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Asset & Wealth Management Operations - Position Control Reconciliation - Associate - Bengaluru

Goldman Sachs

Goldman Sachs

Accounting & Finance, Operations
Bengaluru, Karnataka, India
Posted on Thursday, June 6, 2024

Job Description


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 is a dynamic, multi-faceted function 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.


A career with Goldman Sachs Asset Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world's leading asset managers with over $2 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions and building meaningful relationships with your clients. 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. Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors, and individuals.

Separately Managed Accounts (SMAs) are investment accounts that are customized to Investors’ portfolio management strategies and personal values. As investor demand shifts to the customization and personalization of portfolios in SMAs, we want to lead the market in expanding distribution of our differential financial product with outstanding experience.


Portfolio Control Reconciliations sits within Enterprise Operations and has primary responsibility of ensuring accuracy of GSAM’s and Risk counterparts’ books of accounting. By ensuring accuracy and timeliness of data, we facilitate the business in achieving desired objectives for all aspects of account onboarding, portfolio accounting, cash management, tax lot accounting and client reporting. 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 positions and cash balance reporting and exception management 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, GS’s own funds, 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. You will obtain a comprehensive knowledge of products, markets and market related setups. You will also drive initiatives and provide solutions that will have an impact on client experience, Regulatory requirements, and risk mitigation.


This is a highly technical role and as such requires ability to work effectively with a diverse group of professionals both internally and externally on wide variety of products and functions to solve for accounting issues.


  • Effectively execute and manage the daily processes and activities
  • Identify and mitigate risk appropriately. Ensure accuracy and high quality of work while escalating outstanding exceptions/issues to relevant stakeholders.
  • Coverage and oversight of custodian and fund administrators to maximize potential value delivery across the firm
  • Develop an understanding of inter connectivity between teams and functions. Ensure processes and systems are continuously reviewed and improved
  • Achieve results within the team that adhere to expectations around timeliness, quality and cost effectiveness
  • Partner with stakeholders from various teams and regions including our Sales/trading, Technology and Compliance groups for issue resolution and process improvement
  • Identify and lead on efficiency opportunities within the team, support regulatory changes, as well as new client and business requirements
  • Participate/ lead the implementation of organization wide initiatives and projects to meet set goals
  • Develop knowledge of industry trends, competitive landscape and capabilities to facilitate business, increase efficiencies, improve controls and enhance client experience
  • Supporting Portfolio Managers, Fund Boards, and Controllers by providing accurate and timely fund account information and overseeing all aspects of support of each pooled vehicle
  • Provide superior client service and front to back oversight for GSAM’s pooled vehicle complex
  • Ability to operate independently and effectively drive multiple initiatives
  • Detail oriented with the ability to quickly identify and learn pertinent information across wide range of products


  • Bachelor’s degree in Accounting / Commerce / Finance / Business Administration
  • 4+ years of experience in Operations and/or Financial Services Industry and/or Fund accounting & administration
  • Positive attitude and eagerness to learn
  • Strong numerical, analytical, technical and problem-solving skills. Project management skills would be a value add
  • Demonstrates excellent people and process skills
  • Strong communication skills both verbal and written. Ability to create influence and impact
  • Demonstrate willingness to deep dive into an issue or problem to establish and address root cause. Attention to detail and interest in problem solving
  • Proven ability to effectively manage competing priorities and to work well under pressure in a team environment
  • Demonstrate strong team player skills. Effectively collaborate with others both regionally and globally
  • Lead by example to challenge status quo and look for innovative/creative ways to improve current processes and procedures
  • Fund/ NAV experience would be an advantage
  • Knowledge of fund products (i.e., mutual funds and alternative investment funds) and regulatory environments would be beneficial


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’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

© The Goldman Sachs Group, Inc., 2024. All rights reserved.

Goldman Sachs is an equal employment/affirmative action employer