EMEA Controllers - Product Control and Funding Control - Associate - London
- Employer
- Goldman Sachs
- Location
- London, United Kingdom
- Salary
- Competitive
- Closing date
- Oct 1, 2020
View more
- Job Function
- Accounting/Audit/Tax
- Industry Sector
- Finance - General
- Employment Type
- Full Time
- Education
- Bachelors
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MORE ABOUT THIS JOB
Job-title : EMEA Controllers - Product Control and Funding Control - Associate - London
Application Opening Date: 25 September 2020
Application Closing Date: 22 October 2020
Location: London
Salary: Competitive
Full time
Product Control and Funding Control is one of the largest departments within the Controllers group and supports the trading divisions across all asset classes: Fixed Income, Currencies and Commodities, and Equities. As a Product or Funding Controller you would be expected to become a key contact for the Federation and a broader set of stakeholders across the firm. Through this you would have the opportunity to develop a detailed understanding of Goldman Sachs businesses, products and sophisticated technology systems in depth. You will receive continuous training, both formal and informal, and the support of senior members of our team.
RESPONSIBILITIES AND QUALIFICATIONS
THE PRODUCT CONTROL MODEL AT GOLDMAN SACHS
We operate a "complete ownership" model and see this as a "mini-CFO" role with regards a trading desk, with responsibilities including [plus some of the team's controller liaise with]:
RESPONSIBILITIES
The primary responsibilities of Product and Funding Controllers are to produce and analyse the daily trading activities, to report the trading divisions' profits and losses and to verify the values of positions held by the trading desks, both securities and derivative. This role requires extensive liaison with the trading desks, the Risk Management Group and the Operations Teams, as well as with colleagues in Controllers. Product Controllers are expected to develop a good understanding of the products they monitor and of the strategies used by the trading desk to generate revenue for Goldman Sachs. The function has become increasingly technical in content and offers a challenging and interesting role, which would suit dynamic, bright and ambitious individuals with a drive to succeed.
RECOMMENDED SKILLS and QUALIFICATIONS
Our people come from a diverse set of backgrounds and experiences, if you're interested in working in the product control or funding controllers, you should be able to demonstrate the following:
ABOUT GOLDMAN SACHS
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
© The Goldman Sachs Group, Inc., 2020. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity
Job-title : EMEA Controllers - Product Control and Funding Control - Associate - London
Application Opening Date: 25 September 2020
Application Closing Date: 22 October 2020
Location: London
Salary: Competitive
Full time
Product Control and Funding Control is one of the largest departments within the Controllers group and supports the trading divisions across all asset classes: Fixed Income, Currencies and Commodities, and Equities. As a Product or Funding Controller you would be expected to become a key contact for the Federation and a broader set of stakeholders across the firm. Through this you would have the opportunity to develop a detailed understanding of Goldman Sachs businesses, products and sophisticated technology systems in depth. You will receive continuous training, both formal and informal, and the support of senior members of our team.
RESPONSIBILITIES AND QUALIFICATIONS
THE PRODUCT CONTROL MODEL AT GOLDMAN SACHS
We operate a "complete ownership" model and see this as a "mini-CFO" role with regards a trading desk, with responsibilities including [plus some of the team's controller liaise with]:
- P&L reconciliation [liaising with Operation, Technology and Strats]
- P&L explain [Traders, Strats, Market Risk]
- New trade analysis [Traders and Strats]
- Balance sheet review [Legal Entity Controllers]
- Capital requirements for new trades and ongoing business [Regulatory Capital controllers, Market Risk Controllers, Credit Risk Controllers]
- Price verification [Traders and Controllers PV group]
- Financial Reporting disclosures [Accounting Policy, Legal Entity Controllers]
RESPONSIBILITIES
The primary responsibilities of Product and Funding Controllers are to produce and analyse the daily trading activities, to report the trading divisions' profits and losses and to verify the values of positions held by the trading desks, both securities and derivative. This role requires extensive liaison with the trading desks, the Risk Management Group and the Operations Teams, as well as with colleagues in Controllers. Product Controllers are expected to develop a good understanding of the products they monitor and of the strategies used by the trading desk to generate revenue for Goldman Sachs. The function has become increasingly technical in content and offers a challenging and interesting role, which would suit dynamic, bright and ambitious individuals with a drive to succeed.
- 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
- 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
- Assessing risk inherent in trading positions, whether market, compliance or reputational risk etc
- Understanding of the impact of Regulatory Capital rules on a trading desk's ongoing and new business
- Account and monitor for the Firm's secured and unsecured financing activities
- Liaising with other Federation departments in a collaborative and problem-solving capacity
RECOMMENDED SKILLS and QUALIFICATIONS
Our people come from a diverse set of backgrounds and experiences, if you're interested in working in the product control or funding controllers, you should be able to demonstrate the following:
- Have a qualification as a Chartered Accountant, or other relevant professional financial qualification (e.g CFA). We will also consider part-qualified candidates currently on other bank ACA/or similar programmes
- Strongly familiar with development of business intelligence solutions to automate processes required
- Being able to create system testing scripts and work with Technology for system enhancement required
- Being able to work closely with other desks to streamline P&L processes required
- That you are highly motivated, with commercial focus and strong analytical and communication skills
- You enjoy being challenged, are team orientated and have good attention to detail
- You should have integrity, professional skepticism, a strong work ethic and a desire for excellence
- You have good interpersonal skills as complement to technical aptitude
- Knowledge of Alteryx Designer and SQL will be an advantage
- A track record of improving processes and adding value to clients/stakeholder
ABOUT GOLDMAN SACHS
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
© The Goldman Sachs Group, Inc., 2020. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity
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