Operations, Structured Equity Derivative Middle Office Operations – Associate, Hong Kong recruitment

Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centres around the world.
We are committed to growing our distinctive Culture and holding to 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.

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. Alongside this vital service delivery role, 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. 

BUSINESS UNIT OVERVIEW

The Equity Derivative Operations team is a risk management group that is in charge of all processes that occur after a client trades derivatives. The goal of the team is to confirm that all the trades booked have accurate details and that the clients agree with them. This is done by retrieving trade confirmations from clients, negotiating any breaks and settling trade details. The team mitigates risk by ensuring that all trade confirmations are returned in a timely manner and by adhering to the Fed commitments.

The Flow and Exotic Equity Volatility Business in Asia involves the delivery of bespoke trading solutions to a global client base trading listed otc vanilla options, exotic and hybrid derivatives and listed securitised products. The business face off is board encompassing trading, structuring, marketing and sales.

The Asia Volatility Middle Office plays an integral part of this business providing the controls and efficiencies to allow it safely operate and develop. The team is currently four people in Hong Kong responsible for trade support functions; trade substantiation, product issuance, lifecycle management, document review, control reconciliations and marketing/sales support.

The team is managed within Derivative Operations as part of a wider structured derivative product middle office group. Daily interactions will be with the trading desks, the marketing/sales/structuring desks, other federation groups, external clients, vendors and agents.

The team undertake a number of different functions and are organised accordingly.

RESPONSIBILITIES:
• Support new product origination and issuance of securitised derivatives
• Portfolio lifecycle management of scheduled and market driven events (expiries, callable features)
• New issuance documentation review to ensure integrity of risk and legal product document definitions
• Daily risk mitigation duties such as risk booking analysis, ensuing the accuracy and completeness of hedging activities
• Monitoring and resolving open items on the suite of business critical control and position reconciliations
• Constant interaction with the trading and sales desks on live issues and resolutions
• Work closely with all Federation areas to resolve both client and internal issues whilst also expanding understanding of the business
• Interaction across Operations and the broader Federation on strategic infrastructure development and business expansion

SKILLS / EXPERIENCE

MANDATORY
- 2 years experience in Equity Derivatives Operations
- Good understanding of equity derivatives products (eg: CFD’s, Options, Swaps and Certificates)
- Degree qualified

PREFERRED
- Experience reengineering existing processes and applying Operational best practices
- Highly detail orientated
- Able to work under pressure

Goldman Sachs conducts background checks on individuals offered employment with the firm and employment with Goldman Sachs is conditional upon individuals successfully completing those checks. As part of the background check process, Goldman Sachs may need to obtain a record of disclosable criminal convictions from a government agency such as the Criminal Records Bureau.
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