JOB TITLE : Risk - MRM - Electronic Trading - Analyst - Bengaluru
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments, and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. We commit people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Our people are our greatest asset - we say it often and with good reason. It is only with the determination and dedication of our people that we can serve our clients, generate long-term value for our shareholders and contribute to the broader public. We take pride in supporting each colleague both professionally and personally. From collaborative workspaces and ergonomic services to wellbeing and resilience offerings, we offer our people the flexibility and support they need to reach their goals in and outside the office.
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RISK BUSINESS
The Risk Business identifies, monitors, evaluates, and manages the firm's financial and non-financial risks in support of the firm's Risk Appetite Statement and the firm's strategic plan. Operating in a fast paced and dynamic environment and utilizing the best in class risk tools and frameworks, Risk teams are analytically curious, have an aptitude to challenge, and an unwavering commitment to excellence.
BUSINESS UNIT - MODEL RISK MANAGEMENT
The Electronic Trading Software Controls (ETSC) group is a global team of engineers and quantitative experts with presence in New York and Bengaluru. ETSC plays a central role in the firm's risk management of electronic trading businesses by performing independent validation of risk controls for the firm's electronic trading flows across all regions and asset classes.
WHAT WE LOOK FOR
This business is ideal for collaborative individuals who have strong ethics and attention to detail. Whether assessing the creditworthiness of the firm's counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firm's success.
RESPONSIBILITIES
- Understanding the broad design of an electronic trading flow (order execution cycle, software stack, inter connected systems)
- Understanding underlying business context and trading activity profile (e.g., financial products traded, order types, market structure and rules, trading algorithms) for the e-trading flow
- Understanding the design and implementation of key software-based pre-trade controls through code walkthrough, control coverage analysis and control design best practices analysis
- Validate the design, implementation and effectiveness of software controls in mitigating market disruption, financial and operational risks in e-trading flows and identifying potential gaps
- Communicate the results and outcomes of validation, including identified gaps to key stakeholders in business and risk, and track gap remediation
- Development of tools to enhance, automate and build efficiency into the validation workflow
Over time the role would provide broad exposure to individuals across financial products, market structures, various algorithmic trading strategies and technology systems and the individual would be expected to:
- Become a subject matter expert in the electronic markets, understand trading software stack, understand business and regulatory concerns and devise automated control mechanisms to improve our control structure
- Promulgate best control practices across the global electronic trading activities
- Provide thought leadership to review, analyze impact of and implement controls for new electronic trading regulatory requirements
The role provides individuals with the unique value proposition of building a solid foundation of financial markets and risk management concepts yet remaining close to the cutting edge of technology in electronic trading space.
SKILLS AND RELEVANT EXPERIENCE
- Bachelors or Masters in computer science, technology or related field with minimum 2 years of work experience
- Strong knowledge of data structures, algorithms, programming paradigms
- Strong written and verbal communication skills and ability to lead discussions with various risk and business teams
- Excellent influencing skills at all levels and the ability to develop and maintain good relationships with senior leadership, stakeholders and colleagues
- Self-motivated with an ability to work independently with a strong sense of ownership and accountability
- Experience in algorithmic trading technology and software
- General understanding of financial markets and financial products
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.