Business Audit

Goldman Sachs Bank AG; Singapore; On-site; SGD 85,000 - 120,000; Full time

Benefits offered by this job

Healthcare & Medical Insurance

Financial Wellness & Retirement

On-site health centers

Job summary

Goldman Sachs Singapore invites detail-oriented professionals to join Internal Audit, the third line of defense responsible for testing controls, assessing governance, risk management and compliance. You will review financial reports, analyze control effectiveness, and interact with regional stakeholders.

The role requires strong analytical skills, a university degree in Finance or Accounting, and relevant certifications; experience in financial services or regulatory exams is a plus, with

Qualifications

• University degree in Finance, Accounting, or with quantitative discipline.
• Graduate degree in related subject is preferred.
• Certification such as CPA, CFA, CIA, CFE is beneficial.

Responsibilities

• Develop and maintain an in-depth understanding of business areas and products.
• Participate in walkthroughs with management and execute testing to ensure audit fieldwork quality.
• Identify risks, assess mitigating controls, and make recommendations to improve the control environment.
• Assist in audit scoping, planning, fieldwork and reporting.
• Follow-up on open audit issues and monitor resolutions.

Skills

Team-oriented

Leadership

Interpersonal skills

Project management

Analytical skills

Financial concepts

Education

Finance or Accounting degree

Graduate degree (preferred)

CPA/CFA/CIA/CFE (preferred)

Job description

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.

INTERNAL AUDIT

As the third line of defense, Internal Audit’s (IA) mission is to independently assess the firm’s overall control environment, including the firm’s governance processes and controls, and risk management and capital and anti-financial crime frameworks. In doing so, IA:

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

Assess the firm’s control culture and conduct risks; and

Monitors management’s implementation of control measures

RESPONSIBILITIES AND QUALIFICATIONS

General Responsibilities:

Develop and maintain an in-depth understanding of business areas, its products, and supporting functions

Participate in walkthroughs with management and execute 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

Assist in every step of an audit including scoping, planning, fieldwork and reporting

Work with experienced team members to 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

Assist in the audit team’s continuous monitoring effort to cover market and regulatory events, business and technology updates and audit/reviews completed

Participate in department-wide initiatives aimed at continually improving IA's processes and supporting infrastructure

Specific Skills and Experience:

Team-oriented with a strong sense of ownership and accountability

Strong leadership, interpersonal, relationship and project management skills

Additional Asian language (Japanese or Korean or Mandarin) will be an asset. The successful candidate will be required to review financial documents, local regulatory filings, and system logs written in Japanese, Korean, or Mandarin, as well as conduct audit walkthroughs and interviews with regional stakeholders in North Asian offices who communicate primarily in these languages.

Solid analytical skills

Understanding of financial concepts and/or key securities and/ or banking regulations in Singapore/ other APAC region

Highly motivated with the ability to multi-task and remain organized in a fast-paced environment

At least 1 year of experience in a public accounting, consulting, internal audit and/or regulatory agency examiner role within the financial services industry or a related control function

University degree in Finance, Accounting, or with quantitative discipline, and ideally a graduate degree in a related subject

Relevant certification or industry accreditation (e.g., CPA, CFA, CIA,CFE)

ABOUT GOLDMAN SACHS

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.

Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.