Operations, FX Desk build out , Associate, Mumbai

Location(s) IN-MH-Mumbai
Job ID
2021-76155
Schedule Type
Full Time
Level
Associate
Function(s)
Operations
Region
Asia Except Japan
Division
Operations
Business Unit
Local Markets Operations
Employment Type
Employee

MORE ABOUT THIS JOB

YOUR IMPACT

As a middle office professional in the Mumbai Operations team, you will hold a challenging role, providing front to back operational support to the Mumbai trading desk accessing the Indian FICC market. We are looking for a highly-motivated individual with a passion for markets who is looking to challenge themselves in a fast paced and dynamic environment.

 

OUR IMPACT

The Mumbai Operations team is part of the larger Local Markets Operations division of Goldman Sachs and functions within the Indian FICC entities; Goldman Sachs (India) Capital Markets Private limited (GICL), Goldman Sachs (India) Finance Private Limited (GIFL) and Goldman Sachs India Alternate investment Fund. It is a relatively small team located out of the Mumbai office supporting trading desks and external counterparties accessing the dynamic and heavily regulated Indian market through the Indian Primary Dealer, NBFC and AIF entities.

RESPONSIBILITIES AND QUALIFICATIONS

RESPONSIBILITIES

The Mumbai Primary Dealer team provides front to back support for all operational aspects of India FICC trading like Position monitoring, margin/Collateral management, Trade settlement and accounting functions whilst upholding strict standards of risk management. We are looking for a candidate experienced in the Indian FX markets. This person will work closely across the sales & trading, compliance, technology and project managers to help setup the onshore FX trading platform and help support the overall FICC business as we expand our footprint in the region.

 

HOW YOU WILL FULFILL YOUR POTENTIAL

  • Setting up the FX flow for OTC, CCIL and exchange traded products for the Mumbai Onshore desk.
  • Performing essential trader support in timely manner by furnishing traders in Mumbai with essential trade and market data
  • Performing Position /trade monitoring, reconciliations & settlement functions.
  • Obtaining an in-depth knowledge of the rules, regulations and various nuances of the Indian FX market as well as a sound understanding of our systems as well as external systems of the Clearing Corporation of India (CCIL) & Reserve Bank of India(RBI).
  • Responding promptly to Regulator and counterparty inquiries, committing to deliverables as well as undertaking ad hoc investigation and analysis
  • Performing regulatory reporting’s to the Reserve Bank of India, Credit Companies, as mandated by RBI.
  • Margin and Collateral Management with the Clearing Corporation of India & the Reserve Bank of India.
  • Maintaining a strict control standard on our downstream books of accounts and ensuring breaks are resolved in a timely manner
  • Providing funding projections to Corporate Treasury and Mumbai desk for Intra- day line requirements and meeting the funding obligations

 

SKILLS & EXPERIENCE WE ARE LOOKING FOR

 

BASIC QUALIFICATIONS

  • Bachelor’s degree with a minimum of five years of experience in the Indian FX industry
  • Strong knowledge of the entire FX workflow
  • 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
  • Flexible and able to work well under pressure in a team environment
  • Strong communication skill and comfortable interacting with external counterparties

 

PREFERRED QUALIFICATIONS

  • Experience at handling FX products at a domestic bank
  • Experience in setting up a FX trading platform from front to back end

 

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., 2021. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.