Title: AWM - Operations - XIG Investment Oversight - Public - Analyst
Duration: 6 months
Location: Salt Lake City, UT 84111
Description:
- The External Investing Group (XIG) provides investors with investment and advisory solutions, across leading hedge fund managers, private equity funds, real estate managers, and traditional long-only managers.
- XIG manages globally diversified programs, targeted sector-specific strategies, customized portfolios, and a range of advisory services.
- Our investors access opportunities through new fund commitments, fund-of-fund investments, strategic partnerships, secondary-market investments, co-investments, and seed-capital investments.
- XIG provides manager diligence, portfolio construction, risk management, and liquidity solutions to investors, drawing on Goldman Sachs' market insights and risk management expertise.
- We extend these capabilities to the world's leading sovereign wealth funds, pension plans, governments, financial institutions, endowments, foundations and family offices, for which we invest or advise on over $325 billion.
- XIG Operations has primary responsibility for aspects of portfolio accounting, liquidity, credit facility management, foreign currency transactions, payments, and serves as the single point of contact for all business related inquiries.
- These functions cover a wide range of clients and a complex product range, which include equities, money markets, currency, leveraged financing, asset backed loans, and derivatives.
- The group supports portfolio managers, risk managers, sales, and client relationship professionals by providing accurate and timely client account information and overseeing all aspects of operational risk across portfolios and strategies.
- This involves extensive interaction with internal and external parties to ensure effective oversight for existing business and also to shape and implement solutions for new clients, products, strategies, and system architecture.
- The group continues to focus on best in-class client experience and working closely with the business to maintain and enhance client relationships.
Duties and Responsibilities:
- Learning daily operational tasks and business initiatives quickly to add value as a subject matter expert.
- Taking full ownership of day-to-day work, and work with teams and colleagues across the globe to deliver the best experience for our clients by leveraging available resources or developing process improvements.
- Understand and be consistent with the policies and procedures that govern our division. Assist with recurring divisional and regulatory functions (e.g., quarterly, and annual operational risk assessments).
- Driving consistency across various XIG business channels, including elimination of manual processes, and adoption of best practices. Scalability analysis of workflow cost drivers and trends to help drive process improvements and efficiency.
- Ability to self-direct, analyze, evaluate, and form independent and effective thought leadership in navigating evolving financial regulatory landscapes.
- Provide excellent service when responding to requests and inquiries. Ensure complete accuracy in all work. Interpret and determine client needs and prioritize or escalate work as needed.
- Proactively review indicators of operational issues/concerns with the goal of resolving such issues before client impact
- Develop an understanding of the External Investing space and the operational requirements that are required to facilitate the business such as:
o Coordinating launch of new funds/share classes.
o Liquidity Analysis and Forecasting.
o Credit Facility management.
o Contribution, Distribution, Tax and Expense Payment Facilitation. - Review account level metrics as defined by operating standards and research, escalate, and remediate exceptions as appropriate.
Other required skills/experience:
- Prefer 1 to 5 years of professional experience.
- Proficient in Microsoft Office, specifically Word, Excel, and PowerPoint.
- Be highly collaborative, team-oriented and strong consensus builder.
- Demonstrate strong communication and interpersonal skills both written and oral.
Preferred Qualifications:
- Previous experience in Operations and/or Financial Services industry.
- Demonstrate ability to partner across product groups, regions and functional responsibilities.
- Be a strategic thinker, possesses strong facilitation and data gathering skills.
- Attention to detail and ability to work to tight deadlines under pressure and to provide practical solutions.
- Risk management focus.
Must Haves:
- Bachelor's degree required.
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