Goldman Sachs is the second-largest investment bank in the world by revenue and is ranked 55th on the Fortune 500 list of the largest United States corporations by total revenue. In the Forbes Global 2000 of 2024, Goldman Sachs ranked 23rd.

Associate – 7496862

Job Duties: Associate with Goldman Sachs & Co. LLC in Dallas, Texas. Monitor and reconcile originated Automated Clearing House (ACH) transactions prior to sending to the Federal Reserve.  Identify, investigate, and action ACH exceptions within National Automated Clearinghouse Association (NACHA) timeframes. Perform daily bank reconciliation of general ledger accounts related to the consumer business. Investigate and resolve breaks identified through bank reconciliation process. Participate in defining business requirements and testing approach and scripts for consumer products related to banking products such as retail deposits and credit card business. Monitor work stream performance and analyze Automated Clearing House (ACH) risks and barriers to improve efficiency and mitigate risk. Develop a full understanding of relevant product and market knowledge of payment rails correlating to consumer banking products and the regulations that impact them. Develop Automated Clearinghouse (ACH) reporting and monitoring metrics, identifying issues, and making recommendations to resolve. Participate in the delivery of new projects relating to consumer banking products and the development of monitoring tools and processes such as system configurations, operational procedures, and trainings. Partner with stakeholders to track and deliver joint goals to develop and improve the consumer product platform.  Address operational and financial risks to clients and financial institutions associated with payment operations in a real-time environment. Partner with internal and external teams and/or vendors, financial institutions, including agent banks to resolve payment system issues, late ACH returns, and customer postings.

Job Requirements: Master’s degree (U.S. or foreign equivalent) in Finance, Economics, Business Administration or a quantitative or an analytical field such as Mathematics, Petroleum Engineering, Chemical Engineering, or Computer Engineering, or a related field and one (1) year of experience in the job offered or in a related role OR Bachelor’s degree (U.S. or foreign equivalent) in Finance, Economics, Business Administration or a quantitative or an analytical field such as Mathematics, Petroleum Engineering, Chemical Engineering, or Computer Engineering, or a related field and three (3) years of experience in the job offered or in a related role. Prior experience must include one (1) year of experience with the following: working in a regulated banking environment and cross-functional teams to identify risk gaps and developing continuous improvement initiatives to mitigate against fraud, including understanding where operational processes to identify risks and/or gaps; developing internal, operational training and statements of procedures for the team to ensure day-to-day functions are performed efficiently; partnering with business units to resolve incidents, file errors and rejects, and monitoring controls; working directly with the line and cross-functional teams to identify risk gaps and continuous improvement opportunities; addressing and escalating external vendor and internal system issues related to payment processing and ensuring resolution of issues identified; cash management and working with U.S. payment systems, including ACH, Fedwire, checks, and network rails; developing operational procedures related to day-to-day functions, working with various project teams such as Change Management, Risk, Fraud, or Engineering, and assisting with building out systems and controls related to external vendor payment systems, and ensuring operational controls are adhered to meet new consumer business requirements and onboarding industry or regulatory requirements; NACHA operating rules, including returns and exception item processing; and bank account reconciliation, ACH file monitoring, and manually posting transactions.

Risk, Market Risk, Associate – Dallas

DIVISION AND DEPARTMENT OVERVIEW

The Risk Division is responsible for independent review of market, credit, operational, model, and liquidity risk throughout the firm as well as enterprise wide stress testing.

Market Risk is a department within the Risk Division which facilitates effective deployment of risk appetite, prudent risk management and regulatory compliance for the Firm’s market risks. The group acts as a key stakeholder in ensuring that the firm’s business plans are within its market risk appetite, and engages directly with businesses on the review and challenge of risk management actions. The group also plays a key role in keeping the Board of Directors apprised of the firm’s market risk profile. This is achieved through the use of a suite of risk measures, proactive application of expert judgement, and limit setting. Activities are centered on risk management and analysis, transparency and escalation of risk, supervision, and overall process improvement.

We are looking for a professional to join the second line of defense Market Risk Specialists group as market risk manager in Dallas. The team in Dallas covers a number of businesses/ products such as Mortgages, Corporate Treasury market risk, Banking Book Rates risk, Private Markets (equity, credit and real estate), Leveraged Lending and US Bank entity.

KEY RESPONSIBILITIES

• Ongoing review of risk measures (VaR, greeks, stress tests) and interaction with 1st line risk takers
• Evaluate risk taking behavior and influence outcomes through portfolio and transaction level risk analysis taking into consideration risk appetite
• Collaboration with Risk Engineering colleagues on the development of new risk measures / stress tests and improvements to existing measures
• Proactive identification of emerging risks (e.g. basis risks, crowded trades)
• Coming up with limits structures and setting limits
• Connect events (e.g. macroeconomic data releases, political elections) to potential vulnerabilities
• Dissemination of information and education of stakeholders through effective and timely communication and collaboration
• Communication with senior management and regulators

QUALIFICATIONS

• Three to five years’ experience in market risk management or similar role with transferable skills
• Strong academic record with Bachelor’s degree, equivalent or above in Finance, Mathematics or a related quantitative/analytical discipline preferred
• Deep understanding of fixed income or equity financial products including their risk/reward tradeoffs
• Deep understanding of market risk measures, concepts, and regulatory rules: VaR, stress testing, greeks, Volcker rule, CCAR
• Excel, Bloomberg, Refinitiv Eikon, ability to pick up in-house systems
• Ability to code desirable
• Proven problem solving ability and control mindset
• Able to analyze and challenge risk taking activities while engaging effectively with first line of defense
• Desire and ability to collaborate with people from different departments and levels of seniority

Asset & Wealth Management, US Third Party Wealth, Cross Channel, Regional Director, Hartford CT Territory, Vice President.

Goldman Sachs Asset Management (GSAM) delivers innovative investment solutions through a global, multi-product platform that offers clients the advantages that come with working with a large firm, while maintaining the benefits of a boutique. GSAM is one of the pre-eminent investment management organizations globally. Critical to the success of GSAM is our ability to leverage a global team of talented professionals to define solutions and lead change across the operational infrastructure. GSAM Client Solutions Group (CSG) works to develop and execute thoughtful investment solutions for institutional clients across the globe. Our diverse institutional client base includes corporate and public pension funds, foundations and endowments, insurers, financial institutions and governments.

CSG markets GSAM’s investment products and services to institutions, financial intermediaries and advisors. The focus is on building and maintaining long-term client relationships and communicating key themes from the firm’s leading investment professionals. CSG provides investment solutions across all major asset classes (e.g., fixed income, equities, and alternatives) and products including mutual funds, ETFs, separate accounts and alternative investments.

Our Cross Channel sales team sits within US Third Party Wealth and is responsible for marketing Goldman Sachs Asset Management (GSAM) Products to financial advisors at Wire houses, Independent Broker Dealers, Regional Broker Dealers & RIAs.

HOW YOU WILL FULFILL YOUR POTENTIAL

In this external sales role, the Regional Director is responsible for calling on a focused list of firms in the territory. Responsibilities include but are not limited to:

• External sales role calling on focused list of firms in the territory.
• Responsible for marketing Goldman Sachs Asset Management (GSAM) products within the ICG channel including Mutual Funds, ETF’s, SMA’s and Private Alternatives.
• Role requires the ability to position Goldman Sachs’ value proposition as well as investment philosophy, process, product differentiation and competitive analyses in group presentations, public seminars and one-on-one presentations.

QUALIFICATIONS

SKILLS & EXPERIENCE WE’RE LOOKING FOR

• 5+ years of financial services sales experience preferred
• Strong presentation skills
• Strong organizational skills
• Self-motivated
• Ability to work with Internal Partners to help Drive Sales in ETF’s, Alternatives and Retirement Business
• Ability to maintain consistent travel schedule
• Ability to manage administrative aspects of job effectively (call reports, expense reports, etc.)
• 3 to 4 days of travel per week
• Series 7 and 63 required
• Existing relationships in the territory, with focused client base preferred
• Compliance-oriented
• Must live in or be willing to commute into the territory.

2024 Asset & Wealth Management MBA Insight Day

Join us at our upcoming event to meet us and learn more about the opportunities we offer. Apply for the Asset & Wealth Management Insight Day for the opportunity to network with various leaders and professionals at Goldman Sachs while learning more about our 2025 Summer Associate opportunities. Travel and accommodations will be provided for selected participants.

Goldman Sachs is where exceptional people can build extraordinary careers. We seek to hire people with diverse skill sets, interests, and backgrounds – and we provide them with hands-on experience to business challenges and opportunities to learn firsthand from the very best.

Global Investment Research, Seasonal PhD Fellowship, Macro Research, Commodities

We are seeking Economics or Finance PhD candidates for a 10-week paid fellowship to explore a career in Macro Research. Fellows will receive training, networking, mentorship, and hands-on research experience as an active contributor of a research team.

As a Fellow, you will:

• Learn about the Goldman Sachs culture and the firm’s mission and businesses
• Join the Commodities Research team to contribute to unique research projects and team publications.

Responsibilities

Working closely with the Co-Heads of Commodities Research and team, Fellows will:

• Generate thematic written research.
• Develop quantitative models to forecast key variables shaping global energy markets and the energy transition

Preferred Qualifications

• PhD candidate in Economics or Finance (the expected graduation date should be no later than Summer 2026).
• Meticulous attention to detail and strong organizational skills.
• Proven capability for original research.
• Ability to work autonomously and in a team in a fast-paced environment.
• Strong interpersonal and communication skills.