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

    Location(s) IN-Bengaluru
    Job ID
    2019-58880
    Schedule Type
    Full Time
    Level
    Associate
    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.

     

    YOUR IMPACT


    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.

     

    OUR IMPACT

     

    We have Collateral Management (Cleared and non-cleared), Portfolio Reconciliation and Margin Lending which are part of Margin, Collateral Valuations Operations (MCVO) sits within the Goldman Sachs Operations organization. A global, multi-faceted and cross product function, the primary objective of the department is the mitigation of counterparty credit risk through the active monitoring of clients’ derivative, prime brokerage, GS execution & clearing, derivatives clearing and securities financing portfolios.  The Bangalore MCVO team is works in close partnership with teams in New York, London, Singapore & Salt Lake City.

    Products supported include foreign exchange, commodities, credit, equity, interest rate and bespoke structured derivatives. The team manages a wide range of complex processes, with members developing skills and competencies around derivative & security products and their respective business areas, legal agreements, technology flows and regulations.

    RESPONSIBILITIES AND QUALIFICATIONS

    JOB SUMMARY AND RESPONSIBILITIES

     

    An employee within MCVO will primarily be focused on the mitigation of counterparty credit risk through the performance of a number of operational processes. They will be expected to perform these functions as well as demonstrating innovation and a proactive approach, highlighting inefficiencies, risks and implementing improvements. In addition, they will also be expected to provide a high level of service to their clients.

     

    The role will involve close interaction with a wide range of areas of the bank including Credit Risk Management, Legal and Compliance, Sales, Trading, Controllers, Middle Office, Client Representatives, Central Clearing Services and other Operations Departments. As a result the successful candidate will be required to possess strong communication skills.

     

    We promote cross training and ensure our employees develop a broad level of understanding across the varied departmental functions carried out. You can expect to be given early responsibility and in return you will be expected to contribute your own ideas to make a difference and add value to the group.

     

    Some specific set of responsibilities are

    • New client on-boarding for collateral management
    • Extensive external interaction (With Clients, Vendors and Central Clearing counterparties[CCPs] )
    • Communicate and Escalate issues internally and externally
    • Liaise with clients and internal counterparts in order to track and resolve position discrepancies, breaks and disputes Define go live timelines and expectations
    • Performing a number of control functions, ensuring the integrity of our processes
    • Review and approval of management and regulatory reports
    • Risk management and day to day functional responsibilities 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
    • Participate in all new product reviews to ensure they can be supported in a scalable way

    In addition to their core responsibilities, employees are also expected and encouraged to be involved with a number of projects.

     

     

    BASIC QUALIFICATIONS

    • Strong numerical, analytical and problem solving skills
    • The role is client facing so the employee will require strong communication skill and should be highly articulate with a strong appreciation of client service
    • Flexible to manage differing challenges and ever-increasing complex nature of transactions
    • 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 multi-tasking skills to balance competing priorities and meet deadlines
    • Ability to generate creative solutions to problems and challenge processes, be willing to dig into the detail to resolve issues

     

    PREFERRED QUALIFICATIONS

    • Familiarity with/ability to learn Excel macros and other functions
    • Good working knowledge of product flows and systems, including OTC derivatives, cleared business, prime brokerage and intercompany processes
    • Prior experience with the collateral management functions, systems, flows, products and client base
    • Evidence of experience working within Financial Services with exposure to Over the Counter Derivatives.
    • Languages will be beneficial as the Analyst will be interacting with clients from across Europe

    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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