The Goldman Sachs Group, Inc

Internal Audit - New York - Associate, Business Audit - 10171389

The Goldman Sachs Group, Inc$98K — $141K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Master's degree in Finance, Accountancy, Financial Risk Management, Mathematics, Statistics, or related field with 1 year of experience in auditing, or a Bachelor's degree with 3 years of related experience
  • Experience executing risk-based and regulatory audits
  • Proficient in developing comprehensive audit testing plans
  • Skilled in drafting clear and concise audit reports
  • Experience presenting audit findings to senior management
  • Familiarity with data analysis techniques and data mining
  • Ability to manage multiple audits concurrently

Responsibilities

  • Provide independent assurance for the firm's risk management framework and internal controls
  • Assist with planning, scoping, and execution of audits in accordance with regulatory requirements
  • Employ audit and analytical procedures to assess control effectiveness
  • Prepare and draft clear audit reports, articulating findings efficiently
  • Present audit scope, progress, and results to management and negotiate issue resolutions
  • Participate in initiatives to enhance Internal Audit's processes
  • Analyze data to derive conclusions and inform business decisions

Benefits

  • Collaborative work environment
  • Opportunities for professional development
  • Access to industry-leading resources
  • Participation in department-wide initiatives for continuous improvement
  • Engagement with diverse stakeholders across the firm
Full Job Description
Job Description

Job Duties: Associate, Business Auditwith Goldman Sachs & Co. LLC in New York, New York. Responsible for providing independent assurance for the firm's risk management framework internal controls. Assist with planning, scoping, and execution of risk-based and regulatory required audits of business areas and processes. Assist with multiple audits concurrently, including the planning and scoping of the audits, employing audit and analytical procedures and techniques to assess the design and operating effectiveness of the controls to mitigate risks, and discussing the results with the firm's local and global management. 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 assisting 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.

Job Requirements: Master's degree (U.S. or foreign equivalent) in Finance, Accountancy, Financial Risk Management, Mathematics, Statistics or related field, and one (1) year of experience in the job offered or in a related role OR Bachelor's degree (U.S. or foreign equivalent) in Finance, Accountancy, Financial Risk Management, Mathematics, Statistics or related field, and three (3) years of experience in the job offered or in a related role. Prior experience must include one (1) year (with a Master's degree) or three (3) years (with a Bachelor's degree) with the following: execute risk-based and regulatory audits to assess the design and operating effectiveness of risk management and internal controls; develop comprehensive audit testing plans and scopes, employing audit and analytical procedures to identify and assess risks across business areas; draft commercially effective audit findings and reports, articulating clear and concise findings for internal audit management; present audit scope, progress, and results, and negotiate finalization of issues with senior management and stakeholders; utilize various data analysis techniques and data mining to derive actionable conclusions and inform business decisions for project execution; and manage multiple concurrent audits, ensuring adherence to established timelines and quality standards.

Salary Range: Annual base salary for this New York, New York -based position is $98,000 - $141,000.

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

Lead with Innovation and Leadership

Step into a role where your skills will be honed and your leadership capabilities enhanced. The Goldman Sachs Group, Inc. is at the forefront of merging financial expertise with technological innovation, creating a platform for you to lead impactful initiatives.

Join Our Diverse and Inclusive Team

Diversity and inclusion are at the core of our company culture. With employees from various backgrounds, Goldman Sachs thrives on the rich ideas and perspectives that this diversity brings. Here, every team member’s contribution is valued, and every voice is heard.

Explore Job Opportunities and Internships

Whether you’re seeking full-time employment or looking into internship opportunities, Goldman Sachs offers a range of positions that cater to different skills, experiences, and career aspirations. From analyst to executive positions, discover how you can contribute to our legacy of success.

Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

Prepare for Your Future

Ready to take the next step? Prepare your resume, sharpen your interview skills, and explore the vast array of job opportunities at The Goldman Sachs Group, Inc. Our hiring process is designed to identify and nurture talent, helping you to achieve your career goals.

Stay Connected

Keep up to date with the latest from Goldman Sachs Careers by subscribing to our job alert emails. Tailor your preferences to receive updates that match your career interests and stay ahead in the competitive financial sector.

Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

SEARCH GOLDMAN SACHS JOBS

READ CAREERS BLOG

At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ

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