Goldman Sachs Bank AG
Corporate Treasury, Resource Deployment and Strategy, Associate- New York location_on New York, New York, United States
About the Role:
Within Corporate Treasury, Resource Deployment and Strategy (“RDS”) is a unique opportunity for individuals at all levels to manage the firm’s balance sheet from both an asset and liability perspective and directly contribute to executing the firm’s strategy. Working closely with the Global Treasurer and other members of senior management, RDS is responsible for the design and execution of the firm’s funding strategy as well as the primary point of contact for all business lines through Treasury’s global “business coverage” model. The team is also responsible for managing and executing the firm’s debt and preferred equity program, managing the firm’s deposit sweep portfolio, and partnering with senior divisional resource managers to efficiently deploy the firm’s balance sheet in support of the firm’s strategic objectives. The team seeks to optimize the firm’s funding mix to minimize cost in a risk-conscious manner and is a key participant in decision making regarding the allocation of firm liquidity.
RDS’ approach to asset-liability management is both holistic and practical; individuals who excel in this role are equally adept at detailed trade-level recommendations and strategic thinking and are expected to develop deep knowledge of the funding products raised within Treasury, as well as the underlying business and client activity supported by that funding.
RESPONSIBILITIES AND QUALIFICATIONS
Individuals are expected to contribute to decisions regarding liability management as well as serve as Treasury’s main point of contact with businesses which generate funding
Support execution of the firm’s global deposit raising strategy, considering economic cost, channel diversification, funding capacity, and impact to key liquidity and capital metrics
Assist in end-to-end management and growth in deposit sweep portfolio by contributing to marginal trade evaluation, transaction structuring, client/contract reviews, and deal-day coordination
Establish and maintain relationships with the firm’s deposit raising businesses including Marcus, Private Bank, and Transaction Banking, review pricing and acquisition strategies, and help to facilitate new product launches
Conduct research and develop presentations on deposit industry and global interest rate markets, competitor/peer environment, and regulatory landscape impacting funding and deposit raising
Develop frameworks and conduct scenario analysis to help inform liability risk management focus areas including maturity concentration and macro/market sensitivity
Identify, analyze, and effectively communicate key deposit risks and trends to internal and external stakeholders including firmwide leadership, committees/boards, and regulators
Engage with external stakeholders including regulatory agencies, ratings agencies, and funding counterparties
3-5 years of relevant experience
Excellent analytical skills, with demonstrated ability to perform detail-oriented analyses and present high-level conclusions to senior management
Excellent risk management mindset, with the ability to identify risks, design mitigating controls, and exercise sound judgment in dynamic conditions
Highly motivated, detail-oriented self-starter who is comfortable operating in a fast-paced environment and balancing multiple priorities
Experience managing and interpreting large amounts of data, and analyzing the output to identify trends and present solutions through business intelligence tools such as Tableau
Functional understanding of financial institution liquidity metrics, Bank balance sheet
Knowledge of deposits, interest rate, fixed income, repo, and/or Equities markets a plus
Strong written and oral communication skills with ability to produce polished presentation materials for senior executives
Strong teamwork and interpersonal skills
Salary Range
The expected base salary for this New York, New York, United States-based position is $110000-$140000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally availableto active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here .
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.
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