Operations - Securities Division Operations - Equities Ops - Securities Settlements - Analyst - Bengaluru

Location(s) IN-Bengaluru
Job ID
2020-61357
Schedule Type
Full Time
Level
Analyst
Function(s)
Operations
Region
India
Division
Operations
Business Unit
Securities Settlements
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

 

Securities Settlements Operations has the benefit of being located in the nucleus of an investment bank so the exposure and interaction that the successful candidate will gain will be vast.  The successful hire will interface with global team across divisions. The successful candidate will be expected to act as a change agent, by improving processes and procedures and contribute meaningfully to the overall strategy of the organisation. In depth on the job training will be provided, backed up with on-going support and over sight as the candidate will be responsible for an important function within the team. The role is ideal for a candidate who wants experience of a variety of Securities Settlements functions. 

 

 

OUR IMPACT

 

Securities Settlements Operations provides operational support for multiple businesses including (but not limited to) Trading, Sales, Investment Banking, Private Wealth, etc. covering functions including Inventory & Liquidity Management, Settlements, Exception management and Reporting, and Strategic Projects.  We support our international client base across global markets. Traders & Clients execute Buy & Sell transactions in all major markets, with increasing presence within emerging markets. Upon Settlement Date, trades need to be matched and inventory made available to ensure successful exchange of securities and cash.

Securities Settlements Operations globally is located in London, Dallas, Salt Lake City, Singapore and Bengaluru. The department’s key priorities are to mitigate risk, provide exceptional client service and drive strategic change.

RESPONSIBILITIES AND QUALIFICATIONS

JOB SUMMARY AND RESPONSIBILITIES

 

The position available is with the Securities Settlements Operations team. The reporting line is to a Team Manager as first line management, with further supervision by the Vice President.  

Key stakeholders and interactions will be with GS Trading and Sales Desks, Engineering and Operations Teams, Credit, Legal, Compliance and external counterparties.

The following tasks give an overview of what is required day to day:

  • Monitoring Settlement activity and ensuring securities are in the right place at the right time
  • Monitoring Firm inventory to ensure it is moved or converted to facilitate settlement
  • Working with the Trading Desk on securing borrows to facilitate settlement
  • Query resolution and interaction with trading desk and clients on failing trades
  • Investigating and resolving discrepancies of positions (cash and securities) in the firm’s books and records.
  • Completing daily checklist ensuring all controls, procedures and processes relating to the assigned functions are followed
  • Acting as a change agent solving problems at root cause whilst also taking / making opportunities to automate flows

 

BASIC QUALIFICATIONS

  • We are looking for an enthusiastic and committed individual who is looking to operate in a dynamic working environment where communication and teamwork skills are essential.
  • Exceptional client service and relationship building are required to interact with our clients and the team.
  • The candidate should have a control focus and be achievement orientated to produce results to ensure that all risk is mitigated.
  • Strong organisational skills requiredDeadlines within this role are very strict with “zero tolerance”
  • Prompt escalation and clear communication is paramount
  • Be flexible, work on projects or aid other team members

 

PREFERRED QUALIFICATIONS

  • Work experience in a securities settlements, trade support or securities middle office role for 1 to 2 years.
  • Equities Industry and market knowledge would be an advantage.
  • Experience of vendor platforms (Euclid) would be an advantage

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.