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Controllers, New Activity Regulatory Controllers, Vice President - Frankfurt

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Goldman Sachs

Jul 12, 2024

Applications are closed

  • Job
    Full-time
    Expert Level
  • Government & Politics
  • Frankfurt

Requirements

  • 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

Responsibilities

  • The primary focus of a New Activity Vice President is to provide leadership in the identification, analysis and implementation of new products, introduction of new activities and significant growth initiatives globally, with an emphasis on the impact in the first and second lines of defence (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 conducted, by the firm’s German Bank as well as the firm globally. Career paths can vary based on the interests and capabilities of the individuals selected.
  • Provide leadership in the 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 German, EU and applicable global regulations and laws, etc.)
  • Develop and document procedures for processing and monitoring transactions through work with relevant traders, investment bankers, line managers, lawyers, compliance officers, etc.
  • Assist in documenting business justification for products or activities and presenting analysis to senior management for approval

FAQs

What is the primary role of the Controllers, New Activity Regulatory Controllers, Vice President in Frankfurt?

The primary role is to provide leadership in the identification, analysis, and implementation of new products and activities, contributing to the firm's success by ensuring compliance with financial and regulatory requirements.

What responsibilities does the Controllers group have within Goldman Sachs?

The Controllers group is responsible for measuring the profitability and risks associated with the firm's business, safeguarding the firm's assets, maintaining integrity in finances, and ensuring compliance with global regulations.

What skills are preferred for candidates applying for this Vice President position?

Preferred qualifications include strong communication and analytical skills, the ability to understand and develop process flows, control orientation, the ability to defend views effectively, and the capability to manage multiple projects simultaneously.

How does the New Activity Regulatory Controllers team interact with other departments?

The team coordinates closely with various departments, including Businesses, Legal, Compliance, Engineering, Risk, Operations, and Tax, to assess and approve new products and activities, ensuring all practices are compliant with regulations.

What kind of work environment is the position suited for?

The role is ideal for collaborative individuals who have strong ethics and attention to detail, as it involves significant interaction with different areas of the firm and requires a commitment to compliance and risk management.

What kind of growth opportunities can be expected in this role?

Career paths can vary based on individual interests and capabilities, offering opportunities to gain in-depth knowledge of products and activities, as well as potential advancement within the Controllers or related functions.

What types of activities will the Vice President be involved in?

The Vice President will be involved in assessing new products and activities, identifying structural and implementation issues, developing procedures for transactions, and presenting analyses for approval to senior management.

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Goldman Sachs

Finance
Industry
10,001+
Employees
1869
Founded Year

Mission & Purpose

Goldman Sachs is a global investment banking, securities, and investment management firm. They offer a range of financial services to corporations, financial institutions, governments, and individuals. Goldman Sachs' primary activities include investment banking, asset management, securities trading, and providing advisory services. Their ultimate mission is to be a leading global financial institution, providing superior financial expertise and solutions to their clients. The purpose of Goldman Sachs is to help their clients achieve their financial goals, manage risk, and navigate complex markets. They aim to drive economic growth, foster innovation, and create long-term value for their clients, shareholders, and the communities they operate in. Goldman Sachs is committed to upholding the highest standards of integrity, professionalism, and client service, serving as a trusted partner and advisor in the world of finance.

Culture & Values

  • Partnership

    We prioritize collaboration and believe in the strength of the collective, creating a culture that fosters teamwork and belonging in the pursuit of professional and personal growth.

  • Client Service

    We lead with a service mindset, working to earn our clients’ trust and exceed their expectations by understanding and overdelivering on their goals.

  • Integrity

    We hold ourselves accountable to the highest ethical standards, insisting on transparency and vigilance from our people as we learn from our experiences and make decisions that instill a sense of pride in our firm.

  • Excellence

    We aspire to nothing less than excellence, striving for exceptional performance and superior results for our clients, our shareholders, and our communities.

Benefits

  • Holiday and Vacation Policies

    We offer competitive vacation policies based on employee level and office location. This is in addition to any number of statutory and public holidays as determined by each office. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

  • Financial Wellness & Retirement

    The firm provides a number of resources and offerings designed to help our employees achieve their personal financial goals. We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities — from buying a home, to navigating market volatility and investments, legacy and estate planning, tax strategies, and will preparation.

  • Health Services

    We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

  • Childcare / Family Care

    In some offices, we offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

  • Flexible Working

    Based on manager approval, the following arrangements may be available to help employees meet their personal and family responsibilities: part-time schedules, job sharing, telecommuting, and alternate hours.