MORE ABOUT THIS JOB Internal Audit, Consumer and Commercial Banking, Associate/Vice President
In Internal Audit, we ensure that Goldman Sachs maintains effective controls by assessing the reliability of financial reports, monitoring the firm's 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. We're looking for detail-oriented team players who have an interest in financial markets and want to gain insight into the firm's operations and control processes.
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities, investment management and consumer banking services to a substantial and diversified client base that includes corporations, financial institutions, governments and consumers. Founded in 1869, the firm is headquartered in New York and maintains major offices in London, Tokyo, Hong Kong, Bengaluru and other major financial centers around the world. Internal Audit (IA) supports the Board of Directors' Audit Committee and senior firm leadership in fulfilling their oversight roles by independently assessing the firm's internal control structure, raising awareness of control risk, providing advice to management in developing control solutions, and monitoring the implementation of management's control measures.
IA is comprised of the following global functional audit teams covering the various business areas of the firm: Securities, Investment Management, Corporate, Consumer and Commercial Banking.
RESPONSIBILITIES AND QUALIFICATIONS General Responsibilities:
Develop and maintain an in-depth understanding of consumer and commercial banking business areas, its products, and supporting functions
Assist in every step of an audit including scoping, planning, fieldwork and reporting
Execute audit testing and supervise junior team members 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 clients
Follow-up on open audit issues and their resolution
Assist in the audit team's continuous monitoring effort to cover market and regulatory events, business and technology updates and audit/reviews completed
Participate in department-wide initiatives aimed at continually improving IA's processes and supporting infrastructure
General Skills and Experience:
Team-oriented with a strong sense of ownership and accountability
Strong leadership, interpersonal, and relationship management skills
Strong verbal and written communication skills
Highly motivated with the ability to multi-task and remain organized in a fast-paced environment
Solid analytical skills
Consumer and Commercial Banking Team Specific Skills and Experience:
4-8 years of experience in a public accounting, internal audit, or a related control function in retail banking or consumer lending product (e.g., open-end and closed-end credit) environment
4-year degree in a finance, accounting, or quantitative discipline, and ideally a graduate degree in a related subject
Relevant certification or industry accreditation (e.g., CPA, CFA, CIA, CAMS, FRM, NASD Series) is a plus
Experience with Data Analytics is a plus
In-depth technical knowledge of relevant product areas (e.g. consumer banking products, consumer compliance, commercial cash management, banking regulations)
Experience in managing integrated business and technology audit engagements and/or projects
ABOUT GOLDMAN SACHS The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.