What are the responsibilities and job description for the Internal Audit-Dallas-Associate- Asset & Wealth Management position at Goldman Sachs and Careers?
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.
WHAT WE LOOK FOR
Goldman Sachs Internal Auditors demonstrate strong risk and control mindsets, 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, building relationships and are able to evolve and thrive in teamwork and in a fast-paced global environment.
YOUR IMPACT
As the third line of defense, 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:
- 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
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.
RESPONSIBILITIES
- Participation in planning and scoping reviews, meeting with the stakeholders within the area being reviewed to understand and walk through the business and technology processes and identifying the key risks and controls to be assessed
- Assessment of the risk and impact of the issues identified on reviews and production of the report to management
- Ad hoc work on firmwide projects around new processes or activities and investigation of incidents
- Maintenance of internal stakeholder relationships and regular interaction with the business during the year to assess changes in the control environment and other matters arising in the businesses which may influence the coverage scope and audit plan
- Ongoing liaison with colleagues globally and internal and external stakeholders including regulators and external audit Follow up with stakeholders on remediation of actions coming out of issues identified during audit
- Assessment of the adequacy of the design and operating effectiveness of the controls to mitigate the key risks identified
SKILLS AND RELEVANT EXPERIENCE
- Team oriented with a strong sense of ownership and accountability
- Strong verbal and written communication skills
- Solid analytical skills
- Highly motivated with the ability to multi-task and remain organized in a fast-paced environment
- 3 years of experience in a public accounting or internal audit role within the financial services industry or a related control function
- 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) is a plus
- Strong organizational and project management skills with the ability to multi-task and meet tight deadlines while remaining organized in a fast-paced, dynamic environment
- Excellent critical thinking and problem-solving skills with the ability to learn both firm and industry standards
- Auditing complex business processes within Investing and Lending, Underwriting and Financing businesses
- Audit techniques, such as data analysis, control design assessments, control effectiveness testing, outcome-based testing
- Relationship building skills and ability to work effectively across a global team
We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.
We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.
We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.
We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.
To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).
We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.
Read more about the full suite of class-leading benefits our firm has to offer.
Opportunity Overview CORPORATE TITLE Associate OFFICE LOCATION(S) Dallas JOB FUNCTION Business Audit DIVISION Internal Audit