The Goldman Sachs Group, Inc

Controllers - Jersey City - Associate, Monitoring and Testing- 9878916

The Goldman Sachs Group, Inc$96K — $124K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Master's degree in Finance, Accounting, or related field plus 1 year of relevant experience, or Bachelor's degree plus 3 years of experience.
  • Experience in Financial Reporting in line with accepted accounting standards like U.S. GAAP.
  • Proficiency in identifying and recommending control enhancements and process improvements.
  • Knowledge of regulatory compliance and risk mitigation strategies.
  • Ability to advise on control remediation plans and evolving regulatory requirements.

Responsibilities

  • Review and test design and operating effectiveness of key financial controls.
  • Perform detailed walkthroughs to understand assigned areas thoroughly.
  • Determine appropriate testing approaches based on required assurance.
  • Assess and document control designs against set criteria.
  • Select sample methods and sizes for thorough control performance testing.
  • Liaise with stakeholders to develop risk remediation strategies.
  • Conduct data analysis to identify risks, patterns, and trends.

Benefits

  • Opportunity to work in a prestigious financial institution.
  • Collaborative environment with senior management and cross-functional teams.
  • Exposure to high-risk financial controls and regulatory standards.
  • Development of skills in risk assessment and regulatory compliance.
  • Potential for career advancement within a leading firm.
Full Job Description
Job Description

Job Duties: Associate, Monitoring and Testing with Goldman Sachs & Co. LLC in Jersey City, New Jersey. Review and test the design adequacy and operating effectiveness of key controls across high-risk areas of Controllers to support accurate reporting of financial/regulatory financial reports in line with applicable standards. Perform walkthroughs to develop a thorough understanding of areas assigned. Determine testing approach based on the level of assurance required. Assess control design against design criteria and document results. Determine and document sample selection method and appropriate sample size for control performance testing. Test control performance in accordance with test plan. Provide effective challenges by assessing the adequacy of the materials provided and document results. Liaise with stakeholders to develop risk remediation plans and advise on control options to address deficiencies identified and improve the control environment process. Collaborate across teams and with internal stakeholders and senior management to identify and resolve control and process gaps that result in financial and regulatory damage. Perform data analysis to identify patterns, trends and areas of risk that may warrant further review or testing. Document and report review results to senior management and applicable oversight committees. Communicate with auditors regarding the efficacy of divisional controls as well as compliance with regulatory standards.

Job Requirements: Master's degree (U.S. or foreign equivalent) in Finance, Accounting, or a related field and one (1) year of experience in the job offered or in a related role OR Bachelor's degree (U.S. or foreign equivalent) in Finance, Accounting or a related field and three (3) years of experience in the job offered or in a related role. Prior experience must include one (1) year of experience (with a Master's degree) OR three (3) years of experience (with a Bachelor's degree) with: Financial Reporting in accordance with applicable rules and standards, including U.S. General Accepted Accounting and 10Q/K to perform independent reviews and ensure regulatory compliance; identifying and recommending process and control enhancements to improve operational efficiency, ensure compliance with regulatory requirements, and mitigate risk; developing and advising on remediation plans to address control deficiencies and to minimize financial or regulatory exposure; and advising management and cross-functional teams on regulatory and risk-based considerations, including evolving regulatory expectations and compliance with applicable financial regulations.

Salary Range: Annual base salary for this Jersey City, New Jersey based position is $96,000-$124,800.

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

Lead with Innovation and Leadership

Step into a role where your skills will be honed and your leadership capabilities enhanced. The Goldman Sachs Group, Inc. is at the forefront of merging financial expertise with technological innovation, creating a platform for you to lead impactful initiatives.

Join Our Diverse and Inclusive Team

Diversity and inclusion are at the core of our company culture. With employees from various backgrounds, Goldman Sachs thrives on the rich ideas and perspectives that this diversity brings. Here, every team member’s contribution is valued, and every voice is heard.

Explore Job Opportunities and Internships

Whether you’re seeking full-time employment or looking into internship opportunities, Goldman Sachs offers a range of positions that cater to different skills, experiences, and career aspirations. From analyst to executive positions, discover how you can contribute to our legacy of success.

Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

Prepare for Your Future

Ready to take the next step? Prepare your resume, sharpen your interview skills, and explore the vast array of job opportunities at The Goldman Sachs Group, Inc. Our hiring process is designed to identify and nurture talent, helping you to achieve your career goals.

Stay Connected

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Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

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At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ

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