Goldman Sachs & Co. FX Middle Office Operations – Analyst – London in London, United Kingdom

MORE ABOUT THIS JOB

OPERATIONS

Operations is a dynamic, multi-faceted division 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.

RESPONSIBILITIES AND QUALIFICATIONS

OUR IMPACT

The London FX Operations is responsible for the operational risk management of the firm's foreign exchange trading activities. This includes support of all foreign exchange derivative products traded by the FX Trading & Sales Desks in EMEA and Currency Futures and Listed Options. The objective of FX Operations is to maximize efficiency and control, recognize and mitigate risks, identify commercial opportunities, drive industry best practice and standards, and enhance the client experience. The Middle Office team performs critical real time risk management controls, in addition to providing trade flow support, position control, and ensuring accurate books and records.

The range of products supported includes FX Spots; Forwards, Non- Deliverable Forwards; FX Options; Currency Futures and Listed Options.

The London FX Operations team performs daily a range of control functions designed to ensure booking accuracy and integrity of books and records. Main functions are:

  • Monitor and resolve match issues between Trading and Sales bookings

  • Broker trades checkout

  • Reconciliations (Risk Booking System versus factories)

  • Processing of life cycle events such as futures option expiry

  • Supporting trade flow, verification, and books and records accuracy of listed and OTC FX products

  • Ensure positional integrity and trade flow between risk systems, processing systems, and books and records.

  • Serve as a central point of contact for Trading, Sales and other Operations teams.

  • Generate and review management reports and risk analytics

  • Key Risk Reporting of suspense, partnership with the FX Sales and Trading teams in handling client and processing requests.

HOW YOU WILL FUFIL YOUR POTENTIAL

Products and Markets/Risk Management:

  • Understand the products and business supported by the team and gain comprehensive understanding FX trade lifecycle and focused on risk mitigation.

  • Work closely with Trading/Sales to ensure timely/accurate booking of new trades and amendments to existing bookings

  • Perform the reconciliations between Risk booking system and the various factories to ensure accuracy of Books and Records

  • Develop a deeper knowledge of FX Products and systems and apply knowledge across number of workflow enhancements

Relationship management:

  • Establish strong working relationship with the Business and the Federation

  • Provide assistance to other Operations and Federation teams dealing with FX related queries and acting as an intermediary and liaising with Trading/Sales where necessary.

  • Build a strong partnership with our clients in order to improve the allocation process and client service

Leadership skills:

  • Identify process inefficiencies and actively contribute to process re-engineering to improve trade flow and

  • Drive change by implementing new initiatives/projects

SKILLS AND EXPERIENCE WE ARE LOOKING FOR

Basic Qualifications:

  • Bachelor’s degree with 2 year experience in financial services

  • Proven analytical skills, problem solving ability, and a control mentality/attention to details.

  • Aptitude for building relationships and ability to communicate on complex issues

  • Self-motivated and pro-active, organized and able to prioritize effectively. Accountable for projects.

  • Has capacity to adapt to changing market environment and work well under pressure

ABOUT GOLDMAN SACHS

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

© The Goldman Sachs Group, Inc., 2017. All rights reservedGoldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.

Job ID 2017-38055

Schedule Type Full Time

Level Analyst

Function(s) Operations

Location(s) UK-London

Region EMEA

Division Operations

Business Unit Currency Operations

Employment Type Employee