Operations - Enterprise Operations - Trade & Transaction Reg Reporting - Associate - Jersey City

  • Competitive
  • Jersey City, NJ, USA
  • Permanent, Full time
  • Goldman Sachs USA
  • 15 Oct 18

Operations - Enterprise Operations - Trade & Transaction Reg Reporting - Associate - Jersey City

MORE ABOUT THIS JOB 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.

YOUR IMPACT
As a Business Analyst on the New Business Initiatives' team within the Regulatory Operations department, you will be primarily responsible for managing the requests and implementation of new business ventures and new instruments, with a lens on global regulatory reporting. Business Analyst responsibilities would include process re-engineering, implementing strategic initiatives, as well as partnering with the Business, Legal, Compliance, Operations, and Technology to ensure accurate and timely regulatory reporting on behalf of the firm.

This role requires a motivated individual that can liaise with various groups supporting the securities and derivatives businesses to design, implement, and manage changes to regulatory reporting within the Americas. The team coordinates with global counterparts and various teams within Operations, Technology, Compliance, Legal and the business. The ability to manage multiple deliverables, prioritize, meet deadlines and communicate to all levels of the organization and firm is critical to this role.

HOW YOU WILL FULFILL YOUR POTENTIAL

RESPONSIBILITIES AND QUALIFICATIONS

  • Analysis of regulatory changes related to order, trade, transaction and/or position data
  • Analysis of front to back system infrastructure to understand data flows, booking models, and logic required to capture data
  • Helping implement large-scale initiatives across the Global Regulatory Operations team
  • Proactively assisting the Business, Operations, Compliance, and IT management in understanding the impact of business initiatives on regulatory reporting
  • Conducting deep dive reviews into existing reporting rules and associated infrastructure
  • Reviewing business and functional specifications to determine potential impact to existing regulatory obligations
  • Documenting test scripts and assisting in User Acceptance Testing and post-production check outs for rule/system changes that impact reporting processes
  • Liaise with relevant stakeholders in Operations, Technology, Legal, Compliance, and the Business to address potential areas of risk
  • Training and developing junior staff to understand complex workflows and processes
  • Analyzing data from multiple systems in order to determine how to best write requirements for regulatory reports.
SKILLS & EXPERIENCE WE'RE LOOKING FOR
BASIC QUALIFICATIONS
  • Ability to handle ambiguous requests from various business lines and research requests in order to determine impact assessment across multiple regulatory reports
  • Proven stakeholder management experience, working across multiple locations and jurisdictions
  • Solid understanding of the Equities, List Derivatives, Fixed Income, and/or OTC Derivatives products
  • Strong understanding of the trading life cycle (Orders, Executions, Allocations) and Operational Processes
  • Experience in project management and securities processing (3-7 years of industry or related experience)
  • Strong teamwork skills to work with other areas of the organization (Operations, Compliance, Technology, Legal) to understand regulations, trade flows, Operational processes, etc.
  • Strong analytical and organizational skills, including the developing and tracking of project plans;
  • Advanced use of Microsoft Excel, Word and Powerpoint
  • Strong ability to partner with managers to understand complex regulatory reporting requirements
  • Experience in defining and preparing scope and business and functional requirements
  • Preparing test cases, test scripts and managing user acceptance testing
  • Strong written and verbal communicationskills
  • Ability to present to various levels of the organization
PREFERRED QUALIFICATIONS
  • Certification or industry accreditation is also a plus.
  • Preferred candidate will have 3-7 years of business experience in financial services
  • Candidates' professional experience may have included past responsibility for project management, risk management, product development, and implementation of strategic operational plans
  • Successfully worked with complex financial products/functions with experience including data analysis, information technology, business operating processes, Regulatory Reporting and compliance


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.

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