Goldman Sachs & Co. Operations, Income & Expense Mgmt, Operations Management & Strategy, Associate - Bengaluru in Bengaluru, India

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.

Are you a dynamic professional who is passionate about being an integral part of the Organization? We're looking for an experienced candidate to join our Operations Income & Expense team who wants to use their skillset and expertise to deliver end-to-end implementations of business processes in the Operations Division at Goldman Sachs.

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 emphasize integrity, commitment to excellence, innovation and teamwork.

Fees and Commissions Operations (FCO) is responsible for managing the firms Brokerage, Clearance and Exchange income and expenses, one of the largest expense lines for the firm. Within this, Commissions control is responsible for paying (and billing) execution commissions and brokerage for Listed Derivatives and OTC trades; covering all global product lines. Core functions include validation of expenses; correct accounting for costs and cost recovery from clients; providing cost transparency to desk heads and franchise managers.

RESPONSIBILITIES AND QUALIFICATIONS

Responsibilities:

  • Validating Brokerage on a monthly basis

  • Participation in industrialization projects

  • Allocating fees to the correct trading desks

  • Ensuring external parties are paid in a timely manner

  • Closing & Reporting - accrual of BC&E cost to firm's ledger

  • Reconciling the monthly movement in fees

  • Resolving disputes with external & internal parties

  • Addressing ad hoc queries from the Business and Operations

  • Look for constant innovation & process improvement

Qualifications:

  • Post qualification experience of minimum 4+ years in Banking or similar environment/ industry.

  • Proficient with Microsoft Office products, tools and utilities for business use.

  • Strong analytical, organizational and interpersonal skills

  • Numerate & inquisitive with attention to detail

  • Ability to ask right questions & hunt for potential risks

  • Self-starter with ability to drive initiatives forward independently

  • Enthusiastic, hardworking and able to work well under pressure

  • Adept in MS office with strong excel skills and willingness to learn BI tools

  • Excellent client service skills. Ability to face off to Business as well as Operations

  • Excellent communication and negotiation skills. Ability to influence

  • Ability to work and contribute in a team environment

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., 2017. All rights reservedGoldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.

Job ID 2017-18902

Schedule Type Full Time

Level Associate

Function(s) Operations

Location(s) IN-Bengaluru

Region India

Division Operations

Business Unit Fees and Commissions

Employment Type Employee