Internal Audit, Corporate - AML, New York, Associate

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong 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: Capital Markets, Investment Management, Corporate, Enterprise, GS Bank USA, and Technology.

Business Audit Associate General Responsibilities:

  • Develop and maintain an in-depth understanding of business areas, its products, and supporting functions
  • 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
  • Participate in department-wide initiatives aimed at continually improving IA’s processes and supporting infrastructure

Basic QualificationsGeneral 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
  • Solid analytical skills
  • In-depth technical knowledge of relevant product areas
  • Highly motivated with the ability to multi-task and remain organized in a fast-paced environment
  • 4-8 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, NASD Series) is a plus

Preferred QualificationsCorporate Team Specific Skills and Experience:

  • Solid knowledge of investment or commercial banking control functions and risk management activities, including:

o Credit Risk Management

o Market Risk Management

o Operational Risk Management

o Corporate Treasury and Liquidity Risk Management

o Financial and Regulatory Reporting

o Tax

o Legal and Compliance

o Corporate Governance

o Anti-Money Laundering

  • Solid understanding of financial concepts and/or operations related to credit, interest rate, equity and commodity products. Knowledge in any of the following areas are preferred:

o Risk Measurement theory (e.g., Value-at-Risk(VaR), stress testing, potential exposure)

o Basel I / Basel II regulatory requirements,

o Controls surrounding modeling, counterparty risk assessment, credit valuation adjustment, risk reporting, and risk governance

Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet. © The Goldman Sachs Group, Inc., 2015. All rights reserved.


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