Internal Audit-Global Banking & Markets - FICC Audit - Salt Lake City-Associate

• Internal Audit-Global Banking & Markets - FICC Audit - Salt Lake City-Associate
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Salt Lake City, Utah, United States

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CORPORATE TITLE

Associate

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OFFICE LOCATION(S)

Salt Lake City

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JOB FUNCTION

Business Audit

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DIVISION

Internal Audit

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Internal Audit – Global Banking & Markets - FICC, Associate

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments, and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. We commit people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Our people are our greatest asset – we say it often and with good reason. It is only with the determination and dedication of our people that we can serve our clients, generate long-term value for our shareholders and contribute to the broader public. We take pride in supporting each colleague both professionally and personally. From collaborative workspaces and ergonomic services to wellbeing and resilience offerings, we offer our people the flexibility and support they need to reach their goals in and outside the office

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 the business areas, products, and activities supported

Support in every step of an audit, including documentation, scoping, planning, fieldwork and reporting

Lead walkthroughs with stakeholders to assess processes and controls including control design, control operating effectiveness, and presenting results of work performed to management

Ensure audit fieldwork is focused on the appropriate areas and documentation meets Internal Audit standards

Identify risks, assess mitigating controls, and make recommendations on improving the control environment

Prepare commercially effective audit conclusions and findings, and present to Internal Audit senior management and business stakeholders

Follow-up on open audit issues and their resolution

Participate in department-wide initiatives aimed at continually improving Internal Audit's processes and supporting infrastructure

Ongoing liaison with colleagues globally and internal and external stakeholders including regulators and external audit.

Maintain internal client relationships and regular interaction with the business during the year to assess changes in the control environment and other matters arising in the business

SKILLS AND RELEVANT EXPERIENCE

• 4-year degree in a finance, accounting, or quantitative discipline
• Relevant certification or industry accreditation (e.g., CAMS, CIA) is a plus
• 3 -7 years of relevant work experience
• Team-oriented with a strong sense of ownership and accountability
• Strong leadership, interpersonal, and relationship management skills
• Ability to motivate and coach junior team members on auditing skills and business knowledge
• Strong verbal and written communication skills
• Highly motivated with solid analytical skills, willing and able to learn new business and system processes quickly
• Highly motivated with the ability to multi-task and remain organized in a fast-paced environment
• Experience using data analytics in audits
• Experience in executing integrated business and technology audits
• Experience auditing operations functions within an investment bank or other financial services company

Solid knowledge of Global Markets Products and related operational support functions, such as

Sales and trading of cash, derivatives and structured products across FICC (Interest rate products, credit products, Mortgages, Currencies and Commodities) and Equities (listed and OTC trading shares, options, and futures)

Prime brokerage, securities lending, and execution services

Trade processing, clearing and settlement

Compliance with trading rules and regulations

We Offer Best-In-Class Benefits

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

Holiday & Vacation Policies

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.

Learn More