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Operations - Banking, Investing, and Lending (BIL) – Structured Agency/ PWM Loan Ops - Associate - Dallas

at Goldman Sachs

Posted: 8/5/2019
Job Reference #: 52800
Keywords: operations

Job Description

  • Location(s)US-TX-Dallas
    Job ID
    2019-52800
    Schedule Type
    Full Time
    Level
    Associate
    Function(s)
    General
    Region
    Americas
    Division
    Operations
    Business Unit
    Loan Servicing
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    OPERATIONS

    Operations is a dynamic, multi-faceted division that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.

    RESPONSIBILITIES AND QUALIFICATIONS

    Your Impact:

    The Private Wealth Management Dallas Loan Operations (PWM DLO) team is seeking a professional to support loans to high net worth individuals for the purpose of real estate, investments, estate planning, debt refinance and personal expenses to name a few. The team enters all relevant information into the systems of record and subsequently monitors, verifies, and addresses internal requirements for the loans including interest invoicing. In short, the Dallas Loan Ops group oversees and services all PWM loans until they are released. The role entails collaborating with the business, technologists, and other operational groups to mitigate risks associated with loan servicing. The team member will be responsible for reviewing legal documents to extract loan details for entry into the firm’s systems and processing all transactional activity throughout the life of the loan.

    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 or market entered, every transaction completed, it is Operations that develops the processes and controls that makes business flow.

    BIL Operations is at the forefront of shaping and driving change in the industry with the ultimate aim of delivering greater accuracy, control and efficiency for our clients and our business. Generally, the products supported are complex instruments that require close alignment with the business. A key focus for the organization is establishing strong risk management procedures and controls to ensure the firm and our clients are properly protected. Each team member is accountable for streamlining processes and innovative thinking from a global perspective.

    How You Will Fulfill Your Potential:

    • Gain a broad understanding of the respective business you support by servicing a robust portfolio and conducting daily exception monitoring, cash management and break resolution
    • Build your communication skills through interaction with middle office teams, sales teams, controllers, and other internal Goldman Sachs groups to resolve transactional issues and to collaborate on process and product enhancements
    • Showcase your attention to detail by reviewing legal documents, client invoices, and risk reports
    • Develop your project management skillset by managing and/or assisting with projects for system or process improvements

    Skills & Experience We’re Looking For:

    We are looking for an enthusiastic individual who can learn quickly and work efficiently in a high pressure environment.

    Basic Qualifications:

    • Bachelor’s degree
    • Exceptionally strong organizational and analytical skills
    • Flexible and able to think strategically while working in a fast paced environment
    • Aptitude for building relationships and confident in their communication and client service skills, both written and verbal
    • Knowledge of Excel (formulas, vlookups, pivots, macros) and Word
    • Self-motivated and proactive team player
    • Eagerness to learn with an innate curiosity and drive
    • Ability to prioritize and effectively manage competing priorities

    Preferred Qualifications:

    • Project management skills
    • Strong loan servicing, operations and/or quantitative educational background
    • Ability to read and understand standard loan documentation

    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., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.