Global Banking & Markets Operations-Synthetics Settlements Ops-Analyst

YOUR IMPACT
Goldman Sachs is a meritocracy where you will be given all the tools to help you develop. At Goldman Sachs, you will have access to excellent training programmes designed to improve multiple facets of your skills portfolio. Our in-house training programme, ‘Goldman Sachs University’ offers a comprehensive series of courses that you will have access to as your career progresses. Goldman Sachs University has an impressive catalogue of courses which span technical, business and leadership skills training. In order to help you navigate the organization, you will be given a mentor from outside of your immediate department. This person will be positioned to provide you with objective advice and guidance on your career development. We value internal mobility. The chance to take on new challenges in the firm over time will ensure that you remain stimulated and will help in your continued professional and personal development. Goldman Sachs is an Equal Employment Opportunity Employer and does not discriminate in employment on the basis of age, race, colour, gender, national origin, disability, veteran status, or any other basis that is prohibited by applicable law..

OUR IMPACT
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world. Founded in 1869, Goldman Sachs has long sustained a commitment to hiring and training outstanding leaders. Our business principles are rooted in integrity, a commitment to excellence, innovation and teamwork. These values enable us to execute successfully a business strategy that is focused on extraordinary client service and superior long-term financial performance for our shareholders. We conduct our business in increasingly complex markets. Our people must continually find new ways to provide access to capital, manage risk and provide investment opportunities for our clients to enable them to realise their goals. We judge ourselves on our ability to help clients anticipate and respond to changing market conditions and to create opportunities that merit the trust they place in us. We are committed to growing our distinctive Culture and upholding our core values which always place our client's interests first. These values are reflected in our Business Principles, which emphasise integrity, commitment to excellence, innovation and teamwork.

BUSINESS UNIT OVERVIEW

 We have Collateral Management (Cleared and non-cleared), Portfolio Reconciliation and Margin Lending which are part of Margin, Collateral Valuations Operations (MCVO) sits within the Goldman Sachs Operations organization. A global, multi-faceted and cross product function, the primary objective of the department is the mitigation of counterparty credit risk through the active monitoring of clients’ derivative, prime brokerage, GS execution & clearing, derivatives clearing and securities financing portfolios.  The Bangalore MCVO team is works in close partnership with teams in New York, London, Singapore & Salt Lake City.

 Products supported include foreign exchange, commodities, credit, equity, interest rate and bespoke structured derivatives, equities , fixed income & OTC Cleared derivatives. The team manages a wide range of complex processes, with members developing skills and competencies around derivative & security products and their respective business areas, legal agreements, technology flows and regulations.

An employee within MCVO will primarily be focused on the mitigation of counterparty credit risk through the performance of a number of operational processes. They will be expected to perform these functions as well as demonstrating innovation and a proactive approach, highlighting inefficiencies, risks and implementing improvements. In addition, they will also be expected to provide a high level of service to their clients. The role will involve close interaction with a wide range of areas of the bank including Credit Risk Management, Legal and Compliance, Sales, Trading, Controllers, Middle Office, Client Representatives, Client  Clearing Services and other Operations Departments. As a result the successful candidate will be required to possess strong communication skills..

HOW YOU WILL FULFILL YOUR POTENTIAL

 Calculation and issuance of margin calls, including validation and follow up, ensuring calls are met in a timely manner
 Manage day to day processing of various tasks and manage risk effectively through prioritization for the business and firm
 Respond to and manage incoming queries across multiple stakeholders and resolve all client disputes
 Optimize clients’ operational efficiency by offering innovative yet tangible solutions that meet their needs
 Communicate and connect with multiple levels of the organization
 Demonstrates a strong risk management culture and continues to look for opportunities to identify and mitigate risk.
 Excellent communication and interpersonal skills with a strong appreciation of client service
 Proactively working on enhancing the team’s process and controls   

BASIC QUALIFICATOINS

 Bachelor’s degree
 Strong motivation to succeed, both as an individual and as a team
 Ability to work under pressure, prioritize and meet deadlines
 Effective problem solving and critical-thinking skills
 Ability to use discretion and good judgement
 Good understanding of products, functioning and risk
 Excellent communication and interpersonal skills with a strong appreciation of client service

PREFERRED QUALIFICATIONS

 Strong analytical skills and exposure to project work
 Ability to deal with multiple complex issues at the same time while meeting client deadlines
 Understanding of derivatives and interest in financial markets
 Ready to take on challenges with positive attitude and work in a dynamic environment

FUNCTIONAL RESPONSIBILITIES

 Margin Call analysis , validation and Issuance for Futures and OTC Clearing Clients
 Ensure timely and accurate settlement of of all margin movements.
 Day to day Break management to ensure Ledger integrity and integrity in margin calculations
 Working with Clearing Houses to ensure margin calls are covered
 Optimize the margin collateral with Clearing houses by ensuring optimal buffers.
 Respond to and manage incoming queries from internal and external stakeholders
 Resolution and escalation of all client disputes and queries
 Proactively working on enhancing the team’s process and controls   
 Project and initiative management