Goldman Sachs Internal Audit-Bengaluru-Analyst-Business Audit 

India, Karnataka, Bengaluru 

925748469

What We Do
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, 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 risk
• Assesses the firm’s control culture and conduct risks; and
• Monitors management’s implementation of control measures

Who We Look For

As a Business Auditor, you will be involved in analyzing the business processes, preparing the audit testing program and assessment of the adequacy of the design and operation of the firm’s internal controls. As the firm’s third line of defense, Internal Audit provides assurance of the controls performed by the 1and 2line functions including – global markets, investment banking, consumer and commercial banking, operations, controllers, risk management, compliance, legal, tax and other service functions.

Your Impact:

As part of the third line of defense, you will be involved in independently assessing the firm’s overall control environment, and communicating the results to the firm’s local and global management on the effectiveness of the firm’s controls that mitigate current and emerging risks, and monitoring the management’s implementation of control measures. In doing so, you are supporting the provision of independent, objective and timely assurance around the firm’s internal control structure, and supporting the Audit Committee, the Board of Directors and Risk Committee in fulfilling their oversight responsibilities.

Responsibilities:

• Assist in executing the audit specifically focusing on the following:
  • Analyze the design of controls around the underlying business processes and its impact on the business
  • Evaluate the design and effectiveness of the relevant business controls by designing and executing tests to validate identified controls, which may require inspection, review and re-performance of controls execution
• Assessment of the risk and impact of the issues identified during the audits, to senior management within Internal Audit and stakeholders
• Follow up with stakeholders on the remediation of actions on issues identified during audits
• Ad hoc work on firmwide projects around new processes or activities and investigation of incidents as an independent observer
• Assisting management with strategies to address identified control weaknesses
• Ongoing liaison with colleagues globally and with internal and external stakeholders, including regulators
• Maintenance of internal client relationships and regular interaction with the business owners during the year to assess changes in the control environment and other matters arising in the business

Qualifications:

• CA/MBA in Finance/Masters or equivalent University degrees in Accounting/Finance
• Knowledge in any of the following areas is preferred, however, not mandatory:
• Any combination of risk management disciplines: credit risk, market risk, operational risk, funding / liquidity risk
• Control framework supporting financial risk management related to regulatory and internal requirements
• Strong interpersonal, written and verbal communication skills
• Technical Skills - Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills
• Drive and Motivation - Successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
• Teamwork – Collaborates with others within and across teams
• Communication Skills - Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with others
• Judgement and Problem solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives
• Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value
• FRM preferred