Goldman Sachs & Co. Global Markets Operations - Equities Ops - Securities Lending Ops - Associate - Bengaluru in Bengaluru, Indiana
MORE ABOUT THIS JOB
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.
We are looking for a professional who wants to use their skills and experience to help deliver on operations agenda while challenging themselves to further their career at Goldman Sachs.
Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net-worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Bangalore, Frankfurt, Tokyo, Hong Kong and other major financial centres around the world. We are committed to growing our distinctive Culture and upholding our core values which always place our client's interests first. These values are reflected in our Business Principles, which emphasise integrity, commitment to excellence, innovation and teamwork.
BUSINESS UNIT OVERVIEW
Securities Lending Operations provides operational support for the Securities Lending Business covering functions including Collateral Management (Account Management and Agency Lending), Inventory Management (Settlements), Trade Support, Billing and Strategic Projects. We support the business generated in London for our international client base across global markets. Traders execute Borrow and Loan transactions in all major markets, with increasing presence within emerging markets. Upon settlement, trades are collateralised (tri-party & bi-lateral) using a variety of products; Equities, Cash, Bonds, US Treasuries, Letter of Credit (LOC) by Operations. Securities Lending Operations globally is located in London, Jersey City, Salt Lake City, Singapore and Bangalore. The department’s key priorities are to mitigate risk, provide exceptional client service and drive strategic change.
RESPONSIBILITIES AND QUALIFICATIONS
JOB SUMMARY & RESPONSIBILITIES
Developing and maintaining strong relationships with all stakeholders – Business, Engineering, Operations and Credit. Actively engage, partner and drive changes, provide excellent service and support
Delivering transactions in agreed time-frames, as per SLA’s whilst improving quality of processing, reducing errors and inculcating the zero error culture
Proactively managing operational risk inherent in business
Ensuring all operational risk/issues are identified and mitigated appropriately and proactively
Ensuring adequate operational controls to manage non generic business
Monitoring and booking recall requests on GS’ borrows from different Lenders
Monitoring and booking returns on GS’ loans to external Counterparts
Monitoring and booking/amending returns on open borrows based on counter-party feedback
Monitoring and booking returns which get cancelled due to issues with GS/Vendor systems
Informing the trading desk daily on all borrows which have been recalled but not returned
Query resolution and interaction with trading desk and Lenders on recall/return requests
Agreeing to deliver/receive margin based on Stock borrow/loan settlement and mark-to-market activity
Investigating and resolving discrepancies of positions (cash and securities) in the firm’s books and records
Completing and overseeing daily checklist ensuring all controls, procedures and processes relating to the assigned functions are followed
To act as a change agent solving problems at root cause whilst also taking / making opportunities to automate flows
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 required:
Deadlines 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
Work experience in a securities lending, settlement, trade support or collateral role for 4 to 6 years
Equities Industry and market knowledge would be an advantage
Experience of vendor platforms (Equilend/Pirum) would be an advantage
Experience of Global One system would be an advantage, not essential
Degree / A level educated candidate would be preferred. IAQ would be an advantage
ABOUT GOLDMAN SACHS
ABOUT GOLDMAN SACHS
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more:https://www.goldmansachs.com/careers/footer/disability-statement.html
© The Goldman Sachs Group, Inc., 2021. All rights reserved.Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity
Schedule TypeFull Time
Business UnitSecurities Lending Ops