Global Banking & Markets Operations- BD Services -Analyst-Bengaluru

Goldman Sachs; Karnataka; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Goldman Sachs Bengaluru is seeking professionals to join the Prime Brokerage & Clearing Operations team. Reporting to a Team Manager with VP oversight, you will interact with GS Trading and Sales Desks, Client Services, Engineering and Compliance to ensure accurate processing and timely settlement of transactions.

The role emphasizes building strong stakeholder relationships, delivering transactions within SLAs, handling cash and securities moves, and driving improvements through automation and

Responsibilities

• Developing and maintaining strong relationships with stakeholders – Business, Engineering, Operations and Credit.
• Delivering transactions in agreed timeframes per SLA, improving processing quality and reducing errors.
• Process payments, journals and securities movements per firm guidelines.
• Monitor and resolve trade management exceptions with clients, brokers and Ops teams.
• Conduct pre-matching and fails management to ensure timely settlement with counterparties.
• Investigate discrepancies of positions in the firm’s books and records.
• Provide client service with sensitivity and urgency; escalate high-value breaks to senior mgmt.
• Contribute to implementation of new processes, global consistency, risk management and technology convergence.

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

Our Impact

Prime Brokerage & Clearing Operations provides clearing, execution and custody services for all major products across over 75 exchanges. Clients include hedge funds, asset managers, governments, corporates, broker dealers, Goldman Sachs franchise traders, other professional investors and market markers. Operations teams supporting the Prime Brokerage and Clearing business are responsible for providing centralized securities clearing and settlement, managing cash inflows and payments, and maintaining the accuracy of clients’ positions and transactions. The Prime Brokerage & Clearing Operations consists of three functional teams, namely; Middle Office, Control & Custody Services. Prime Brokerage & Clearing Operations globally is located in London, Jersey City, Salt Lake City, Singapore and Bengaluru. The department’s key priorities are to mitigate risk, provide exceptional client service and drive strategic change.

Job Summary And Responsibilities

The position available is with the Prime Brokerage & Clearing Operations team. The reporting line is to a Team Manager as first line management, with further supervision by the Vice President.

Key stakeholders and interactions will be with GS Trading and Sales Desks, Client Services Group, Engineering and Operations Teams, Credit, Legal, Compliance and external counterparties.

The following tasks give an overview of what is required day to day:

• Developing and maintaining strong relationships with all stakeholders – Business, Engineering, Operations and Credit. Actively engage, partner and drive changes, provide excellent service and support
• Delivering transactions in agreed timeframes, as per SLA’s whilst improving quality of processing, reducing errors and inculcating the zero error culture
• Process payments, journals and securities movements in accordance with Firm guidelines
• Monitoring and resolving trade management exceptions by interacting with clients, brokers & other Ops teams
• Effective pre-matching & fails management tasks to ensure timely settlement of trades with counterparties
• Investigating and resolving discrepancies of positions (cash and securities) in the firm’s books and records.
• Demonstrate effective client service by dealing with client queries with utmost sensitivity & urgency
• Effective escalation on critical & high value breaks to senior management
• Provide technical expertise related to the implementation of new processes, global consistency, risk management, efficiency, and technology convergence initiatives among other projects
• Completing and overseeing daily checklist ensuring all controls, procedures and processes relating to the assigned functions are followed
• Acting as a change agent solving problems at root cause whilst also taking / making opportunities to automate flows

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.