Associate - 6623353

Job Description

Job Duties: Associate with Goldman Sachs & Co. LLC in Dallas, Texas. Assist with planning, scoping, and execution of risk-based and regulatory required audits of business areas and processes covering the firm's Risk division, including Credit, Liquidity, Operational, and Market risk and Capital Planning (CCAR) processes. Responsible for maintaining quarterly Internal Audit tracking of Risk theme coverage for reporting to the Board of Directors and performance of quarterly assessment of the financial impact quantitative analysis for execution process risk across auditable organizational units. Perform in-depth audits of controls supporting any combination of risk management and capital planning knowledge, including capital planning, risk identification and scenario design, stressed projections and risk management, including credit risk, market risk, operational risk, funding / liquidity risk. Assist with multiple audits concurrently, including the planning and scoping of the audits, employing audit and analytical procedures and techniques to assess the design and operating effectiveness of the controls to mitigate risks, and discussing the results with the firm's local and global management. Define and execute the audit plan and continuous monitoring and risk assessment processes. Drive discussions with senior business stakeholders to understand risk drivers, control state, and impact in order to formulate a point of view of the control environment. Define audit scope and perform detailed walkthroughs to evaluate the adequacy of the control designs and develop test plans and perform testing to assess control operating effectiveness. Perform quarterly assessment of the financial impact quantitative analysis for execution process risk across auditable organizational units. Maintain quarterly Internal Audit tracking of risk theme coverage in line with CFTC regulatory expectations for reporting to the Board of Directors. Validate the quality of internal SOX assessments. Drive report preparation by drafting commercially effective audit reports, including writing clear and concise findings. Present 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. Participate in department-wide initiatives aimed at continually improving Internal Audit's processes and supporting infrastructure. Analyze data by applying various data analysis techniques and data mining to derive conclusions and make business decisions to drive projects.

Job Requirements: Master's degree (U.S. or foreign equivalent) in Finance, Accounting, Financial Risk Management, or a related quantitative field and Two (2) years of experience in the job offered or in a related role OR Bachelor's degree (U.S. or foreign equivalent) in Finance, Accounting, Financial Risk Management, or a related quantitative field and Three (3) years of experience in the job offered or in a related role. Must have two (2) years of experience with a Master's degree or three (3) years of experience with a Bachelor's degree with: applying knowledge of risk analysis, particularly with assessing the likelihood and impact of an internal control weaknesses; planning, scoping, and executing risk-based and regulatory required audits of Credit, Liquidity, Operational, and Market risk and Capital Planning (CCAR) processes; demonstrating effective understanding of the end-to-end market risk lifecycle, including risk measurement, risk review and checkout, risk reporting and risk management; market risk measurement for multi asset class portfolios including calculation of market risk exposures and sensitivities across a broad range of instruments including Commodities, Equities, Fixed Income, FX, Mortgages and Structured Credit; regulatory landscape for market risk including Value at Risk (VaR) and Stressed VaR based capital adequacy requirement - Basel II IMA approach (including VaR Back-testing); independently assessing a firm's internal control structure in the areas of market risk management and its conformance with regulatory requirements; regulatory guidance (including SR 15-18) pertaining to capital planning and implementation of controls associated with guidance for Firms subject to Category 1 Standards; firmwide risk identification processes, including completeness and appropriateness of identified risks, including Market Risk, Liquidity & Funding Risk, Operational Risk, and Credit Risk (such as Credit Valuation Adjustment (CVA)); CCAR Scenario design process, including the completeness of scenario variables, management assessment/review framework, and the reasonableness of the Bank Holding Company scenarios; and global macroeconomic environment and its interconnection with execution processes and enterprise risk to assess comprehensiveness of a firm's risk inventory.

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