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Global Markets Division - Prime Brokerage & Clearing Operations - Vice President - London

Employer
Goldman Sachs
Location
UK
Salary
Competitive
Closing date
22 May 2022

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Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
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WHO WE ARE
Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net-worth individuals.

Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Bengaluru, Frankfurt, Tokyo, Hong Kong and other major financial centres around the world.

We are committed to growing our distinctive Culture and upholding our core values which always place our client's interests first. These values are reflected in our Business Principles, which emphasise integrity, commitment to excellence, innovation and teamwork.

BUSINESS UNIT OVERVIEW

Prime Brokerage & Clearing Operations provides clearing, execution and custody services for all major products across over 75 exchanges. Clients include hedge funds, asset managers, governments, corporates, broker dealers, Goldman Sachs franchise traders, other professional investors and market markers.

Operations teams supporting the Prime Brokerage and Clearing business are responsible for providing centralized securities clearing and settlement, managing cash inflows and payments, and maintaining the accuracy of clients' positions and transactions. The Prime Brokerage & Clearing Operations consists of three functional teams, namely; Middle Office, Control & Custody Services. The department's key priorities are to mitigate risk, provide exceptional client service and drive strategic change.

RESPONSIBILITIES

The position available is with the Prime Brokerage & Clearing Operations team. The reporting line is to the Department Manager.

Key stakeholders and interactions will be with Clients, GS Trading and Sales Desks, Engineering and Operations Teams, Credit, Legal, Compliance and external counterparties.

Your responsibilities will include:
  • Developing and maintaining strong relationships with all stakeholders - Clients, Business, Engineering, Operations and Credit. Actively engage, partner and drive changes, provide excellent service and support.
  • Monitoring and ensuring the delivery of the highest standard of client service
  • Monitoring Key Risk Indicators and ensuring they are at or below agreed levels
  • Proactively managing operational risk inherent in business.
  • Ensuring all operational risk/issues are identified and mitigated appropriately and proactively.
  • Ensuring adequate operational controls to manage non generic business.
  • Completing and overseeing daily checklist ensuring all controls, procedures and processes relating to the assigned functions are followed
  • To act as a change agent solving problems at root cause whilst also taking / making opportunities to automate flows
  • Consistently striving to identify opportunities to reduce risk, manual processing, improving client experience and being commercially effective

DEVELOPMENT PROSPECTS

Prime Brokerage & Clearing operations has the benefit of being located in the nucleus of an investment bank so the exposure and interaction that the successful candidate will gain will be vast. The successful hire will interface with global team across divisions. The successful candidate will be expected to act as a change agent, by improving processes and procedures and contribute meaningfully to the overall strategy of the organisation.

SKILL / EXPERIENCE

MANDATORY

We are looking for an enthusiastic and committed individual who is looking to operate in a dynamic working environment where communication and teamwork skills are essential.

Exceptional client service and relationship building are required to interact with our clients and the team.

The candidate should have a control focus and be achievement orientated to produce results to ensure that all risk is mitigated.

The candidate should have experience in leading line teams which perform same day deadline driven tasks

PREFERRED

Work experience in a prime brokerage or securities middle office, trade support or settlements role for 4-6 years

Experience of playing a leading role in a team providing task supervision, support and training to more junior members.

Equities Industry and market knowledge would be an advantage.

Experience of market infrastructure and vendor platforms would be an advantage.

QUALIFICATIONS

Degree / A level educated candidate would be preferred. IAQ would be an advantage
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. We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html The Goldman Sachs Group, Inc., 2021. All rights reserved. Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity
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