Finance Controller

  • Alajnabia
  • Riyadh, Riyadh Province, Saudi Arabia
  • Sep 12, 2017
Full time Accounting Finance

Job Description

FINANCE

We're a team of specialists charged with managing the firm's liquidity, capital and risk, and providing the overall financial control and reporting functions.

Whether assessing the creditworthiness of the firm's counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firm's success.

The division is ideal for collaborative individuals who have strong ethics and attention to detail.

BUSINESS UNIT AND ROLE OVERVIEW

The Finance Division within Goldman Sachs manages the firm's liquidity, capital and risk, and provides the overall financial control and reporting function.

The responsibilities of the Finance Division includes managing liquidity risk, long-term debt issuance and share repurchases and dividends; assessing the creditworthiness of the firm's counterparties; monitoring market risks associated with the firm's trading activities; designing and operating systems to support financial management, planning and forecasting; building risk models to support new businesses and derivatives analysis; managing the firm's relationships with regulators, rating agencies and creditors; and providing broad analytical and regulatory compliance support across all our businesses.

The Finance Division is organized into discrete groups with a broad remit:

 

  • The Controllers group is responsible for safeguarding the firm's assets - we help maintain the integrity of Goldman Sachs' finances and expenditures.
  • The Tax teams work in offices around the world to ensure that the Firm complies with the tax laws of the countries in which we do business.
  • Corporate Treasury manages the firm's liquidity, secured and unsecured funding programs, as well as the level and composition of its consolidated and subsidiary level equity capital.
  • Credit Risk Management & Advisory is responsible for protecting the firm's capital against counterparty default.
  • Market Risk Management and Analysis measures, analyses and controls the market risk of the firm globally.
  • Operational Risk focuses on the development of risk assessment frameworks that identify, measure, monitor and manage operational risk exposures.

 

Product Control and Funding Control is one of the largest departments within the Controllers group and supports the trading divisions across all asset classes: Fixed Income, Currencies and Commodities, and Equities.

As a Product or Funding Controller you would be expected to become a key contact for the Federation and a broader set of stakeholders across the firm.

Through this you would have the opportunity to develop a detailed understanding of Goldman Sachs businesses, products and sophisticated technology systems in depth.

You will receive continuous training, both formal and informal, and the support of senior members of our team.

RESPONSIBILITIES

Regulatory Reporting.

 

  • Monthly Capital Adequacy Module (CAM) report to the CMA prudential department
  • Monthly financials to the CMA prudential department
  • Annual Pillar 3 report to the CMA
  • Annual Internal Capital Adequacy Assessment Procedure (ICAAP) report to the CMA prudential department
  • Quarterly Investment funds report to CMA
  • Annual Business Disclosure Report to CMA
  • Responding to CMA questions re our financials and business results.
  • Updating public website required by the CMA
  • Monitoring of daily and monthly brokerage and position reports to the Tadawul (Stock Exchange) and CMA

 

Financial reporting

 

  • Annual Financial Statements in Saudi GAAP (IFRS)
  • Managing annual external audit of financials by PWC
  • Submission of Arabic language Audited Annual Financials to CMA, Ministry of Commerce and Investment (MOCI) and Saudi Arabian General Investment Authority (SAGIA)
  • Posting Arabic financials to the public website
  • Maintaining monthly trail balance and journals per General Ledger account in Arabic
  • Implementation of IFRS reporting
  • Accounting policy and monitoring and control of daily brokerage, trading accounting and underwriting accounting input
  • Monthly analysis of journals, trial balance and expense GL accounts.
  • Monthly monitoring of transfer pricing
  • GSSA commission and revenue monitoring and analysis
  • Daily monitoring of Securities MTM and accounting for trading and hedge positions.

 

Tax reporting and compliance

 

  • Preparation of monthly withholding tax returns
  • Co-ordinating the monthly withholding tax return submission to tax authorities (DZIT)in Arabic
  • Co-ordinating the annual tax return, tax audit of annual externally audited financials and submission to DZIT in Arabic of annual tax return
  • Responding to DZIT audits of past tax returns and preparing and providing documentation and analysis
  • Implementation of VAT and preparation of monthly returns.
  • Implementation of OECD Common Reporting Standards requirements and associated reporting to DZIT
  • Other miscellaneous tax reports

 

Other

 

  • Quarterly financial reporting to the Board of Directors (BOD)
  • Presentation of quarterly liquidity reports to the BOD
  • Presentation of quarterly financials to the Business Review Group (BRG)of GSSA
  • MENA region monthly franchise revenue analysis by country, product and client
  • Quarterly MENA revenue and expense presentation
  • Daily funding monitoring
  • Daily Saudi bank accounts monitoring and interfacing with treasury and treasury operations.
  • Maintenance and monitoring of HSBC net
  • Payments of Withholding taxes, Income taxes and locally required payments through Riyadh bank accounts.
  • Payroll funding and total net payments authorisation.

 

QUALIFICATIONS

 

  • The successful candidate must have passed the CMA examinations CME 1 Parts 1 and 2.
  • Accounting qualification and accounting background preferably in a CMA Authorised Person (AP) (CMA licenced entity ) in Saudi Arabia with a brokerage licence/ or working for a big four accounting firm with AP auditing experience.
  • Arabic language necessary
  • Candidate must be highly motivated, with commercial focus and strong analytical and communication skills.
  • Must enjoy being challenged, be team orientated and have good attention to detail
  • Should have integrity, professional scepticism, a strong work ethic and a desire for excellence.
  • Good interpersonal skills as complement to technical aptitude
  • A desire to learn and interest in financial markets and products
  • A track record of improving processes and adding value to clients/stakeholders

 

 

Required Nationality

any