Controllers - AWM Regulatory Controllers, Associate - ...

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. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world. Goldman Sachs' Asset & Wealth Management Division (AWM) delivers investment and advisory services for the world's leading institutions, financial advisors and individuals globally- overseeing more than $2 trillion in assets under supervision worldwide. Our Impact The Asset & Wealth Management Division's Regulatory Controllers (AWM-RC) team's key responsibility is to assist AWM in ensuring compliance with applicable global regulatory requirements, supporting the regulatory change environment and maintaining relationships with key internal stakeholders including the portfolio managers/COOs, risk management, legal, compliance, operations, technology and finance as well as other external stakeholders including regulatory reporting vendors and regulators globally. AWM-RC partners with these stakeholders to onboard, interpret and implement new/changing regulatory requirements, report to regulators to comply with global regulations including but not limited to Dodd-Frank requirements (Commodity Futures Trade Commission, Volcker and Securities and Exchange Commission), European Union's Alternative Investment Fund Management Directive and Luxembourg's Commission de Surveillance du Secteur Financier (CSSF) risk reporting, and support new/additional regulatory reporting obligations from AWM's acquisitions, new fund launches and business and system change management. AWM-RC is also responsible for oversight of regulatory reporting preparation vendors, leveraging our breadth of knowledge across the businesses and products (fixed income, equity, quant etc.), and global regulatory requirements involving complex models including notional exposure for all derivative types, counterparty exposures, portfolio liquidity, market risks including greeks, core accounting data sets etc. AWM-RC sets regulatory reporting policies for implementation by vendors and data owners, perform final review and submission of reports prepared by reporting vendors. Your Impact Key responsibilities include: Support a dynamic team to complete quality filings with respective global regulators on a recurring basis. You are expected to provide thought leadership, recommend constructive actions to make the filing process more efficient/effective, and execute on those recommendations You will be involved in the oversight of various vendors and data providers related to data collection and production of filings You will be aligned with specific trading desk(s), functional datasets and regulation. You are expected to be a go-to person and maintain stakeholder relationships for each of these areas of responsibilities in a relatively short timeframe. You will also interact directly with the portfolio managers/COOs to review and approve the reports prior to submission and assist in investigating data quality and resolving issues at source You will be integral to a development team that is responsible for enhancing our AWM reporting framework, including development and testing of core internal and vendor technology systems to facilitate applicable regulatory requirements Work closely with respective portfolio managers/COOs, strats and finance engineering teams to implement complex calculation and reporting rules around portfolio exposures and risks metrics and assist in improving data governance infrastructure For new/evolving regulatory requirements, you are expected to partner directly with our legal/compliance teams to provide recommendations that will impact our regulatory policy making and interpretations, and partner with various portfolio managers/COOs and functional data owners to implement these requirements You will be communicating directly with senior management across businesses and divisions to build consensus, communicate impact, escalate risks and provide thought leadership. Basic Qualifications Degree qualification required 5+ years of relevant work experience in product control, asset management regulatory/compliance, asset management fund controller roles CFA, CPA and/or MBA Preferred Competencies Knowledge and experience in working with various financial products Good understanding of broad aspects of various functions within the asset management industry Good understanding/experience with technology implementation and keen interest in how technology should be utilized to create value/scale Awareness and interests in the changing global regulatory landscape Ability to work independently, but always a team player who is energetic, enthusiastic and inquisitive Ability to engage cross functional key stakeholders, build consensus and drive change Excellent written and verbal communication skills Strong analytical and research skills Strong project and time management skills Strong execution skills, detail oriented with a control mindset Salary Range The expected base salary for this Jersey City, New Jersey, United States-based position is $85000-$140000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end. Benefits Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.

Created: 2024-11-02