Global Banking & Markets Operations - Securities Settlements - Analyst- Bengaluru in Bengaluru at honor foundations

Date Posted: 10/24/2024

Job Snapshot

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 function 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.

YOUR IMPACT

Securities Settlements team has the benefit of being located in the nucleus of an investment bank so the exposure and interaction that the successful candidate will gain will be vast. The successful hire will interface with global team across divisions. The successful candidate will be expected to act as a change agent, by improving processes and procedures and contribute meaningfully to the overall strategy of the organisation.

In depth on the job training will be provided, backed up with on-going support and oversight as the candidate will be responsible for an important function within the team. The role is ideal for a candidate who wants experience of a variety of Securities Settlements functions.

OUR IMPACT

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.

Securities Settlements is operating under ‘Equities’ department. The Team’s primary function is to partner with key stakeholders (middle offices, desks, traders etc) to enable timely settlements with a focus on efficiency, control, and excellent client service.

BUSINESS UNIT OVERVIEW

Securities Settlements Operations provides operational support for multiple businesses including (but not limited to) Trading, Sales, Investment Banking, Private Wealth, etc. covering functions including Inventory & Liquidity Management, Settlements, Exception management and Reporting, and Strategic Projects. We support our international client base across global markets.

Traders & Clients execute Buy & Sell transactions in all major markets, with increasing presence within emerging markets. Upon Settlement Date, trades need to be matched and inventory made available to ensure successful exchange of securities and cash. Securities Settlements Operations globally is located in London, Salt Lake City, Singapore and Bangalore. The department’s key priorities are to mitigate risk, provide exceptional client service and drive strategic change.

JOB SUMMARY AND RESPONSBILITIES

The position available is with the Securities Settlements Operations team – Hyderabad location. The reporting line is to a Team Manager as first line management, with further supervision by the Vice President.

Key stakeholders and interactions will be with GS Trading and Sales Desks, Engineering and Operations Teams, Credit, Legal, Compliance and external counterparties.

The following tasks give an overview of what is required day to day:

  • Monitoring Settlement activity and ensuring securities are in the right place at the right time 

  • Monitoring Firm inventory to ensure it is moved or converted to facilitate settlement

  • Working with the Trading Desk on securing borrows to facilitate settlement 

  • Query resolution and interaction with trading desk and clients on failing trades

  • Investigating and resolving discrepancies of positions (cash and securities) in the firm’s books and records. 

  • Completing daily checklist ensuring all controls, procedures and processes relating to the assigned functions are followed 

  • Acting as a change agent solving problems at root cause whilst also taking / making opportunities to automate flows

    BASIC QUALIFICATIONS

    We are looking for an enthusiastic and committed individual who is looking to operate in a dynamic working environment where communication and teamwork skills are essential.

  • Exceptional client service and relationship building are required to interact with our clients and the team.

  • The candidate should have a control focus and be achievement orientated to produce results to ensure that all risk is mitigated.

  • Degree / A level educated candidate would be preferred.

  • Strong organizational skills required.

  • Deadlines within this role are very strict with “zero tolerance.”

  • Prompt escalation and clear communication is paramount.

  • Be flexible, work on projects or aid other team members.

    PREFERRED QUALIFICATIONS

  • Work experience in Securities Settlements, Inventory Management, trade support or securities middle office role for 1 to 2 years.

  • Equities Industry and market knowledge would be an advantage.

  • Experience of vendor platforms (Easyway) would be an advantage

  • IAQ would be an advantage

    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

    © The Goldman Sachs Group, Inc., 2024. All rights reserved.

    Goldman Sachs is an equal employment/affirmative action employer

    ', 'CorporateDescriptionStr' : '', 'OrganizationDescriptionStr' : '', 'ShortDescriptionStr' : 'Global Banking & Markets Operations - Securities Settlements - Analyst/Associate - Bengaluru', 'ContentLocale' : 'en', '