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 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.
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YOUR IMPACT
As a middle office professional in the India Broker Dealer Operation's team you will hold a challenging, client-facing role, providing front to back operational support to international trading desks and external clients accessing the Indian Listed Derivative Market.
OUR IMPACT
The India Broker Dealer Operations team is part of the Operations division of Goldman Sachs and functions within the Indian securities entity; Goldman Sachs (India) Securities Private limited (GIPL). It is a relatively small team located out of two offices; Mumbai and Bengaluru supporting trading desks and external clients accessing the dynamic and heavily regulated Indian market through the Indian broking entity GIPL.
The India Broker Dealer Operations team provides front to back support for all operational aspects of India equities trading, from client initiation all the way through to settlement accounting whilst upholding strict standards of client service and risk management. To this end, the team supports sales and trading while closely collaborating with other parts of the federation such as technology, controllers, legal, compliance and various other teams within operations.
JOB SUMMARY AND RESPONSIBILITIES
- Trade booking and clearing of Indian Listed Derivative and equity trades executed by the firm and its clients
- Performing essential trader support in timely manner by furnishing traders in Mumbai and other locations with essential trade and market data
- Performing live Risk Management and client servicing functions for clearing clients
- Client reporting on end of day position and margin requirements
- Interfacing with clients, explaining the Indian documentation requirements as prescribed by SEBI
- Performing regulatory trade reporting to the exchanges and liaising with domestic custodians on trade matching and fail trade resolution
- Obtaining an in-depth knowledge of the rules, regulations, due diligence requirements and various nuances of the Indian Listed Derivatives and equity markets, as well as a sound understanding of our systems
- Responding promptly to client and counterparty inquiries, committing to deliverables as well as undertaking ad hoc investigation and analysis
- Performing regulatory trade reporting to the exchanges and liaising with clearing members for give-out trades
- Client Margin and Collateral Management
- Maintaining a strict control standard on our downstream books of accounts and ensuring breaks are resolved in a timely manner
- Partnering with clients, trading desks and technology to improve efficiency, scalability and improve client experience through process re-engineering
BASIC QUALIFICATIONS
- Bachelor's degree with a minimum of two year of experience in financial services
- Self-motivated and proactive team player, who takes ownership and accountability of projects, has strong organizational skills as well as the ability to effectively manage competing priorities
- Flexible and able to work well under pressure in a team environment
PREFERRED QUALIFICATIONS
- Experience in the Indian Listed Derivative or equity markets
- LD Trading operations and middle office experience
- Strong communication skill and comfortable interacting with external clients
- Proactively seeks knowledge and takes up self-learning initiatives
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