GBM - Public Dept-Bengaluru-Senior Analyst-Settlements

Job Description

OPERATIONS

Operations is a dynamic, multi-faceted division that partners with all parts of the firm to provide banking, securities, and asset

management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve

and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that

develops and manages the processes and controls that enable business flow.

OUR IMPACT

Interest Rates Product Operations is a critical control and support function for the Interest Rates Derivatives business, managing the

end-to-end trade life-cycle through its Middle Office, Drafting, Confirmations, and Settlement teams.

The Middle Office provides essential risk management by facilitating trade validation, enrichment, and exception management

immediately following execution to ensure books and records accuracy. The Drafting team is responsible for the precise preparation

and negotiation of legal documentation, including bespoke structured confirmations and ISDA standard templates. The Confirmations

team focuses on the timely execution and matching of OTC trade terms with external counterparts to mitigate legal and operational

risk. Finally, the Settlement team manages the accurate exchange of cash flows, manages payment obligations, and ensures the

finality of financial transactions.

Collectively, these teams provide comprehensive daily monitoring and operational oversight for a wide range of IRP products and

business lines, ensuring seamless execution from trade capture to final maturity.

Middle Office

• Mitigate operational risk by identifying and resolving key economic differences between internal bookings and client records
  
  

immediately following trade execution.

• Maintain daily interaction with Trading and Sales desks to ensure trade discrepancies are resolved in real-time.
• Engage with Front Office and Technology teams to facilitate the resolution of technical production issues and system
  
  

enhancements.

Drafting

• Responsible for the precise drafting of legal confirmations for OTC derivative transactions, ensuring alignment with industry
  
  

standards and bespoke trade terms, apply a high-level understanding of ISDA terms, definitions, and templates to ensure legal

enforceability.

• Review and validate trade economics against legal documentation prior to dispatching confirmations to counterparties.
  
  

Confirmations

• Proactively follow up with clients to ensure the timely execution and return of legal confirmations.
• Resolve discrepancies and disputes raised by clients regarding trade confirmations in a timely and professional manner.
  
  

Settlement

• Oversee the accurate settlement of cash flows, including coupon payments, swap resets, and trade maturities.
• Ensure all payment obligations are met and reconciled within established timelines to mitigate liquidity and credit risk.
• Investigate and resolve cash and position breaks to maintain the accuracy of the firm’s financial records.
  
  

General Expectations

• Continually review and improve operational processes to enhance risk management, quality, and cost-effectiveness.
• Develop and maintain deep subject matter expertise in Interest Rates markets, derivative products, and the broader financial
  
  

landscape.

About Goldman Sachs

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. © The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.

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