Goldman Sachs Bank AG
Risk, Credit Research Group (Structured Finance/Commercial RE) Salt Lake City Sa
Goldman Sachs Bank AG, Salt Lake City, Utah, United States, 84193
Risk, Credit Research Group (Structured Finance/Commercial RE), Associate, Salt Lake City location_on Salt Lake City, Utah, United States
Title: Associate and/or Vice President
The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.
Credit Risk (CR) is responsible for managing the firm's credit exposure to its trading and lending counterparties. Leveraging its extensive expertise in financial, credit and risk analysis, CR ensures that credit exposure to our counterparts is managed within the firm's risk appetite. Staffed with more than 300 professionals, CR operates through 11 different offices around the world and credit professionals work closely with many areas of the firm. Given this structure, CR professionals gain diverse financial experience and a broad perspective on how the entire firm functions. The interaction with numerous departments and the range of projects that ensue allow for a challenging, varied and multi-dimensional work environment.
Key Responsibilities
Approve counterparty credit research and credit rating analysis conducted by analysts on Asset Backed Warehouse facilitiesand Commercial Real Estate Lending/ REIT corporatefinancing transactions
Analyze all credit facilities of the assigned portfolio counterparties and recommendinternal credit rating and regulatory risk ratings
Presentfindings and recommendations to senior leadership and answer questions relating to analysis performed; Escalate issues to senior management
Lead efforts to produce ongoing surveillance research and prepare portfolio observations for senior management
Update and enhance existing internal rating methodology forStructuredFinance and Commercial Real Estate/ REIT financing facilities
Own and lead ad-hoc projects relating to regulatory remediation, credit risk process improvement, and surveillance
Ensure compliance with Credit Risk policy and procedures, and recommend adjustments as needed
Provide both industry specific training and review process training to new hires and juniors analysts
Other key responsibilities include:
Coordinate with global colleagues in GS Risk teams as well as with other divisions
Support key Risk governance and approval committees
Participate in regulatory examinations
Basic Qualifications
Bachelor's Degree(US or foreign equivalent) in Business Administration, Finance, or a related field
Preferred Qualifications
Preferred experience in underwriting, portfolio management,credit rating/research, and risk managementof either of or acombination of the following three areas; Structured Finance(warehouse lendingand other asset-backed financings), Commercial Real Estate Lending, and REIT Corporate Financing transactions
Familiarity of CMBS / ABS / CLO structure and market drivers for various asset classes (eg CRE, residential mortgage, consumer & commercial receivables, aviation, transportation, etc)
Experience in presenting and defending credit research and findings to colleagues, senior management and internal stakeholders
Experience in team environment, including experience providing training to junior colleagues and peers
Highly motivated with strong academic background
Strong analytical and communication skills, both oral and written
Team player with an ability to work effectively with colleagues in other regional offices
Flexibility, ability to learn quickly
Strong organizational skills and the ability to manage multiple assignments concurrently
Functional Expertise - Keeps up-to-date with emerging business, economic, and market trends
Technical Skills - Demonstrates strong technical skills required for the role, pays attention to details, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills
Drive and Motivation - Successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
Client and Business Focus - Effectively handles difficult requests, builds trusting, long-term relationships with clients, helps the client to identify/define needs and manages client/business expectations
Teamwork - Gives evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions
Communication Skills - Communicates what is relevant and important in a clear and concise manner, shares information/new ideas with others, and demonstrates judgment to escalate as appropriate
Judgment and Problem Solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyzes complex issues
Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value
Influencing Outcomes - Presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences others' opinions by presenting persuasive recommendations
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
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.
Healthcare & Medical Insurance
We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.
We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.
Financial Wellness & Retirement
We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.
Health Services
We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.
Fitness
To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).
Child Care & Family Care
We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.
Benefits at Goldman Sachs
Read more about the full suite of class-leading benefits our firm has to offer.
#J-18808-Ljbffr
Title: Associate and/or Vice President
The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.
Credit Risk (CR) is responsible for managing the firm's credit exposure to its trading and lending counterparties. Leveraging its extensive expertise in financial, credit and risk analysis, CR ensures that credit exposure to our counterparts is managed within the firm's risk appetite. Staffed with more than 300 professionals, CR operates through 11 different offices around the world and credit professionals work closely with many areas of the firm. Given this structure, CR professionals gain diverse financial experience and a broad perspective on how the entire firm functions. The interaction with numerous departments and the range of projects that ensue allow for a challenging, varied and multi-dimensional work environment.
Key Responsibilities
Approve counterparty credit research and credit rating analysis conducted by analysts on Asset Backed Warehouse facilitiesand Commercial Real Estate Lending/ REIT corporatefinancing transactions
Analyze all credit facilities of the assigned portfolio counterparties and recommendinternal credit rating and regulatory risk ratings
Presentfindings and recommendations to senior leadership and answer questions relating to analysis performed; Escalate issues to senior management
Lead efforts to produce ongoing surveillance research and prepare portfolio observations for senior management
Update and enhance existing internal rating methodology forStructuredFinance and Commercial Real Estate/ REIT financing facilities
Own and lead ad-hoc projects relating to regulatory remediation, credit risk process improvement, and surveillance
Ensure compliance with Credit Risk policy and procedures, and recommend adjustments as needed
Provide both industry specific training and review process training to new hires and juniors analysts
Other key responsibilities include:
Coordinate with global colleagues in GS Risk teams as well as with other divisions
Support key Risk governance and approval committees
Participate in regulatory examinations
Basic Qualifications
Bachelor's Degree(US or foreign equivalent) in Business Administration, Finance, or a related field
Preferred Qualifications
Preferred experience in underwriting, portfolio management,credit rating/research, and risk managementof either of or acombination of the following three areas; Structured Finance(warehouse lendingand other asset-backed financings), Commercial Real Estate Lending, and REIT Corporate Financing transactions
Familiarity of CMBS / ABS / CLO structure and market drivers for various asset classes (eg CRE, residential mortgage, consumer & commercial receivables, aviation, transportation, etc)
Experience in presenting and defending credit research and findings to colleagues, senior management and internal stakeholders
Experience in team environment, including experience providing training to junior colleagues and peers
Highly motivated with strong academic background
Strong analytical and communication skills, both oral and written
Team player with an ability to work effectively with colleagues in other regional offices
Flexibility, ability to learn quickly
Strong organizational skills and the ability to manage multiple assignments concurrently
Functional Expertise - Keeps up-to-date with emerging business, economic, and market trends
Technical Skills - Demonstrates strong technical skills required for the role, pays attention to details, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills
Drive and Motivation - Successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
Client and Business Focus - Effectively handles difficult requests, builds trusting, long-term relationships with clients, helps the client to identify/define needs and manages client/business expectations
Teamwork - Gives evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions
Communication Skills - Communicates what is relevant and important in a clear and concise manner, shares information/new ideas with others, and demonstrates judgment to escalate as appropriate
Judgment and Problem Solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyzes complex issues
Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value
Influencing Outcomes - Presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences others' opinions by presenting persuasive recommendations
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
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.
Healthcare & Medical Insurance
We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.
We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.
Financial Wellness & Retirement
We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.
Health Services
We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.
Fitness
To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).
Child Care & Family Care
We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.
Benefits at Goldman Sachs
Read more about the full suite of class-leading benefits our firm has to offer.
#J-18808-Ljbffr