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
We promote continuous learning by way of cross training and business engagement across the stack of functions for the respective Fixed Income, Currency and Commodities (FICC) product class. Your role will involve active partnership with the sales, trading, credit, legal and other operations teams which will be key to effectively manage the risk and business / client expectations for the trades we support. In addition to the responsibilities assigned to you, you will be encouraged to contribute ideas towards enhancement and streamlining the activities.
OUR IMPACT
Operations span all product lines and markets, serving as internal business partners who develop the processes and controls, and help to specify the systems that deliver accuracy, timelines and integrity to our business.
BUSINESS UNIT OVERVIEW
Our FICC business focuses on buying and selling of securities in both cash and derivative instruments for interest-rate products, credit products, mortgages, currencies and commodities. The FICC Operations team manages the Fixed Income Securities & Repurchase (Repo) Bookings & Settlements work-flow. The team is responsible for ensuring all Securities trades are confirmed in a timely manner and settled. Partnership with multiple groups are key to effective risk management – teams ensure discrepancies are investigated and resolved by leveraging internal sales/ trading, technology, legal, middle office teams and external dealer / client back office contacts. The associate is required to be dynamic and client service oriented with high focus on risk and control. From an early stage, we expect our associates to think creatively and ‘outside the box’, as well as improving the daily processes taking ownership and managing the responsibility independently. The role also requires the ability to seamlessly switch between multiple activities and significant interaction with clients, so communication will be a key asset.
JOB SUMMARY AND RESPONSBILITIES
Risk manage Bookings, Confirms and Settlements for bond transactions
Pro-actively work with external clients and trading desks to ensure timely allocation and matching of
trades in the market
Partner with internal teams - Sales, Trading, Settlements, Credit, Technology and other operations teams to
ensure timely confirmation and settlement of trades for good value date
Ensure associated payments and cash movements on these trades are tracked and paid in good time as
agreed contractually
Accurate and timely settlement of Trades with adherence to the Market cut-offs & regulations
Ensuring high risk trades are prioritized and escalated to desk and other internal and external stakeholders
as needed and partials initiated to bring exposure on these trades down
Maintain accurate and clean post settlement work-flows along with timely Client money discussions – cashflow
breaks, system breaks, fails etc.
Resolution and escalation of all client disputes and queries
Project and initiative management and participation within the team and across region
Understand trade booking and matching, break sheet reconciliation, cash suspense break flows to understand front to back mapping across all functions and rightly ascertain risk on any open exception
Design and initiate process improvements with thorough understanding of the teams' processes and controls
Create Knowledge management plan for team member and review proficiency levels of testers on team on regular basis
Ability to work under pressure, prioritize and meet deadlines, at the same time as risk mitigation
Effective problem solving and critical-thinking skills
Ability to use discretion and good judgment
Excellent communication and interpersonal skills with a strong appreciation of client service
BASIC QUALIFICATIONS
Undergraduate degree in relevant field
Excellent communication and interpersonal skills, written and oral
PREFFERED QUALIFICATIONS
Prior experience in middle office role with knowledge of fails management and FI products beneficial
Minimum 1 year of experience in Operations or related field Risk and Control focused
Ability to deal with multiple complex issues at the same time while meeting client deadlines
Knowledge of OKR frameworks and roadmaps
Strong attention to detail and focus on process improvements
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
We promote continuous learning by way of cross training and business engagement across the stack of functions for the respective Fixed Income, Currency and Commodities (FICC) product class. Your role will involve active partnership with the sales, trading, credit, legal and other operations teams which will be key to effectively manage the risk and business / client expectations for the trades we support. In addition to the responsibilities assigned to you, you will be encouraged to contribute ideas towards enhancement and streamlining the activities.
OUR IMPACT
Operations span all product lines and markets, serving as internal business partners who develop the processes and controls, and help to specify the systems that deliver accuracy, timelines and integrity to our business.
BUSINESS UNIT OVERVIEW
Our FICC business focuses on buying and selling of securities in both cash and derivative instruments for interest-rate products, credit products, mortgages, currencies and commodities. The FICC Operations team manages the Fixed Income Securities & Repurchase (Repo) Bookings & Settlements work-flow. The team is responsible for ensuring all Securities trades are confirmed in a timely manner and settled. Partnership with multiple groups are key to effective risk management – teams ensure discrepancies are investigated and resolved by leveraging internal sales/ trading, technology, legal, middle office teams and external dealer / client back office contacts. The associate is required to be dynamic and client service oriented with high focus on risk and control. From an early stage, we expect our associates to think creatively and ‘outside the box’, as well as improving the daily processes taking ownership and managing the responsibility independently. The role also requires the ability to seamlessly switch between multiple activities and significant interaction with clients, so communication will be a key asset.
JOB SUMMARY AND RESPONSBILITIES
Risk manage Bookings, Confirms and Settlements for bond transactions
Pro-actively work with external clients and trading desks to ensure timely allocation and matching of
trades in the market
Partner with internal teams - Sales, Trading, Settlements, Credit, Technology and other operations teams to
ensure timely confirmation and settlement of trades for good value date
Ensure associated payments and cash movements on these trades are tracked and paid in good time as
agreed contractually
Accurate and timely settlement of Trades with adherence to the Market cut-offs & regulations
Ensuring high risk trades are prioritized and escalated to desk and other internal and external stakeholders
as needed and partials initiated to bring exposure on these trades down
Maintain accurate and clean post settlement work-flows along with timely Client money discussions – cashflow
breaks, system breaks, fails etc.
Resolution and escalation of all client disputes and queries
Project and initiative management and participation within the team and across region
Understand trade booking and matching, break sheet reconciliation, cash suspense break flows to understand front to back mapping across all functions and rightly ascertain risk on any open exception
Design and initiate process improvements with thorough understanding of the teams' processes and controls
Create Knowledge management plan for team member and review proficiency levels of testers on team on regular basis
Ability to work under pressure, prioritize and meet deadlines, at the same time as risk mitigation
Effective problem solving and critical-thinking skills
Ability to use discretion and good judgment
Excellent communication and interpersonal skills with a strong appreciation of client service
BASIC QUALIFICATIONS
Undergraduate degree in relevant field
Excellent communication and interpersonal skills, written and oral
PREFFERED QUALIFICATIONS
Prior experience in middle office role with knowledge of fails management and FI products beneficial
Minimum 1 year of experience in Operations or related field Risk and Control focused
Ability to deal with multiple complex issues at the same time while meeting client deadlines
Knowledge of OKR frameworks and roadmaps
Strong attention to detail and focus on process improvements
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 Operations | Trade Processing | Analyst position is now open for candidates interested in the Bank Jobs sector. This role in Hyderabad 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.
