Global Banking & Markets, Operations, Derivatives Risk Middle Office, Executive

Operations is a dynamic, multi-faceted division that partners with all areas of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. Alongside this vital service delivery role, Operations provides essential risk management and control, preserving and enhancing the firm’s assets and its reputation. Operations span all product lines and markets, serving as internal business partners who develop the processes and controls, and help to specify the systems that deliver accuracy, timeliness and integrity to our business.

Global Banking & Markets Division (Equity Derivative & Structuring Operations) is responsible for ensuring efficient and accurate transaction processing across a broad range of products. Generally, the products supported are complex instruments that require close alignment with the business. A key focus for the organization is establishing strong risk management procedures and controls to ensure the firm and our clients are properly protected. Global Banking & Markets Division is at the forefront of shaping and driving change in the industry with the ultimate aim of delivering greater accuracy, control and efficiency for our clients and our businesses.

The Derivatives Risk Middle Office acts as the first point of contact for the various Equity and Equity Derivatives Trading desks, assisting in the execution of both new client and hedging activity. Our clients execute across a range of products e.g OTC and Listed Options, Securitized Issuances, Structured Derivatives, Synthetics, ETFs, and cash equity. It is our responsibility to ensure positions are booked in a timely manner and maintained accurately in our risk systems throughout the lifecycle of the product. There is a strong emphasis on knowledge and expertise, which requires that all team members be fully versed in products and systems used and how our day to day tasks impact the bottom-line of the firm.

RESPONSIBILITIES

• Actively manage risk & P&L by providing operational support to all equity front office personnel.
• Assist with and perform allocation of a high number of OTC trades across a number of flows & resolution of any resulting economic breaks.
• Efficiently handle incoming queries from trading desks, sales, external clients & other internal federation teams (Technology, Compliance, Legal, Controllers, etc.).
• Perform trade and risk reconciliation and monitor controls around the different business supported, particularly around Corporate Actions.
• Own and liaise with other teams within GS to ensure timely resolution of queries, seeing operational issues through to resolution by connection with various stakeholders across multiple locations.

COMPETENCIES

• Functional Expertise - Keeps up-to-date with emerging business, economic, and market trends. Product knowledge, ideally of derivatives in general, equity in particular.
• Technical Skills - Demonstrates strong technical skills required for the role, strong attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills.
• Drive and Motivation - Successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely toward extremely challenging goals and persists in the face of obstacles or setbacks.
• Client and Business Focus - Effectively handles difficult requests, builds trusting, long-term relationships with internal and external clients, helps the client to identify/define needs and manages stakeholders’ expectations.
• Teamwork – Gives evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions.
• Communication Skills - Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with others.
• Judgement and Problem solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyses complex issues. Strong ability to effectively multi-task and prioritize various deliverables.
• Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value.
• Influencing Outcomes - Presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences others' opinions and presents persuasive recommendations.

QUALIFICATIONS

• Bachelor's degree with a minimum of 6 years of experience in Financial services.
• Ability to demonstrate a sound understanding of a range of Equity Derivative products.
• Strong team-working skills – for working with both internal departments regionally and globally.
• Track record in the development of client relationships and key stakeholders, both internally and externally.
• Ability to gain a strong understanding of the business and work with Marketing, Structuring, Trading and Sales desks.
• Excellent communication and interpersonal skills.
• Ability to thrive under pressure.
• Strong leadership skills essential – this role will require a self-starter who can manage competing deadlines and can prioritize appropriately.

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.

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

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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.