• Operations, Treasury Services, Centralised Payment Instruction Authentication, Analyst/Associate, Singapore

    Location(s) SG-Singapore
    Job ID
    2019-57642
    Schedule Type
    Full Time
    Level
    Analyst
    Function(s)
    Operations
    Region
    Asia Except Japan
    Division
    Operations
    Business Unit
    Treasury Services
    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

    You are looking to join a fast-paced, dynamic team that has broad connectivity across the firm for a franchise critical process. You will collaborate with cross-Federation teams and across the globe to manage the firm’s cash payments and receipts each day. You have a strong desire to learn about the firm’s different businesses and how they support our client and manage business risks, as well as work closely with a network of key banks and internal payments team to ensure smooth execution.  

     

    OUR IMPACT

    Treasury Services is a sub division of the Operations Division. As a global, multi-faceted and cross product sub division, the primary objectives are to mitigate counterparty credit risk through the active monitoring of clients’ derivative and securities financing portfolios while optimizing the firm’s liquidity.  Treasury Services is currently 300+ staff strong globally, with regional presence in Salt Lake City, Dallas, New York, London, Bangalore, Singapore, Hong Kong, Tokyo, and many other offices working closely together.

     

    With the firm’s growing investment in the payment space, a centralized Cash Controls organization is being created in Treasury Services to help protect the firm’s regulatory, financial, and reputational risks from increasing fraud threats and sanctions regulation in the rapidly evolving banking landscape. 

    The new team will be primarily based in hub locations with high degree of interaction with other divisions and the firm’s senior leadership.

    The new Centralized Payment Instruction Authentication function will be service to all clients across the firm while streamlining the process to be innovative and industry-leading via a combination of latest cyber-technology and industry best practices

    This role will be responsible for helping to establish the centralized team to manage the day to day payment authentication process and working with the global team to define and build out the target operating model for this function

    RESPONSIBILITIES AND QUALIFICATIONS

    HOW YOU WILL FULFILL YOUR POTENTIAL

    • Working to help create the BAU activity for central payment authentication including liaising with the teams that are transferring the function, creating the procedures and helping to standardise the function for all Business Units
    • Day to day responsibility for sourcing independent contacts at the client to verify the accuracy of payment instructions
    • Working with the global team to design the target operating model and write the requirements for the Technology enhancements.
    • For Associate level, opportunity for the right candidate to have people management responsibilities for junior members of the team

     

    SKILLS AND EXPERIENCE WE’RE LOOKING FOR

    Basic Qualifications

     

    • Bachelor’s degree with minimum of one year(Analyst ) and three years (Associate) of full time Operations work experience and
    • Contribute to the effectiveness of the team by working closely with colleagues by sharing information, skills and responsibilities
    • Excellent attention to detail, effective problem solving ability
    • Takes actions to ensure that controls are in place and procedures are followed
    • Proven analytical skills and a control mentality

    Preferred Qualifications

    • Has completed or is in the process of attending Data School
    • Experience using Alteryx and Tableau
    • Experience managing day to day authentication calls to clients

    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.