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
Listed Derivatives team is seeking a professional with strong analytical and communication skills and with the ability to work in a fast paced challenging environment, managing Listed Derivatives Clearing flows, reconciliations and associated risks related to derivative transactions across our European and Asian client base. The role requires candidate to be able to perform and also manage functions across markets with in depth understanding of risk management and client experience.
OUR IMPACT
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centres around the world. Founded in 186+, Goldman Sachs has long sustained a commitment to hiring and training outstanding leaders. Our business principles are rooted in integrity, a commitment to excellence, innovation and teamwork. These values enable us to execute successfully a business strategy that is focused on extraordinary client service and superior long-term financial performance for our shareholders. We conduct our business in increasingly complex markets. Our people must continually find new ways to provide access to capital, manage risk and provide investment opportunities for our clients to enable them to realize their goals. We judge ourselves on our ability to help clients anticipate and respond to changing market conditions and to create opportunities that merit the trust they place in us.
BUSINESS UNIT OVERVIEW
This role is part of the Listed Derivatives Operations team based in Bengaluru which is part of the broader Securities Division. We are present globally across the major GS offices, i.e. Tokyo, Singapore, Bangalore, London, Warsaw, New York and Salt Lake City. We have a global remit and provide support to various Futures exchanges globally. Working closely with multiple internal and external clients and counter parties by validating, allocating and resolving queries associated with futures and listed options trades. The team is also responsible for proactively identifying ways to improve processes to achieve overall efficiency and effectiveness. The candidate must be flexible with work-hours.
JOB SUMMARY AND RESPONSBILITIES
The team is responsible for clearing, matching, reconciling and margining the futures and options trades across various futures exchanges. The candidate will be responsible to ensure functions are performed accurately in a timely manner. Key functions of Listed Derivatives Operations in Bangalore are as follows:
Reconciliation of consistency across GS entities and among various ledgers
Reconciliation of GS books and records to the exchanges
Process T+ close outs across various clearing houses and external brokers
Submission of client money data
Monitor and follow up with counterparty brokers on trade and brokerage related queries
Generating various reports for regulators and internal clients
Testing new systems and architectures
Managing exchange mandated and regulatory projects
This position description is intended to describe the duties most frequently performed by an individual in this position. It is not intended to be a complete list of assigned duties but to describe a position level. The role shall be performed within a professional office environment. Goldman Sachs has health and safety polices that are available for all workers upon request. There are no specific health risks associate with the role.
BASIC QUALIFICATIONS
Undergraduate degree required
Work with multiple regions to drive processes with consistency and accuracy
Ability to work independently as well as in a global team environment
Ability to work in a fast paced environment by prioritizing and executing efficiently
Identify opportunities to improve or streamline existing processes and transactions
Flexibility to work across multiple projects and adapt to changing priorities
Ability to analyze data and make judgments based on GS policies and standards
PREFFERED QUALIFICATIONS
4 plus years of full time work experience in LD or other securities markets functions
Technical expertise – strong analytical skills. Along with proficiency in MS office applications (Outlook, Excel, PowerPoint)
Attention to details and the proven ability to deliver with accuracy and thoroughness
Time management skills - manage multiple urgent deliverables and can prioritize workload to anticipate and meet deadlines. Ability to deal effectively and work under pressure within a global environment
Client and business focus – effectively handles difficult requests; builds trusting relationships with clients and team members; helps the client to identify/define needs and manages client/business expectations; delivers on client commitments
Communication – clear and concise written and verbal communication with regional and global teams
Teamwork – collaborate with team members and regional stakeholders to add value
Judgement - handle high degree of confidential information with complete discretions
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
Listed Derivatives team is seeking a professional with strong analytical and communication skills and with the ability to work in a fast paced challenging environment, managing Listed Derivatives Clearing flows, reconciliations and associated risks related to derivative transactions across our European and Asian client base. The role requires candidate to be able to perform and also manage functions across markets with in depth understanding of risk management and client experience.
OUR IMPACT
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centres around the world. Founded in 186+, Goldman Sachs has long sustained a commitment to hiring and training outstanding leaders. Our business principles are rooted in integrity, a commitment to excellence, innovation and teamwork. These values enable us to execute successfully a business strategy that is focused on extraordinary client service and superior long-term financial performance for our shareholders. We conduct our business in increasingly complex markets. Our people must continually find new ways to provide access to capital, manage risk and provide investment opportunities for our clients to enable them to realize their goals. We judge ourselves on our ability to help clients anticipate and respond to changing market conditions and to create opportunities that merit the trust they place in us.
BUSINESS UNIT OVERVIEW
This role is part of the Listed Derivatives Operations team based in Bengaluru which is part of the broader Securities Division. We are present globally across the major GS offices, i.e. Tokyo, Singapore, Bangalore, London, Warsaw, New York and Salt Lake City. We have a global remit and provide support to various Futures exchanges globally. Working closely with multiple internal and external clients and counter parties by validating, allocating and resolving queries associated with futures and listed options trades. The team is also responsible for proactively identifying ways to improve processes to achieve overall efficiency and effectiveness. The candidate must be flexible with work-hours.
JOB SUMMARY AND RESPONSBILITIES
The team is responsible for clearing, matching, reconciling and margining the futures and options trades across various futures exchanges. The candidate will be responsible to ensure functions are performed accurately in a timely manner. Key functions of Listed Derivatives Operations in Bangalore are as follows:
Reconciliation of consistency across GS entities and among various ledgers
Reconciliation of GS books and records to the exchanges
Process T+ close outs across various clearing houses and external brokers
Submission of client money data
Monitor and follow up with counterparty brokers on trade and brokerage related queries
Generating various reports for regulators and internal clients
Testing new systems and architectures
Managing exchange mandated and regulatory projects
This position description is intended to describe the duties most frequently performed by an individual in this position. It is not intended to be a complete list of assigned duties but to describe a position level. The role shall be performed within a professional office environment. Goldman Sachs has health and safety polices that are available for all workers upon request. There are no specific health risks associate with the role.
BASIC QUALIFICATIONS
Undergraduate degree required
Work with multiple regions to drive processes with consistency and accuracy
Ability to work independently as well as in a global team environment
Ability to work in a fast paced environment by prioritizing and executing efficiently
Identify opportunities to improve or streamline existing processes and transactions
Flexibility to work across multiple projects and adapt to changing priorities
Ability to analyze data and make judgments based on GS policies and standards
PREFFERED QUALIFICATIONS
4 plus years of full time work experience in LD or other securities markets functions
Technical expertise – strong analytical skills. Along with proficiency in MS office applications (Outlook, Excel, PowerPoint)
Attention to details and the proven ability to deliver with accuracy and thoroughness
Time management skills - manage multiple urgent deliverables and can prioritize workload to anticipate and meet deadlines. Ability to deal effectively and work under pressure within a global environment
Client and business focus – effectively handles difficult requests; builds trusting relationships with clients and team members; helps the client to identify/define needs and manages client/business expectations; delivers on client commitments
Communication – clear and concise written and verbal communication with regional and global teams
Teamwork – collaborate with team members and regional stakeholders to add value
Judgement - handle high degree of confidential information with complete discretions
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|Matching| Shaping| Allocation|Associate 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.
