Internal Audit-New York- Associate, Business Audit - 9234965

Goldman Sachs • New York, NY

10d • Onsite

About The Position

The Associate, Business Audit will provide independent assurance for the firm's internal control structure. This role involves planning, executing, and reporting on audits, managing regulatory interactions, and overseeing issue remediation. The position requires an ongoing assessment of risk and sufficient assurance work to form a view on the firm's control structure, as well as managing resources to achieve the audit plan. The role also includes participating in firm control initiatives and industry forums to stay updated on emerging issues and risks.

Requirements

• Bachelor’s degree (U.S. or foreign equivalent) in Finance, Economics, Accounting or related field.
• Two (2) years of experience in the job offered or in a related role.
• Two (2) years of experience contributing to the execution of audits focused on financial and non-financial risk management including planning and scoping, fieldwork, and reporting within assigned timelines and in line with audit objectives in accordance with Audit Methodology.
• Two (2) years of experience applying FINRA 3000 Supervisory requirements to evaluate supervisory structures and regional office coverage strategies.
• Two (2) years of experience performing audits in line with best practice and regulatory expectations.
• Two (2) years of experience assessing the controls in place to maintain information barriers in line with regulatory expectations for Investment Banking Private products.
• Two (2) years of experience identifying and mitigating risks for complex transactions, recommending improvements to the control environment, utilizing Significant and Complex Transactions concepts including risk-based testing and transaction testing and control infrastructure assessment to identify, escalate, and designate significant and complex transactions.
• Two (2) years of experience preparing commercially effective audit conclusions and findings, and presenting to senior management and business clients.
• Two (2) years of experience identifying risks, assessing mitigating controls, and making recommendations on improving the control environment.

Responsibilities

• Assist with planning, scoping, and execution of risk-based and regulatory required audits of business areas and processes.
• Maintain quarterly Internal Audit tracking of Risk theme coverage for reporting to the Board of Directors and performance of quarterly assessment of the financial impact quantitative analysis for execution process risk across auditable organizational units.
• Perform in-depth audits of controls supporting risk management and understanding with Investment Banking Private products, including identifying complex transactions to assess controls for maintaining information barriers in line with regulatory expectations and mitigating related risks.
• Assist with multiple audits concurrently, including planning and scoping, employing audit and analytical procedures to assess control design and operating effectiveness, and discussing results with management.
• Define and execute the audit plan and continuous monitoring and risk assessment processes.
• Drive discussions with senior business stakeholders to understand risk drivers, control state, and impact to formulate a view of the control environment.
• Define audit scope and perform detailed walkthroughs to evaluate control designs and develop test plans and perform testing to assess control operating effectiveness.
• Perform quarterly assessment of financial impact quantitative analysis for execution process risk across auditable organizational units.
• Maintain quarterly Internal Audit tracking of risk theme coverage in line with CFTC regulatory expectations for reporting to the Board of Directors.
• Validate the quality of internal SOX assessments.
• Drive report preparation by drafting commercially effective audit reports, including writing clear and concise findings.
• Present the scope, progress, and results of the review to internal audit management, business stakeholders, and assist with negotiating finalization of issues with senior client management.
• Participate in department-wide initiatives aimed at continually improving Internal Audit’s processes and supporting infrastructure.
• Analyze data by applying various data analysis techniques and data mining to derive conclusions and make business decisions to drive projects.

What This Job Offers

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