Operations - Liquidity & Collateral Operations - Master Agreement Risk Management - Associate - Bangalore

Job id

25886

Location

Bangalore

Full/Part Time

Full-time

Preferred Qualifications

• Derivatives documentation / trade flow experience
• Familiarity with ISDA Masters Agreements and the relevant schedules along with NY and/or UK law CSA’s
• Ability to analyse system flows and identify issues that have a risk management impact
• Technical skills and system familiarity; Excel as well as experience working with systems that capture data fields
• Attention to detail – goal of zero defect in work product
• Ability to multi-task and prioritize
• Strong control orientation
• Good problem solving skills/judgment – including ability to identify issues that require escalation
• Excellent verbal and written communication – role requires a lot of interaction with internal clients as well as drafting process documentation
• Self starter who will push themselves to learn

Job Summary & Responsibilities

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 world. In addition, Operations provides essential risk management and control, preserving and enhancing the firm’s assets and its reputation.

Operations span all product lines and markets, serving as internal business partners who develop the processes and controls, and help to specify the systems that deliver accuracy, timeliness and integrity to our business.  

The Master Agreements Risk Management team supports all derivative products across Goldman Sachs.  The team's primary responsibility is to review and analyze counterparty documentation against what is captured in the Legal and Credit systems to ensure accurate information is flowing into downstream systems.  Our work directly impacts transaction pricing, margin calls; confirm generation, collateral enforceability and the Firm's liquidity.

Role Overview:

Reconciliation of Master Documentation vs. Systems
• Ensure Legal terms in the documentation are accurately reflected in MAC (Master Agreements and Contracts) and Margin Terms are accurately reflected in GCF (Global Credit File) as well as the firm's new strategic documentation system, CRANE.
• Working with Securities Division, Legal and Credit Risk to develop new processes for enhanced risk management during the execution of amended and new Master documentation. Current emphasis is focused on the on Credit Support Annex and ISDA Schedule terms.
Collateral Enforceability, Netting and Rehypothecation
• Responsible for rule maintenance for collateral enforceability, close-out netting, and rehypothecation in EAGLE, the Firm's rules engine.
• Liaise with Legal, Product Controllers, Credit and Collateral Management where capital charges have been assessed to remediate and release capital.
Reconciliation of Trader Marks
• Reconciliation of documented CSA terms against those which have been manually marked into risk management system by Traders.
• Review and analyze ISDA/CSA and other Master documentation; Determine material clauses and identify key risks in documentation to capture in the firm's systems
• Develop a comprehensive understanding of the Legal and Credit workflow and systems
• Liaise with Legal, Credit, Middle Office, Trading/Sales/Strategists, Corporate Treasury, Collateral and other internal GS teams on issues
• Work closely with IT to identify/resolve system issues, and implement system enhancements to increase efficiency in current processes
• Identify potential risks in operational processes; develop and implement controls to mitigate risk
• Analyze and improve workflow to improve operational efficiency
• Work with the global team to produce reports and build metrics
• Resolution of Ad-hoc issues
• Skills / Relevant Experience


Goldman Sachs is an equal opportunity employer. © The Goldman Sachs Group, Inc., 2013. All rights reserved.

Basic Qualifications

• Minimum of a Bachelor’s degree
• Minimum 4 to 6 years of financial industry experience

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