Associate - CONT5776411

Job Description

Duties: Associate with Goldman Sachs Bank USA in Salt Lake City, UT. Understand regulatory rules and product functionality across the Loans product segment in order to onboard, support, and manage ongoing and new business activities. Advise on accounting, capital, regulatory, Controllers infrastructure and reporting considerations across various lending products. Review, analyze, and report P&L and Balance sheets for the Firm's loan portfolio. Analyze trading activity and servicing events impacting loans to identify risks and highlight significant items to senior management, including but not limited to preparing periodic profit and loss commentary. Partner with various stakeholders including Business, Risk, Regulatory counterparts, Operations, and Technology to understand the impacts of various business activities, ensure proper trade booking, and resolve any booking and servicing related issues that may arise. Perform independent price verification to ensure that the bank loans are appropriately valued in accordance with market levels for bank loan trading business. Post profit and loss and balance sheet with respect to the Firm's general ledger. Liaise with legal entity controllers to ensure appropriate entity reporting. Prepare schedules in support of the Firm's external financial reporting to both the Securities and Exchange Commission and the Federal Reserve. Coordinate across Project Managers, and Technology, Operations, and Risk divisions to identify enhancements & improve workflows that lead to automation, capital reduction and more transparent risk management practices. Handle multiple, time-sensitive projects, while focusing on the quality of work delivered.

Job Requirements: Bachelor's degree (U.S. or foreign equivalent) in Business, Accounting, Economics, Finance, or related field. Two (2) years of experience in the job offered or in a related role. Must have two (2) years of experience with: financial instruments such as loans and fixed income products for purposes of understanding available market information; utilizing US Generally Accepted Accounting Principles (GAAP) and regulatory reporting requirements with regards to financial statement reporting; analyzing and improving internal control framework in financial processes; training junior staff members to be able to perform effectively, and providing oversight and direction to ensure quality and timeliness of work; MS Office Suite skills including Excel functions including tables, vlook-up, hlook-up, macros, charts, filtering, data validation, "what if" tools; and experience working on multiple, concurrent time-sensitive assignments such as regulatory reporting, requirements assessment for new trades, revenue and balance sheet recognition.