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
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.
OUR IMPACT
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 in emerging markets. Upon settlement, trades are collateralised (tri-party & bi-lateral) using a variety of products; Equities, Cash, Bonds, US Treasuries, by Operations. Securities Lending Operations globally is located in London, Salt Lake City, Singapore and Bengaluru. The department’s key priorities are to mitigate risk, provide exceptional client service and drive strategic change.
JOB SUMMARY & RESPONSIBILITIES
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Responsibilities will include:
- 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
BASIC QUALIFICATIONS
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Bachelor's degree with a minimum of 2 years of experience in financial services
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Proven analytical skills, problem solving ability, and attention to detail
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Aptitude for building relationships, along with the ability to communicate complex issues to a wide array of internal and external clients with differing levels of product experience
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Excellent written, communication and presentations skills
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Integrity and passion for working in a competitive environment
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Self-
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Enthusiatic and commited individual looking to operate in dynamic working encironment
PREFERRED QUALIFICATIONS
