• Operations - Securities Division Operations - Margin, Collateral & Val Ops - Ready to Margin Ops - Analyst - Bengaluru

    Location(s) IN-Bengaluru
    Job ID
    2019-58566
    Schedule Type
    Full Time
    Level
    Analyst
    Function(s)
    Operations
    Region
    India
    Division
    Operations
    Business Unit
    Ready to Margin Ops
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    OPERATIONS

     

    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.

     

     

    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 centers around the world.
    Founded in 1869, 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 realise 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.

     

     

    YOUR IMPACT

     

    The Portfolio Reconciliation Team falls under the broader MVP (Margin, Valuations and Pricing) umbrella, which is within the greater LCO (Liquidity and Collateral Operations) Division. This Division supports all areas of the firm dealing with funding, cash movement, collateral and margin management and pricing. Portfolio reconciliation is responsible for ensuring the reconciliation of positions is accurate and any discrepancy resolved in the given SLA. The team manages a variety of products (mainly derivatives) and is responsible for ensuring clients and 3rd party reconciliation tools receive their reports on a timely fashion according to their requirements. This is a function in line with the new Dodd-Frank requirements.

    RESPONSIBILITIES AND QUALIFICATIONS

    JOB SUMMARY AND RESPONSIBILITIES

    • Risk management and day to day functional oversight with respect to team’s daily operations and regulatory compliance
    • Review and enhance current processes to realize efficiencies and to better manage embedded risk
    • Enhance and evolve the functional risk management framework , processes and infrastructure
    • Liaise with clients and internal counterparts in order to track and resolve position discrepancies and disputes
    • Communicate and Escalate issues internally and externally
    • Review and approval of management and regulatory reports

    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

    • Ability to generate creative solutions to problems and challenge processes, be willing to dig into the detail to resolve issues
    • Flexible to manage differing challenges and ever-increasing complex nature of transactions
    • Confidence to interact with external clients
    • Ability to learn quickly in a fast moving environment. Team oriented approach to sharing workload and leverage skill sets
    • Strong organizational skills and the ability to cope with rapidly changing priorities throughout the day are essential
    • Strong attention to detail and the ability to keep track of a large and varied workload
    • Familiarity with/ability to learn Excel macros and other functions

     

    PREFERRED QUALIFICATIONS

    • Functional Expertise - Keeps up-to-date with emerging business, economic, and market trends
    • Technical Skills - Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills
    • Drive and Motivation - Successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
    • Client and Business Focus - Effectively handles difficult requests, builds trusting, long-term relationships with clients, helps the client to identify/define needs and manages client/business expectations
    • Teamwork – Gives evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions
    • Communication Skills - Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with others
    • Judgement and Problem solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyses complex issues
    • Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value
    • Influencing Outcomes - Presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences others' opinions and presents persuasive recommendations

    ABOUT GOLDMAN SACHS

    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.

    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., 2020. All rights reserved.
    Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

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