Goldman Sachs
Website:
goldmansachs.com
Company:
https://www.linkedin.com/company/goldman-sachs
Seniority: Associate
Industries: Financial Services
Job details:
Job Description
GLOBAL BANKING & MARKETS
We make markets in and clear client transactions on major stock, options and futures exchanges worldwide.
Through our global sales force, we maintain relationships with our clients, receiving orders and distributing
investment research, trading ideas, market information and analysis.
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.
Our Impact Job Summary And Responsibilities
Interest Rates Product Operations is a critical control and support function for the Interest Rates Derivatives business, managing the end-to-end trade life-cycle through its Middle Office, Drafting, Confirmations, and Settlement teams. The Middle Office provides essential risk management by facilitating trade validation, enrichment, and exception management immediately following execution to ensure books and records accuracy. The Drafting team is responsible for the precise preparation and negotiation of legal documentation, including bespoke structured confirmations and ISDA standard templates. The Confirmations team focuses on the timely execution and matching of OTC trade terms with external counterparts to mitigate legal and operational risk. Finally, the Settlement team manages the accurate exchange of cash flows, manages payment obligations, and ensures the finality of financial transactions. Collectively, these teams provide comprehensive daily monitoring and operational oversight for a wide range of IRP products and business lines, ensuring seamless execution from trade capture to final maturity
Job Summary And Responsibilities
Middle Office
- Mitigate operational risk by identifying and resolving key economic differences between internal bookings and client records immediately following trade execution.
- Maintain daily interaction with Trading and Sales desks to ensure trade discrepancies are resolved in real-time.
- Engage with Front Office and Technology teams to facilitate the resolution of technical production issues and system enhancements.
Drafting
- Responsible for the precise drafting of legal confirmations for OTC derivative transactions, ensuring alignment with industry standards and bespoke trade terms, apply a high-level understanding of ISDA terms, definitions, and templates to ensure legal enforceability.
- Review and validate trade economics against legal documentation prior to dispatching confirmations to counterparties.
Confirmations
- Proactively follow up with clients to ensure the timely execution and return of legal confirmations.
- Resolve discrepancies and disputes raised by clients regarding trade confirmations in a timely and professional manner.
Settlement
- Oversee the accurate settlement of cash flows, including coupon payments, swap resets, and trade maturities.
- Ensure all payment obligations are met and reconciled within established timelines to mitigate liquidity and credit risk.
- Investigate and resolve cash and position breaks to maintain the accuracy of the firm’s financial records.
General Expectations
- Continually review and improve operational processes to enhance risk management, quality, and cost-effectiveness.
- Develop and maintain deep subject matter expertise in Interest Rates markets, derivative products, and the broader financial landscape
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.
Click on Apply to know more.
