• Operations - CIMD Operations - PWM Ops Ref Data & Prod Mgmt - Analyst -Bengaluru

    Location(s) IN-Bengaluru
    Job ID
    2019-53191
    Schedule Type
    Full Time
    Level
    Analyst
    Function(s)
    Operations
    Region
    India
    Division
    Operations
    Business Unit
    PWM Ops Ref Data & Prod Mgmt
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    OPERATIONS

     

    Operations is a dynamic, multi-faceted division that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.

     

    YOUR IMPACT

     

    Our Reconciliation team is looking for a professional to play a key role in safeguarding the Firm’s reputation by ensuring clients positions & Portfolio information are maintained appropriately on our high-net-worth clients accounts.


    OUR IMPACT

     

    The primary responsibility is to perform reconciliation between different sub ledger for all PWM GS client positions and balance. Liaise with various operation and technology groups to ensure client positions in client sub ledger are reflecting accurate information. Analyst will also be responsible for sanctity of various portfolio accounting functions including validating and updating the cost basis The Analyst will be expected to escalate issues and minimize firm exposure to financial and reputational risk.


    BUSINESS UNIT OVERVIEW

     

    Private Wealth Management (PWM) Operations supports Private Wealth Management, which is responsible for advising wealthy individuals on strategies to build and protect their financial assets through highly customized advice and service. PWM Operations is instrumental in meeting our clients' needs and is responsible for the development, service delivery and control of global private banking; proprietary and open architecture alternative investment vehicles; derivatives trading; bookkeeping, accounting, performance measurement and reporting of Goldman-custodied assets and away-custodied assets; multiple externally managed account platforms; and multiple custody services.

    RESPONSIBILITIES AND QUALIFICATIONS

    JOB SUMMARY AND RESPONSBILITIES

    • Demonstrate the ability to constantly apply sound business judgment in order to identify exceptions and resolutions.
    • Develop a profound understanding of product & business involving Trade flows, corporate action events and translate this knowledge to day-to-day responsibilities.
    • Ensure Cost basis information is accurately reflecting on client Portfolio
    • Satisfy the responsibility for completing detailed reviews of documentation for new and existing clients, including counterparty and client statement for ensuring right cost basis information is uploaded
    • Engage in opportunities to review processes, analyze information, make decisions and recommendations and implement and monitor procedures.
    • Becoming commercially aware and understand the nature of the business you are involved in while at the same time ensuring all Goldman Sachs standards are constantly being met.
    • Displaying a strong ability to influence the PWM Business by serving as a liaison between operations, tax legal, compliance and Sales teams.

    BASIC QUALIFICATIONS

    • Bachelor's degree required.
    • At least  1 year of work experience in Operations or related field.
    • At least  1 year of work experience in Finance or related field.
    • Proficiency using the Microsoft Office Suite in particular Excel, PowerPoint and Microsoft Word.
    • Candidate must be proactive, enthusiastic and team oriented.
    • Ability to prioritize and make decisions in a fast-paced environment.
    • Accuracy and attention to detail and strong organizational skills.
    • Strong written and verbal communication skills.
    • Strong analytical skills.
    • Good understanding of the financial industry.
    • Ability to interact well with people from multiple cultures.

    PREFFERED QUALIFICATIONS

    • Good PC skills – MS Office.
    • Strong sense of ownership and accountability.
    • Strong organizational and time management skills.

    ABOUT GOLDMAN SACHS

    The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

    © The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.