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TRANSACTION BANKING OPERATIONS Transaction Banking Operations is part of Transaction Banking within the Platform Solutions Division, comprised of below primary functions:
- We enable Sales by providing clients a differentiated experience through their pre-sales and go-live journey, through onboarding, implementation and testing, go live and early-stage support
- We provide best in class service to our clients post go live across all their business needs, including payments and transactions flows across our global payment rails
- We support the build and development of new Treasury Products, Services and Partnerships, alongside Product, Risk and Engineering teams, by handling all Operational process, procedure and control development
TxB Operations is a growing sub-division, with regional presence in Singapore, Bengaluru, London, New York, and Dallas. All our offices work closely together as a single global team. As this business expands, we will look to increase our global footprint accordingly. YOUR IMPACT The Transaction Banking Client Onboarding team is seeking a seasoned and driven individual with experience and expertise reviewing Legal agreement, including Escrow and DACA contact negotiations and a client's Banking Resolutions. You will work with clients, counsel, and internal Legal / Product partners to support the onboarding and servicing of accounts from negotiation to setup/funding and post account opening activities. HOW YOU WILL FULFILL YOUR POTENTIAL (RESPONSIBILITIES)
- Lead the review of Legal agreements supporting the onboarding and servicing of Transaction Banking clients, in close partnership with Legal, Compliance, Risk, and Product teams
- Understand the business purpose and deal structure for Transaction Banking accounts, including Escrow and DACA
- Understand duties to be performed by Transaction Banking as the Escrow Agent and DACA Bank, and the impact of legal terms on operational processes
- Ensure all terms outlined in the governing Escrow/DACA agreement support Transaction Banking processing and capabilities (prior working knowledge of operational processing within banking is a plus)
- Support the Transaction Banking Operations team in post-closing obligations, based on the negotiated contracts.
- Partner with Product and Sales to maximize new business opportunities, including but not limited to Escrow/DACA
- Serve as the subject matter expert for global Escrow and DACA accounts and end-t-end operational processes.
QUALIFICATIONS REQUIRED
- 3+ years of professional experience in financial services, preferably in Escrow, Account Bank, Trust and/or Custody
- Prior experience of reviewing legal agreements supporting Escrow/DACA transactions, Banking Resolutions, and other banking terms
- Working knowledge of banking operations, including client onboarding and servicing
- Strong verbal and written communication skills
- Excellent organization and attention to detail
- Experience with stakeholder coordination (both internal and external parties)
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The Goldman Sachs Group
Nov 24, 2024