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247 Goldman Sachs Jobs

Global Banking & Markets, Fees and Commissions, Associate

3-8 years

₹ 6.55 - 44L/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, Fees and Commissions, Associate

Goldman Sachs

posted 19hr ago

Job Role Insights

Flexible timing

Job Description

Are you looking to for an opportunity to be part of a team that works directly with exchanges, finance teams, technology teams, and other business partners to solve complex problems and influence change, Fees and Commission is seeking a professional who is looking for an opportunity to develop a variety of soft and hard skills, contribute to and influence business improvements, apply financial and risk management skills, solve complex problems, and deliver excellent client service. You can be an innovator as a business specialist, developing and executing solutions to increase business profitability and strengthen client relationships.

OUR IMPACT

Fees & Commissions the Fees and Commissions team manages income, fee and interest charges for the client and house businesses. The team impacts the success of millions of trades a day and uses data-based decision making to influence strategic business decisions. Adapting to changing client and business needs and accurate management of charges is critical to the profitability of our organization. Team responsibilities include rate maintenance, charge validations, reconciliations, adjustments, payments, cost allocations, system developments, regulatory updates, strategic projects, and business query support. We use data analytics and tools such as Alteryx, Tableau and SQL to make data-driven decisions and suggestions.

How You Will Fulfill Your Potential

 Enhance and improve our processes and functions by developing a deeper understanding of the function and becoming a technical expert.
 Collaborate with our technology and business partners as well as external contacts to improve strategic process workflows.
 Provide timely client or business query support.
 Help build out the team, ensuring that we use best practice in what we always do.
 Use your inquisitive mindset to identify control weaknesses and recommend robust solutions.
 Monitor Futures/listed derivative fees, commission or interest related functions for clients and house businesses.
 Maintain accurate commission, interest, and fee rates for clients in all firm systems.
 Ensure accurate collection and payment for millions of trades a day
 Monitor and approve functions that span the life cycle of a trade such as validations, configurations, adjustments, reconciliations, invoices, and payments.
 Align team expectations and oversee gaps around all phases of the trade and billing life cycle.
 Act as a technical expert to enhance firm’s processes, identify control weaknesses, recommend robust solutions, in collaboration with direct team, internal and external technology and business partners.
 Build teamwork and collaboration across regions.
 Regularly assess client, business and regulatory needs and identify change required.
 Plan and execute projects to increase firm profitability and adhere to any new compliance guidance.
 Develop readiness plan and associated change management strategies for new functionality upgrades on the back of business, regulatory or system upgrades.
 Partner with Business Intelligence team to develop capabilities for new process that would identify and mitigate risk derived from the correlation of quantitative and qualitative data.
 Define project scope and required resources; set objectives and milestones; measure outcomes and their impact.
 Highlight project bottlenecks and propose feasible solutions.
 Collecting, interpreting, and condensing large amount of complex data, and presenting meaningful actionable insights to senior level stakeholders.
 Translating project business requirements for technical and non-technical stakeholders.
 

Skills And Experience We’re Looking For

 Bachelor’s degree
 3-6+ years of experience in banking, accounting, financial services, or related fields
 Self-motivated and proactive team player who takes ownership and demonstrates accountability, has strong organizational skills as well as the ability to effectively manage competing priorities.
 Proactive, enthusiastic approach with very high attention to detail
 Highly collaborative, flexible, and team-focused with ability to interact effectively with a wide range of stakeholders.
 Translating project business requirements for technical and non-technical stakeholders.
 Effective problem solving and critical thinking skills along with the ability to use discretion and good judgment.
 Excellent Client Service skills with ability to communicate complex issues to individuals with varying levels of product expertise.
 Competency with MS Suite, especially Excel and the ability to learn multiple programs quickly.
 Data ingestion, data transformation and harmonization, data processing, data provision, data modeling, and data access.
 Financial and risk management experience including compliance risk (ex – data management, charge accuracy), security risk (ex – client data security and confidentiality), and operational risks (ex – human error, process flaws, data maintenance)
 End-to-end successful execution of complex projects including roadmap execution, budgeting, and resource allocation.
 Identifying process-flow bottlenecks, providing escalation management, anticipating/making trade-offs, and balancing business needs within pre-existing constraints.
 Collecting, interpreting, and condensing large amount of complex data, and presenting meaningful actionable insights to senior level stakeholders.
 Managing mid to long term projects (6 months to 3+ years) including project documentation, evaluation, and review.
 Adaptable to changing business needs.
 Ability to learn quickly with high desire for large responsibility.
 Strong organizational skills and ability to effectively manage competing priorities.


Employment Type: Full Time, Permanent

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What people at Goldman Sachs are saying

3.5
 Rating based on 152 Associate reviews

Likes

Very cooperative manager Encouragement to explore synergies with other businesses at very early career level

Dislikes

Push to return to office Red tape can be a little frustrating at times

Read 152 reviews

Associate salary at Goldman Sachs

reported by 2k employees with 2-9 years exp.
₹10.6 L/yr - ₹40 L/yr
223% more than the average Associate Salary in India
View more details

What Goldman Sachs employees are saying about work life

based on 1.1k 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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Goldman Sachs Bangalore / Bengaluru Office Location

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Bengaluru Office
Goldman Sachs Services Pvt. Ltd Cherry Hills, Embassy Golf Links Business Park, 6, Embassy Golf Links Business Park, Domlur Layout Bengaluru
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