At a Glance
- Tasks: Join our team to assess financial controls and enhance audit techniques.
- Company: Goldman Sachs is a leading global investment banking, securities, and investment management firm.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth and diverse team collaboration.
- Why this job: Gain unique insights into financial markets while working in a fast-paced, innovative culture.
- Qualifications: 7+ years in public accounting or internal audit; strong communication and leadership skills required.
- Other info: Relevant certifications like ACA or ACCA are a plus.
The predicted salary is between 43200 - 72000 £ per year.
INTERNAL AUDIT
In Internal Audit, we ensure that Goldman Sachs maintains effective controls by assessing the reliability of financial reports, monitoring the firm’s compliance with laws and regulations, and advising management on developing smart control solutions. 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.
TEAM OVERVIEW
Goldman Sachs Internal Auditors demonstrate strong risk and control mindsets, analytical skills, 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 audit, businesses and functions, have innovative and creative mindsets to adopt analytical techniques to enhance audit techniques, building relationships and are able to evolve and thrive in teamwork and in a fast-paced global environment.
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.
THE ROLE AND RESPONSIBILITIES
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 performs the following duties:
- 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
Additional responsibilities include:
- Develop and maintain an in-depth understanding of business areas, its products, and supporting functions
- Plan and execute audit testing to ensure audit fieldwork is focused on the right areas and documentation meets high quality standards
- Identify risks, assess mitigating controls, and make recommendations on improving the control environment
- Prepare commercially effective audit conclusions and findings, and present to IA senior management and business clients
- Follow-up on open audit issues and their resolution
- Participate in department-wide initiatives aimed at continually improving IA’s processes and supporting infrastructure
SKILLS AND EXPERIENCE REQUIRED
- 7+ years of experience in a public accounting or internal audit role within the financial services industry or a related control function
- In-depth technical knowledge of key risks and associated controls within the Wealth Management industry
- Strong leadership, interpersonal, and relationship management skills
- Strong verbal and written communication skills
- Highly motivated with the ability to multi-task and remain organized in a fast-paced environment
- Relevant certification or industry accreditation (e.g., ACA, ACCA) is a plus
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Internal Audit-London-Vice President-Wealth Management employer: Goldman Sachs
Contact Detail:
Goldman Sachs Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Internal Audit-London-Vice President-Wealth Management
✨Tip Number 1
Familiarize yourself with the specific risks and controls associated with the Wealth Management industry. Understanding these nuances will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the internal audit field, especially those who work in financial services. Engaging in conversations can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Stay updated on current trends and regulations affecting the financial industry. This knowledge will allow you to discuss relevant topics during interviews and show that you are proactive about your professional development.
✨Tip Number 4
Prepare to showcase your analytical skills through real-world examples. Be ready to discuss how you've identified risks and implemented control measures in previous roles, as this aligns closely with the responsibilities of the position.
We think you need these skills to ace Internal Audit-London-Vice President-Wealth Management
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Internal Audit position at Goldman Sachs. Tailor your application to highlight your relevant experience in public accounting or internal audit within the financial services industry.
Highlight Relevant Experience: In your CV and cover letter, emphasize your 7+ years of experience in a similar role. Discuss specific projects or tasks where you demonstrated strong risk and control mindsets, analytical skills, and effective communication with management.
Showcase Your Skills: Make sure to showcase your leadership, interpersonal, and relationship management skills in your application. Provide examples of how you've successfully worked in teams and managed relationships in a fast-paced environment.
Tailor Your Documents: Customize your CV and cover letter for this specific role. Use keywords from the job description, such as 'audit testing', 'control measures', and 'risk management', to demonstrate that you are a perfect fit for the position.
How to prepare for a job interview at Goldman Sachs
✨Understand the Role and Responsibilities
Make sure you have a clear understanding of the Internal Audit role at Goldman Sachs. Familiarize yourself with their mission, especially how they assess internal controls and risk management. This will help you articulate how your experience aligns with their needs.
✨Demonstrate Your Analytical Skills
Prepare to showcase your analytical skills during the interview. Be ready to discuss specific examples where you've identified risks and implemented control measures in previous roles. Highlight any innovative techniques you've used to enhance audit processes.
✨Showcase Your Communication Skills
Effective communication is key in this role. Practice articulating complex ideas clearly and concisely. Be prepared to discuss how you've communicated audit findings to senior management and how you handle discussions around risks and controls.
✨Highlight Your Teamwork Experience
Goldman Sachs values teamwork, so be ready to share experiences where you've successfully collaborated with diverse teams. Discuss how you’ve built relationships across different functions and how you thrive in fast-paced environments.