Global Banking & Markets Operations - Settlements - Analyst - Bengaluru

Job description

**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 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 JOB SUMMARY AND RESPONSIBILITIES** Interest Rates Product Operations is a critical control and support function for the Interest Rates Derivatives business, managing the end-to-end trade life-cycle through its Middle Office, Drafting, Confirmations, and Settlement teams. The Middle Office provides essential risk management by facilitating trade validation, enrichment, and exception management immediately following execution to ensure books and records accuracy. The Drafting team is responsible for the precise preparation and negotiation of legal documentation, including bespoke structured confirmations and ISDA standard templates. The Confirmations team focuses on the timely execution and matching of OTC trade terms with external counterparts to mitigate legal and operational risk. Finally, the Settlement team manages the accurate exchange of cash flows, manages payment obligations, and ensures the finality of financial transactions. Collectively, these teams provide comprehensive daily monitoring and operational oversight for a wide range of IRP products and business lines, ensuring seamless execution from trade capture to final maturity **JOB SUMMARY AND RESPONSIBILITIES** **Middle Office** - Mitigate operational risk by identifying and resolving key economic differences between internal bookings and client records immediately following trade execution. - Maintain daily interaction with Trading and Sales desks to ensure trade discrepancies are resolved in real-time. - Engage with Front Office and Technology teams to facilitate the resolution of technical production issues and system enhancements. **Drafting** - Responsible for the precise drafting of legal confirmations for OTC derivative transactions, ensuring alignment with industry standards and bespoke trade terms, apply a high-level understanding of ISDA terms, definitions, and templates to ensure legal enforceability. - Review and validate trade economics against legal documentation prior to dispatching confirmations to counterparties. **Confirmations** - Proactively follow up with clients to ensure the timely execution and return of legal confirmations. - Resolve discrepancies and disputes raised by clients regarding trade confirmations in a timely and professional manner. **Settlement** - Oversee the accurate settlement of cash flows, including coupon payments, swap resets, and trade maturities. - Ensure all payment obligations are met and reconciled within established timelines to mitigate liquidity and credit risk. - Investigate and resolve cash and position breaks to maintain the accuracy of the firm’s financial records. **General Expectations** - Continually review and improve operational processes to enhance risk management, quality, and cost-effectiveness. - Develop and maintain deep subject matter expertise in Interest Rates markets, derivative products, and the broader financial landscape **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. about our culture, benefits, and people at GS.com/careers. We Offer Best-In-Class Benefits Healthcare & Medical Insurance We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance. Holiday & Vacation Policies We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year. Financial Wellness & Retirement We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities. Health Services We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices. Fitness To encourage employees to live a healthy and active lifestyle, some of our offices feature on-