At a Glance
- Tasks: Join our team to manage financial reporting and ensure compliance in a dynamic environment.
- Company: Goldman Sachs is a leading global investment banking and securities firm with a commitment to diversity.
- Benefits: Enjoy professional growth opportunities, wellness programs, and a supportive work culture.
- Why this job: Be part of a collaborative team that values ethics and offers challenging projects.
- Qualifications: Qualified Chartered Accountant or relevant financial qualifications; strong analytical skills are essential.
- Other info: This role requires on-site work and adherence to COVID-19 vaccination policies.
The predicted salary is between 43200 - 72000 £ per year.
Job Description
OUR IMPACT
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.
We\’re a team of specialists charged with managing the firm\’s liquidity, capital, and risk, and providing the overall financial control and reporting functions. Whether assessing the creditworthiness of the firm\’s counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firm\’s success. The business is ideal for collaborative individuals who have strong ethics and attention to detail.
Asset and Wealth Management (AWM) Controllers is part of the broader Controller Division which is a global team responsible for ensuring the accuracy of the financial and regulatory information of the firm and for funds managed by the firm. 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.
YOUR IMPACT
The AWM Product Control Team is responsible for the accounting and reporting of the firm\’s long term investments and managed funds, with a strong emphasis on the valuation and other accounting issues inherent in illiquid assets held across a wide variety of asset classes. This includes working with various groups, including Investment Asset Managers, Financial Reporting, Legal Entity Controllers, Accounting Policy and Technology support groups to ensure accuracy of our financial statements and other disclosures. The team produces high quality reporting and analysis of our investments and fund activities which is leveraged by many teams across the firm up to the most senior level.
RESPONSIBILITIES
- Preparing the daily profit and loss account for the business, 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, sub-ledger and the firm\’s general ledger.
- Performing periodic independent valuation reviews for less liquid assets held by the firm and alternative investment funds managed by the firm. This ranges across private equity, private credit and real estate assets.
- Performing analytical and exception-based review of investments and financial instruments within complex, open-ended European funds with monthly NAV reporting, reconciling external fund admin data against internal expectations.
- Participate in strategic initiatives to improve process flows and analysis as well as proactively seeking opportunities to improve workflows.
- Preparing monthly accounts for posting to the firm\’s general ledger and producing/reviewing relevant external disclosures.
- Interact effectively and pro-actively with the business to solve accounting issues and facilitate financial information flows which form the basis of commercial decisions.
- Developing an in-depth knowledge of products and market awareness.
- Ensuring compliance with all the Firm\’s financial reporting requirements.
- Preparing, analyzing, reviewing and presentation of investments on the daily balance sheet.
- Understanding of the impact of Regulatory rules on the business\’s activity.
- Facilitating the smooth running of audits for the funds and the firm\’s holding entities.
REQUIREMENTS
- Qualified Chartered Accountant; or other relevant professional financial qualifications (e.g. CA, CFA, CMA).
- We will also consider part-qualified candidates currently on another bank ACA/or similar program.
- Intellectual curiosity and interest in financial markets/products, particularly less liquid alternative investments.
- 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 valuation techniques for less liquid assets, particularly private equity, 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., 2024. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity
Controllers, AWM Product Controllers, Associate, London employer: Goldman Sachs, Inc.
Contact Detail:
Goldman Sachs, Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Controllers, AWM Product Controllers, Associate, London
✨Tip Number 1
Familiarise yourself with the financial regulations and reporting standards relevant to the role. Understanding USGAAP, UKGAAP, and IFRS will give you an edge in discussions during interviews.
✨Tip Number 2
Network with professionals in the asset and wealth management sector. Attend industry events or join relevant online forums to connect with individuals who can provide insights and potentially refer you to opportunities.
✨Tip Number 3
Demonstrate your analytical skills by preparing case studies or examples of how you've improved processes in previous roles. Be ready to discuss these during interviews to showcase your problem-solving abilities.
✨Tip Number 4
Stay updated on market trends, especially regarding less liquid alternative investments. This knowledge will not only help you in interviews but also show your genuine interest in the field.
We think you need these skills to ace Controllers, AWM Product Controllers, Associate, London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the responsibilities of the Controllers role. Emphasise your analytical skills, attention to detail, and any experience with financial reporting or valuation techniques.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific aspects of the job description that resonate with you, such as your interest in financial markets and your commitment to compliance and accuracy.
Showcase Relevant Qualifications: Clearly state your qualifications, such as being a qualified Chartered Accountant or part-qualified candidate. If you have experience with USGAAP, UKGAAP, or IFRS, make sure to highlight this as it is beneficial for the role.
Demonstrate Problem-Solving Skills: Provide examples in your application that showcase your problem-solving abilities and how you've improved processes in previous roles. This will demonstrate your capability to handle the complexities of the position.
How to prepare for a job interview at Goldman Sachs, Inc.
✨Understand the Role
Make sure you have a solid grasp of what the Controllers role entails, especially in terms of financial control and reporting obligations. Familiarise yourself with the specific responsibilities mentioned in the job description, such as preparing profit and loss accounts and performing valuation reviews.
✨Showcase Your Analytical Skills
Prepare to discuss your analytical skills and problem-solving abilities. Be ready to provide examples from your past experiences where you've successfully handled complex financial data or improved processes, as these are crucial for the role.
✨Demonstrate Knowledge of Financial Regulations
Since compliance is key in this position, brush up on relevant financial regulations and how they impact the firm's activities. Being able to articulate your understanding of regulatory rules will show that you're well-prepared and knowledgeable.
✨Communicate Clearly and Concisely
Practice articulating your thoughts clearly and concisely. The ability to communicate complex financial information in an understandable way is essential, so consider doing mock interviews to refine this skill.