Controllers - Liquidity Product Control - Associate - Bengaluru

ABOUT GOLDMAN SACHS
The Goldman Sachs Group is a bank holding company and a leading global investment banking, securities and investment management firm. Goldman Sachs provides a wide range of services worldwide 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.
Business Unit Overview
Finance is broadly responsible for the firms financial resource and capital management, financial reporting and risk monitoring. In these capacities, Finance is the principal adviser to senior management on essential areas such as controlling the firms global risk exposure, profitability and capital and other financial resource allocations of the firms various businesses. Finance activities are organized into six main areas: The Controllers, Corporate Insurance and Risk Advisory Group, Corporate Tax, Corporate Treasury, Credit and Market Risk Management and Analysis.
Finance is a critical area within Goldman Sachs.
As 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. If you want to develop an in-depth understanding of financial services, Controllers is a great place to begin your career. You will receive continuous training, both formal and informal, and the support of senior members of our team.
Product Control and Funding Control is one of the largest departments within Controllers and supports the trading divisions across all asset classes: Fixed Income, Currencies and Commodities, and Equities.
Its main responsibilities are to produce and analyze the daily trading activities, to report the trading divisions profits and losses and to verify the values of positions held by the trading desks, both cash and derivative. This role requires extensive liaison with the trading desks, the Risk Management Group and the Operations Teams, as well as with colleagues in Controllers. Product Controllers are expected to develop a good understanding of the products they monitor and of the strategies used by the trading desk to generate revenue for Goldman Sachs. The function has become increasingly technical in content and offers a challenging and interesting role, which would suit dynamic, bright and ambitious individuals with a drive to succeed.
THE PRODUCT CONTROL MODEL AT GOLDMAN SACHS

• We operate a complete ownership model and see this as a mini-CFO role with regards a trading desk, with responsibilities including [plus some of the teams controller liaise with]
• P&L reconciliation [liaising with Operations, Technology and Strats]
• P&L explain [Traders, Strats, Market Risk]
• New trade analysis [Traders and Strats]
• Balance sheet review [Legal Entity Controllers]
• Capital requirements for new trades and ongoing business [Regulatory Capital controllers
  

Responsibiliites

• Preparing daily P&Ls for trading desks, involving assessment of the nature of revenue generated in the context of market moves and risk held as well as reconciliation between front office sub-ledger and Firm general ledger. Price verification; monthly 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.
• Intelligently reviewing trading activity with the objective of informing around the valuation of the portfolio and also highlighting anything unusual or material to management.
• Assessing risk inherent in trading positions, whether market, compliance or reputational risk etc.
• Knowledge of products and market awareness.
• Producing and reviewing P&L attribution and commentary for the banks trading, investing and new issuance businesses
• Understanding of the impact of Regulatory Capital rules on a trading desks ongoing and new business.
• Identifying any trades booked incorrectly in the firms trade procession systems
• Production and analysis of the balance sheets for a trading desk and understanding and explanation of vements.
• Preparing monthly accounts for posting to the firms general ledger and producing/reviewing relevant external disclosures.
• Ensuring compliance with all the Firms financial reporting requirements. Market Risk Controllers, Credit Risk Controllers]
• Price verification [Traders and Controllers PV group]
• Federal reporting. [Fed reporting teams]
• Financial Reporting disclosures [Accounting Policy, Legal Entity Controllers]
• More generally being the point of contact within the Federation for a trading desk [Tax, Compliance, Legal, etc Account and monitor for the Firms secured and unsecured financing activities.
• Liaising with other Federation departments in a collaborative and problem-solving capacity.
• To be fully informed of all department developments and issues in their trading areas.
  

Looking to get Placed? Try our Placement Guarantee Plan

Get Hired

Basic Qualifications

• Qualified Chartered Accountant; or other relevant professional financial qualifications (e.g. CFA)
• We will also consider part-qualified candidates currently on other bank ACA/or similar programs
• Good interpersonal skills as complement to technical aptitude
  

COMPETENCIES

• Strong attention to detail and analytical capability
• Desire to learn and interest in financial markets and products
• Track record of improving processes and adding value to clients/stakeholders
  

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. Were 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.
Were 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.
The Goldman Sachs Group, Inc., 2026. All rights reserved.
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.