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.
The Controllers group is responsible for safeguarding the firm's assets: to help maintain the integrity of Goldman Sachs' finances and expenditures. Through careful consideration and analyses of firm finances, objectives and strategies, we ensure that the firm's businesses continue to be profitable and efficiently run. Controllers also ensure that all business practices are in compliance with financial and regulatory requirements worldwide. Since 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. Direct Hedge Funds, Hedge Funds Strategies, Private Equity Group teams within Controllers support the alternative investments within Goldman Sachs Asset Management division with oversight over complex private funds.
YOUR IMPACT As a Regulatory Reporting Associate you will be involved in and/or have responsibility for:
Developing the ICAAP Framework for the Goldman Sachs entities in Germany
Working with multiple firmwide and external stakeholders to deliver the entity's ICAAP in a timely fashion.
Recovery and resolution reporting for the Goldman Sachs entities in Germany
Regulatory capital adequacy reporting for the Goldman Sachs entities in Germany
Calculating components of the regulatory capital position and large exposures for the German bank entity on a daily basis
Addressing ad hoc requests in relation to regulatory aspects
Participation in global regulatory project work including system developments, implementation of new products and new regulatory framework
SKILLS & EXPERIENCE WE'RE LOOKING FOR
Academic degree in business administration or finance
Preference of a minimum 3 years of professional experience in a regulatory environment, preferably in the financial industry in Germany or a SSM country
Preference of professional experience of having worked on the ICAAP framework.
Business fluency in English, German language skills would be beneficial
Good knowledge of European/German regulatory rules
Attention to detail and time management are essential skills for this role. In addition, the candidate should have the flexibility required to work in a dynamic environment under tight deadlines
Strong computing skills - comfortable with large data sets and automation tools
Strong communication - ability to communicate effectively, both orally and in writing, to a broad range of people across the Firm at various levels of seniority
Self-motivated and proactive - Ability to run with issues, get involved hands-on, and provide constant high-quality feedback
Ability to maintain mutual support within a high energy, high profile team
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.
We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
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, and to 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.
