Controllers, Short Term Interest Rate, Funding Controllers, Analyst/ Associate, Paris

OUR FIRM

Goldman Sachs is a leading global financial institution that delivers a broad range of financial services across investment banking, securities, investment management and consumer banking to a large and diversified client base that includes corporations, financial institutions, governments and individuals. 

OUR DEPARTMENT

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.

The Short-Term Interest Rate (STIR) controller team is responsible for the accounting and reporting of the funding activities of the STIR desk and related hedging derivatives. The EMEA STIR desk has a mandate to be the firm’s optimizer of GCLA assets and operate a secured funding market-making business with traders based in both Paris and London. STIR Controllers often work with various groups, including Corporate Treasury, Financial Reporting, Legal Entity Controllers, Accounting Policy, Technology, and Operations support groups to ensure accuracy of our financial statements and disclosures.

OUR RESPONSIBILITIES

• 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.
• Working closely with the team in London to support the overall EMEA STIR business.
• 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.
• Preparing monthly accounts for posting to the firm’s general ledger and producing/reviewing relevant external disclosures. 
• Applying a questioning mindset to new 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 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.
• 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.
• Understanding of the impact of Regulatory Capital rules on a trading desk's ongoing and new business and proactively working to identify solutions (e.g NSFR).

OUR SKILLS

QUALIFICATION & COMPETENCIES

• Qualified Chartered Accountant preferred (e.g. ACA)
  • We will also consider part-qualified candidates currently on another bank ACA/or similar program
• Intellectual curiosity and interest in financial markets/products
• Strong analytical skills and an aptitude for problem solving
• Track record of improving processes and adding value to clients/stakeholders
• Coding experience not essential but an interest in applying coding skills to automation efforts preferred 
• 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 an