Goldman Sachs Bank AG
Global Banking & Markets Operations - Commodities Settlements - Analyst - Bengal
Goldman Sachs Bank AG, New York, New York, us, 10261
Opportunity Overview sitemap_outline CORPORATE TITLE Analyst language OFFICE LOCATION(S) Bengaluru assignment JOB FUNCTION Settlements account_balance DIVISION Global Banking & Markets
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 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 Commodities Operations Team is responsible for ensuring the integrity and accuracy of risk undertaken by the Commodities Business globally. Team works very closely with Sales and Trading teams to facilitate all aspects of Operational Risk and Control Framework. The functions involve:
Matching of all trades
Performing trade checkout of exotic transactions
Facilitating new business
Drafting documents for executed trades
Confirming economic and legal terms of trades with clients electronically and on paper
Settling trades
YOUR IMPACT We are looking for a professional and dynamic individual with a strong interest in Commodities. The ideal candidate would be able to excel in a high-profile and fast paced team whose primary responsibilities include (i) partnering with the Commodities Sales and Trading Desks to ensure the integrity and accuracy of Derivative and Physical Trading risks undertaken by such businesses, as well as (ii) driving and implementing change to ensure we are optimally managing and monitoring risks, in an increasingly demanding and complex regulatory environment.
JOB SUMMARY & RESPONSIBILITIES
Develop a deep knowledge of commodities and derivative transactions
Find and resolve booking discrepancies across complex derivative businesses
Experience in Commodities Confirmations and/or Settlements process
Daily interaction with Trading & Sales to ensure discrepancies are resolved immediately
Engage with front office and technology to help facilitate the resolution of technical production issues
Manage, monitor and investigate reporting breaks and process failures; identify and implement corrective actions
Ensure that processes are continually reviewed and improved, risk is managed, and results are achieved that meet expectations for timeliness, quality and cost effectiveness within the department
Understanding of Commodities markets and products along with basic financial knowledge and terms
Key characteristics of Derivative Products (ex. expiration, strike, premium etc.)
High Level understanding of ISDA terms
BASIC QUALIFICATIONS
Bachelor’s degree with competitive GPA
Proficient with Microsoft applications
Ability to demonstrate strong technical skills and keen attention to detail
PREFFERED QUALIFICATIONS
Demonstrated attention to detail in previous role on an ongoing basis
Experience in understanding and breaking down complex structured products would be a big plus
Team player with a collaborative style and strong interpersonal skills
Effectively handle difficult requests, build long-term relationships with the business and be able to manage expectations
Strong written and verbal communication skills with ability to be clear and concise
Self-starter who thinks ahead, anticipates questions, finds alternative solutions and identifies clear objectives
Able to successfully multi-task, work towards extremely challenging goals and persist in the face of obstacles
Able to adapt to changes and new challenges
Strong analytical and organizational skills, critical thinking, and an ability to suggest improvements and identify risks
Service orientation, sense of urgency, ability to manage internal clients’ expectations and professionalism
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.
Goldman Sachs is an equal employment/affirmative action employer
Healthcare & Medical Insurance
We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.
We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.
Financial Wellness & Retirement
We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.
Health Services
We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.
Fitness
To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).
Child Care & Family Care
We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.
Benefits at Goldman Sachs
Read more about the full suite of class-leading benefits our firm has to offer.
#J-18808-Ljbffr
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 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 Commodities Operations Team is responsible for ensuring the integrity and accuracy of risk undertaken by the Commodities Business globally. Team works very closely with Sales and Trading teams to facilitate all aspects of Operational Risk and Control Framework. The functions involve:
Matching of all trades
Performing trade checkout of exotic transactions
Facilitating new business
Drafting documents for executed trades
Confirming economic and legal terms of trades with clients electronically and on paper
Settling trades
YOUR IMPACT We are looking for a professional and dynamic individual with a strong interest in Commodities. The ideal candidate would be able to excel in a high-profile and fast paced team whose primary responsibilities include (i) partnering with the Commodities Sales and Trading Desks to ensure the integrity and accuracy of Derivative and Physical Trading risks undertaken by such businesses, as well as (ii) driving and implementing change to ensure we are optimally managing and monitoring risks, in an increasingly demanding and complex regulatory environment.
JOB SUMMARY & RESPONSIBILITIES
Develop a deep knowledge of commodities and derivative transactions
Find and resolve booking discrepancies across complex derivative businesses
Experience in Commodities Confirmations and/or Settlements process
Daily interaction with Trading & Sales to ensure discrepancies are resolved immediately
Engage with front office and technology to help facilitate the resolution of technical production issues
Manage, monitor and investigate reporting breaks and process failures; identify and implement corrective actions
Ensure that processes are continually reviewed and improved, risk is managed, and results are achieved that meet expectations for timeliness, quality and cost effectiveness within the department
Understanding of Commodities markets and products along with basic financial knowledge and terms
Key characteristics of Derivative Products (ex. expiration, strike, premium etc.)
High Level understanding of ISDA terms
BASIC QUALIFICATIONS
Bachelor’s degree with competitive GPA
Proficient with Microsoft applications
Ability to demonstrate strong technical skills and keen attention to detail
PREFFERED QUALIFICATIONS
Demonstrated attention to detail in previous role on an ongoing basis
Experience in understanding and breaking down complex structured products would be a big plus
Team player with a collaborative style and strong interpersonal skills
Effectively handle difficult requests, build long-term relationships with the business and be able to manage expectations
Strong written and verbal communication skills with ability to be clear and concise
Self-starter who thinks ahead, anticipates questions, finds alternative solutions and identifies clear objectives
Able to successfully multi-task, work towards extremely challenging goals and persist in the face of obstacles
Able to adapt to changes and new challenges
Strong analytical and organizational skills, critical thinking, and an ability to suggest improvements and identify risks
Service orientation, sense of urgency, ability to manage internal clients’ expectations and professionalism
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.
Goldman Sachs is an equal employment/affirmative action employer
Healthcare & Medical Insurance
We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.
We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.
Financial Wellness & Retirement
We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.
Health Services
We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.
Fitness
To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).
Child Care & Family Care
We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.
Benefits at Goldman Sachs
Read more about the full suite of class-leading benefits our firm has to offer.
#J-18808-Ljbffr