03 Aug
|
Goldman Sachs
|
Bengaluru
03 Aug
Goldman Sachs
Bengaluru
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
Interest Rates Product Operations is a critical control and support function for the Interest Rates Derivatives business, managing the
end-to-end trade life-cycle through its Middle Office, Drafting, Confirmations, and Settlement teams.
The Middle Office provides essential risk management by facilitating trade validation, enrichment, and exception management
immediately following execution to ensure books and records accuracy. The Drafting team is responsible for the precise preparation
and negotiation of legal documentation, including bespoke structured confirmations and ISDA standard templates. The Confirmations
team focuses on the timely execution and matching of OTC trade terms with external counterparts to mitigate legal and operational
risk. Finally, the Settlement team manages the accurate exchange of cash flows, manages payment obligations, and ensures the
finality of financial transactions.
Collectively, these teams provide comprehensive daily monitoring and operational oversight for a wide range of IRP products and
business lines, ensuring seamless execution from trade capture to final maturity.
Middle Office
- Mitigate operational risk by identifying and resolving key economic differences between internal bookings and client records
immediately following trade execution.
- Maintain daily interaction with Trading and Sales desks to ensure trade discrepancies are resolved in real-time.
- Engage with Front Office and Technology teams to facilitate the resolution of technical production issues and system
enhancements.
Drafting
- Responsible for the precise drafting of legal confirmations for OTC derivative transactions, ensuring alignment with industry
standards and bespoke trade terms, apply a high-level understanding of ISDA terms, definitions, and templates to ensure legal
enforceability.
- Review and validate trade economics against legal documentation prior to dispatching confirmations to counterparties.
Confirmations
- Proactively follow up with clients to ensure the timely execution and return of legal confirmations.
- Resolve discrepancies and disputes raised by clients regarding trade confirmations in a timely and professional manner.
Settlement
- Oversee the accurate settlement of cash flows, including coupon payments, swap resets, and trade maturities.
- Ensure all payment obligations are met and reconciled within established timelines to mitigate liquidity and credit risk.
- Investigate and resolve cash and position breaks to maintain the accuracy of the firm’s financial records.
General Expectations
- Continually review and improve operational processes to enhance risk management, quality, and cost-effectiveness.
- Develop and maintain deep subject matter expertise in Interest Rates markets, derivative products, and the broader financial
landscape.
ABOUT GOLDMAN SACHS
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in Current York and maintains offices in all major financial centers around the world. © The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.
We Offer Best-In-Class Benefits
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.
Holiday & Vacation Policies
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 perks our firm has to offer.
Opportunity Overview
CORPORATE TITLESenior Analyst
OFFICE LOCATION(S)Bengaluru
JOB FUNCTIONSettlements
DIVISIONGlobal Banking & Markets
📌 GBM - Public Dept-Bengaluru-Senior Analyst-Settlements
🏢 Goldman Sachs
📍 Bengaluru