Realty Management Division - Residential Mortgage Asset Management - Due Diligence Collateral Management, Trade Diligence, Associate/Analyst (Irving, TX)

MORE ABOUT THIS JOB

REALTY MANAGEMENT

We use our expertise to provide investment and asset management services in the real estate market, partnering with other divisions in the firm to deliver results wherever Goldman Sachs has an interest. Our work is divided across hospitality, loan asset management, real estate credit investing, portfolio management, real estate asset management and residential mortgage asset management. If you're passionate about real estate and finance, have strong analytical skills, and are a great communicator who is eager to make an impact, realty management could be the right place for you.

Goldman, Sachs & Co. is seeking a Collateral Management Associate/Analyst to support the Realty Management Division's (RMD) Residential Mortgages Asset Management (RMAM), Securities Division's Mortgage Loan Trading Desk, and Investment Banking Division's Structured Finance groups. The Diligence and Trade Management Collateral Associate/Analyst is responsible for reviewing mortgage documentation for accuracy and completeness for whole loan acquisitions, securitizations and sales. The Collateral Management Associate/Analyst will review all collateral document deficiencies for curative actions.

RESPONSIBILITIES

  • Manage/Oversee daily vendor and internal diligence processes and progress
  • Provide daily reporting to internal partners
  • Work with contract management and vendor to finalize and implement SOWs and contract updates on a trade level
  • Prepare and present scope, budget and time-line expectations/SLAs
  • Conduct vendor trade diligence performance reviews based on scope including managing vendor KPI and SLA requirements
  • Identify and work with vendor and internal partners to implement process improvement action plans
  • Review, analyze data and reporting and communicate summaries and/or deficiencies to management, vendor, internal partners
  • Review, analyze and risk grade discrepancies and collateral deficiencies identified in vendor reviews and/or escalations
  • create and distribute final closing summary post-settlement to internal partners
  • Handle and manage final transition of trade to post-settlement team
  • Coordinate with internal and external parties to cure document deficiencies
  • Report and track document status and deficiency until resolved
  • Reconcile and report on internal and external data (custodian, collateral vendors, servicers' reporting, etc.)
  • Support other departments with collateral related research (Asset Management, Deal Management Team and Trade Desk Support)
  • Escalate adverse findings and potential loan drops to Collateral Manager, Transaction Manager(s), Asset Management and Trade Desk(s)
  • Ensure departmental and corporate guidelines are followed, and objectives are achieved

RESPONSIBILITIES AND QUALIFICATIONS

REQUIREMENTS

  • Minimum 2-5 years of US mortgage document management and/or document custodial experience, with an emphasis in collateral requirements for whole loan and GSE sales/purchases
  • Independent thinker who will be proactive, assertive and professional in dealing with internal/external customers, third-party vendor partners, other RMD/RMAM departments and senior managers
  • Capable of recommending modifications to existing policies/procedures to control risk and improve performance/efficiencies
  • Strong self-confidence, good judgment, and sound decision making and problem solving skills
  • Trade diligence with document review/audit, and risk analysis experience
  • Vendor oversight experience
  • Data management, analysis and reporting experience
  • Ability to handle a high-stress, fast-paced environment and aggressive deadlines with minimum supervision; successfully meet established project requirements and deadlines
  • Ability to work independently and multi-task
  • Outstanding initiative and excellent communication/presentation skills (both verbal and written)
  • Possess strong organizational and detail-oriented skills
  • Advanced proficiencies in MS Excel
  • Must have flexibility to work extended hours (and occasional weekends) if needed
  • Must have flexibility for occasional travel

ABOUT GOLDMAN SACHS

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

© The Goldman Sachs Group, Inc., 2017. All rights reservedGoldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.


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