Operations, FX Operations, Middle Office Analyst recruitment

BUSINESS UNIT AND ROLE OVERVIEW

Goldman Sachs is a leading Foreign Exchange and Currency Derivative provider to the Industry. Foreign Exchange Operations is responsible for supporting the activities of the Foreign Exchange Trading and Sales Desks.

The FX Operations team is responsible for client relationship management, risk management, confirmation and settlement of trades across multiple currencies. The product scope includes Vanilla Forwards and Options, NDFs, Exotics and Structures. The team interacts extensively in a global environment and partners with the business and other operational teams across multiple regions.  We are looking for an individual who is highly motivated and innovative that can work in a diverse team to achieve common goals while driving process improvements.

The primary role of the FX Middle Office team is to provide support for FX products traded in established Markets and to work extensively with the Federation (Technology, Finance, Credit, Corporate Treasury, Legal and Tax) to support new and growing parts of the business as opportunities arise. Due to the nature of the high volume FX Market and complexities within Emerging Markets, there is a significant focus on managing operational risk and building a control framework which protects the assets of the firm, while developing an effective environment for the business to grow and generate opportunities for our clients.

The Middle Office currently supports traders and salespeople in London and in addition also engages in communication with numerous teams across multiple regions including Tokyo, Singapore, Moscow Bangalore, New York and Salt Lake City. The team currently supports the trading and funding of all FX Products and Currency Futures across G10 and a number of Emerging Market countries including Russia, Romania, Czech Republic, Turkey, Poland, Egypt, Nigeria, South Africa, Israel, Hungary and Serbia.

RESPONSIBILITIES

• Control of the day to day FX processes performed within the team, managing high levels of operational risk, while continually seeking opportunities to reduce risk exposure.

• Problem solving capabilities for the firm’s Cross Currency Funding, which also encompasses working closely with Corporate Treasury and Funding.

• Monitoring and working with IT groups to resolve issues preventing trades from flowing into downstream systems.

• Business planning, including future risk management of new products and new markets.

• Operational policy formation and implementation, including risk management and significant liaison with internal Risk Management and Internal Audit teams.

• Establishing controls and ensuring that they are followed, to optimise service and process quality and to manage Goldman Sachs exposure to risk within areas they work.

• Building and maintaining internal relationships with cross derivative teams to improve quality and productivity as well as integrating best practices.

• Proactively partner with the Revenue division to effectively support existing business and to analyse new business requests.

BASIC QUALIFICATIONS

• Minimum 2 years work experience in the Financial Services Industry.

• Demonstrable experience working within a team that has direct exposure to part of the trade lifecycle

• Attention to detail / excellent organisation skills and able to manage own time.

• Strong delivery focus with a proven track record of achieving results and demonstrating proficiency in managing multiple competing tasks on a daily basis.

• A strong communicator, able to interact successfully and deliver results amongst all levels of employees

• Proficient with Microsoft Office programmes such as Outlook, Word, Excel and PowerPoint.