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April 30, 2024
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Seems back office, no real work with FO.
You're a sophomore, so don't worry about spin. Just get some experience and aim for a FO gig next summer.
Middle or Back office position? (Originally Posted: 02/21/2009)
I recently interviewed for an SA in the internal audit division at Goldman. Here is the description:
"Internal Audit is an integral part of the firm’s risk management infrastructure. As the firm’s internal audit function, we provide independent opinions on the firm’s control environment, and thereby assist the Board of Directors’ Audit Committee in fulfilling its oversight responsibilities. As a valued controls advisor to the firm's management, we help to commercially manage control risk throughout business operations, product launches, implementation of technology systems, geographic expansion and other strategic ventures."
Is this a middle or back office position? What kind of hours/schedule would an analyst have in this type of division?
sounds like its a risk management position so it can be Mid office. At the same time I think of Mid office as a position that interacts with F/O traders and sometimes even firm clients.
hours here are pretty good, with the exception of when you come up on reporting periods. Can't really classify it as a MO or BO as those relate to business support roles. This is more of a side role that is in place so that the audit committee has an internal opinion in addition to PWC. Could be good experience if you are just out of college as you will dig deep into whatever you are auditing. I think the caveat is, they could have you work on a team that audits something you have zero interest in.
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