Job Profile: Internal Audit – Market Risk – Vice President – Hyderabad

WHO WE ARE

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Birmingham, Frankfurt, Tokyo, Hong Kong and other major financial centres around the world.

At Goldman Sachs, our culture is one of teamwork, innovation and meritocracy. We often say our people are our greatest asset and we take pride in supporting each colleague both professionally and personally. From collaborative workspaces and mindfulness classes to working from home and flexible work options, we offer our people the support they need to reach their goals in and outside the office.

Key Goldman Sachs businesses include:

• Global Banking and Markets- covers the Firm’s Sales, Trading and Insurance businesses, investment banking, including related supporting control functions such as Operations, Technology, Product Control and Divisional Compliance and Research Group
• Investment Management - covers the firm’s Private Wealth Management, Asset Management and Merchant Banking businesses.

Federation - covers the firm’s Risk Management, Finance, Corporate Governance, Legal, Compliance and Regulatory Reporting areas as well as Human Capital Management, Services and the Executive Office.

BUSINESS UNIT AND ROLE OVERVIEW

The primary role of Internal Audit is to help protect the assets, reputation and sustainability of the organisation. As the third line of defence, 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. We assist management in identifying risk and commercially managing risk by providing advice in developing control solutions and monitoring the implementation of management’s control measures.

KEY RESPONSIBILITIES

Lead and participate in a range of Market Risk audit projects, including:

• End-to-end audit project management - audit planning, scoping, execution, issue closure, report writing and engagement with internal and external stakeholders
• Document clearly and accurately the execution of specific audit procedures as defined by the projects’ objectives, audit methodology and planned audit approach
• Preparation of the audit test program and assessment of the adequacy of the design and operating effectiveness of controls associated with the key risks identified
• Assessment of the risk and issue impact identified both during an audit and on ad hoc basis and follow up with stakeholders on remediation of actions
• Act as a subject matter expert on Market Risk measurement and management. Stay informed of current economic development, emerging risks, applicable regulations, business knowledge, risk, processes and controls relevant to the Market Risk Management.
• Exercise critical and out of box thinking, analytical risk, professional judgement to influence business partners, senior business managers, and peer. Help business partners to balance their business strategy with appropriate risk management controls.
• Collect and analyse complex data across population/portfolio and develop connection and themes to identify and evaluate risks and controls measures.
• Develop and mentor junior team members by providing day to day coaching and guidance.

BUSINESS KNOWLEDGE / QUALIFICATIONS

The role sits within the Internal Audit Risk team at VP level and involves playing a lead role in the audits of Market Risk Management. We expect the individual to have:

• Minimum 3 years of university level of education in a recognised University
• Preferable professional certification, e.g. FRM, CFA
• Minimum 6-8 years of Internal Audit or Market Risk Management in the first- or second-line experience with subject matter knowledge of the end-to-end Market Risk Management processes.
• Understanding of Basel Capital Framework
• Broad understanding of the Laws & Regulation and regulatory guidance impacting Market Risk Management processes across Asia, EMEA and Americas
• Knowledge of Global Markets products.
• Excellent presentation and communication skills (verbal and written) in English.
• Solid, analytical, multitasking and problem-solving skills, and ability to apply critical thinking.
• Exceptional attention to details and ability to ask good questions to fully understand the business, process and risk.
• Able to perform effectively under pressure and comfortable at engaging with senior management at all levels of an organisation across regions on complex issues
• Strong project management skills