Asset & Wealth Management Operations - Pwm Ops Accounting & Recon - Associate - Bengaluru Benga

Bringing 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

Operations partners with all areas of Goldman Sachs to deliver our institutional, consumer and asset management businesses and to provide seamless experience for our clients. We manage and process our clients’ business, including onboarding, post-trade processing and regulatory compliance. Our teams work closely across the firm to develop and deliver new products and services, while mitigating operational risk and enhancing the client experience.

We drive process and technology change to scale and automate our businesses. Operations professionals are either embedded in the business segment or division that they support, or they support multiple businesses and are part of core Operations.

Our Reconciliation team is looking for a professional to play a key role in safeguarding the Firm’s reputation by ensuring clients positions & Portfolio information are maintained appropriately on our high-net-worth clients accounts.

Operations is a dynamic, multi-faceted division that partners with all parts of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. In addition, Operations provides essential risk management and control to preserve and enhance the firm’s assets and its reputation. For every trade agreed, every new product launched or market entered, every transaction completed, it is Operations that develops the processes and controls that makes business flow.

The primary responsibility is to perform reconciliation between different sub ledger for all PWM GS client positions and balance. Liaise with various operation and technology groups to ensure client positions in client sub ledger are reflecting accurate information. Associate will also be responsible for sanctity of various portfolio accounting functions including validating and updating the cost basis. The Associate will be expected to escape issues and minimize firm exposure to financial and reputational risk.

• Demonstrate the ability to constantly apply sound business judgment in order to identify exceptions and resolutions
• Develop a profound understanding of product & business involving Trade flows, corporate action events and translate this knowledge to day-to-day responsibilities.
• Ensure Cost basis information is accurately reflecting on client Portfolio
• Satisfy the responsibility for completing detailed reviews of documentation for new and existing clients, including counter party and client statement for ensuring right cost basis information is uploaded
• Engage in opportunities to review processes, analyze information, make decisions and recommendations and implement and monitor procedures.
• Becoming commercially aware and understand the nature of the business you are involved in while at the same time ensuring all Goldman Sachs standards are constantly being met.
• Displaying a strong ability to influence the PWM Business by serving as a liaison between operations, tax legal, compliance and Sales teams