Financial Accounting

Financial Accounting

Full-Time 54000 - 66000 £ / year (est.) Home office (partial)
Goldman Sachs Bank AG

At a Glance

  • Tasks: Join our Controllers team to ensure financial accuracy and compliance in a dynamic environment.
  • Company: Goldman Sachs, a leading global investment banking and securities firm.
  • Benefits: Competitive salary, health insurance, generous vacation, and wellness programs.
  • Other info: Diverse and inclusive workplace with excellent career growth opportunities.
  • Why this job: Make a real impact on strategic financial objectives while gaining unique insights into the business.
  • Qualifications: Strong analytical, communication, and organisational skills; accounting knowledge is a plus.

The predicted salary is between 54000 - 66000 £ per year.

Controllers, Recovery & Resolution Planning Core Team, Associate - London

We are 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. In addition to managing both internal and external financial reporting, our expertise plays a key role in the firm’s business planning decisions around allocation of financial resources such as capital and balance sheet. We partner with the firm's businesses to provide advice on accounting, valuation, capital, liquidity, reputational risk and other regulatory considerations. Working in Controllers gives our people unique insights into the firm’s businesses and the opportunity to have an impact on key firmwide strategic and financial objectives.

Who We Look For

We’re looking for candidates who will thrive in a dynamic environment where multitasking, attention to detail and analytical skills are essential. Strong communication and interpersonal skills are important in order to work successfully with internal clients, external stakeholders (e.g. regulators) and team members. Above all, we value integrity, a strong work ethic and a desire for excellence from our people.

Recovery & Resolution Planning (“RRP”) Core Team

The RRP Core Team is seeking an Associate to join the team and assist in the production of and assurance over the firm’s global RRP deliverables. The RRP Core Team is responsible for setting the strategy for, planning, and coordinating the firm’s global and local RRP deliverables. The team also has responsibility for running the assurance program across our RRP capabilities and is the first point of call for regulatory enquiries relating to RRP globally. Previous RRP knowledge or experience is not essential.

Responsibilities may include:

  • Authoring, coordinating and reviewing the firm’s recovery and resolution plans and other regulatory deliverables.
  • Participating in the design and execution of assurance exercises such as capability testing and tabletop simulations.
  • Assessing and implementing new regulatory requirements.

Required skills:

  • Technical competence: Knowledge of accounting, capital and/or liquidity concepts and regulatory requirements. Ability to interpret and implement RRP regulatory requirements.
  • Organizational skills: Ability to work with a federated team of 100+ individuals across multiple divisions within the firm to plan and execute on the firm’s RRP deliverables.
  • Communication skills: Ability to communicate clearly and concisely at various levels of seniority.
  • Control mindset: Ability to maintain and develop a robust control, governance and assurance framework around the firm’s RRP deliverables.
  • Analytical skills: Ability to review and challenge financial projections included in the recovery and resolution plans.
  • Writing skills: Ability to produce documentation that meets regulatory submission standards, and the ability to critically review materials prepared by other teams.

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.

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.

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.

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.

Benefits at Goldman Sachs

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance. We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Financial Accounting employer: Goldman Sachs Bank AG

Goldman Sachs Bank AG is an exceptional employer, offering a dynamic and inclusive work environment that fosters professional growth and development. As a DCM Associate in London, you will have the opportunity to engage in high-stakes financing transactions while building valuable relationships in the private equity market. With a strong emphasis on collaboration and innovation, employees are encouraged to thrive and excel in their careers.

Goldman Sachs Bank AG

Contact Details:

Goldman Sachs Bank AG Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Financial Accounting

Tap into Campus Networks

If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.

Get Certified

Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.

Connect on Professional Platforms

Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.

Apply Directly and Be Proactive

Don’t shy away from reaching out directly to firms like Goldman Sachs Bank AG. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.

We think you need these skills to ace Financial Accounting

Knowledge of accounting
Understanding of capital concepts
Understanding of liquidity concepts
Knowledge of regulatory requirements
Ability to interpret RRP regulatory requirements
Organisational skills
Strong communication skills

Some tips for your application 🫡

Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.

Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Goldman Sachs Bank AG.

Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.

Research and Reflect:Before hitting that 'apply' button on Goldman Sachs Bank AG's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!

How to prepare for a job interview at Goldman Sachs Bank AG

Brush Up on Financial Analysis Skills

Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Goldman Sachs Bank AG.

Prepare for Case Studies

Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.

Show Your Passion for Finance

Since this is a full-time position, employers at Goldman Sachs Bank AG will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.

Network with Industry Professionals

Before your interview, reach out to current or former Goldman Sachs Bank AG employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.