Internal Audit – Regulatory Relations Team - Associate - NYC

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. 

IA also supports the Board of Directors' Audit Committee by providing independent, objective and timely assurance and is a function designed to assist the Audit Committee, management and regulators by: 

Communicating and reporting on the effectiveness of the firm’s governance, risk management and controls that mitigate current and evolving risks; Raising awareness of control risk; Assessing the firm’s control culture and conduct risks; and Monitoring management’s implementation of control measures

IA is comprised of global functional audit teams covering the various business areas of the firm:  Asset & Wealth Management, Platforms Solutions, Finance, Compliance, Global Banking & Markets, and Engineering. Our group has unique insight on the financial industry and its products and operations. 

Based on IA’s responsibilities, we have extensive interactions with various regulators. We are looking for a detail-oriented individual who has an interest in financial markets and want to gain insight into the firm’s operations and control processes.

Key Responsibilities 

As the liaison between IA and the regulators on matters of regulatory compliance, the Regulatory Relations Team works closely with the various IA functional teams. The team is responsible for overseeing the examination process and coordinating regulatory interactions for IA. The primary responsibilities and expectations of the team members include:

 

Ensure that incoming regulatory matters that concern IA are appropriately trackedWork with the IA functional teams regarding regulatory information requests and responsesProvide best practices for regulatory interactions, submissions and meeting managementMonitor teams progress in completing undertakings made to regulators during the course of inquiries and exams, among other responsibilitiesOptimize processes using automation and standardization to ensure regulatory matters are tracked and maintained with efficiency, effectiveness and consistencyConduct internal data analytics, visualization and process optimization to facilitate production of metrics for senior management reporting Participation in corporate governance groups supporting regulatory mattersEscalate situations, as appropriate, to relevant senior leadershipExecute and manage ad-hoc projects Maintain a centralized warehouse for documents related to requests, responses and commitments

Business knowledge / Qualifications

Undergraduate degree in finance, accounting or other quantitative disciplineMinimum of 3 years of experience in financial analysis / accounting, operational management, reporting and analysis, or project/portfolio management Highly organized and detail-oriented with excellent multi-tasking and follow-through abilityStrong project and time management skillsGood communicator who can manage multiple stakeholders, keen to drive consensus and influence the outcomesStrong interpersonal, verbal and written communication skillsProficient in Microsoft Excel, Word, PowerPoint and SharePoint or other Business Intelligence (BI) toolsSolutions and innovation minded with strong analytical and problem-solving skills, including process re-engineering, the ability to organize and analyze and report results to various audiences Energetic, self-directed and self-motivated, able to build and sustain long-term relationships with teammates and colleagues

 

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.

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

Salary Range
The expected base salary for this New York, New York, United States-based position is $85000-$140000. 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.