Global Banking & Markets- Interest Rate Derivatives Middle Office – Associate - London

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

Within Global Markets Divisional Operations, the Interest Rate Product Sales and Trading Services team provides risk management by facilitating the intraday processing and exception management of trade breaks both internally and externally for Interest Rate Derivatives. Various operational reconciliations are performed on trade date and post trade date to ensure successful trade flow and books and records balancing. Additionally, the team works closely with legal, compliance and other federation teams to interpret and implement key operational controls to support various regulations such as Mandatory Clearing & Mandatory SEF execution clearing. The team also executes various projects aimed at gaining operational efficiency.

The team supports a cross section of products ranging from highly complex structured transactions to more vanilla cleared Interest Rate Derivatives.

A successful candidate will become part of the leadership team, collaborating with other managers and groups across the globe. There is a wealth of knowledge to be gained from the markets, events and products covered by Interest Rate Derivatives on a day-to-day basis, along with a unique opportunity to interact heavily with various businesses and operational units across the firm. The candidate will work directly with institutional clients, sales & trading desks, technology and other business partners to offer best in class client service, solve complex problems and influence change.

This role provides a fantastic opportunity to broaden product and market expertise and to develop management skills across a broad range of topics. This role also provides substantial exposure to senior stakeholders, offering excellent opportunities for career progression. The firm provides a range of development tools including Goldman Sachs University courses and a formal Feedback 360+ review process to enhance management effectiveness and equip individuals to progress in their careers.

The candidate will be required to demonstrate strong product, industry, and technical knowledge to facilitate the transaction flow and to anticipate and avoid potential trade problems. This position requires a high degree of communication with traders and salespeople in a fast-paced setting and ongoing interaction with other Operations teams, Compliance, Credit, and Technology to resolve issues arising from trade execution, client queries, and new business. In addition, we are looking for a strong candidate that can help to drive workflow improvement across the organization.

We are searching for an experienced Operations professional to join the Interest Rate Derivative business unit in London. Responsibilities include:

• Communications – Identify key objectives for the organization and offer strategic vision and innovative ideas. Articulate issues clearly and communicate effectively with all levels of the organization (analyst to managing director). Understand complex situations and communicate with senior leadership ‘in the moment,’ offering opinions and solutions. Demonstrate great interpersonal skills and ability to develop strong relationships with key stakeholders both inside and outside of Operations. Share credit with others and create opportunities for others to build relationships with and present to key stakeholders.
• Functional & Technical Expertise – Leverage deep technical operational expertise to drive strategic change across the front to back of the function and across the global organization. Possess robust financial industry knowledge and experience and takes initiative to broaden skill sets. Exhibit strong analytical skills with an ability to understand complex workflows and provide day-to-day issue resolution. Deliver consistently despite multiple demands through effective time management, prioritization and delegation.
• Innovation – Partner in the definition, review, and execution of the FICC Operations Strategy. Enhance the control environment through business intelligence-related initiatives to increase scalability, adapt to regulatory changes and deliver creative solutions to clients. Proven track record as an agent of delivery and change, challenging existing processes to evolve businesses and industry to align with Operation’s Strategic objectives. Create a culture of innovation whereby teams proactively investigate how they may be able to leverage new or alternative technologies and working practices.
• Client Focus – Identify client needs and optimize operational efficiency by offering innovative and tangible solutions. Effectively handle difficult requests and build trusting, long-term relationships with clients. Balance priorities of ensuring optimal outcomes for clients and simultaneously pursuing the firm’s interests.