Realty Management Division, Residential Mortgage Asset Management Department, Transaction Manager, Associate, Irving

Goldman Sachs & Co, located in Irving TX, is seeking a Transaction Manager to support the Realty Management Division’s Residential Mortgages Asset Management and Securities division’s Mortgage Loan Trading groups. The Transaction Manager is primarily responsible for directing and facilitating due diligence (at both the deal and asset levels) for the acquisitions and sales/securitizations of residential loan portfolios, ensuring completion of transaction closing requirements, and adherence to departmental, divisional and firmwide policies. This position reports to the Due Diligence Operations Manager.

Additional responsibilities include recommending the scope of due diligence to be performed; negotiating with, selecting and managing third-party vendor partners who perform due diligence and provide various diligence related products and services; overseeing the due diligence processes; and reporting progressive results while identifying issues and the resulting impacts. A more detailed listing follows:

Responsibilities:

  • Coordinate all aspects of due diligence for individual transactions (e.g., credit underwriting, data integrity, collateral, valuation, origination regulatory compliance, etc.); ensure due diligence meets agreed upon timelines
  • Collaborate with Trade Desk(s) to finalize the due diligence scope, budget and timeline (inclusive of determining samples and preparing data files and diligence materials for third-party vendor partners)
  • Perform primary liaison responsibilities between counterparties, Trade Desk(s), internal diligence teams (i.e., valuation, collateral management, credit and compliance) and third-party vendor partners
  • Collaborate with internal diligence teams to obtain third-party vendor partner bids (discern adequate capacity); procure SOWs and engage/monitor third-party vendor partners
  • Work closely with the internal diligence teams to identify/document loan level conditions/exceptions; assist with determining resolutions/potential cures
  • Review, report and track issues, bid stips and condition clearings until resolution; issue interim progressive and final reports identifying risks/escalated issues, resolutions, financial impact, etc.
  • Maintain accurate reporting of loan level conditions, exceptions and data reconciliation to maintain data integrity
  • Escalate adverse findings and loan level decisions to the Trade Desk(s) and senior management
  • Maintain all diligence related data, communications, and vendor SOWs and results files
  • Review, understand, and act on deal level documents (e.g., MLPA, R&W, Side Letter, etc.)
  • Stay apprised and familiar with specific Rating Agencies securitization guidelines and reporting requirements
  • Tie-out final diligence processes and applicable checklist(s) and deal expenses
  • Coordinate the transition of the trade to RMAM Deal Management team
  • May assist with performing comparative (gap) analyses on underwriting guidelines and counterparty’s reps and warranties
  • May assist with annual on-site reviews of third-party vendor partners
  • May assist with performing due diligence on prospective new sellers/counterparties/loan servicers/(on-boarding)third-party vendor partners; maintain KPIs on third-party vendor partners
  • Actively participate in system/technology related projects (e.g., assist IT/System Administration team with design, analysis, testing, and implementation aspects of enhancements made to the Due Diligence System)
  • Support other departmental teams as needed (e.g., Asset Management, Repurchase Team, Whole Loan Reporting, and Trade Desk Support)
  • Assist in updating departmental policies/procedures; ensure departmental and firmwide guidelines are followed
  • Communicate the firm’s goals and objectives
  • Perform other duties as assigned

Basic Qualifications• Minimum 3 years of extensive residential mortgage loan originations, with a familiarity of various mortgage products pertaining to residential mortgage assets

  • Minimum of 2 years of Capital Markets experience preferred
  • Independent thinker who will be proactive, assertive and professional in dealings with internal/external customers, third-party vendor partners, other RMD/RMAM teams, and senior managers; be able to work at the detail level while managing account relationships
  • Possess excellent time management/organizational skills with a keen eye toward attention to detail; must have ability to handle a high-stress, fast-paced environment, and aggressive deadlines with minimum supervision; successfully meet established project requirements and deadlines; must have ability to work independently and multi-task
  • Strong ability to organize, analyze and interpret legal and compliance related materials
  • Strong self-confidence, good judgment, and sound decision making and problem solving skills
  • Outstanding initiative and excellent communication/presentation skills (both verbal and written)
  • Advanced proficiencies in MS Excel, Word and Outlook
  • Capable of recommending modifications to existing policies/procedures to control risk and improve performance/efficiencies
  • Must have ability to travel and work extended hours (and occasional weekends) as needed

Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet. © The Goldman Sachs Group, Inc., 2015. All rights reserved.


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