Controllers - New Activity Coordinator, Associate - Jersey City

The Goldman Sachs Group
$85000-$140000
United States, New Jersey, Jersey City
Nov 02, 2024
CONTROLLERS 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. OUR IMPACT We're a team of specialists charged with managing the firm's Firmwide Policy for New Activity and the associated New Activity Committees. We coordinate the assessment, approval and introduction of new businesses or activities into or within the firm. Our work contributes directly to the firm's success. The business is ideal for collaborative individuals who have strong ethics and attention to detail. KEY RESPONSIBILITIES The primary focus of a New Activity Associate is to engage in the identification of new activities, and subsequently manage the analysis and implementation of new products, introduction of new activities and proprietary acquisitions globally, with an emphasis on the impact in the first and second lines of defense (1LoD and 2LoD, respectively) (e.g., Businesses, Legal, Compliance, Controllers, Engineering, Risk, Operations, and Tax areas). This position provides the opportunity to develop a detailed understanding of the various products traded, and activities conduced, by the firm and how the firm operates on a global basis. Career paths can vary based on the interests and capabilities of the individuals selected. Provide coordination of analysis associated with the introduction of new products and activities between the 1LoD and 2LoD Develop rapid understanding of new products and activities and identify relevant structural and implementation issues (i.e., where and with whom can the product be traded, how to monitor risk, how to price the product, how to book and settle transactions, how to account for the product, system support requirements, associated reputational and suitability issues and their mitigants, ensuring an activity is conducted in compliance with application regulations and laws across global jurisdictions, etc.) Develop and document procedures for processing and monitoring transactions through work with relevant traders, investment bankers, line managers, attorneys, compliance officers, etc. Assist in documenting business justification for products or activities and presenting analysis to senior management for approval PREFERRED QUALIFICATIONS Good communications skills; both written and oral Excellent analytical skills Ability to understand and develop process flows Ability to conceptualize and take a broad look at a product, yet simultaneously being able to understand the detailed implications on a variety of areas Control oriented Ability to defend views when challenged by others through effective communication of rationale Ability to get along with people at all levels of the organization Ability to work on many projects simultaneously 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 The Goldman Sachs Group, Inc., 2023. All rights reserved. Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity 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.