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
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
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
Business Unit Fees and Commissions
Employment Type Employee