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Internal Audit – Professional Practices (PPG), Vice President – New York

goldmansachs Goldman Sachs

Like most financial institutions, Goldman Sachs specializes in several key areas, including mergers and acquisitions, investment research, securities and risk management, and technological innovation.

Internal Audit

In Internal Audit (IA), we independently assess the firms overall control environment by assessing the firm’s governance processes and controls, and risk management and capital and anti-financial crime frameworks. 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.

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. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world. Internal Audit supports the Board of Directors, Audit Committee and senior firm leadership in fulfilling their oversight roles by independently assessing the firm’s internal control structure, raising awareness of control risk, providing advice to management in developing control solutions, and monitoring the implementation of management’s control measures.

Professional Practices Group (PPG):

The Professional Practices Group’s mission is to:

  • Support the delivery of high-quality, consistent and risk-focused assurance work through the execution of quality assurance reviews
  • Improve processes to optimize the efficiency and effectiveness with which assurance work is executed, by undertaking quality assurance reviews, driving audit skills training and maintaining audit methodology and policy
  • Be the clearing house for methodology-related initiatives through partnership and collaboration with other IA department working groups/initiatives

PPG is primarily comprised of quality assurance and practices. The candidate will be responsible for proactively monitoring for changes to industry and regulatory requirements, guidance and pronouncements and leading remediation efforts for the division where appropriate. Overall, work will also include driving division-wide improvement efforts in efficiency, effectiveness and productivity, including implementing initiatives on process.

Responsibilities include:

  • Provide day to day support and guidance on IA methodology topics
  • Proactively monitor for changes to industry and regulatory requirements, guidance, and pronouncements
  • Review and improve the IA Methodology Manual including related practices, by drafting and presenting methodology documents to key internal stakeholders, including the Global Director of IA and Executive Leadership Team, developing guidance notes and other guides, and confirming a workflow in IA repository
  • Develop and update methodology and guidance to align to evolving practices and innovation initiatives
  • Perform self-assessments to key regulatory and industry standards, and have the ability to make process, practice and methodology improvements
  • Apply technical understanding of internal audit policies, standards and practices to recommend enhancements to IA methodology and guidance
  • Identify and contribute to the development of continuous improvement opportunities
  • Maintain oversight of the IA Methodology Manual and supplemental guides as well as the IA SharePoint and IA site
  • Liaise across the Quality Assurance (QA) team to identify required methodology updates and guidance resulting from QA reviews
  • Produce effective communication tools to share best practices and methodology, including a monthly newsletter
  • Participate and contribute to IA strategic priorities
  • Assist in the provision of methodology training to auditors, including tailored training as needed
  • Participating in selected departmental initiatives

Preferred Experience, Skills and Qualifications:

  • Strong background in audit professional standards, policy and methodology
  • Experience in audit or a professional practices role, with preferred experience in the financial services industry
  • Strong understanding of risks and controls
  • Experience in regulated financial services environment
  • Strong writing skills
  • Good attention to detail; strong analytical skills
  • Ability to manage multiple tasks and work well under pressure
  • Strong interpersonal and communication skills
  • Highly motivated, self-starter
  • Degree required
  • CPA, CISA, CIA or similar professional certification is strongly preferred

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Internal Audit – Professional Practices (PPG), Vice President – New York

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Goldman Sachs

Like most financial institutions, Goldman Sachs specializes in several key areas, including mergers and acquisitions, investment research, securities and risk management, and technological innovation.

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