Job Description

CONTROLLERS

Controllers ensure that the firm meets all the financial control and reporting obligations of a global, regulated, and public financial institution. Our professionals measure the profitability of, and risks associated with, every aspect of the firm's business. Controllers also ensure that the firm's activities are conducted in compliance with the regulations governing transactions in the financial markets. 

OUR IMPACT

Funding Controllers is part of the broader Controller Division which is a global team responsible for ensuring the accuracy of the firm’s financial and regulatory information by complying with the rules and regulations governing financial markets worldwide. As well as managing both internal and external financial reporting, our expertise plays a key role in the firm’s business planning decisions around allocation of scarce financial resources such as capital and balance sheet. We partner with the business in providing advice on accounting, valuation, capital, liquidity, reputational risk and other regulatory considerations when executing business with our clients. Controllers is ideal for individuals who want to work and learn within our strong culture of teamwork and collaboration and who are motivated by opportunities for challenging project work.

The Treasury Product Control Team is responsible for the accounting and reporting of GS issued debt and related hedging derivatives.  This includes working with various groups, including Corporate Treasury, Financial Reporting, Legal Entity Controllers, Accounting Policy, Technology, and Derivatives support groups to ensure accuracy of our financial statements and debt disclosures.

BUSINESS UNIT

The Controllers group is responsible for safeguarding the firm's assets: to help maintain the integrity of Goldman Sachs' finances and expenditures. Through careful consideration and analyses of firm finances, objectives and strategies, we ensure that the firm's businesses continue to be profitable and efficiently run. Controllers also ensure that all business practices are in compliance with financial and regulatory requirements worldwide. Since contact with virtually every part of the firm is essential to Controllers, professionals in the department experience Goldman Sachs businesses, products, and sophisticated technology systems in depth. Direct Hedge Funds, Hedge Funds Strategies, Private Equity Group teams within Controllers support the alternative investments within Goldman Sachs Asset Management division with oversight over complex private funds.

OUR RESPONSIBILITES

• Preparing the daily profit and loss account for trading desks, involving an assessment of the nature of revenue generated in the context of market moves and risk held as well as reconciliation between front office systems and sub-ledger as well as the firm's general ledger.
• Producing and reviewing profit and loss attribution and commentary for the bank's trading, investing and new issuance businesses.
• Participate in strategic initiatives to improve process flows and analysis as well as proactively seeking opportunities to improve workflows.
• Intelligently reviewing trading activity to help assess the valuation of the portfolio and to highlight anything unusual or material to management.
• Monthly price verification review and challenge of trader inputs into inventory pricing as well as incremental assessment of less observable inputs.
• Preparing monthly accounts for posting to the firm’s general ledger and producing/reviewing relevant external disclosures.
• To interact effectively and pro-actively with traders and their management on current business issues.
• Assessing risk inherent in trading positions, whether market, compliance or reputational risk etc.
• Developing an in-depth knowledge of products and market awareness.
• Ensuring compliance with all the Firm's financial reporting requirements.
• Account and monitor for the Firm's secured and unsecured financing activities.
• Liaising with other departments in a collaborative and problem-solving capacity.
• To be fully informed of all department developments and issues in their trading areas.
• Review hedging derivatives for compliance with FAS 133 hedge accounting rules.
• Understanding of the impact of Regulatory Capital rules on a trading desk's ongoing and new business and proactively working to identify solutions (e.g NSFR).

REQUIRMENTS 

• Qualified Chartered Accountant; or other relevant professional financial qualifications (e.g. CFA)
• Intellectual curiosity and interest in financial markets/products
• Strong analytical skills and an aptitude for problem solving
• Track record of improving processes and adding value to clients/stakeholders
• Ability to successfully handle multiple tasks and take initiative to improve own performance
• Excellent communication skills with the ability to communicate what is relevant and important in a clear and concise manner
• Knowledge of FAS 133, AFS and HTM accounting is beneficial but not essential
• Experience in preparation of audited financial statements under USGAAP, UKGAAP or IFRS is beneficial but not essential

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’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

Please note that our firm has adopted a COVID-19 vaccination requirement for employees who work onsite at any of our U.S. locations to safeguard the health and well-being of all our employees and others who enter our U.S. offices. This role requires the employee to be able to work on-site. As a condition of employment, employees working on-site at any of our U.S. locations are required to be fully vaccinated for COVID-19, and to have either had COVID-19 or received a booster dose if eligible under Centers for Disease Prevention and Control (CDC) guidance, unless prohibited by applicable federal, state, or local law.

Applicants who wish to request for a medical or religious accommodation, or any other accommodation required under applicable law, can do so later in the process. Please note that accommodations are not guaranteed and are decided on a case by case basis.

© 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.