Internal Audit - Quality Assurance & Improvement Program Group, Vice President

Internal Audit - Quality Assurance and Improvement Program (QAIP) Group

In Internal Audit (IA), we independently assess the firms overall control environment by assessing the firm’s governance processes and controls, and risk management and capital and anti-financial crime frameworks. 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.

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. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world. Internal Audit supports the Board of Directors, Audit Committee and senior firm leadership in fulfilling their oversight roles by independently assessing the firm’s internal control structure, raising awareness of control risk, providing advice to management in developing control solutions, and monitoring the implementation of management’s control measures.

The QAIP Group’s mission is to:

• Improve processes to optimize the efficiency and effectiveness with which assurance work is executed, by undertaking quality assurance reviews of the end-to-end Internal Audit activities, driving audit skills training and maintaining audit methodology and policy
• Support the delivery of high-quality, consistent and risk-focused assurance work through the execution of quality assurance reviews
• Be the clearing house for methodology-related initiatives through partnership and collaboration with other IA department working groups/initiatives

The QAIP Group is appropriately positioned to effectively and independently execute its mission of:

• Influencing change for methodology-related initiatives through QA results and related on-going feedback
• Supporting the delivery of high-quality, consistent, and risk-focused assurance work through the execution of quality assurance reviews
• Improving processes to optimize the efficiency and effectiveness with which assurance work is executed. This is done by undertaking Quality Assurance Reviews (QARs), providing training to address QA feedback, and providing input for changes to audit methodology and policy; and

Responsibilities include:

• Identify/develop/deliver specific training based on results of quality assurance reviews and observations
• Collaborate with the practices and learning and development teams to identify and contribute to the development of continuous improvement opportunities, including the enhancement of methodology and development of guidance or training for specific topics
• Respond to ad hoc queries raised by auditors
• Perform targeted thematic reviews of the department’s work, and assist with other policy and methodology related matters
• Proactively monitor for changes to industry and regulatory requirements, guidance, and pronouncements
• Participate in selected departmental initiatives
• Execute quality assurance reviews of completed audit projects to assess adherence with audit methodology, and effectively communicate results to stakeholders

Preferred Experience, Skills and Qualifications:

• Strong interpersonal and communication skills
• Strong writing skills
• CPA, CISA, CIA or similar professional certification is strongly preferred
• Good attention to detail; strong analytical skills
• Ability to manage multiple tasks and work well under pressure
• Strong understanding of risks and controls
• Experience in regulated financial services environment
• Strong background in audit professional standards, policy and methodology
• Experience in a professional practices role or auditing business controls, with preferred experience in the financial services industry
• Highly motivated, self-starter
• Degree required