YOUR IMPACT
As an Equities Funding Controller you will take ownership of the day to day product control function for EMEA Prime Services (Physical Securities lending and Synthetic Financing) as well as Global Equities Treasury ALM Funding and other Equities Direct Allocations P&L. You will develop an in-depth understanding of daily P&L reconciliations and break resolutions, all Product Control month-end responsibilities, including but not limited to Valuation Adjustments and Price Verification and ensuring Fair Value Hierarchy accuracy, as well as all Balance Sheet and Financial Disclosure reporting inputs and where impacting regulatory reporting.
This role is ideal for individuals with Product Control technical and functional background who can demonstrate strong personal and leadership qualities, and who values our strong culture of value-add, agility, collaboration and teamwork
OUR IMPACT
Controllers are a diverse team of specialists charged with ensuring the firm meets the financial control and reporting obligations of a global, regulated and public financial institution.
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.
As contact with virtually every part of the firm is essential to Controllers, professionals in the department have the opportunity to experience Goldman Sachs businesses, products and sophisticated information technology systems daily. If you are keen to develop an in-depth understanding of financial services, Controllers is a great place to further your career.
The division is ideal for collaborative individuals who enjoy working in a strong team focused culture, and are motivated by opportunities for challenging stretch assignments. You will receive continuous training, both formal and informal, to ensure your ongoing professional development and have exposure to and support from senior members of our team from the outset.
HOW YOU WILL FULFILL YOUR POTENTIAL
- 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.
- Preparing, analysing, reviewing and presentation of the estimated daily balance sheet for European entities under USGAAP and IFRS.
- Understanding of the impact of Regulatory Capital rules on a trading desk's ongoing and new business and proactively working to identify solutions.
SKILLS & EXPERIENCE WE'RE LOOKING FOR
BASIC QUALIFICATIONS & EXPERIENCE
- Recently qualified accountant – ACA or equivalent (e.g. CFA)
- Proven experience in financial markets/products
- Ability to interact and build relationships with people from different departments and all levels of seniority
- Strong analytical skills and control mindset
- Track record of improving processes and adding value to clients/stakeholders
- Exposure to Equities products and Fair Value Accounting an advantage
Above all we value integrity, a strong work ethic and a desire for excellence from our people.
PREFERRED CHARACTERISTICS
- Strong analytical skill – You demonstrate an aptitude for problem solving with the ability to exercise sound and balanced judgment in a highly regulated environment
- Functional expertise - Enjoy keeping up-to-date with emerging business, economic, and market trends
- Strong technical accounting skills – You demonstrate strong technical skills, pay attention to detail, take initiative to broaden your knowledge and resolve accounting issues
- Personal drive and motivation - Successfully handle multiple tasks, take initiative to improve your own performance, work intensely towards challenging goals
- A client and business focus - Effectively handle difficult requests, build trusting, long-term relationships with clients, help the client to identify/define needs and manages client/business expectations
- Strong teamwork ethic – You are a strong team player with excellent interpersonal skills. You collaborate well with others within and across teams, encourage other team members to participate and contribute and acknowledges others' contributions
- Excellent communication skills - Communicate what is relevant and important in a clear and concise manner and share information/new ideas with others
- Judgement and problem solving – You will always be thinking ahead, able to anticipate questions, plan for contingencies, find alternative solutions and identifies clear objectives.
- Creativity/Innovation and a desire to add value - Look for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value
- The ability to influence outcomes - Present sound, persuasive rationale for ideas or opinions. Able to take a position on issues and influences others' opinions and presents persuasive recommendations both internally and to our external partners.
