Global Banking & Markets Operations - Exotic Trade Review - New York City - Associate

Goldman Sachs•New York, NY

12d•Onsite

About The Position

This role is within Global Banking & Markets Operations, specifically in the Exotic Trade Review team in New York City. The position focuses on mitigating operational risk by ensuring appropriate trade usage and accurate trade booking for derivative products. The individual will collaborate with traders, strategists, and structurers, and work closely with technology and strategists to improve workflows, increase efficiency, and implement robust controls. Operations is a key division that supports all parts of the firm, providing essential risk management and control to protect the firm's assets and reputation. The Exotic Trade Review team is a cross-product risk management team that reviews the trade booking and legal documentation of structured derivative transactions to mitigate associated risks. They work with trading teams to enhance trade booking accuracy and verify that appropriate calculations are used to ensure all significant terms are captured during booking.

Requirements

Bachelor’s degree with 1-3 years of experience in financial services.
Proven analytical skill, problem solving ability and a control mentality paired with meticulous attention to detail.
Aptitude for building relationships and ability to communicate complex issues to a wide array of internal clients with differing levels of product experience.
Self-motivated and proactive team player who takes ownership and accountability of projects, has strong organizational and communication skills and the ability to effectively manage competing priorities.
Flexible and able to work well under pressure in a team environment.

Nice To Haves

Quantitative educational background.
Prior experience working with Structured Products.
Pursuing CFA/FRM.

Responsibilities

Gain a comprehensive understanding of the trade life cycle by interacting with traders, strategists, sales, structurers, middle office, legal, product control, and documentation teams to mitigate risk.
Review all economic aspects of derivative trades, gaining knowledge of exotic derivatives and financial risk awareness.
Ensure all trade economics, payoff profiles, and pricing factors are correctly captured in the risk management system.
Identify control weaknesses in booking methodology and discrepancies in legal documentation.
Decompose complex structured transaction payoffs and propose booking solutions.
Develop a deeper understanding of complex transactions and work with business partners to automate and improve existing processes.