Internal Audit, Wholesale Credit Risk, Vice President, New York at Goldman Sachs

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

30 Jul, 26

Salary

250000.0

Posted On

01 May, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Credit risk management, Internal audit, External audit, Risk assessment, Control structure assessment, Financial reporting, Stakeholder management, Project management, Analytical skills, Communication skills, Regulatory compliance, Credit life cycle, Benchmarking, Control solutions, Reporting

Industry

Financial Services

Description

IInternal Audit –Credit Risk – Vice President – New York WHO WE ARE The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Birmingham, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world. At Goldman Sachs, our culture is one of teamwork, innovation and meritocracy. We often say our people are our greatest asset and we take pride in supporting each colleague both professionally and personally. From collaborative work spaces and mindfulness classes to working from home and flexible work options, we offer our people the support they need to reach their goals in and outside the office. BUSINESS UNIT AND ROLE OVERVIEW The primary role of Internal Audit is to help protect the assets, reputation and sustainability of the organization. Internal Audit independently assesses the firm’s internal control structure. We provide assurance that financial reporting is reliable, that there is compliance with applicable laws and regulations and that the firm’s operations are effectively controlled. 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. Internal Audit assists the firm’s Board of Directors’ Audit Committee in fulfilling its oversight responsibilities and regularly interacts with external independent auditors. Internal Audit is organized into global teams of business and technology auditors: • Global Markets- covers the Firm’s Sales, Trading and Insurance businesses, including related supporting control functions such as Operations, Technology, Product Control and Divisional Compliance. • Investment Banking – covers the firm’s banking activities and Global Investment Research operations. • Investment Management - covers the firm’s Private Wealth Management, Asset Management and Merchant Banking businesses. • Federation - covers the firm’s Risk Management, Finance, Corporate Governance, Legal, Compliance and Regulatory Reporting areas as well as Human Capital Management, Services and the Executive Office. RESPONSIBILITIES • Lead audit projects across planning, fieldwork and reporting. This would include: Lead the planning and scoping reviews by meeting relevant stakeholders to understand and walk through the business and technology processes to identify the key risks and controls to be assessed. Lead the preparation of the audit testing program and assessment of the adequacy of the design and operation of the controls associated with the key risks identified Organize the team delivery in line with timeline • Assess the risk and impact of the issues identified on reviews and assist with production of the report to management. • Follow up with stakeholders on remediation of actions coming out of issues identified during audits. • Engage in ad hoc work on firmwide projects around new processes or activities and investigation of incidents. • Liaise with colleagues globally to understand global processes and facilitate benchmarking of best practice. • Establish and maintain internal relationships with key stakeholders and regularly interact with the business during the year to assess changes in the control environment and other matters arising in the business. BUSINESS KNOWLEDGE / QUALIFICATIONS The Internal Audit Corporate team is seeking a highly motivated individual with strong analytical skills capable of learning new business and system processes quickly. The successful candidate will work alongside an experienced team focusing on the Risk Management division The candidate should be able to demonstrate: * Strong understanding of credit risk management and credit life cycle * Relevant experience in internal/external audit or risk management * Ability to manage multiple concurrent projects * Strong written and verbal communication skills * An ability to work effectively across a large global audit team * Good attention to detail; strong analytical skills * Ability to manage multiple tasks and work well under pressure * Strong understanding of risks and controls * Strong interpersonal and communication skills * Highly motivated, self-starter 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., 2023. All rights reserved. Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law. Salary Range The expected base salary for this New York, New York, United States-based position is $100000-$250000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end. Benefits Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here [https://www.goldmansachs.com/careers/discover/2022-Benefits-Summary-US.pdf]. Same Posting Description for Internal and External Candidates

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Responsibilities

Lead audit projects across planning, fieldwork, and reporting while assessing the firm's internal control structure. Liaise with global stakeholders to identify risks, monitor remediation actions, and ensure compliance with laws and regulations.