Global Banking & Markets Operations-Cleared Collateral Management - Analyst-Bengaluru

Global Banking & Markets Operations-Cleared Collateral Management - Analyst-BengaluruBengaluru, Karnataka, India

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 deliver banking, sales and trading and asset management capabilities to clients around the world. In addition, Operations provides essential risk management and control to preserve and enhance the firm’s assets and its reputation. For every trade agreed, every new product launched, or market entered, every transaction completed, it is Operations that develops the processes and controls that makes business flow.

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

ABOUT GOLDMAN SACHS
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.
We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.
We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html