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344 Goldman Sachs Jobs

Global Banking & Markets Operations - Vice President

8-13 years

₹ 16 - 97L/yr (AmbitionBox estimate)

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This is an estimate of the average salary range for this position. It has not been reviewed by the company, and the actual salary may differ.

Bangalore / Bengaluru

1 vacancy

Global Banking & Markets Operations - Vice President

Goldman Sachs

posted 15d ago

Job Description

Global Banking & Markets Operations - Position Control - Vice President - Bengaluru
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.
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 firms 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
We promote continuous learning by way of cross training and business engagement across the front to back stack of reconciliations functions in the Global Markets EQ and FI Asset classes. Your role will involve active engagement and partnership with the sales, trading, credit, legal and other operations teams which will be key to effectively manage the risk and business / client expectations for the trades we support. In addition to the responsibilities assigned to you, you will be expected to contribute ideas towards enhancement and streamlining the activities, leveraging Business Intelligence and data analytics capabilities. You will also manage the team and will be role model for the people you are managing hence leading by example will be crucial for success in the role.
OUR IMPACT
The Global Market Controls manages reconciliation for trading and client positions across EQ and FI business lines. The team is responsible for ensuring all exceptions are investigated and reported in a timely manner. Partnership with multiple groups is key to effective risk management - teams ensure discrepancies are investigated and resolved by leveraging internal sales/trading, technology, legal, and Middle office teams. The individual is required to be dynamic and client service oriented with high focus on risk and control. From an early stage, we develop and expect our people to think creatively and outside the box , as well as improving the daily process and taking responsibility and ownership for this to happen. The role also requires the ability to seamlessly switch between multiple activities and significant interaction with stakeholders so communication will be a key asset.
JOB SUMMARY AND RESPONSBILITIES
  • Risk management of reconciliation queues.
  • Planning, monitoring & managing workflows by delegating queues to team members, approving high risk/value transactions and supervision of functions to ensure completion with timeliness and accuracy
  • Extract, analyze & interpret key data from source reports for proactive stakeholder communication around risk
  • Managing inward & outward escalations internally/externally to mitigate Operational, Reputational, Regulatory & Financial risk
  • Weekly risk reviews and effective KRI(Key Risk Indicator) reporting
  • Liaising with internal teams and stakeholders to manage accurate books & records
  • Review daily exception reports and resolve any outstanding items pertaining to team s responsibilities
  • Pro-actively work with external clients and other dealers to resolve economic and language discrepancies on Equity deals
  • Partner with internal teams - Sales , Trading, Credit, Technology and other operations teams to ensure timely reconciliation and risk management.
  • Accurate and timely settlement of cash-flows with adherence to the internal payment policy and procedures
  • Maintain accurate and clean post settlement work-flows - breaks, fails, etc
  • Design and initiate process improvements with thorough understanding of the teams processes and controls
  • Resolution and escalation of all client disputes and queries
  • Career mapping for team members with focus on their knowledge enhancement, career growth and job enrichment in the firm
  • Coaching and guidance for team members by providing regular feedback, planning & scheduling training requirements
  • Annual Employee performance review and delivery of feedback
  • Project and initiative management and participation within the team and across regions
MINIMUM QUALIFICATIONS
  • Bachelors degree
  • Minimum 8 years of experience Operations, of which minimum of 4 years experience in Reconciliation [Equity and FI] in a supervisory/manager capacity.
  • Ability to demonstrate experience in managing relationship with clients and improving client experience.
  • Proven track record of individual motivation and team leadership. In addition, experience is required of managing a migration of functions across regions.
  • Ability to work under pressure, prioritize and meet deadlines, at the same time maintain a clear and attention to detail on risk mitigation and control.
  • Effective problem solving and critical-thinking skills
  • Ability to use discretion and good judgment and have the ability to deal with multiple complex issues at the same time whilst meeting client deadlines
  • Excellent communication and interpersonal skills with a strong appreciation of client service
  • Proven experience of managing teams in the field of reconciliation.
  • Demonstrate experience of active engagement, stakeholder management and partnership across business lines and divisions

Employment Type: Full Time, Permanent

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What people at Goldman Sachs are saying

3.2
 Rating based on 65 Vice President reviews

Likes

I like that it hires the best lot and you know you are around brainy ppl.I like the infrastructure of premises.

    Dislikes

    Politics at senior level.its more of a govt bank wherever 90% ppl are born and bred here and they would have more influence 9ver stakeholders than a lateral hire would ever have.they can make or break your image and no one would bother to hear your side of story Also they make you work 10 hours everyday and ask you to enter the same hours on timesheet so bargain better

    • Skill development - Bad
      +4 more
    Read 65 Vice President reviews

    Vice President salary at Goldman Sachs

    reported by 1.6k employees with 4-18 years exp.
    ₹19.2 L/yr - ₹72.1 L/yr
    At par with the average Vice President Salary in India
    View more details

    What Goldman Sachs employees are saying about work life

    based on 1.2k employees
    67%
    88%
    79%
    91%
    Flexible timing
    Monday to Friday
    No travel
    Day Shift
    View more insights

    Goldman Sachs Benefits

    Cafeteria
    Work From Home
    Health Insurance
    Free Transport
    Gymnasium
    Child care +6 more
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