Global Banking & Markets- IB Operation Analyst/Associate- London

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centres around the world.

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We conduct our business in increasingly complex markets. Our people must continually find new ways to provide access to capital, manage risk and provide investment opportunities for our clients to enable them to realise their goals. We judge ourselves on our ability to help clients anticipate and respond to changing market conditions and to create opportunities that merit the trust they place in us.

Investment Banking Operations support the Bank Loans, Fixed Income and Equity Trading Desks. More specifically, the Group supports the Cash Equity / Fixed Income, Bank Loans Syndicate Execution Desk by performing middle office functions.

The role of a Syndicate Associate is to help structure and execute IB transactions as well as support the Syndicate Execution Desks and encompasses the following responsibilities:

• Provide Operational support to the EMEA Syndicate desk to help structure bank loans/equity/debt new issuance and to ensure accurate deal set-up, trade bookings and flows.
• Involves extensive close contact with IB, ECM, DCM, Trading, Sales, Operations groups, Legal, Compliance, Financial Controllers and external brokers/counterparties and clearing systems.
• Review executed commitments and legal documentation to ensure key attributes are captured correctly in internal systems.
• Perform key control and risk management functions for Corporate Bank loans from booking, closing and deal funding.
• Liaise with Common Depositaries, Clearing Houses, GS Legal to ensure transactions close successfully.
• Perform trade corrections in a timely and efficient manner, inform traders of any potential issues, and liaise with Agent Banks to minimize P&L, reputational and settlement risk.
• Weekly risk reporting, and continuous involvement in initiatives to improve STP metrics and system developments.
• Providing updates to Senior Management on a weekly and ad-hoc basis on current market conditions and deal pipeline.

Supporting a busy desk as well as ECM, DCM, Bank Loan and IBD teams, the Candidate will acquire extensive interaction across a number of departments within Goldman Sachs, providing excellent scope to build key relationships with the Business areas and across Federation teams.

In addition to being provided with full training to perform their daily tasks, the Candidate will also receive training on a number of internal systems used in both front and middle office and as a result will play an integral part in working with IT/Project groups in developing an optimal flow for all trade bookings and eliminating any manual processes.

Due to the high level of interaction with other GS departments and external clients, the right candidate will have the following:

• Excellent communication and interpersonal skills as they will often be required to host conference calls or meetings and help structure transactions with banking colleagues, external lawyers and other third parties.
• The ability to work under pressure and in a fast-paced environment.
• Experience in a Bank Loans or Middle Office function would be helpful but is not essential.

Educated to degree level preferred.

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