Internal Audit, Credit Risk, New York, Analyst

Internal Audit – Credit Risk, Analyst

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 gaps or deficiencies 

•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 technical knowledge of credit risk management and credit risk products – lending and counterparty credit risk

• Review of processes and controls related to credit risk management and credit life cycle

• Conduct meetings with stakeholders including first line and second line

• Execute risk-focused audits of credit risk audit universe, including products, legal entity and credit risk thematic coverage 

• Engage in continuous monitoring of credit risk management topics for existing and new products

• Communicate credit risk management problems and issues to senior management

SKILLS AND RELEVANT EXPERIENCE

• Master’s degree in management, economics, finance, accounting, and mathematics. A qualification in financial risk management including FRM certification is an advantage

• Experience within the financial services industry is also a plus

• Team-oriented with a strong sense of ownership and accountability

• Strong leadership, interpersonal and relationship management skills

• Strong verbal and written communication skills and presentation skills (PowerPoint, Visio, etc.)

• Highly motivated with the ability to multi-task and remain organized in a fast-paced environment

• Knowledge of capital adequacy related topics, including Basel Capital Accord regulatory requirements (advanced model-based and/or standardized frameworks)

• Product Specific Skills and Experience:

  • Technical awareness and understanding of credit risk measurement, stress testing, limits setting and monitoring, risk reporting and risk governance

  • Effective audit mindset to be able to independently assess the firm’s internal control structure in the areas of credit risk measurement and management and its conformance with regulatory requirements

  • 1-2 years of experience in credit risk management function, credit risk independent validation function, or internal audit role covering credit risk 

  • Knowledge of financial modeling concepts, including (any combination): options pricing, credit default, structured products, econometrics, stress scenario creation

ABOUT GOLDMAN SACHS

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. 

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers. 

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

© The Goldman Sachs Group, Inc., 2021. All rights reserved.

Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity