Internal Audit-Risk-Dallas-Analyst

Goldman Sachs • Dallas, TX

23h

About The Position

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.

Goldman Sachs Internal Auditors demonstrate a strong risk and control mindset, are analytical, exercise professional skepticism and can discuss and challenge effectively with management on key risks and control measures. We look for individuals who enjoy learning about audit, businesses and functions, have an innovative and creative mindset to adopt analytical techniques for audit requirements, build stakeholder relationships, and can evolve and thrive in a fast-paced team-oriented global environment.

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, risk management, 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.

Requirements

• Bachelor’s degree in Finance, Accounting, or related fields
• Effective audit mindset to be able to independently assess the firm’s internal control structure for market risk
• Strong interpersonal, and relationship management skills
• Strong verbal and written communication skills
• Strong analytical and problem-solving skills
• Good technical knowledge of products and relevant market risk metrics
• Highly motivated with the ability to multi-task and remain organized in a fast-paced, team-oriented environment
• Knowledge of capital adequacy related topics, spanning current and future capital regimes (i.e., Basel 2.5 and FRTB)

Nice To Haves

• Technical awareness and understanding of market risk management, stress testing, risk identification, limits / risk appetite, capital and regulatory reporting
• 1+ years of experience in market risk analytics, management, reporting and risk governance, or an Internal Audit role covering market risk controls / processes within the financial services industry or Big 4 risk advisory

Responsibilities

• Lead audit execution, including planning, scoping, and reporting of risk-based and regulatory required audits of business areas
• Perform risk assessments of related organization units and ongoing monitoring of covered areas, with active discussions with senior management across Internal Audit and the business
• Define audit scope, perform detailed walkthroughs to evaluate the adequacy of control designs, develop test plans, and perform testing to assess control operating effectiveness
• Present the scope, progress, and results of the review to Internal Audit management and liaise with business stakeholders on issue identification and resolution
• Perform in depth audits of controls supporting market risk, and engage with market risk engineering and specialists to develop deep understanding of the relevant controls
• Maintain ongoing discussions with senior stakeholders to understand any changes to organizational structures, business processes, and products, as well as any significant internal and external events, to formulate a point of view of the control environment
• Develop annual audit coverage plan, including risk assess organization units, identifying high risk areas and meeting regulatory expectations

What This Job Offers

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