Internal Audit, Operational Risk, Vice President, Salt Lake City

WHAT WE LOOK FOR

Goldman Sachs Internal Auditors demonstrate strong risk and control mindsets, are 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 businesses and functions, have innovative and creative mindsets to adopt analytical techniques to enhance audit techniques, enjoy 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, and to 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

• Expertise in operational risk management framework within the first and second lines of defense, including risk and control self-assessment (RCSA), operational risk event management, scenario analysis, risk appetite metrics, issue management, and control monitoring & testing
• Lead audits focused on non-financial risk management including project team management throughout the audit lifecycle (planning and scoping, fieldwork, and reporting) within assigned timelines and in line with audit objectives
• Conduct walkthroughs with stakeholders to perform control design assessments and present results of work performed to Internal Audit and business senior management
• Execute and oversee audit testing to ensure audit fieldwork is focused on the relevant risk and controls for areas in scope and documentation meets high quality standards
• Assess risk and mitigating controls, and identify areas which may require control environment enhancements
• Prepare commercially effective audit conclusions and findings, and present to Internal Audit senior management and business stakeholders
• Follow-up on open audit issues and validate their resolution
• Participate in department-wide initiatives aimed at continually improving Internal Audit's processes and supporting infrastructure
• Develop and maintain key stakeholder relationships and regularly engage with the business during the year to assess changes in the risk and control environment

SKILLS AND RELEVANT EXPERIENCE

• Bachelor's degree (or higher) in finance, accounting, risk management or a quantitative discipline
• 8+ years of relevant work experience in Internal Audit in financial services, or Operational Risk Management
• Highly motivated, delivery focused, analytical and detailed self-starter with proven record in a team-based environment
• Knowledge of regulatory rules and expectations for operational risk management and measurement
• Led project teams to deliver audits within assigned timelines and in line with stated audit objectives
• Excellent communications skills (oral and written) to clearly articulate issues and ideas with different levels across stakeholders
• Proficiency in Microsoft Office Suite
• Knowledge of financial markets, products and financial and non-financial risk management (Market, Credit, Liquidity, Operational and Counterparty risk)
• Strong leadership, interpersonal, and relationship management skills
• Ability to work effectively across a large audit team, understanding the team's role in the overall strategy of the firm
• Ability to multi-task and remain organized in a fast-paced environment, willing and able to learn new businesses and processes quickly
• Relevant certification or industry accreditation (e.g., CPA, CFA, CIA) is a plus
• Knowledge of core capital planning disciplines: capital planning governance, risk identification and scenario design, stressed projections for revenue, balance sheet, RWA and capital and credit, market and operational losses, quantitative and qualitative estimation methods and FR Y-14 submissions
• Knowledge of financial risk management disciplines is a plus, including credit risk, market risk or funding/liquidity risk
• Knowledge of enterprise risk management best practices and controls, including risk governance, risk measurement, Board and regulatory risk reporting