Controllers- Product Controller, Vice President (m|f|x) London

As a VP of Funding Product Controlling, you will be responsible for financial reporting and monitoring across a wide range of legal entities. You will develop an in-depth understanding of these entities, including their investments, business strategies, and associated technical accounting requirements.

We’re looking for a bright, driven professional to join our Controllers team—someone eager to apply and develop their technical accounting skills to provide high-quality reporting and analysis of our entities’ assets and liabilities in a challenging and varied environment.

Controllers is a diverse team of specialists tasked with ensuring the firm meets the financial control and reporting obligations of a global, regulated, and publicly traded financial institution.

Funding Controllers is part of the broader Controller Division, 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. In addition to managing both internal and external financial reporting, our expertise plays a key role in the firm’s business planning decisions regarding the allocation of scarce financial resources, such as capital and balance sheet capacity. We partner with the business to provide advice on accounting, valuation, capital, liquidity, reputational risk, and other regulatory considerations when conducting 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.

Since interaction 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 on a daily basis. If you are eager to develop an in-depth understanding of financial services, Controllers is a great place to advance 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 ongoing training—both formal and informal—to ensure your continuous professional development, and you’ll have exposure to and support from senior members of our team right from the start.

Tasks

• Lead a team of 4 to 6 members
• Manage treasury entity P&L reporting, including the flagship EMEA and International entities
• Managing the Funds Transfer Pricing (FTP) methodology to ensure accurate funding and liquidity costs charged to the businesses
• Managing the team that prepares the daily profit and loss statement for the Treasury Execution Service (TES) desk, which involves assessing the nature of revenue generated in the context of market movements and risk exposure, as well as reconciling front-office systems with the sub-ledger and the firm’s general ledger.
• Reviewing profit and loss attribution and commentary for the bank’s trading, investing, and new issuance businesses.
• Managing complex hedge accounting frameworks in treasury, including fair value and cash flow hedge accounting
• Participating 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.
• Conducting monthly price verification reviews and challenging traders’ inputs into inventory pricing, as well as performing incremental assessments of less observable inputs.
• Preparation, analysis, review, and presentation of daily, monthly, quarterly, and annual financial reports to senior management, directors, and other key stakeholders in accordance with US GAAP and IFRS
• Preparing and analyzing financial statements, including resolving complex technical accounting issues and disclosure requirements, and liaising with external auditors (primarily under IFRS and US GAAP)
• Take full ownership and become the subject matter expert for certain secured funding tax and reporting requirements
• Understand the impact of regulatory developments and proactively work to identify solutions (e.g., NSFR)
• Be able to independently drive projects for the automation of end-to-end reporting
• Coordinate with multiple teams across the firm—and around the globe—including Funding and Product Control, Global Controllers, Corporate Treasury, Risk, Engineering, and Tax, in a collaborative and problem-solving capacity
• Proactively seek opportunities to improve our workflows, technology, and the integrity of reporting information

Profile / Your qualification / Your personality

BASIC QUALIFICATIONS & EXPERIENCE

• Qualified accountant—ACA or equivalent (e.g., CFA)—with 5 years of experience
• Able to demonstrate technical accounting knowledge in your current area of expertise
• Experience in preparing audited financial statements under US GAAP or IFRS is a plus
• A track record of improving processes and adding value for clients and stakeholders
• Knowledge of FAS 133, AFS, and HTM accounting is beneficial but not essential
  

Preferred Qualities

• Strong analytical skills—You demonstrate an aptitude for problem-solving and the ability to exercise sound and balanced judgment in a highly regulated environment
• Functional expertise – You enjoy staying up to date with emerging business, economic, and market trends
• Strong technical accounting skills – You demonstrate strong technical skills, pay attention to detail, take the initiative to expand your knowledge, and resolve accounting issues
• Personal drive and motivation – Successfully handle multiple tasks, take the initiative to improve your own performance, and work intensely toward challenging goals
• A client- and business-focused approach – You effectively handle difficult requests, build trusting, long-term relationships with clients, help clients identify and define their needs, and manage client and 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 acknowledge others’ contributions
• Excellent communication skills – Communicate what is relevant and important in a clear and concise manner and share information and new ideas with others
• Judgment and problem-solving – You will always think ahead, anticipate questions, plan for contingencies, find alternative solutions, and identify clear objectives
• Creativity, innovation, and a desire to add value – You seek 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 reasoning for ideas or opinions. Able to take a stance on issues, influence others’ opinions, and present persuasive recommendations both internally and to our external partners.

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Location

25 Shoe Lane, GB-EC4A 4AU London