Job Description
GLOBAL BANKING & MARKETS
We make markets in and clear client transactions on major stock, options and futures exchanges worldwide. Through our global sales force, we maintain relationships with our clients, receiving orders and distributing investment research, trading ideas, market information and analysis.
OPERATIONS
Operations is a dynamic, multi-faceted function that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.
YOUR IMPACT
Are you looking to apply your quantitative skills while deepening your understanding of derivative products while working in a fast paced and collaborative atmosphere? Our Portfolio Reconciliation and Valuations team is seeking a professional who is looking to collaborate with traders, Sales, Controllers, Credit and other Operations teams to mitigate risks associated with collateral disputes and reporting of trade differences across OTC derivative transactions.
OUR IMPACT
Portfolio Reconciliation within the broader Margin, Collateral, and Valuations team is a fast-paced and dynamic team which supports all areas of the firm dealing with funding, cash movement, collateral and margin management and pricing. The team also interacts with all areas of Operations giving members a unique perspective into the various business lines of the firm while impacting all business streams.
BUSINESS UNIT OVERVIEW
The Portfolio Reconciliation and Valuations Team falls under the broader MCVO (Margin, Collateral and Valuations business unit) within Securities Division Operations.
Portfolio Reconciliation and Valuations is responsible for ensuring the reconciliation of positions is accurate and any discrepancy resolved in a timely manner. The team manages a variety of products (OTC derivatives) and is responsible for ensuring clients and 3rd party reconciliation tools receive their reports on a timely manner according to their requirements. This is a function in line with Dodd- Frank requirements and is heavily related to the margin rules programme going live in Sept. 2016. The team also provides client valuations to OTC derivative clients and regulatory reporting on a daily basis.
JOB SUMMARY AND RESPONSIBILITIES
Liaise with clients in order to review and resolve collateral disputes
Work with Sales, Trading, Controllers, Credit and Middle Office teams to communicate, reason and resolve trade flow and pricing discrepancies
Ensure timely delivery of portfolios to clients and 3rd party vendors
Participate in driving team-wide initiatives focusing on client service and automation
Propose, plan and execute projects under Manager's direction
Leverage your quantitate and analytical skills to identify complex dispute drivers across all OTC derivative products
Use your inquisitive mindset to challenge status-quo and identify control gaps with respect to existing workflows
Grow with the team; develop a deeper understanding of complex derivative transactions and work with our business partners to progress to progress collateral dispute investigation and resolution
Willingness to learn and leverage business intelligence tools and best practices
BASIC QUALIFICATIONS
Bachelor’s degree with a minimum of 3 years of experience in financial services
Analytical skills, problem solving ability, and meticulous attention to detail
Aptitude for building relationships and ability to communicate complex issues to a wide array of internal / external clients with differing levels of product experience
PREFERRED QUALIFICATIONS
Self-motivated and proactive team player who takes ownership and accountability of projects, has strong organizational skills as well as the ability to effectively manage competing priorities
Flexible and able to work well under pressure in a team environment
Knowledge of OTC derivatives and trade flows
Basic knowledge of tools such as Alteryx and SQL
ABOUT GOLDMAN SACHS
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 186+, 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 during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
© The Goldman Sachs Group, Inc., 2021. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer
We make markets in and clear client transactions on major stock, options and futures exchanges worldwide. Through our global sales force, we maintain relationships with our clients, receiving orders and distributing investment research, trading ideas, market information and analysis.
OPERATIONS
Operations is a dynamic, multi-faceted function that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.
YOUR IMPACT
Are you looking to apply your quantitative skills while deepening your understanding of derivative products while working in a fast paced and collaborative atmosphere? Our Portfolio Reconciliation and Valuations team is seeking a professional who is looking to collaborate with traders, Sales, Controllers, Credit and other Operations teams to mitigate risks associated with collateral disputes and reporting of trade differences across OTC derivative transactions.
OUR IMPACT
Portfolio Reconciliation within the broader Margin, Collateral, and Valuations team is a fast-paced and dynamic team which supports all areas of the firm dealing with funding, cash movement, collateral and margin management and pricing. The team also interacts with all areas of Operations giving members a unique perspective into the various business lines of the firm while impacting all business streams.
BUSINESS UNIT OVERVIEW
The Portfolio Reconciliation and Valuations Team falls under the broader MCVO (Margin, Collateral and Valuations business unit) within Securities Division Operations.
Portfolio Reconciliation and Valuations is responsible for ensuring the reconciliation of positions is accurate and any discrepancy resolved in a timely manner. The team manages a variety of products (OTC derivatives) and is responsible for ensuring clients and 3rd party reconciliation tools receive their reports on a timely manner according to their requirements. This is a function in line with Dodd- Frank requirements and is heavily related to the margin rules programme going live in Sept. 2016. The team also provides client valuations to OTC derivative clients and regulatory reporting on a daily basis.
JOB SUMMARY AND RESPONSIBILITIES
Liaise with clients in order to review and resolve collateral disputes
Work with Sales, Trading, Controllers, Credit and Middle Office teams to communicate, reason and resolve trade flow and pricing discrepancies
Ensure timely delivery of portfolios to clients and 3rd party vendors
Participate in driving team-wide initiatives focusing on client service and automation
Propose, plan and execute projects under Manager's direction
Leverage your quantitate and analytical skills to identify complex dispute drivers across all OTC derivative products
Use your inquisitive mindset to challenge status-quo and identify control gaps with respect to existing workflows
Grow with the team; develop a deeper understanding of complex derivative transactions and work with our business partners to progress to progress collateral dispute investigation and resolution
Willingness to learn and leverage business intelligence tools and best practices
BASIC QUALIFICATIONS
Bachelor’s degree with a minimum of 3 years of experience in financial services
Analytical skills, problem solving ability, and meticulous attention to detail
Aptitude for building relationships and ability to communicate complex issues to a wide array of internal / external clients with differing levels of product experience
PREFERRED QUALIFICATIONS
Self-motivated and proactive team player who takes ownership and accountability of projects, has strong organizational skills as well as the ability to effectively manage competing priorities
Flexible and able to work well under pressure in a team environment
Knowledge of OTC derivatives and trade flows
Basic knowledge of tools such as Alteryx and SQL
ABOUT GOLDMAN SACHS
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 186+, 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 during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
© The Goldman Sachs Group, Inc., 2021. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer
💡 Quick Summary
Seeking a career-building opportunity? The Global Banking Markets | Client Reporting | Analyst position is now open for candidates interested in the Bank Jobs sector. This role in Bengaluru offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
