Goldman Sachs & Co. Operations - Banking Investing Lending Ops - Investment Banking Operations - Finance and Control Team - Vice President - Irving in Irving, Texas
MORE ABOUT THIS JOB
The IBD Operations Finance and Control team has an opportunity for an experienced Vice President to become head of the Americas Finance and Control Team. 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. T
he Vice President will focus on risk management and control, providing analysis and reporting to management, assisting with the oversight of recovery of project expenses, maintaining the syndicate sub ledger, and the settlement of financing transactions. This role will also has a large people management aspect, with oversight of a team of ten within Dallas; Ensuring strong career growth and mentoring for team members through both formal and informal feedback; Developing, motivating and organizing staff to encourage accountability and achievement within the team; Ensuring that the team adheres to all policies, procedures and controls through consistent review of checklists and control reporting around risk management framework; Identifying opportunities to standardize and improve procedures and processes across the global framework and identifying areas of potential risk and implementing best practice and appropriate process and procedures to mitigate.
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.
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.
HOW YOU WILL FULFILL YOUR POTENTIAL
RESPONSIBILITIES AND QUALIFICATIONS
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
Grow and challenge a talented group of individuals at varying stages of their career
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 & EXPERIENCE WE’RE LOOKING FOR
Bachelor degree required
Ability to effectively and extensively interact with all levels (from entry level analysts through managing directors)
Ability to work in a deadline driven environment
Strong communication, presentation, and relationship management skills
Extreme attention to detail and organizational skills
Risk and control awareness and experience of taking responsibility both locally and globally
Self-starter (i.e. after initial managerial direction, candidate is able to develop their own workflow and manage resources accordingly)
Proven process re-engineering skills
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., 2017. All rights reservedGoldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.
Schedule TypeFull Time
LevelVice President/Executive Director
Business UnitInvestment Banking Operations