Global Banking and Markets, Operations, India Fixed income Middle Office, Analyst / Associate, Mumbai

Job Description

ABOUT OUR ROLES

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.

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). 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 and NBFC entities.

JOB RESPONSBILITIES

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, accounting functions and regulatory reporting whilst upholding strict standards of risk management. We are looking for a candidate experienced in the Indian Fixed income and Currency markets. This person will work closely across the sales & trading, compliance, technology and project managers to help and support the overall FICC business as we expand our footprint in the region.

How You Will Fulfill Your Potential

• Support OTC & 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 FICC products & 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
  
  

Basic Qualifications

SKILLS & EXPERIENCE WE ARE LOOKING FOR

• Bachelor’s degree with 2-3 years of experience with knowledge in OTC products (mainly in Derivatives and FX) in the Indian Fixed Income industry
• Strong knowledge of FICC markets & products
• 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
  
  

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.

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Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.