Internal Audit- Business Audit-Analyst-Hyderabad

Job Description

What We Do

Internal Audit

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
• Raise awareness of control risk
• Assesses the firm’s control culture and conduct risks; and
• Monitors management’s implementation of control measures
  
  

Goldman Sachs Internal Audit comprises individuals from diverse backgrounds including financial risk managers, chartered accountants, business managers, developers, 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 global markets, investment banking, consumer and investment management, risk management, finance, cyber-security and technology risk, model risk and engineering.

Internal Audit - Risk

The Risk team within Internal Audit at Goldman Sachs consists of auditors charged with reviewing the firm’s internal controls utilized as part of various firmwide financial risk measurement and management functions. The objective of Internal Audit Risk team is to assess the robustness of the firm’s risk management framework. The Risk team is responsible for the audit of a diverse array of controls across risk stripes – including market, credit, liquidity and operational risk and controls supporting the firm’s financial risk management framework.

The team in Bengaluru specializes in the audits of market risk measurement and management, with coverage spanning across components including risk oversight and governance, risk identification and measurement, risk reporting and risk management activities including risk limits monitoring.

Job Description

• 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.
• Presenting the scope, progress, and results of the review to internal audit management, business stakeholders and assisting with negotiating finalization of issues with senior client management.
• Perform in depth audits of controls supporting market risk management, coordinating with team members across multiple jurisdiction
• 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 expectation and requirements
  
  

Skills And Relevant Experience

• Master’s degree in management or economics. A qualification in financial risk management including FRM certification is an advantage
• Effective audit mindset to be able to independently assesses the firm’s internal control structure in the areas of market risk measurement and management
• 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 market risk measurement, stress testing, limits setting and monitoring, risk reporting and risk governance
• Effective audit mindset to be able to independently assesses the firm’s internal control structure in the areas of market risk measurement and management and its conformance with regulatory requirements
• 1-2 years of experience in market risk management function, market risk independent validation function, or internal audit role covering market risk the financial services industry or Big 4 risk advisory
  
  

About GS

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.