Asset & Wealth Management Operations Institutional Oversight Associate Bengaluru

Year    Bangalore, Karnataka, India

Job Description


:ASSET MANAGEMENTBringing together traditional and alternative investments, we provide clients around the world with a dedicated partnership and focus on long-term performance. As the firm\'s primary investment area, we provide investment and advisory services for some of the world\'s leading pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals, for which we oversee more than $2 trillion in assets under supervision. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. We are:

  • Investors, spanning traditional and alternative markets offering products and services
  • Advisors, understanding our clients\' priorities and poised to help provide investment advice and strategies that make sense for their portfolios
  • Thought Leaders, providing timely insights across macro and secular themes to help inform our clients\' investment decisions
  • Innovators, using our suite of digital solutions to help our clients address complex challenges and meet their financial goals
OPERATIONSOperations is a dynamic, multi-faceted function 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 IMPACTThe Asset & Wealth Management Segment is made up of Goldman Sachs Asset Management (GSAM) and Private Wealth Management (PWM) and brings together Goldman Sachs\' primary long term principal investing capabilities with the traditional money managing arm of the firm to offer a full suite of world-class investment solutions to the firm\'s clients. Institutional Oversight (IO) team sits within Client Operations and has primary responsibility for all aspects of Institutional account on-boarding, portfolio accounting, cash management, client reporting, and serves as the single point of contact for all Operations related client inquiries. These functions cover a wide range of clients and a complex product range, which include equities, fixed income, currency and derivatives. The group supports portfolio managers, sales and client relationship professionals by providing accurate and timely client account information and overseeing all aspects of operational risk across portfolios. This involves extensive interaction with internal and external parties to ensure effective oversight for existing business and also to shape and implement solutions for new clients, products, strategies, and system architecture. The group continues to focus on best in-class client experience and working closely with the business to maintain and enhance client relationships.YOUR IMPACTWe are looking for a professional who wants to use their skills and experience to help deliver on operations agenda while challenging themselves to further their career at Goldman Sachs.JOB SUMMARY AND RESPONSBILITIES
  • Holistic ownership and understanding of Institutional client accounts from a GSAM Operations perspective by coordinating issues across all Operations teams and business partners, and act as a point of contact for GSAM Operations
  • Review and provide Oversight of account level metrics (i.e. post reconciliation resolve daily cash & position exceptions against custodians, transfer agent, review client managed collaterals & external manager reconciliations etc.) as defined by operating standards and research, escalate, re-mediate exceptions as appropriate.
  • Coordinate and manage tasks such as cash-flow bookings, security transfers, overdrafts to ensure cash balances, positions on client accounts are accurate to support trading activity.
  • Monitor cash flows/transfer requests sent on behalf of clients and process within agreed SLA.
  • Liaise with client\'s appointed counter parties (custodian, transfer agents etc.) and respond to adhoc service requests and inquiries.
  • Ensure accounting data accuracy (Cost reconciliations, current face true-ups) and provide accounting policy oversight in order to create controlled environment for investment management process.
  • Proactively review indicators of operational issues/concerns with the goal of resolving such issues before client impact by working with internal and external stakeholders.
  • Ensure timely instruction of external manager fee payments, capital calls/distributions on a quarterly basis as agreed at the time of account launch.
  • Partner across regional and global teams to drive forward synergies and streamline processes to enable positive client experience.
  • Providing effective thought leadership in navigating evolving financial regulatory landscape and helping to develop technological, low code solutions to build appropriate architecture.
  • Apply process reengineering methodologies in executing strategies and tactical solutions.
BASIC QUALIFICATIONS
  • Proficient in Microsoft Office, specifically Word, Excel, and PowerPoint
  • Be highly collaborative, team-oriented, and strong consensus builder.
  • Demonstrate strong communication and interpersonal skills both written and oral
  • Advanced skills in Microsoft Excel and proficient in PowerPoint, Word, and other MS Office Suites
  • Proven excellence in risk management and focus, high attention to detail with a sense of urgency a must
  • Ability to partner across product groups, regions, and functional responsibilities.
  • Bachelor\'s degree required.
PREFERRED QUALIFICATIONS
  • Previous experience in Operations and/or Financial Services Industry, preferably in Asset management. Relevant work experience of 3-4 years.
  • Demonstrate ability to partner across Operations teams, regions and functional responsibilities.
  • Attention to detail and ability to work to tight deadlines under pressure.
  • Risk management focus along with effective communication skills
  • Ability to drive projects & daily BAU through execution with minimal oversight.
  • Technically adept in working with Business Intelligence and low code tools such as Alteryx, Tableau etc
ABOUT GOLDMAN SACHSAt Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.We believe who you are makes you better at what you do. We\'re committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.We\'re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more:\xc2\xa9 The Goldman Sachs Group, Inc., 2024. All rights reserved.Goldman Sachs is an equal employment/affirmative action employer

Goldman Sachs

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Job Detail

  • Job Id
    JD3336502
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Bangalore, Karnataka, India
  • Education
    Not mentioned
  • Experience
    Year