Finance – Product Control – Associate – London

Application Opening Date: 16 May 2018
Application Closing Date: 13 June 2018
Location: London
Salary: Competitive
 

OUR IMPACT
 

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.

HOW YOU WILL FULFIL YOUR POTENTIAL
 
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.
– To interact effectively and pro-actively with traders and their management.
– Assessing risk inherent in trading positions, whether market, compliance or reputational risk etc.
– Developing an in depth knowledge of products and market awareness.
– Understanding of the impact of Regulatory Capital rules on a trading desk’s ongoing and new business.
– 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 Federation departments in a collaborative and problem-solving capacity.
– To be fully informed of all department developments and issues in their trading areas.
 
SKILLS AND  EXPERIENCES WE ARE LOOKING FOR
 
– Strong academic record with Bachelor’s degree or equivalent in Accounting, Finance, Economics or a related discipline required
– Prior exposure to Product Control gained from working within professional/financial services or investment banking industries required
– Must have a qualification as a Chartered Accountant
– Experience of reporting, data/product analysis, documentation, valuation, reconciliation, forecasting, mathematical/financial modelling required
– Project management experience and demonstrable involvement with process improvement and cost reduction initiatives required
– Exposure to operational risk management and margin calls required
– Highly motivated, with commercial focus and strong analytical and communication skills
– Knowledge of compliance and regulatory frameworks required
– Strong stakeholder management skills required
– You enjoy being challenged, are team orientated and have good attention to detail
– Integrity, professional scepticism, a strong work ethic and a desire for excellence
– Good interpersonal skills as complement to technical aptitude
– A desire to learn and interest in financial markets and products

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

© The Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.