Goldman Sachs & Co. Operations, Ops Data Quality Management, Client Onboarding, Associate - Bengaluru in United States
MORE ABOUT THIS JOB
The team is seeking a professional who is looking to collaborate with Legal, Credit, Technology and Sales to ensure Counterparty Agreement data is captured accurately in the Legal and Credit Systems.
Operations is a dynamic, multi-faceted division that partners with all parts of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. In addition, Operations provides essential risk management and control to preserve and enhance the firm’s assets and its reputation. For every trade agreed, every new product launched or market entered, every transaction completed, it is Operations that develops the processes and controls that makes business flow.
Ready to Transact (RTx) was formed to globally manage the significant body of changes impacting on-boarding processes and to oversee the uplift of existing client records to meet the new requirements. These changes are driven by a multitude of regulatory drivers (derivatives market reforms, tax reforms, capital requirements reforms) contained in domestic regulations including Dodd Frank, European Market Infrastructure Regulation (EMIR) etc.
BUSINESS UNIT OVERVIEW
The Agreement Configuration team sits within Ready to Transact (RTx) and supports all derivative products across Goldman Sachs. The Team's primary responsibility is to review and analyze Counterparty documentation against what is captured in the Legal and Credit systems, to ensure accurate information is flowing into downstream systems. Our work directly impacts transaction pricing, margin calls, confirm generation, collateral enforceability and the firm's liquidity.
RESPONSIBILITIES AND QUALIFICATIONS
JOB SUMMARY AND RESPONSBILITIES
Review and analyze ISDA/ CSA and other Master/ Credit Support documentation; determine material clauses and identify key risks in documentation
Develop a comprehensive understanding of the Legal and Credit workflow and systems
Liaise with Legal, Credit, Middle Office, Trading/ Sales/ Strategists, Corporate Treasury, Collateral and other internal GS Teams on issues
Work closely with Technology to identify/ resolve system issues, and implement system enhancements to increase efficiency in current processes
Identify potential risks in operational processes; develop and implement controls to mitigate risk
Analyze and improve workflow to improve operational efficiency
Work with the global team to produce reports and build metrics
Address adhoc issues
Bachelor's degree, with 4-7 years of experience
Derivative documentation experience in either in Ops Documentation Teams (Drafting, Middle Office) or Derivative Legal Teams
Familiarity with ISDA Masters Agreements and the relevant schedules along with NY and/ or UK law CSA's
Ability to break down and fully understand documentation and parse into constituent components
Attention to detail
Goal of zero defect in work product
Ability to work independently as well as be part of an interactive team
Ability to multi-task and prioritize
Strong control orientation
Good problem solving skills/ judgment including ability to identify issues that require escalation
Excellent verbal and written communication
Role requires a lot of interaction with internal clients as well as drafting process documentation
Self-starter who will push themselves to learn
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 2017-24738
Schedule Type Full Time
Business Unit Client OnBoarding
Employment Type Employee