GBM - Public Dept - London - Vice President - Operations - FICC Capital & Portfolio Optimization
Goldman Sachs
OUR IMPACT
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 globe. Alongside this integral service delivery role, Operations provides essential risk management and control, preserving and enhancing the firm’s assets and its reputation. Behind every trade executed, every new product launched, every market entered, and every transaction completed is an Operations team that develops the foundational processes and controls that make our business flow.
Within the Global Banking & Markets Division Operations, the Capital & Portfolio Optimisation (CAPO) is responsible for executing internal and external optimization activity to manage firm balance sheet strategy for the FICC derivative businesses. CAPO partners with trading, quants, engineering, operations and controllers to build, execute and refine the processes that manage this strategy.
The team operates globally with presence in London, New York City and Singapore; supporting a variety of products spanning cleared and uncleared Interest Rate, Credit, FX and Mortgage derivatives. As a Vice President, you will be required to develop a strong product, industry, and process knowledge to support ongoing and new initiatives such as derivative compression, initial margin and counterparty risk optimization.
YOUR IMPACT
The role requires a high degree of communication and initiative to meet tight deadlines in a fast paced and evolving environment. The team values individuals who are self-motivated, quick learners and detail orientated with an eye for process improvement, risk and control frameworks. You will work extensively with third party optimization vendors, clearing houses and middleware providers to deliver optimization processes to manage the firm’s balance sheet capital costs. A successful candidate will be expected to manage local juniors and show thought leadership across the FICC Operations organization by managing key stakeholders & external vendors, prioritizing strategic initiatives, and for the team.
You will be expected to:
• Manage external vendor relationships to drive strategic business goals for the FICC derivatives businesses.
• Become an expert in processes/workflows the team manages to mitigate operational risk and drive operational efficiencies.
• Manage real-time trade booking exceptions which arise during internal and external optimization workflows.
• Engage in various industry and regulatory initiatives in a constantly changing environment.
• Engage senior stakeholders to manage business demands with operational resourcing.
• Mentor and manage junior talent to excel in their roles.
PREFERRED SKILLS & EXPERIENCE:
Basic Qualifications
• At least 7+ years of experience in investment banking, buy side or institutional operations experience.
• Experience managing and developing junior talent.
• Extensive derivatives knowledge with a focus on interest rate, foreign exchange (FX), and credit/mortgage products.
• Proven ability to effectively manage operational risks and develop control enhancements
• Proactive, enthusiastic, and creative approach with high attention to detail.
• Ability to prioritize and multi-task in a fast-paced environment.
• Effective problem solving and critical thinking skills with proven track record of exercising sound judgment.
• Competency with MS Suite, especially Excel, and the ability to learn multiple programs quickly.
Preferred Qualifications
• Knowledge and experience of post-trade risk reduction (PTRR) services such as optimization vendors and clearing houses.
• Understanding of the bank regulatory environment in topics such as GSIB, CCAR, Basel III capital rules and CFTC, EMIR, SEC, HKMA, MiFIR portfolio compression requirements.
• Data analytics and experience with BI tooling such as Alteryx or Python.
• Experience using AGILE methodologies to manage cross functional projects.