Internal Audit-Operational Risk- Dallas-Associate

Job Description

INTERNAL AUDITIn Internal Audit, we ensure that Goldman Sachs maintains effective controls by assessing the reliability of financial reports, monitoring the firms compliance with laws and regulations, and advising management on developing smart control solutions. Our group has unique insight on the financial industry and its products and operations. Were looking for detail-oriented team players who have an interest in financial markets and want to gain insight into the firms operations and control processes.WHAT WE LOOK FORGoldman Sachs Internal Auditors demonstrate strong risk and control mindsets, are analytical, exercise professional skepticism, and are able to challenge and discuss effectively with management on risks and control measures. We look for individuals who enjoy learning about audit, businesses and functions, have innovative and creative mindsets to adopt analytical techniques to enhance audit techniques, enjoy building relationships and are able to evolve and thrive in teamwork and in a fast-paced global environment.YOUR IMPACTAs the third line of defense, Internal Audits mission is to independently assess the firms internal control structure, including the firms governance processes and controls, and risk management and capital and anti-financial crime frameworks, and to raise awareness of control risk and monitor the implementation of managements control measures. In doing so, Internal Audit:

• Communicates and reports on the effectiveness of the firms governance, risk management and controls that mitigate current and evolving risk
• Raises awareness of control risk
• Assesses the firms control culture and conduct risks
• Monitors managements implementation of control measures

Goldman Sachs Internal Audit comprises individuals from diverse backgrounds including chartered accountants, developers, risk management professionals, cybersecurity professionals, and data scientists. We are organized into global teams comprising business and technology auditors to cover all the firms businesses and functions, including securities, investment banking, consumer and investment management, risk management, finance, cyber-security and technology risk, and engineering.RESPONSIBILITIES

• Develop and maintain a good understanding of business areas, their products, and supporting functions
• Plan and execute audit testing to ensure audit fieldwork is focused on the right areas and documentation meets high quality standards
• Identify risks, assess mitigating controls, and make recommendations on improving the control environment
• Prepare commercially effective audit conclusions and findings, and present to IA senior management and business stakeholders
• Follow-up on open audit issues and their resolution

SKILLS AND RELEVANT EXPERIENCE

• Team-oriented with a strong sense of ownership and accountability
• Strong interpersonal, and relationship management skills
• Strong verbal and written communication skills
• Solid analytical skills
• Good technical knowledge of relevant product areas
• Highly motivated with the ability to multi-task and remain organized in a fast-paced environment
• 3 years of experience in internal audit, a capital planning role, or an independent validation function within the financial services industry or Big 4 risk advisory or external audit
• 4-year degree in a finance, accounting, risk management or quantitative discipline, and ideally a graduate degree in a related subject
• Relevant certification or industry accreditation (e.g., CPA, CFA, CIA) is a plus
• Any combination of core capital planning disciplines: capital planning governance, risk identification and scenario design, stressed projections for revenue, balance sheet, RWA and capital and credit, market and operational losses, quantitative and qualitative estimation methods and FR Y-14 submissions
• Knowledge of operational risk management
• Knowledge of financial risk management disciplines is a plus, including credit risk, market risk or funding/liquidity risk
• Knowledge of controls surrounding risk governance, risk measurement, Board and regulatory risk reporting
• Knowledge of capital adequacy related topics, including Basel Capital Accord regulatory requirements (advanced model-based and/or standardized frameworks)

ABOUT GOLDMAN SACHSAt 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.htmlThe Goldman Sachs Group, Inc., 2024. All rights reserved.Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender IdentityLocations - Opportunity OverviewCORPORATE TITLE: AssociateOFFICE LOCATION(S): DallasJOB FUNCTION: Business AuditDIVISION: Internal AuditApply

Keyskills :
internal audit expertise risk management knowledgeanalytical thinking skillsrelationship management verbal and written communicationliquidity risk cpa risk reporting basel risk governance personal finance market risk risk identification inves