Control Functions (Controllers/Internal Audit) - CA Freshers May 2024 - Analyst - Bengaluru/Hyderabad

Job Description

CONTROLLERS

Controllers ensure that the firm meets all the financial control and reporting obligations of a global, regulated, and public financial institution. Our professionals measure the profitability of, and risks associated with, every aspect of the firm's business. Controllers also ensure that the firm's activities are conducted in compliance with the regulations governing transactions in the financial markets.

OUR IMPACT

We're a team of specialists charged with managing the firm’s liquidity, capital, and risk, and providing the overall financial control and reporting functions. Whether assessing the creditworthiness of the firm’s counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firm’s success. The business is ideal for collaborative individuals who have strong ethics and attention to detail.

BUSINESS UNIT

The Controllers group is responsible for safeguarding the firm's assets: to help maintain the integrity of Goldman Sachs' finances and expenditures. Through careful consideration and analyses of firm finances, objectives and strategies, we ensure that the firm's businesses continue to be profitable and efficiently run. Controllers also ensure that all business practices are in compliance with financial and regulatory requirements worldwide. Since contact with virtually every part of the firm is essential to Controllers, professionals in the department experience Goldman Sachs businesses, products, and sophisticated technology systems in depth. Direct Hedge Funds, Hedge Funds Strategies, Private Equity Group teams within Controllers support the alternative investments within Goldman Sachs Asset Management division with oversight over complex private funds.

CONTROLLERS

Basic Qualifications

• Qualified CA /CFA/CMA
• Basic industry knowledge and strong accounting knowledge. - Knowledge of US GAAP & IFRS is a plus.
• Strong communication and interpersonal skills
• Strong analytical skills
• Strong knowledge of Microsoft Office products, tools and utilities for business use
  
  

COMPETENCIES

• Candidate must be proactive, enthusiastic and team oriented
• Ability to prioritize and make decisions in a fast-paced environment
• Accuracy and attention to detail
  
  

INTERNAL AUDIT

Business Unit Overview

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
• Assesses the firm’s control culture and conduct risks; and
• Monitors management’s implementation of control measures
  
  

IA is comprised of the following global functional audit teams covering the various business areas of the firm: Global Markets, Asset & Wealth Management, Global Investment Research, Platform Solutions, Compliance & Legal, Engineering, Finance, Corporate Treasury, Risk, HCM, Executive Office, Corporate Planning and Management; and CWS.

Responsibilities

• Develop and maintain a good understanding of business areas, its products, and supporting functions.
• Plan and execute audit discussions, walkthroughs, and testing with stakeholders in line with the audit scope and based on IA methodology.
• 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 internal stakeholders.
• Follow-up on open audit issues and their resolution.
• Assist the department’s continuous monitoring effort to cover incidents, external and regulatory events, business and technology updates.
  
  

Qualifications

• Qualified Chartered Accountants, Certified Internal Auditor, Certified Public Accountants, Financial Risk Managers, Certified Information Systems Auditors, or equivalent qualifications.
• Basic industry knowledge and strong accounting knowledge.
• Strong communication and interpersonal skills.
• Strong analytical skills.
• Strong knowledge of Microsoft Office products, tools and utilities for business use.
  
  

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.

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

Please note that our firm has adopted a COVID-19 vaccination requirement for employees who work onsite at any of our U.S. locations to safeguard the health and well-being of all our employees and others who enter our U.S. offices. This role requires the employee to be able to work on-site. As a condition of employment, employees working on-site at any of our U.S. locations are required to be fully vaccinated for COVID-19, and to have either had COVID-19 or received a booster dose if eligible under Centers for Disease Prevention and Control (CDC) guidance, unless prohibited by applicable federal, state, or local law.

Applicants who wish to request for a medical or religious accommodation, or any other accommodation required under applicable law, can do so later in the process. Please note that accommodations are not guaranteed and are decided on a case by case basis.

The Goldman Sachs Group, Inc., 2024. All rights reserved.

Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity