What are the responsibilities and job description for the Internal Audit-Compliance and Legal, Associate, Salt Lake City position at The Goldman Sachs Group?
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
- Develop and maintain an in-depth understanding of business areas, its products, and supporting functions
- Identify risks, assess mitigating controls, and make recommendations on improving the control environment/framework
- Communicate findings to management and relevant stakeholders
- Follow-up and validate open audit issues and their resolution
SKILLS AND RELEVANT EXPERIENCE
- Approximately 5 years of experience in a public accounting, consulting, audit and/or regulatory agency examiner role within the financial services industry or a related control function
- Strong knowledge in anti-money laundering, anti-bribery, and government sanctions laws, rules, and regulations
- Understanding of compliance program components, risk and control processes
- Able to work under minimal supervision on individual tasks or team projects
- Team-oriented with a strong sense of ownership and accountability, including ability to take initiative for tasks
- Strong analytical and problem-solving skills, risk-mitigating mindset and willing and able to learn new businesses and system processes quickly to identify high-risk areas for audit assessment
- Highly self-motivated and ambitious with the ability to multi-task and remain organized in a fast-paced environment while managing both time and workload
- Strong communication skills (verbal and written) with the ability to clearly document audit assessments and identified gaps
- 4-year degree in a finance, accounting, or quantitative discipline
- Familiarity with Microsoft Excel for data entry, manipulation, and preliminary analysis.
- Relevant certification or industry accreditation (e.g., CAMS, CIA) a plus
The Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.
