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Marcus by Goldman Sachs, Money Movement and Reconciliation|

GOLDMAN SACHS & CO. LLC

DRAPER, UT · HybridJobSeen todaySeen in employer's feed today

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At a glance

Compensation
No compensation found
Location
DRAPER, UTHybrid
Work Authorization
Not specified

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Job overview

Marcus, Goldman Sachs’ online consumer banking business, is hiring a Back Office Money Movement and Reconciliation Specialist to oversee cash-flow processes involving wires, ACH, checks, and internal transfers. The role includes payment checks, general-ledger reconciliation, discrepancy resolution, casework, queue management, reporting, and coordination with firm-wide stakeholders. It follows a hybrid model with three office days per week, and the specific weekday shift varies within stated operating hours.

Skills & qualifications

RequiredNice to have

Skills

Customer ServiceVerbal CommunicationWritten CommunicationBanking OperationsCheck PaymentsWire TransfersACH PaymentsAnalytical SkillsProblem SolvingOrganizational SkillsRisk and ControlOwnership and AccountabilityAttention to DetailFlexibilityPrioritizationTeamworkPayment OperationsCash Movement

Qualifications

High School DiplomaBanking ExperiencePayment ExperienceWire Transfer ExperienceCash Movement Experience

Full job description

Marcus by Goldman Sachs As the online consumer banking business of Goldman Sachs, Marcus operates as a digital bank, providing high-yield savings accounts and Certificates of Deposit (CDs) directly to individual consumers. Marcus combines Goldman Sachs' 150+ years of expertise with intuitive digital experiences, focusing on value, transparency, and simplicity for its millions of customers. About the role As a Back Office Money Movement and Reconciliation Specialist, you will be responsible for the oversight of cash flow processes, including wires, ACH, checks, and internal transfers. You will play a key role in ensuring timely task completion, identifying areas for enhancement, and effectively escalating any discrepancies or issues. This involves checking payments, matching them to general ledgers, and resolving payment-related issues in collaboration with other departments. Responsibilities: * Understand basic banking concepts with an emphasis on cash flows of money movement processes: incoming/outgoing wires, outgoing ACH, outgoing checks, internal transfers, and suspense breaks * Perform thorough checks of payments and reconcile them against general ledgers, promptly escalating and resolving any identified discrepancies * Interact effectively with various firm-wide stakeholders, including Risk, Compliance, Legal, Treasury, and Technology, to resolve payment issues and implement improvements * Complete assigned casework, manage queues, and generate reports within specified Service Level Agreements (SLAs) * Escalate critical issues timely and confidently communicate with upper management regarding tasks, processes, and potential improvements. Qualifications: * Strong customer service experience with excellent verbal and written communication skills * Basic understanding of banking operations, including check payments, wires and ACH * Strong analytical, problem-solving, and organizational skills with a risk and control mindset, consistently taking ownership and accountability for tasks and projects * Self-motivated, detail-oriented, and flexible, capable of prioritizing tasks and performing effectively under pressure in a team environment, including adapting to occasional overtime * High School Diploma Preferred Qualifications * Prior experience in banking, payment, wire transfers, or cash movement within an operational or banking environment Job Shift Operating hours are Monday to Friday, between 8:00 AM and 8:30 PM CT. Your specific shift will vary within these hours. Weekend availability may be required in the future. Location Openings are available in Richardson, TX, and Draper, UT. This role operates under a hybrid working model, requiring three days per week in the office. Full office attendance may be required in the future. At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We 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 and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers. We're committed to finding reasonable accommodations for candidates with special needs or disabilities... For full info follow application link. The Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment/ affirmative action employer Female/Minority/Disability/Vet.

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