YOUR IMPACT
Are you looking to apply your quantitative skills while deepening your understanding of derivative products? We are seeking a professional who is looking to collaborate with traders, strategists and structurers to mitigate operational risk by ensuring appropriate trade usage and accurate trade booking. This individual will also work closely with technology and strategists to improve workflows to become more efficient and implement more robust controls.
OUR IMPACT
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.
Exotic Trade Review is a cross product high-value risk management team in Operations that mitigates the risk associated with the trade booking and legal documentation of structured derivative transactions through independent and thorough review. Exotic Trade Review works closely with trading to improve trade booking accuracy and ensure appropriate tradeables are being used to validate that all significant terms are being captured in the booking.
HOW YOU WILL FULFILL YOUR POTENTIAL
• Prepare to gain a comprehensive understanding of the life cycle of a trade by interacting with traders, strategists, sales and structurers in addition to middle office, legal, product control and documentation teams in order to work toward the shared goal of risk mitigation.
• Partner with a team of product experts to review all economic aspects of derivative trades while gaining strong exotic derivatives knowledge and financial risk awareness.
• Showcase your attention to detail by ensuring all trade economics, pay-off profiles and pricing factors are correctly captured in the risk management system.
• Use your inquisitive mind set to identify control weaknesses with respect to booking methodology as well as discrepancies in the legal documentation.
• Leverage your quantitative skills to decompose complex structured transaction payoffs and propose creative, robust booking solutions.
• Work in a strong team setting to develop a deeper understanding of complex transactions and work with our business partners to automate and improve our existing processes.
SKILLS & EXPERIENCES WE’RE LOOKING FOR
BASIC QUALIFICATIONS
• Bachelor’s degree with 1-3 years of experience in financial services.
• Proven analytical skill, problem solving ability and a control mentality paired with meticulous attention to detail.
• Aptitude for building relationships and ability to communicate complex issues to a wide array of internal clients with differing levels of product experience.
• Self-motivated and proactive team player who takes ownership and accountability of projects, has strong organizational and communication skills and the ability to effective manage competing priorities.
• Flexible and able to work well under pressure in a team environment.
PREFERRED QUALIFICATIONS
• Quantitative educational background.
• Prior experience working with Structured Products
• Pursuing CFA/FRM
Salary Range
The expected base salary for this New York, New York, United States-based position is $70000-$95000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.