Global Banking & Markets, Securities Settlements, Associate - New York
Posted 16 days ago
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Associate within Securities Settlements Operations supporting Global Banking & Markets in New York. Responsible for ensuring timely trade settlement, inventory and liquidity management, exception handling and adherence to daily controls and SLAs to mitigate operational risk. The role requires engaging with trading/sales desks, engineering, treasury, legal and external counterparties, driving process improvements and automation, and providing guidance to more junior team members.
- Compensation
- $80,000 – $135,000 USD
- City
- New York City
- Country
- United States
Currency: $ (USD)
Full Job Description
WHO WE ARE
Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net-worth individuals.
Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Bangalore, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
We are committed to growing our distinctive Culture and upholding our core values which always place our client's interests first. These values are reflected in our Business Principles, which emphasize integrity, commitment to excellence, innovation and teamwork.
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, Dallas, Salt Lake City, Singapore and Bangalore.
The department’s key priorities are to mitigate risk, provide exceptional client service and drive strategic change.
RESPONSIBILITIES
The position available is within the Securities Settlements Operations team.
Key stakeholders and interactions will be with GS Trading and Sales Desks, Engineering and Operations Teams, Treasury, Legal, Compliance and external counterparties.
Your responsibilities will include:
- Developing and maintaining strong relationships with all stakeholders – Business, Engineering, Operations and Treasury. Actively engage, partner and drive changes, provide excellent service and support.
- Ensuring transactions are delivered in a timely manner (in line with SLAs).
- Monitoring Key Risk Indicators and ensuring they are at or below agreed levels
- Proactively managing operational risk inherent in business.
- Ensuring all operational risk/issues are identified and mitigated appropriately and proactively.
- Ensuring adequate operational controls to manage non generic business.
- Completing and overseeing daily checklist ensuring all controls, procedures and processes relating to the assigned functions are followed
- To act as a change agent solving problems at root cause whilst also taking / making opportunities to automate flows
- Consistently striving to identify opportunities to reduce risk, manual processing, improving client experience and being commercially effective
DEVELOPMENT PROSPECTS
Securities Settlements Operations 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 teams 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 organization.
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.
SKILL / EXPERIENCE
MANDATORY
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.
Work experience in a securities settlements, inventory management, trade support or securities middle office role for 3+ years minimum
Equities Industry and market knowledge, including trade settlement, inventory management, and 204 regulatory experience
PREFERRED
Experience of playing a leading role in a team providing task supervision, support and training to more junior members.
QUALIFICATIONS
Undergraduate Degree educated candidate would be preferred.
YOUR CAREER
Goldman Sachs is an equal opportunities employer and is committed to the principle of diversity.
Goldman Sachs conducts background checks on individuals offered employment with the firm and employment with Goldman Sachs is conditional upon individuals successfully completing those checks. As part of the background check process, Goldman Sachs may need to obtain a record of disclosable criminal convictions from a government agency such as the Criminal Records Bureau
The firm has adopted policies on the recruitment of ex-offenders and on the retention, storage and disposal of criminal record information which are available on request.
Salary Range
The expected base salary for this New York, New York, United States-based position is $80000-$135000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.
