Operations is a dynamic, multi-faceted division 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.
We are looking for a professional who wants to use their skills and experience to help deliver on operations agenda while challenging themselves to further their career at Goldman Sachs.
The Confirmations and Drafting group is part of FICC Operations within Securities Division Operations. The principle objective of the group is to reduce the risk associated with complex derivative transactions by performing independent and thorough manual review of the booking versus the legal document. The group engages in intensive interaction with the traders, structurers, strategists/quants and documentation teams. The group also interacts with other departments such as Middle Office, Finance, IT, etc.
JOB SUMMARY AND RESPONSBILITIES
The review process fully covers all aspects of the trade, including the following:
Ensuring all the trade economics, pay-off profiles (complex structure payoffs) and pricing factors are correctly captured in the product valuation. Identifying material risks with respect to modelling and booking methodology deficiencies as well as discrepancies with the trade documentation. Proposing booking model and documentation amendments and co-ordinating the implementation of enhancements.
The Tradable Usage and Transaction Governance group has very comprehensive exposure to almost all derivative asset classes. The team is globally responsible for the review of the following exotic asset classes:
The candidate will be expected to gain thorough knowledge of roughly two asset classes and relevant risk management systems within first 12 months.
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 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.
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