• Derivatives Trade Management Associate - Warsaw

    Location(s) PL-Warsaw
    Job ID
    2019-56132
    Schedule Type
    Full Time
    Level
    Associate
    Function(s)
    Operations
    Region
    EMEA
    Division
    Operations
    Business Unit
    Derivs Settlements&Affirmation
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    YOUR IMPACT


    Are you looking to apply your leadership, risk management and quantitative skills while deepening your understanding of derivative products? Our Equity Derivatives (EQD) Settlements, Confirmations and Affirmations Group is seeking a professional who is looking to collaborate with clients, sales, traders, legal and structurers to manage the firm's derivative product risk through execution of ISDA documentation of derivative transactions and the firm’s settlement cash flows.

    RESPONSIBILITIES AND QUALIFICATIONS

    OUR IMPACT

     

    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.


    Within the Securities Division, the Operations sub-division 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, Securities Division 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 Securities Division Operations that develops the processes and controls that makes business flow.


    BUSINESS UNIT OVERVIEW


    This Group comprises two teams who work closely together and with local and cross-regional business partners in Securities Division and Core Operations. A strong focus is on commercial facilitation and process improvement, including partnering with the local Change Management and Intelligent Automation teams to design and deliver innovation which streamlines processes and reduces risk. There are extensive opportunities for cross-training and personal development within these functions and in collaboration with business partners.


    The EQD Confirmation Execution team has a primary responsibility of managing our counterparty and market risk by verifying affirmation of core economic details correspond to the firm’s risk capture and executing Electronic and ISDA (International Swaps and Derivatives Association, Inc.) confirmations. The team handles derivative transactions with broker dealers, corporate clients and institutional clients (Hedge Funds, Pension Funds, Mutual Funds, and Reinsurance Groups). The Confirmations Execution Group has a high level of client interaction and involvement with other internal Securities Division teams including sales, trading, middle office, contract drafting and the client coverage group. You will be required to be enthusiastic, dynamic, flexible, client service orientated and focused on control, accuracy and maximizing efficiency.


    The EQD Settlements team supports cash flow processing, fail to pay investigations, client interactions and payment controls for the global equity derivatives market. The team operates in a fast-paced environment, ensuring that cash flow exposures are appropriately risk managed and handled in a timely manner. The team interacts closely with other areas of the firm including equities Salespeople, traders, middle office teams, client relationship management, and credit risk managers. In addition, the team frequently interacts with Goldman Sachs’ clients to facilitate the controlled settlement and reconciliation of upcoming cash flows.


    The candidate is required to have a good technical understanding of equity derivatives products and market conventions. Additionally, the candidate should have experience with either the over-the-counter contract documentation or settlements functions. The candidate should possess a strong control mindset and should be accountable for front to back risk mitigation outcomes, beyond the scope of their department’s processes if required. The role is suited for a good problem solver whose experience will enable the individual to quickly learn how to resolve the most complex issues within their team. The role calls for the individual to be a key subject matter expert and a go-to person within their stakeholder community.

     

    HOW YOU WILL FULFILL YOUR POTENTIAL

    • Showcase your attention to detail and accuracy
    • Time management, including ability to manage and prioritize several tasks simultaneously
    • Ensuring all trade economics and discrepancies are appropriately investigated, resolved and reported on time according to procedures
    • Manage client expectations and potential fail exposure in partnership with sales and credit risk
    • Establish a strong regional and global network
    • Influences others and expresses alternative views and rationale for a course of action
    • Collates multiple view-points and able to drive cross functional consensus
    • Embraces the potential of new and emerging technologies and tools to design & deliver solutions that enhance automation, eliminate exceptions and move to more data-driven decision-making
    • Risk manager who understands the risks associated with the businesses they support and the teams you work with
    • Acts as an advocate for their clients during internal discussions around coverage, resource allocation and process optimization
    • Grow with the team; develop a deep understanding of the businesses that are supported, the market landscape that can drive innovation and change, and how you can play a role in the team
    • Work under a high stakes environment that is driven by deadlines, while providing best in class service to our clients and internal stakeholders
    • Own the risk front to back and act with the best interest of the firm and clients in mind to resolve risk issues
    • Play a more prominent role in the resolution of broad complex issues, with appropriate oversight
    • Acts as an advocate for their clients during internal discussions around coverage, resource allocation and process optimization
    • Foster a culture of risk management and client service within the team
    • Effective problem-solver. Identify process and controls improvements and participate in their development by leveraging knowledge of the trade lifecycle and using constantly evolving tools that can be used to build scalability without introducing new risk
    • Act as a Client Relationship Manager, partner with the Sales and Trading desks to offer best in class client service
    • Contributes to the effectiveness of the team by working closely with colleagues by sharing information, skills, and responsibilities
    • Take responsibility for maintaining timeliness in accordance with market standards and regulatory requirements

     

    SKILLS & EXPERIENCE WE ARE LOOKING FOR


    BASIC REQUIREMENTS AND QUALIFICATIONS

    • 2+ years of Equity Derivatives or Derivatives Settlements or Confirmations experience is desirable
    • Preferably with experience in a derivatives line role, especially in the confirmations process, legal documentation or settlements
    • Proven analytical skills, problem solving ability, and a control mentality paired with meticulous attention to detail. Skilled at gathering and analyzing quantitative data to guide decision-making
    • Flexible and ability to work in a high-pressure and time sensitive environment. Ability to meet multiple deadlines in a trading environment
    • Aptitude for building relationships and ability to communicate complex issues to a wide array of internal stakeholders and clients with differing levels of derivatives, settlements and equities experience
    • Self-motivated and proactive team player who takes ownership and accountability of projects, has strong organizational skills as well as the ability to effectively manage competing priorities
    • Strong grasp of industry and market trends that have potential to impact the business
    • Able to convey complex situation and process flows in simplistic language and presentation materials; focused on proposing solutions
    • Personal impact and experience to negotiate effectively with other internal groups, including sales/trading/structuring teams
    • Ability to establish trust and connection with others; is able to relate to and motivate a diverse set of individuals
    • Control mindset: Takes actions to ensure that controls are in place, procedures are followed and controls progressively improved
    • Ability to manage line related projects for efficiency/control improvements
    • Demonstrates strong leadership skills, ability to gather stakeholder support for initiatives across teams and see them through to execution. Can tell the story that articulates the issue, opportunity and proposed solution. Confident presenting to senior managers
    • Proficiency in European languages such as French, German, Italian and Spanish is desirable

     

    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.