Global Banking & Markets Operations- Derivatives Risk Middle Office- New York- Associate New Yo[...]

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

Job summary

A leading financial institution in New York is seeking an experienced professional for the Derivatives Risk Middle Office. Responsibilities include providing operational support for equity derivatives, managing risk, and ensuring efficient execution across various client and trading activities. Ideal candidates possess strong technical skills and relevant experience in financial services, demonstrating the ability to thrive under pressure while managing multiple tasks.

Benefits

Healthcare & Medical Insurance

Competitive vacation policies

Financial support for higher education

On-site fitness centers

On-site child care centers

Qualifications

• Minimum three years of experience in Financial services.
• Ability to demonstrate understanding of Equity Derivative structures.
• Strong team-working and leadership skills.

Responsibilities

• Manage risk & P&L by providing operational support to equity front office.
• Perform trade and risk reconciliation and monitor controls.
• Handle incoming queries from trading desks and clients.

Skills

Functional Expertise

Technical Skills

Client and Business Focus

Teamwork

Communication Skills

Judgement and Problem solving

Drive and Motivation

Education

Bachelor's degree

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 intenselytowardextremely 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 .

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.