Internal Audit, GS Bank Business Auditor, Vice President, Dallas

INTERNAL AUDIT

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.

TEAM OVERVIEW

Goldman Sachs Internal Auditors demonstrate strong risk and control mindsets, analytical, exercise professional scepticism, 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, building relationships and are able to evolve and thrive in teamwork and in a fast-paced global environment.

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 firm's businesses and functions, including securities, investment banking, consumer and investment management, risk management, finance, cyber-security and technology risk, and engineering.

THE ROLE AND RESPONSIBILITIES

As the third line of defence, Internal Audit's mission is to independently assess the firm's internal control structure, including the firm's governance processes and controls, and risk management and capital and anti-financial crime frameworks, raise awareness of control risk and monitor the implementation of management's control measures.

In doing so, Internal Audit perform the following duties:

• Communicates and reports on the effectiveness of the firm's governance, risk management and controls that mitigate current and evolving risk
• Raise awareness of control risk
• Assesses the firm's control culture and conduct risks
• Monitors management's implementation of control measures

Additional responsibilities include:

• Develop and maintain an in-depth understanding of the Bank, its businesses, 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
• Drive walkthroughs with stakeholders to perform control design assessment and challenge risks and controls
• 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
• Participate in department-wide initiatives aimed at continually improving IA's processes and supporting infrastructur
• Regularly meeting the stakeholders and building strong relationships with management
• Manage, coach and develop team members

SKILLS AND EXPERIENCE REQUIRED

• 7+ years of experience in Public Accounting, Internal Audit, Compliance, or Risk / Controls functions within the financial services industry
• Relevant certification or industry accreditation (CPA, ACA, CFA, CIA, CISA or similar) is a plus
• Bachelor's degree (or higher) in a relevant discipline
• In-depth technical knowledge of key risks and associated controls within Banking businesses and products (e.g., private bank, mortgages, deposits, global markets)
• Extensive knowledge of Bank prudential regulations such as Regulation W, Regulation K, Regulation O, Regulation H, Regulation Y, CCAR regulatory requirements, Recovery and resolution regulatory requirements
• Experience of managing audit engagements and teams across locations
• Prior experience in understanding of the businesses, products and regulations in subject areas including Equities
• Highly motivated, delivery focused, analytical and detailed self-starter with proven record in a team-based environment
• Knowledge of financial markets, products and services.
• Ability to work effectively across a large audit team, understanding the team's role in the overall strategy of the firm.
• 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
• Must be highly motivated with strong analytical skills, willing and able to learn new businesses and processes quickly