Operations - Global Markets - FICC Ops - Currency Operations - Vice President - SLC

Location(s) US-UT-Salt Lake City
Job ID
2021-82474
Schedule Type
Full Time
Level
Vice President
Function(s)
Operations
Region
Americas
Division
Operations
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.

RESPONSIBILITIES AND QUALIFICATIONS

BUSINESS UNIT OVERVIEW:

The FX Ops Drafting group within Operations facilitates high efficiency & risk reduction through technology optimization, process convergence and a flexible global organizational structure yielding highest possible regulatory compliance, enhanced client experience, superior partnership with the Business and functional diversity for our people

HOW YOU WILL FULFILL YOUR POTENTIAL:

  • Build and maintain a strong Business relationship with FX trading desks and ensure that their queries and requests are appropriately addressed
  • Reconcile the trade economics with Client and work with supporting teams to resolve exceptions.
  • Onboard new currency templates in partnership with legal and the business
  • Spearhead conversations with the desk on drafting specific confirmations suited for structured and specialized deal
  • Partner with Trading and other Operations teams to provide commentary on legal language and insight for long-term support requirements
  • Ensure control measures are in place and applied to support existing and new transactions and products
  • Approve payments and standard settlement instructions
  • Ensure confirmations accurately incorporate the appropriate ISDA Definitions, Supplements and MCAs
  • Coordinating with external clients to ensure timely execution of settlements and resolve all outstanding queries on balances
  • Participate in enhancement projects with Technology and other Operations colleagues, with an aim to improving scalability and efficiency of the confirmation process.
  • Support strategic settlements and new business offerings while partnering with the business
  • Lead a team of 8-10 individuals
  • Understanding currency cut offs and implication of payment failure
  • Design and initiate process improvements with thorough understanding of template architecture and system flows 
  • Respond to an ever-evolving regulatory environment by:
    • Developing expertise in regulatory requirements and acting as a consultant to translate these regulatory requirements into functional requirements
    • Investigate and ensure payments are made by appropriate industry cut offs and any resulting breaks are escalated in a timely manner to the business

 

BASIC QUALIFICATIONS: 
Preferred candidate will have minimum 7-8 years of operations experience, preferably in derivatives. Ideal candidate should have an understanding of FX derivatives, including the current regulatory environment. Knowledge of current industry focuses and structured transactions a plus. 
Experience with managing a team and leading projects

BA or BS degree is required; concentration in finance or legal studies a plus.
• 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
• Proven ability to work effectively in a team environment; able to work independently and as a self-starter, as appropriate
• Attention to detail 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.

 

PREFERRED QUALIFICATIONS
Understanding of the derivatives industry

Experience with FX Industry vendors,
• Project management experience
• Settlements experience and knowledge of industry platforms like FXALL, GTSS, MISYS, ALERT
• Experience working with legal counsel and external customers a plus"

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



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Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity