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

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+3Mitigate the risk of any key economic differences between both GS and Client’s bookingsReview, reconcile and draft Legal ISDA confirmations for Derivatives and Synthetic products.Follow up with clients to execute the Legal Confirmations issued by GSEnsures discrepancy resolution for any disputes raised by the clients on our confirmations in a timely mannerReview trades alleged by clients on an electronic platform or via mailsEnsures trades are electronically confirmed within T+2Review and resolve discrepancies raised by clients on our confirmationsReview of incoming counterparty documents and works with the counterparties to agree the confirmation templates to be executedHighlighting all discrepancies raised by clients promptly and working with Trading and Sales to ensure the trade has been accurately bookedFollow up with clients on execution of Legal confirmation and electronic matching of tradesEnsure risk is mitigated for trades categorized as critical and high priorityHighlight breaks on electronic workflow on Trade DateEnsure confirmation execution timelines are adhered toReview and send EOD reports to senior managementEscalate outstanding trades in Critical category risk to senior managementWork with various internal stakeholders to facilitate functions/ systems and enhancements

 

BASIC QUALIFICATIONS

2 years of experience in an Equity Derivative, Commodity or Foreign Exchange documentation team or product area, including structured transactionsExhibits excellent attention to detail and accuracyDisplays ability to meet multiple deadlines in a dynamic, fast paced environmentContributes to the effectiveness of the team by working closely with colleagues in sharing information, skills, and responsibilitiesTakes actions to ensure that controls are in place and procedures are followedStrong interpersonal and negotiation skills that facilitate strong execution with Sales, Trading, Legal and structuring teamsSkilled at gathering and analyzing quantitative data to guide decision-making

 

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