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.

BUSINESS UNIT AND ROLE OVERVIEW

The primary role of Internal Audit is to help protect the assets, reputation and sustainability of the organisation. As the third line of defense, Internal Audit’s (IA) mission is to independently assess the firm’s overall control environment, including the firm’s governance processes and controls, and risk management and capital and anti-financial crime frameworks. We assist management in identifying risk and commercially managing risk by providing advice in developing control solutions and monitoring the implementation of management’s control measures.

KEY RESPONSIBILITIES

Lead and participate in a range of Counterparty Credit Risk (CCR) audit projects, including:  End-to-end audit project management - audit planning, scoping, execution, issue closure, report writing and engagement with internal and external stakeholdersDocument clearly and accurately the execution of specific audit procedures as defined by the projects’ objectives, audit methodology and planned audit approach.Preparation of the audit test program and assessment of the adequacy of the design and operating effectiveness of controls associated with the key risks identified.Assessment of the risk and issue impact identified both during an audits and on adhoc basis and follow up with stakeholders on remediation of actions.Act as a subject matter expert on CCR. Stay informed of current economic development, emerging credit risk, applicable regulations, business knowledge, risk, processes and controls relevant to the CCR Management.Exercise critical and out of box thinking, analytical risk, professional judgement to influence business partners, senior business managers, and peer. Help business partners to balance their business strategy with appropriate risk management controls.Collect and analyse complex data across population/portfolio and develop connection and themes to identify and evaluate risks and controls measures.Develop and mentor junior team members by providing day to day coaching and guidance.

BUSINESS KNOWLEDGE / QUALIFICATIONS

The role sits within the Internal Audit Corporate Risk team at an VP level and involves playing a lead role in the audits of CCR Management. We expect the individual to have:

Minimum 3 years of university level of education in a recognised UniversityRelevant professional certification, e.g. FRM, CFA, CIA, ACA, ACCA, CPAMinimum 7-10 years of Internal Audit, CCR Management (2LOD), Credit Origination (1LOD) experience with subject matter knowledge of the end-to-end CCR Management processes.Understanding of Basel Capital Framework inc. Credit Rating Model (PD/LGD) and ProcessBroad understanding of the Laws & Regulation and regulatory guidance impacting the Credit Risk Management processes incl. CCR Management.Knowledge of Global Markets products.Excellent presentation and communication skills (verbal and written) in English.Solid, analytical, multitasking and problem-solving skills, and ability to apply critical thinking.Exceptional attention to details and ability to ask good questions to fully understand the business, process and risk.Able to perform effectively under pressure and comfortable at engaging with senior management at all levels of an organisation across regions on complex issuesStrong project management skills 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. 
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