Internal Audit-Data Analytics -New York-Vice President

The Goldman Sachs Group; New York (NY); On-site; USD 100,000 - 250,000; Full time

Job summary

Goldman Sachs is seeking a senior data scientist for its Embed Data Analytics team within Internal Audit in New York, NY. You will partner with audit teams to design data-driven solutions, automate repeatable processes, and deliver insights into the firm’s control environment.

You will work on data modeling, ETL, data governance, and develop production-ready analytics using Tableau/Spotfire/QlikView. Strong programming skills (Python/Java/C++) and excellent communication are essential in this

Qualifications

• Bachelor's degree required in a quantitative field (CS/Math/Stats)
• Strong SQL and database querying skills
• Experience with ETL, data governance, and data quality measures
• Proficiency in Python/Java/C++ and data manipulation
• Comfort communicating complex data findings to audit teams
• Experience building reusable analytical tools for audit testing

Responsibilities

• Perform database related activities: data modeling, engineering, governance, entitlements maintenance
• Gather and manage audit-specific data requirements to support sampling and data integrity
• Develop production-grade analytical tools using Tableau, Spotfire or QlikView
• Execute ETL processes and data extraction/transformation tasks
• Produce data analysis with concise technical narratives on automated controls
• Write data analysis code in Python, Java, or C++
• Identify opportunities for automation and standardization in audit workflows
• Collaborate with audit teams to source data and improve testing efficiency
• Build and maintain relationships with Audit team members

Skills

Python

SQL

Data Governance

ETL

Statistics

Communication

Education

Bachelor's degree in Computer Science / Mathematics / Statistics

Tools

Tableau

Spotfire

QlikView

Job description

What We Do

Internal Audit's mission is to independently assess the firm's internal control structure, including the firm's governance processes and controls, risk management, capital and anti-financial crime framework. In addition, it is also to 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 is organized into global teams comprising of business and technology auditors that cover all the firm's businesses and functions - securities, investment banking, consumer and investment management, risk management, finance, cyber-security and technology risk, and engineering

Who We Look For

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.

Data Analytics

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. Embed Data Analytics team leverages its programming and analytical capabilities to build innovative data driven solutions. The team works closely with auditors to understand their pain points and develop data-centric solutions to address the same

Your Impact

As part of the third line of defense, you will be involved in independently assessing the firm's overall control environment and its effectiveness as it relates to current and emerging risks and communicating the results to local/ global management. In doing so, you will be supporting the provision of independent, objective and timely assurance around the firm's internal control structure, thereby supporting the Audit Committee, Board of Directors and Risk Committee in fulfilling their oversight responsibilities.

We are looking for a strong data scientist, passionate about using data to challenge the norm, to join our Embed Data Analytics team. The candidate will work closely with the audit teams to build innovative and reusable analytical tools that will help make audit testing more efficient and provide meaningful insights into firm's control environment.

Responsibilities

• Perform Database related activities - Data Modeling, Data Engineering, Data Governance, and maintenance of Entitlements.
• Obtain/Manage requirements that are tailored to each audit project and provide the results that can be used to provide insight to auditors in terms of sample selection, control gap identification, completeness of data sources, and data integrity (i.e., Data Blessing)
• Build production ready analytical tools to automate repeatable and reusable processes within IA using reporting tools such as Tableau, Spotfire or QlikView
• Execute elected data analysis activities. Such activities may be defined as procedural or programmatic tasks related to the analysis, extraction, transformation, and uploading of data (structured and unstructured) (i.e., ETL processes).
• Perform Data analysis activities that may also be supplemented by summarized technical narratives describing the integrity of specific automated controls.
• Write data analysis code (e.g., Python, Java, or Slang)
• Identify areas for process standardization and implement automation techniques in applications used for audit process and Data Analytics
• Execute on Embed DA - Data strategy developed by IA management within the context of audit responsibilities, such as risk assessment, audit planning, creation of reusable tools and providing innovative solutions to complex problems.
• Partner with audit teams to help identify risks associated with businesses and facilitate strategic data sourcing and develop innovative solutions to increase efficiency and effectiveness of audit testing.
• Build and manage relationships and communications with Audit team members

Basic Qualifications

• 8+ years of experience with a minimum of bachelor's in computer science, Math, or Statistics
• Strong experience in RDBMS/ SQL
• Exposure to ETL Processes, Data Engineering and Data Governance
• Experience in implementing Data Blessing/Data Quality measures and entitlement models
• Proficiency in programming languages, such as Python, Java, or C++
• Knowledge of basic statistics, including descriptive statistics, data distribution models, Time Series Analysis, correlation, and regression, and its application to data
• Strong team player with excellent communication skills (written and oral). Ability to communicate what is relevant and important in a clear and concise manner and ability to handle multiple tasks
• Strong contributing member of Data Science team and help build analytical capabilities for Internal Audit Division
• Driven and motivated and constantly taking initiative to improve performance

Preferred Qualifications

• Experience with advanced data analytics tools and techniques
• Familiarity with text analytics and NLP using python
• Familiarity with machine learning algorithms and exposure to supervised and unsupervised learning - Linear/Logistic Regression, SVM, Random Forest and Boosting, Clustering and Patterns Recognition techniques
• Experience with analytical/ statistical programs such as SAS, SPSS, and R
• Experience with visualization tools (Tableau, Spotfire or QlikView) is a plus
• Creativity/Innovation, i.e., ability to create new ways to improve current processes and develop practical solutions that add value to department

Salary Range

The expected base salary for this New York, NY, United States-based position is $100000-$250000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits

Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.