Global Banking and Markets, Operations, EQD Derivatives, Derivatives Confirmations, Analyst, Singapore

4 weeks ago


Singapore GOLDMAN SACHS SERVICES (SINGAPORE) PTE. LTD. Full time
Roles & Responsibilities

ABOUT GOLDMAN SACHS

At Goldman Sachs, we connect people, capital and ideas to help solve problems for our clients. We are a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals


ABOUT OUR ROLES

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 Confirmations team is primarily responsible for obtaining legal confirmations on OTC (over the counter) trades booked for the Derivatives businesses. This involves the daily monitoring of outstanding trades covering a wide range of EQD businesses and products, including trades executed by the GS Volatility and Synthetics Product Group (SPG) desks. As an Analyst within the Derivatives Confirmations team, you will have client interaction and involvement with other internal teams such as Sales and Trading, Settlements, Account Opening and other Operations teams. Critical responsibilities to be performed are listed below:


JOB RESPONSBILITIES

  • To mitigate Economic Affirmation risk in Equities, ensuring trade details are affirmed with the client by T+3
  • Mitigate the risk of any key economic differences between both GS and Client’s bookings
  • Review, reconcile and draft Legal ISDA confirmations for Derivatives and Synthetic products.
  • Follow up with clients to execute the Legal Confirmations issued by GS
  • Ensures discrepancy resolution for any disputes raised by the clients on our confirmations in a timely manner
  • Review trades alleged by clients on an electronic platform or via mails
  • Ensures trades are electronically confirmed within T+2
  • Review and resolve discrepancies raised by clients on our confirmations
  • Review of incoming counterparty documents and works with the counterparties to agree the confirmation templates to be executed
  • Highlighting all discrepancies raised by clients promptly and working with Trading and Sales to ensure the trade has been accurately booked
  • Follow up with clients on execution of Legal confirmation and electronic matching of trades
  • Ensure risk is mitigated for trades categorized as critical and high priority
  • Highlight breaks on electronic workflow on Trade Date
  • Ensure confirmation execution timelines are adhered to
  • Review and send EOD reports to senior management
  • Escalate outstanding trades in Critical category risk to senior management
  • Work with various internal stakeholders to facilitate functions/ systems and enhancements

BASIC QUALIFICATIONS

  • 1-2 years of experience in an Equity Derivative, Commodity or Foreign Exchange documentation team or product area, including structured transactions
  • Exhibits excellent attention to detail and accuracy
  • Displays ability to meet multiple deadlines in a dynamic, fast paced environment
  • Contributes to the effectiveness of the team by working closely with colleagues in sharing information, skills, and responsibilities
  • Takes actions to ensure that controls are in place and procedures are followed
  • Strong interpersonal and negotiation skills that facilitate strong execution with Sales, Trading, Legal and structuring teams
  • Skilled at gathering and analyzing quantitative data to guide decision-making

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 Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity


Tell employers what skills you have

Commodity
Transaction Processing
Asset Management
Derivatives
Mindfulness
Recruiting
Investment Banking
Risk Management
Securities
Investment Management
Attention to Detail
Foreign Exchange
Capital
BASIC
Equities
Service Delivery

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