Global Banking & Markets Operations- Derivatives Risk Middle Office- New York- Associate

Goldman Sachs; New York (NY); On-site; USD 80,000 - 135,000; Full time

Job summary

Goldman Sachs is looking for an Associate for its Global Banking & Markets Operations- Derivatives Risk Middle Office team in New York. This role involves managing operational support for equity derivatives, ensuring timely risk management across various trading desks, and handling client queries while maintaining strong relationships internally and externally.

Benefits

Competitive salary

Discretionary bonuses

Comprehensive benefits and wellness offerings

Qualifications

• Minimum of three years of experience in Financial services.
• Understanding of Equity Derivative structures.
• Excellent communication and interpersonal skills.

Responsibilities

• Manage risk & P&L by providing operational support to equity front office personnel.
• Perform allocation of OTC trades and resolve economic breaks.
• Handle queries from trading desks and ensure timely resolution.

Skills

Functional Expertise

Technical Skills

Drive and Motivation

Client and Business Focus

Teamwork

Communication Skills

Judgement and Problem solving

Creativity/Innovation

Influencing Outcomes

Education

Bachelor's degree

Job description

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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.

Job Description

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

Derivatives Risk Middle Office provides front to back post-execution support to all equity based derivative activity in North America. The team has critical focus on front office day to day risk and trading issues, new issuances, client queries, corporate actions processing and strategic firm and business infrastructure projects.

Derivatives Risk Middle Office acts as first point of contact for the various Equity and Equity Derivatives Trading desks, assisting in the execution of both new client and hedging activity. Our clients execute across a range of products e.g OTC and Listed Options, Securitized Issuances, Structured Derivatives, Synthetics, ETFs, and cash equity. It is our responsibility to ensure positions are booked in a timely manner and maintained accurately in our risk systems throughout the lifecycle of the product. 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.

Responsibilities And Qualifications

• Actively manage risk & P&L by providing operational support to all equity front office personnel
• Assist with and perform allocation of a high number of OTC trades across a number of flows & resolution of any resulting economic breaks
• Efficiently handle incoming queries from trading desks, sales, external clients & other internal federation teams (Technology, Compliance, Legal, Controllers, etc.)
• Perform trade and risk reconciliation and monitor controls around the different business supported, particularly around Corporate Actions
• 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
  
  

COMPETENCIES

• Functional Expertise - Keeps up-to-date with emerging business, economic, and market trends. Product knowledge, ideally of derivatives in general, equity in particular
• Technical Skills - Demonstrates strong technical skills required for the role, strong 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 toward 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 internal and external clients, helps the client to identify/define needs and manages stakeholder’s 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. Strong ability to effectively multi-task and prioritize various deliverables
• 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
  
  

Basic Skills & Experience We're Looking For

• Bachelor's degree with a minimum of three years of experience in Financial services
• Ability to demonstrate a sound of understanding of a range of Equity Derivative structures.
• Strong Team-working skills – for working with both internal departments in New York and globally
• Track record in the development of client relationships and key stakeholders, both internally and externally
• Ability to gain a strong understanding of the business and work with Marketing, Structuring, Trading and Sales desks
• Excellent communication and interpersonal skills
• Ability to thrive under pressure
• Strong leadership skills essential – this role will require a self-starter who can manage competing deadlines and can prioritize appropriately
  
  

Salary Range

The expected base salary for this New York, New York, United States-based position is $80000-$135000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits

Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here .

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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