- Entry level
- No Education
- Salary to negotiate
- Salt Lake City
Associate with Goldman Sachs & Co. LLC in Salt Lake City, UT.
Work Schedule: 40 hours per week (9:00 a.m. to 6:00 p.m.)Duties: Associate with Goldman Sachs & Co. LLC in Salt Lake City, UT. Support the municipal bond trading desk within Goldman Sachs Asset Management. Provide start of day cash, positions, and municipal market rates information to portfolio managers for portfolio construction, duration monitoring, cash management, and tax loss harvesting. Maintain and update internal security details with IDC/Bloomberg pricing data in a timely and accurate manner. Manage the flow of communication of investment strategy and portfolio positioning between the portfolio management team and the private wealth advisors, utilizing knowledge of financial markets and municipal securities. Organize bid-wanted auction on Bloomberg to brokers and dealers in the municipal market to assist portfolio managers with bond selling activities and tax loss harvesting opportunities. Propose buy and sell trading candidates to portfolio managers and negotiate with broker dealers to purchase suitable bonds for client portfolios. Assist portfolio managers with trading in new issuances in the municipal market by providing accurate pricing, scale, and credit rating information as well as obtaining compliance approval for the team to participate in newly issued deals. Perform investment analysis on portfolios from potential clients and provide commentary on the prospect portfolio’s state allocation, position size, coupon structure, maturity profile, credit rating, and sector allocation. Assist portfolio managers with trade booking and trade discrepancy reconciliation. Utilize MS Excel modeling and VBA to reengineer and automate current buying and tax loss harvesting processes for portfolio managers to enhance efficiency. Drive initiatives and projects to deliver solutions to resolve inefficiency in trade booking, position reporting, position analysis, and communication across multiple teams.
Job Requirements: Bachelor’s degree (U.S. or foreign equivalent) in Accounting, Business, Economics, Finance, or a related field. Two (2) years of experience in the job offered or related finance position. Must have two (2) years of experience with: utilizing MS Excel to consolidate data, perform daily tasks relating to support of municipal bond trading desk, and share information across various stakeholders/teams; utilizing fixed income market and financial instruction information, including duration, credit rating, maturity profile, and coupon structure to assist portfolio managers with client portfolio analyses, daily portfolio management, and client inquiries; managing multiple tasks in a fast-pace, team-oriented environment under market deadlines, and responding quickly to ad hoc inquiries or requests by various stakeholders; utilizing client service skills to effectively manage client requests and updates in the asset management due diligence space; participating in initiatives and projects across various teams to resolve issues and improve efficiency; and utilizing MS Excel modeling and VBA to re-engineer and improve processes and efficiencies.The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
© The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.
About the company
Goldman Sachs brings people, capital and ideas together to help our clients and the communities we serve. Learn more about our firm.
We provide a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Learn more about our businesses.