Goldman Sachs Group, Inc.
Internal Audit-Dallas-Associate-Treasury/Liquidity Risk
Goldman Sachs Group, Inc., Dallas, Texas, United States, 75215
Internal Audit, Associate (Treasury/Liquidity Risk)
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.
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 skills, 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
Raises 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
Lead audit execution, including planning, scoping, and reporting of risk-based and regulatory required audits of business areas
Perform risk assessments of related organization units and ongoing monitoring of covered areas by conducting discussions with senior management.
Define audit scope, perform detailed walkthroughs to evaluate the adequacy of the control designs and develop test plans and perform testing to assess control operating effectiveness.
Present the scope, progress, and results of the review to internal audit management, business stakeholders and assist with negotiating finalization of issues with senior client management.
Perform in-depth audits of controls supporting liquidity and funding risk management, coordinating with team members across multiple jurisdictions.
Drive discussions with stakeholders on identified issues, identifying root causes, assessing appropriateness of remediation plans.
Maintain ongoing discussions with senior stakeholders to understand any changes to their organizations, business processes and products, as well as any significant internal and external events, in order to formulate a point of view of the control environment.
Develop annual audit coverage plan, including risk assess organization units, identifying high risk areas and fulfilling regulatory expectations and requirements.
SKILLS AND RELEVANT EXPERIENCE
Effective audit mindset to be able to independently assess the firm’s internal control structure in the areas of liquidity risk and corporate treasury
Strong interpersonal and relationship management skills
Strong verbal and written communication skills
Solid analytical and problem-solving skills
Good technical knowledge of relevant product areas
Highly motivated with the ability to multi-task and remain organized in a fast-paced, team-oriented environment
Knowledge of capital adequacy related topics, including Basel Capital Accord regulatory requirements (advanced model-based and/or standardized frameworks)
Preferred Experience:
Technical awareness and understanding of liquidity risk, funding management and stress testing, funds transfer pricing, contingency funding planning, limit monitoring, and regulatory reporting
Understanding of key treasury functions, including liquidity and funding management, collateral management, and resource allocation and planning
Understanding of risk governance and risk management
Effective audit mindset to be able to independently assess the firm’s internal control structure in the areas of liquidity and funding risk management and its conformance with regulatory requirements
2 - 5 years of experience in treasury function, liquidity risk management function, liquidity risk independent validation function, or internal audit role covering liquidity risk or treasury within the financial services industry or Big 4 risk advisory
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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.
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 skills, 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
Raises 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
Lead audit execution, including planning, scoping, and reporting of risk-based and regulatory required audits of business areas
Perform risk assessments of related organization units and ongoing monitoring of covered areas by conducting discussions with senior management.
Define audit scope, perform detailed walkthroughs to evaluate the adequacy of the control designs and develop test plans and perform testing to assess control operating effectiveness.
Present the scope, progress, and results of the review to internal audit management, business stakeholders and assist with negotiating finalization of issues with senior client management.
Perform in-depth audits of controls supporting liquidity and funding risk management, coordinating with team members across multiple jurisdictions.
Drive discussions with stakeholders on identified issues, identifying root causes, assessing appropriateness of remediation plans.
Maintain ongoing discussions with senior stakeholders to understand any changes to their organizations, business processes and products, as well as any significant internal and external events, in order to formulate a point of view of the control environment.
Develop annual audit coverage plan, including risk assess organization units, identifying high risk areas and fulfilling regulatory expectations and requirements.
SKILLS AND RELEVANT EXPERIENCE
Effective audit mindset to be able to independently assess the firm’s internal control structure in the areas of liquidity risk and corporate treasury
Strong interpersonal and relationship management skills
Strong verbal and written communication skills
Solid analytical and problem-solving skills
Good technical knowledge of relevant product areas
Highly motivated with the ability to multi-task and remain organized in a fast-paced, team-oriented environment
Knowledge of capital adequacy related topics, including Basel Capital Accord regulatory requirements (advanced model-based and/or standardized frameworks)
Preferred Experience:
Technical awareness and understanding of liquidity risk, funding management and stress testing, funds transfer pricing, contingency funding planning, limit monitoring, and regulatory reporting
Understanding of key treasury functions, including liquidity and funding management, collateral management, and resource allocation and planning
Understanding of risk governance and risk management
Effective audit mindset to be able to independently assess the firm’s internal control structure in the areas of liquidity and funding risk management and its conformance with regulatory requirements
2 - 5 years of experience in treasury function, liquidity risk management function, liquidity risk independent validation function, or internal audit role covering liquidity risk or treasury within the financial services industry or Big 4 risk advisory
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