Goldman Sachs Looking for Global Banking & Markets – Regulatory Reporting – Associate – Bengaluru at Bengaluru, Karnataka Full Time

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 segment that partners with all parts of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. In addition, Operations provides essential risk management and control to preserve and enhance the firm’s assets and its reputation. For every trade agreed, every new product launched, or market entered, every transaction completed, it is Operations that develops the processes and controls that makes business flow.

YOUR IMPACT

We’re looking for a professional individual who wants to apply their financial market knowledge and further develop their understanding in the fast-growing sector of regulatory reform. With the continued high rate of change in the regulatory reporting space, Regulatory Operations professionals have a mandate and platform to significantly impact their environment and the wider business.

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.

Regulatory Operations has responsibility for position and trade reporting to key American, European and Asian exchanges and regulators. The Regulatory Operations Bangalore team’s mission is to support Regulatory Operations in the production of various trade and position reports within the Americas, Europe and Asia. The team plays an integral role in ensuring that the Firm meets its regulatory reporting obligations globally. The Team consists of talented and highly motivated individuals who are extensively involved in the preparation of the mandated reports, as well as the implementation of effective control processes, efficiency initiatives, BCP, and other Department initiatives.

JOB SUMMARY AND RESPONSIBILITIES

An employee within MCVO will primarily be focused on the mitigation of counterparty credit risk through the performance of a number of operational processes. They will be expected to perform these functions as well as demonstrating innovation and a proactive approach, highlighting inefficiencies, risks and implementing improvements. In addition, they will also be expected to provide a high level of service to their clients.

The role will involve close interaction with a wide range of areas of the bank including Credit Risk Management, Legal and Compliance, Sales, Trading, Controllers, Middle Office, Client Representatives, Central Clearing Services and other Operations Departments. As a result the successful candidate will be required to possess strong communication skills.

We promote cross training and ensure our employees develop a broad level of understanding across the varied departmental functions carried out. You can expect to be given early responsibility and in return you will be expected to contribute your own ideas to make a difference and add value to the group.

Some specific set of responsibilities are

Develop expert knowledge in Regulatory requirements, processes and systems across global jurisdictions

Perform reconciliation and exception management as per the various Regulatory requirements

Investigate and remediate issues with these reports and develop control improvements

Contribute to strategic initiatives relating to these reports, for example strategic Technology developments

Improve current processes, procedures and reports including automation of manual processes

Define and produce comprehensive project documentation in support of strategic initiatives and change management including: business/functional requirement documents, process flow diagrams and comprehensive data analysis

Produce test scripts and co-ordinate / participate in testing activities with Operations and Technology

Work with Legal, Compliance, Technology, other Operations groups and various Business units to manage change programs and issue resolution for these reports

Act as a risk manager for the firm through ongoing assessment and awareness of the regulatory environment and the firm’s adherence to its reporting obligations

BASIC QUALIFICATIONS

Problem Solving – be able to analyze the problem and produce potential solutions, will the required direction

Basic Knowledge/Experience in Regulatory Reporting – around technical terms, jargons used in the industry

Tools & Technique – such as SQL language to be able to self-serve & analyze

Risk mindset – Being detail-oriented and capable of delivering a high level of accuracy

Proficient in the use of MS Office products

Candidate must be proactive, enthusiastic and team oriented

Ability to learn quickly and adapt to new changes and new challenges

PREFFERED QUALIFICATIONS

Strong Regulation Knowledge on MiFID II Reporting including Trade Life Cycle, JIRA instance navigation, Product expertise, etc.

Tools & Technique – aware of commonly used tools such as Kibana, DROIT, SQL [advanced]

Problem Solving – be able to analyze the problem independently and produce potential solutions, will limited oversight/direction

Communication skills – be able to drive discussion independently with stakeholders to address & resolve issues

Proven ability to organize and prioritize workload and drive results

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., 2021. All rights reserved.

Goldman Sachs is an equal employment/affirmative action employer