Marcus by Goldman Sachs, Money Movement & Reconciliation| Draper, UT

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About the position

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. 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.

Requirements

  • 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

Nice-to-haves

  • Prior experience in banking, payment, wire transfers, or cash movement within an operational or banking environment

Benefits

  • training and development opportunities
  • firmwide networks
  • benefits
  • wellness
  • personal finance offerings
  • mindfulness programs
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