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.
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
SKILLS & EXPERIENCE WE ARE LOOKING FOR
BASIC REQUIREMENTS AND QUALIFICATIONS
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.