Securities Division Operations - FICC Ops - Currency Operations - Associate - Salt Lake City

Location(s) US-UT-Salt Lake City
Job ID
2020-58967
Schedule Type
Full Time
Level
Associate
Function(s)
Operations
Region
Americas
Division
Global Markets
Business Unit
Currency Operations
Employment Type
Employee

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.

 

OUR IMPACT

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 Americas. 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 Confirms team performs critical real time risk management controls, in addition to providing trade flow support, broker reconciliation and allocation and electronic confirmation of FX bookings.

 

RESPONSIBILITIES AND QUALIFICATIONS

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

 

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

  • Broker trades checkout
  • Confirmation of trade economics directly with clients
  • 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.
  • Participate in enhancement projects with Technology and other Operations colleagues, with an aim to improving scalability and efficiency of the confirmation process.
  • Key Risk Reporting of suspense, partnership with the FX Sales and Trading teams in handling client and processing requests and open risk items such as unconfirmed trades

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 FX trades
  • Economic affirmation of FX trade details with external clients
  • 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
  • Excellent team player, able to work well inside a group and broadly across an organization
  • Proven ability to organize and prioritize own workload and drive results
  • Familiarity with the firm’s risk and control framework
  • Ability to multitask and work in high pressure environment.
  • Strong written and verbal communication skills; demonstrated confidence in communicating in a variety of forums and with varied audiences, including: formal presentations, training sessions, larger meeting venues, and with external/internal clients
  • Attention to detail, particularly with regard to legal language and a sense of urgency in escalating and resolving outstanding issues.
  • Demonstrated commitment to quality controls and procedures
  • Strong problem solving and analytical skills
  • Excellent PC skills, including Microsoft Word and Excel.

ABOUT GOLDMAN SACHS

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., 2020. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity