Controllers, Product Control, Associate recruitment
WHO WE ARE
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
Founded in 1869, Goldman Sachs has long sustained a commitment to hiring and training outstanding leaders. Our business principles are rooted in integrity, a commitment to excellence, innovation and teamwork. These values enable us to execute successfully a business strategy that is focused on extraordinary client service and superior long-term financial performance for our shareholders.
We conduct our business in increasingly complex markets. Our people must continually find new ways to provide access to capital, manage risk and provide investment opportunities for our clients to enable them to realise their goals. We judge ourselves on our ability to help clients anticipate and respond to changing market conditions and to create opportunities that merit the trust they place in us.
BUSINESS UNIT AND ROLE OVERVIEW
Finance is responsible for the firm's capital management and risk monitoring. By tracking and analyzing the capital flows of the firm, Finance is the principal adviser to senior management on essential areas such as controlling the firm's global risk exposure and the profitability and structure of the firm's various businesses.
As contact with virtually every part of the firm is essential to Controllers, professionals in the department experience Goldman Sachs businesses, products and sophisticated technology systems in depth. If you want to develop an in-depth understanding of financial services, Controllers is a great place to begin your career. You will receive continuous training, both formal and informal, and the support of senior members of our team.
Product Control is one of the largest departments within Controllers and supports the trading divisions across all asset classes: Fixed Income, Currencies and Commodities, and Equities. Its main responsibilities 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 cash 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.
RESPONSIBILITIES
• Preparing daily PL’s for trading desks, involving pricing reviews to ensure reasonable valuation of inventory and substantial use of the firms accounting systems
• Assessing risk inherent in trading positions, whether market, compliance or reputational risk etc
• Identifying any trades booked incorrectly in the firms trade procession systems
• Intelligently reviewing trading activity with the objective of highlighting anything unusual and reporting this to management
• Knowledge of product and market awareness
• Using and interpreting sophisticated risk of loss systems
• To be fully informed of all department developments and issues in their trading areas
• To interact with traders and their management
• Liaising with operations departments in a problem solving capacity
• Month-end procedures preparing accounts for posting to the firm’s general ledger
BASIC REQUIREMENTS
• Qualified Accountant
PREFERRED REQUIREMENTS
• Experience in a Product Control role
• Experience working in a global organisation