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Goldman Sachs

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3.5

based on 1.2k Reviews

311 Goldman Sachs Jobs

Global Banking & Markets - Fees and Commissions - Vice President

Goldman Sachs

3.5

based on 1.2k Reviews

10-15 years

₹ 18.5 - 44L/yr (AmbitionBox estimate)

Bangalore / Bengaluru

1 vacancy

Global Banking & Markets - Fees and Commissions - Vice President

Goldman Sachs

posted 2mon ago

Job Role Insights

Flexible timing

Key skills for the job

Investment Banking SQL Medical Billing Clinical Data Management HTML SAP Business Intelligence

+ 4 more

Job Description

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 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 do at all times.
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.
Motivating and coaching employees to maximize their growth to reach their potential.
Creating a strategy with long- and short-term goals to improve the team.
Managing and advocating for resources needed for the team.
Proactive and clear stakeholder communication

Skills And Experience We re Looking For

Bachelor s degree
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)
Strong coaching and people management ability
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

3.3

Rating based on 70 Vice President reviews

Anonymous · Engineering - Software & QA in Bangalore / Bengaluru

Likes

Mobility options if you have the generic skillsets and good networking. Office amenities like transportation, seating arrangement. Cultural events, wellness sessions etc.

Dislikes

Everyday office, no work life balance, super critical issues throughout the year, no shutdown, no leadership support, no transparency, no onsite opportunities.