Internal Audit, Credit Risk, New York, Analyst

Goldman Sachs • New York, NY

12d • $75,000 - $100,000

About The Position

Goldman Sachs Internal Audit independently assesses the firm’s internal control structure, including governance processes and controls, risk management, capital, and anti-financial crime frameworks. The team raises awareness of control risk and monitors management’s implementation of control measures. Internal Audit communicates on the effectiveness of governance, risk management, and controls; identifies control gaps or deficiencies; assesses control culture and conduct risks; and monitors remediation.

The Analyst role focuses on credit risk management and credit risk products, including lending and counterparty credit risk. The position reviews credit risk processes and controls, conducts risk-focused audits, engages with stakeholders, continuously monitors credit risk topics, and communicates issues to senior management. The role is part of global Internal Audit teams covering the firm’s businesses and functions.

The expected base salary for this New York, NY-based position is $75,000–$100,000. The employee may also be eligible for a discretionary bonus if active at fiscal year-end. Goldman Sachs describes benefits and wellness offerings for eligible US employees; details are available in the referenced benefits summary.

Requirements

• Master’s degree in management, economics, finance, accounting, or mathematics.
• Team-oriented, with a strong sense of ownership and accountability.
• Strong leadership, interpersonal, and relationship-management skills.
• Strong verbal, written, and presentation skills, including PowerPoint and Visio.
• Ability to multitask and remain organized in a fast-paced environment.
• Knowledge of capital adequacy topics, including Basel Capital Accord regulatory requirements and advanced model-based and/or standardized frameworks.
• Technical awareness and understanding of credit risk measurement, stress testing, limits setting and monitoring, risk reporting, and risk governance.
• Effective audit mindset and ability to independently assess internal controls in credit risk measurement and management and their conformance with regulatory requirements.
• 1–2 years of experience in a credit risk management function, credit risk independent validation function, or internal audit role covering credit risk.
• Knowledge of financial modeling concepts, including any combination of options pricing, credit default, structured products, econometrics, and stress scenario creation.

Nice To Haves

• Financial risk management qualification, including FRM certification, is an advantage.
• Experience within the financial services industry.

Responsibilities

• Develop and maintain in-depth technical knowledge of credit risk management and credit risk products, including lending and counterparty credit risk.
• Review processes and controls related to credit risk management and the credit life cycle.
• Conduct meetings with stakeholders, including first-line and second-line teams.
• Execute risk-focused audits of the credit risk audit universe, including product, legal-entity, and credit-risk thematic coverage.
• Continuously monitor credit risk management topics for existing and new products.
• Communicate credit risk management problems and issues to senior management.

Benefits

• Competitive benefits and wellness offerings, as part of the overall employee experience.
• Potential eligibility for a discretionary bonus for employees active at fiscal year-end.
• Training and development opportunities, firmwide networks, personal finance offerings, and mindfulness programs are mentioned.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level