Trade Processing

Goldman Sachs Bank AG; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

Goldman Sachs is seeking a member for the Exotic Trade Review team within Operations in Singapore. The role focuses on review of derivative trades, risk awareness, and ensuring accurate booking and documentation across multiple locations.

The candidate will work with Traders, Strategists and Middle Office to mitigate risk, improve processes and deliver robust controls in a fast-paced environment.

Qualifications

• Proven analytical skill and problem solving ability.
• Ability to communicate complex issues to internal clients.
• Self-motivated, proactive team player with strong organizational skills.

Responsibilities

• Interact with Traders, Strategists, Sales and Structurers to learn lifecycle of a trade and mitigate risk.
• Review economic aspects of Derivative trades and enhance exotic derivatives knowledge.
• Ensure trade economics, payoff profiles and pricing are captured in risk systems.
• Identify control weaknesses in booking methodology and discrepancies in legal docs.
• Decompose structured payoff payoffs and propose robust booking solutions.
• Collaborate with teams to automate and improve processes and resolve queries across locations.
• Monitor and control operational risk throughout trade processing lifecycle.
• Become a subject matter expert to drive risk reduction and efficiency.

Skills

Analytical skills

Attention to detail

Communication

Teamwork

Stress resilience

Education

Quantitative educational background

Job description

Operations

Operations is a dynamic, multi-faceted division that partners with all areas of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. Alongside this vital service delivery role, Operations provides essential risk management and control, preserving and enhancing the firm’s assets and its reputation. Operations span all product lines and markets, serving as internal business partners who develop the processes and controls, and help to specify the systems that deliver accuracy, timeliness and integrity to our business.

Global Banking & Markets Division (Equity Derivative & Structuring Operations) is responsible for ensuring efficient and accurate transaction processing across a broad range of products. Generally, the products supported are complex instruments that require close alignment with the business. A key focus for the organization is establishing strong risk management procedures and controls to ensure the firm and our clients are properly protected. Global Banking & Markets Division is at the forefront of shaping and driving change in the industry with the ultimate aim of delivering greater accuracy, control and efficiency for our clients and our businesses.

The Exotic Trade Review teamis a cross product high-value risk management team in Operations that mitigates the risk associated with the trade booking and legal documentation of Structured Derivative transactions through independent and thorough review.Exotic Trade Reviewcovers a wide range of EQD businesses and products and works closely with trading to improve trade booking accuracy and ensure appropriatetradeables are being used to validate that all significant terms are being captured in the booking. Our clients execute across a range of products e.g OTC and Listed Options, Securitized Issuances, Structured Derivatives, Synthetics, and cash Equity. It is our responsibility to ensure positions are booked and maintained accurately in our risk systems throughout the lifecycle of the product.Individuals will also work closely with technology and strategists to improve workflows to be more efficient and implement more robust controls.There is a strong emphasis on knowledge and expertise, which requires that all team members be fully versed in products and systems used and how our day to day tasks impact the bottom-line of the firm.

Primary Responsibilities

Prepare to gain a comprehensive understanding of the lifecycle of a trade by interacting with Traders, Strategists, Sales and Structurers in addition to Middle Office, Legal, Product Control and Documentation teams in order to work toward the shared goal of risk mitigation

Partner with a team of product experts to review all economic aspects of Derivative trades while gaining strong Exotic Derivatives knowledge and financial risk awareness

Showcase your attention to detail by ensuring all trade economics, pay-off profiles and pricing factors are correctly captured in the risk management system

Use your inquisitive mind set to identify control weaknesses with respect to booking methodology as well as discrepancies in the legal documentation

Leverage your quantitative skills to decompose complex structured transaction payoffs and propose creative, robust booking solutions

Work in a strong team setting to develop a deeper understanding of complex transactions and work with our business partners to automate and improve our existing processes

Owning and liaising with other teams within GS to ensure timely resolution of queries, seeing operational issues through to resolution by connection with various stakeholder across multiple locations

Monitor and control operational risk throughout the trade processing lifecycle

Become a subject matter expert to mitigate risk and drive efficiencies

Basic Qualifications

Proven analytical skill, problem solving ability and a control mentality paired with meticulous attention to detail

Aptitude for building relationships and ability to communicate complex issues to a wide array of internal clients with differing levels of product experience

Self-motivated and proactive team player who takes ownership and accountability of projects, has strong organizational and communication skills and the ability to effective manage competing priorities

Flexible and able to work well under pressure in a team environment

Preferred Qualifications

Quantitative educational background

Experience in an Equity Derivative, Commodity or Foreign Exchange documentation team or product area, including structured transactions

Ability to remain composed under pressure

Takes actions to ensure that controls are in place and procedures are followed

Candidate must have good communication ability, be proactive, enthusiastic and team oriented

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 opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.

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

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