Controllers, AWM Product Controllers, Associate, London London · United Kingdom · Associate

Goldman Sachs Bank AG; London; On-site; GBP 50,000 - 80,000; Full time

Job summary

A leading global investment bank seeks an experienced professional for its Asset and Wealth Management Controllers team. This role involves the accounting and reporting of long-term investments, ensuring compliance with firm standards. The ideal candidate will possess strong analytical skills and a Chartered Accountant qualification, working collaboratively to analyze financial performance and enhance process flows.

Benefits

Healthcare & Medical Insurance

Financial Wellness & Retirement programs

On-site fitness centers

Generous vacation policies

Child Care & Family Care services

Qualifications

• Strong analytical skills and aptitude for problem solving needed.
• Qualified Chartered Accountant or relevant financial qualifications preferred.
• Experience in financial markets and reporting desirable.

Responsibilities

• Prepare daily profit and loss accounts involving market risk assessment.
• Conduct independent valuation reviews for less liquid asset classes.
• Ensure compliance with financial reporting requirements.

Skills

Analytical skills

Problem solving

Communication

Attention to detail

Education

Qualified Chartered Accountant

CA, CFA, CMA (other relevant qualifications)

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.

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,andto 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 employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

Healthcare & Medical Insurance

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.

Financial Wellness & Retirement

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.

Health Services

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.

Fitness

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).

Child Care & Family Care

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.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.