve payment exception risk with excellent senior management exposure.
• Front line interaction with a network of key vendors across cash agent banks as well as central banks.
• Ensuring accuracy and integrity of the firm's books and records.
• Performing a number of payment control functions, ensuring the integrity of our process.
• Manage our daily cash payments and receipts for a particular portfolio.
• Effectively identify and protect legitimate customer transactions.
• Real-time transaction processing that identifies fraud attempts, while allowing legitimate attempts to be executed

SKILLS AND EXPERIENCE WE'RE LOOKING FOR

Basic Qualifications

• Bachelor's degree with 0-3 years of experience in financial services or operations management
• Utilize sanction & fraud risk detection systems and internal bank systems to review suspect items and warning reports daily. Interpret reason codes and follow specified procedures on how to handle suspect activity. Leveraging this payment knowledge, to work closely with our technology and project team to assist with payment system design and re-write
• Proven analytical skills, problem solving ability, and a control mentality paired with meticulous attention to detail
• Communicate and interact with external clients, Community Bank, various lines of business, and other financial institutions to verify authenticity of items or availability of funds. Educate clients about fraud issues including online banking safety and take appropriate action to protect clients' accounts.
• Knowledge of Fircosoft or Actimize Vendor applications
• Knowledge of SWIFT/Fedwire/ISO Payment messaging formats
• Real-time transaction processing that identifies fraud attempts, while allowing legitimate attempts to be executed
• Experience working with Compliance teams on OFAC sanctions related matters

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

The Goldman Sachs Group, Inc., 2023. All rights reserved.

Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity