Asset & Wealth Management Operations-Portfolio Control Reconciliations-Dallas-Associate

About the Role

Portfolio Control Reconciliations sits within Investing Operations and has primary responsibility for ensuring the accuracy of GSAM’s and Risk counterpart’s books of accounting. By ensuring accuracy and timeliness of data, we facilitate the business in achieving desired objectives for all aspects of account onboarding, portfolio accounting, cash management, and client reporting. These functions cover a wide range of clients and a complex product range, including equities, fixed income, currency, and derivatives.

The group supports portfolio managers, sales, and client relationship professionals by providing accurate and timely position, cash balance reporting, exception management, and overseeing all aspects of operational risk across portfolios. This involves extensive interaction with internal and external parties to ensure effective oversight for existing business and to shape and implement solutions for new clients, Goldman Sachs’ own funds, products, strategies, and system architecture. The group focuses on best-in-class client experience and works closely with the business to maintain and enhance client relationships.

You will gain comprehensive knowledge of products, markets, and market-related setups. You will also drive initiatives and provide solutions that impact client experience, regulatory requirements, and risk mitigation.

Responsibilities

• Effectively execute and manage daily processes and activities.
• Partner with portfolio managers and Operations teams (Asset Servicing, Data and Pricing, Controllers, Services, Client Onboarding, and Reporting) to ensure the internal accounting system reflects accurate positions, cash, realized Gain-Loss, and NAV for client accounts.
• Investigate differences in accounting and tax lots with custodians/sponsors and manage exceptions.
• Work closely with functional teams to resolve issues that directly impact tax lots, positions, cash, realized Gain-Loss, portfolio manager trading, and after-tax performance of client reports.
• Analyze new accounting platform solutions to assess accounting capabilities and system functionality to ensure data integrity and accuracy.
• Identify efficiencies and areas for improvement within operations for accounting to mitigate risk, reduce manual efforts, and drive scale.
• Create, maintain, and review accounting standards to manage business needs.
• Develop a thorough knowledge of accounting across the division.
• Provide coverage and oversight of custodians and fund administrators to maximize potential value delivery across the firm.
• Develop knowledge of industry trends, competitive landscape, and capabilities to facilitate business, increase efficiencies, improve controls, and enhance client experience.
• Mentor junior team members and build subject matter expertise in derivatives, NAV, and reconciliation frameworks.
• Lead training initiatives on product lifecycle, accounting treatment, and reconciliation methodologies.

Qualifications

• Relevant bachelor’s degree with an excellent academic record.
• 4+ years of experience in Operations and/or Financial Services Industry, preferably in Asset Management.
• Strong understanding of the theoretical and technical nature of accounting principles and theories, including fund accounting, tax lot accounting, and Net Asset Values.
• Extensive understanding of the product lifecycle (Equity, Fixed Income, and other similar financial products).
• Familiarity with FIS Investment Accounting Manager (formerly Invest One) or any other portfolio accounting systems.
• Strong analytical skills, critical thinking, problem-solving, and ability to recommend long-term solutions.
• Excellence in risk management and meticulous attention to detail with a sense of urgency to deliver tight deadlines.
• Ability to work independently, multitask, and adapt in a fast-paced environment to deliver results.
• Excellent communication (both written and spoken).
• Experience working across multiple business areas and/or functions to deliver results.
• Advanced skills in Microsoft Excel, Word, PowerPoint, and ability to present to senior management.

About Goldman Sachs

At Goldman Sachs, we connect people, capital, and ideas to help solve problems for our clients. We are a leading global financial services firm providing investment banking, securities, and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments, and individuals. Founded in 1869, we maintain offices around the world and believe who you are makes you better at what you do.

We’re committed to fostering and advancing diversity and inclusion in our own workplace by ensuring every individual has opportunities to grow professionally and personally. Our culture values integrity and transparency, and we work in a diverse team passionate about our craft, clients, and building sustainable success.