Global Banking

Job Description

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 firms 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.

The Frankfurt Fixed Income Operations team is a risk management team in Operations responsible for supporting bond transactions executed by the German Sales desks, ensuring accuracy of bookings as well as pre-matching and fails management.

The Frankfurt Fixed Income Operations 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:

• Allocations
• Resolve match issues between Trading and Sales bookings
• Trade amendments
• Reconciliations and breaks resolution
• Pre-matching
• Management of fails and settlement issues

In addition, the team focuses heavily on continuous process improvement and automation. This is done through partnerships with our clients, sales, and other Ops teams with the aim of encouraging adoption of industry best practices in relation to straight through processing and thus improving our automation rates.

HOW YOU WILL FULFILL 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
• Resolve trade fails

Relationship management:

• Establish strong working relationship with the Business and relevant Operations teams
• 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.

Leadership skills:

• Identify process inefficiencies and actively contribute to process re-engineering to improve trade flow
• Drive change by implementing new initiatives/projects

BASIC QUALIFICATIONS

• Bachelors degree
• Proven analytical skills, problem solving ability, and a control mentality/attention to details
• Aptitude for building relationships and ability to communicate on complex issues
• Self-motivated and pro-active, organized and able to prioritize effectively. Accountable for projects
• Has capacity to adapt to changing market environment and work well under pressure

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

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

The Goldman Sachs Group, Inc., 2023. All rights reserved.
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.

Locations - Opportunity Overview

CORPORATE TITLE
Analyst

OFFICE LOCATION(S)
Frankfurt

JOB FUNCTION
Matching, Shaping, Allocation

DIVISION
Global Banking & Markets

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