Global Banking & Markets - Operations Equities Execution Services - Associate - Frankfurt

Global Banking & Markets - Operations Equities Execution Services - Associate - Frankfurt Frankfurt, Hessen, Germany

Within Global Banking & Markets Operations, the Frankfurt Equities Execution Services Operations team is responsible for supporting cash equities transactions executed by the German/Austrian and Swiss Sales desks, ensuring accuracy of bookings as well as pre‑matching and fails management.

The position requires a high degree of communication with Sales, Trading and our clients in a fast‑paced setting and ongoing interaction with other Operations teams, Compliance and Technology to resolve issues arising from trade execution, client queries, and new business. In addition, we are looking for a strong candidate that can help to drive workflow improvement.

The team performs a range of daily control functions designed to ensure booking accuracy and integrity of books and records. Additionally, the team takes care of the post‑allocation flow which includes pre‑matching and fails management. Main functions are:

• Managing client relationships and communicating with clients, Middle Offices and custodians
• Taking part in client calls, meetings (virtual and face‑to‑face) and broker reviews
• Trade allocations and amendments
• Reconciliations and breaks resolution
• Coordinating processing of life cycle events such as asset servicing events
• Trades pre‑matching
• Management of fails and settlement issues

In addition, the team focusses heavily on continuous process improvement and automation through partnerships with our clients, sales and other Ops teams. The goal is to encourage adoption of industry best practices in relation to straight‑through processing and improve our automation rates.

Your Impact

Are you looking for an opportunity to be part of a team that works directly with institutional clients, Sales & Trading desks, Engineering and other business partners to offer best in class client service, solve complex problems and influence change? This is a great opportunity for an analytical/client service individual to utilize their professional skills by controlling risks and driving efficiencies in a fast‑paced environment.

How you will fulfil your potential

Products and Markets/Risk Management

• Understand the products and business supported by the team
• Identify and reconcile trade booking errors
• Liaise with Sales to ensure timely/accurate booking of new trades and amendments to existing bookings
• Allocate trades once executed
• Pre‑match trades in a timely manner

Relationship management

• Establish strong working relationship with the Business and other teams such as Engineering
• Build a strong partnership with our clients in order to improve the pre‑matching/allocation process and client service
• Provide assistance to other Operations and Federation teams dealing with trade related queries and acting as an intermediary and liaising with Sales where necessary
• Identify process inefficiencies and actively contribute to process re‑engineering to improve trade flow and
• Drive change by implementing new initiatives/projects

ABOUT GOLDMAN SACHS

At 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 are committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more:

Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.

Benefits

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short‑term disability, long‑term disability, life, accidental death, labor accident and business travel accident insurance.

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state‑of‑the‑art on‑site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on‑site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre‑approved amount).

Child Care & Family Care

We offer on‑site child care centers that provide full‑time and emergency back‑up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs: Read more about the full suite of class‑leading benefits our firm has to offer.

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