Securities settlement Analyst

Securities Settlements team 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 team 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 organisation.

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.

OUR IMPACT

Operations is a dynamic, multi-faceted function that partners with all areas of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. Alongside this vital service delivery role, Operations provides essential risk management and control, preserving and enhancing the firms assets and its reputation.

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.

Securities Settlements is operating under Equities department. The Team’s primary function is to partner with key stakeholders (middle offices, desks, traders etc) to enable timely settlements with a focus on efficiency, control, and excellent client service.

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.

This position description is intended to describe the duties most frequently performed by an individual in this position. It is not intended to be a complete list of assigned duties but to describe a position level.

The role shall be performed within a professional office environment. Goldman Sachs has health and safety polices that are available for all workers upon request. There are no specific health risks associate with the role.

Securities Settlements Operations globally is located in London, Salt Lake City, Singapore and Bangalore.

The department’s key priorities are to mitigate risk, provide exceptional client service and drive strategic change.

JOB SUMMARY AND RESPONSBILITIES

The position available is with the Securities Settlements Operations team – Bengaluru location. The reporting line is to a Team Manager as first line management, with further supervision by the Vice President.

Key stakeholders and interactions will be with GS Trading and Sales Desks, Engineering and Operations Teams, Credit, Legal, Compliance and external counterparties.

The following tasks give an overview of what is required day to day:

• Monitoring Settlement activity and ensuring securities are in the right place at the right time
• Monitoring Firm inventory to ensure it is moved or converted to facilitate settlement
• Working with the Trading Desk on securing borrows to facilitate settlement
• Query resolution and interaction with trading desk and clients on failing trades
• Investigating and resolving discrepancies of positions (cash and securities) in the firm’s books and records.
• Completing daily checklist ensuring all controls, procedures and processes relating to the assigned functions are followed
• Acting as a change agent solving problems at root cause whilst also taking / making opportunities to automate flows

BASIC QUALIFICATIONS

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.
• Degree / A level educated candidate would be preferred.
• Strong organizational skills required.
• Deadlines within this role are very strict with “zero tolerance.”
• Prompt escalation and clear communication is paramount.
• Be flexible, work on projects or aid other team members.

PREFERRED QUALIFICATIONS

• Work experience in Securities Settlements, Inventory Management, trade support or securities middle office role for 2 to 5 years.
• Equities Industry and market knowledge would be an advantage