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. We commit people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Our people are our greatest asset - we say it often and with good reason. It is only with the determination and dedication of our people that we can serve our clients, generate long-term value for our shareholders and contribute to the broader public. We take pride in supporting each colleague both professionally and personally. From collaborative workspaces and ergonomic services to wellbeing and resilience offerings, we offer our people the flexibility and support they need to reach their goals in and outside the office.
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RISK BUSINESS
The Risk Business identifies, monitors, evaluates, and manages the firm's financial and non- financial risks in support of the firm's Risk Appetite Statement and the firm's strategic plan. Operating in a fast paced and dynamic environment and utilizing the best-in-class risk tools and frameworks, Risk teams are analytically curious, have an aptitude to challenge, and an unwavering commitment to excellence.
BUSINESS UNIT
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.
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.
JOB DESCIPTION
The Asset Secured Lending team within Global Banking & Markets is looking for an analyst. Team's activity includes providing asset-backed bridge and term financing (and other types of strategic capital) to institutional clients of the firm, secured by, amongst others, portfolios of public equity, private equity, residential assets (loans and real estate), consumer loans, leases, and other asset classes.
RESPONSIBILITIES
- Risk underwriting assets-based financing (e.g. loans secured by Public / Private Equity, discrete commercial real estate mortgage transactions, auto or loan portfolio warehousing), including review of transactions, participate in approval process, make recommendation of appetite and assignment of regulatory and internal ratings
- Conducting in-depth analysis to assess the credit and financial strength of borrowers and counterparts in the REIT/Corporate Real Estate sector by performing fundamental credit analysis of counterparties using both quantitative and qualitative factors
- Review derivative and funding transactions while ensuring appropriate documentation and risk mitigants to protect against default and minimize potential losses
- Identify and escalate notable industry and performance trends and recommend appropriate action to senior team members
- Monitor the performance of counterparties in the portfolio, including adherence to covenants and analyzing the counterparties' performance relative to budget and/or underwriting expectations
- Support Credit Risk management senior leadership with analysis, reporting and presentations
- Coordinate with global colleagues in GS Risk teams as well as with other divisions, including Asset & Wealth Management, Global Banking & Markets, Controllers, Legal and Operations
SKILLS AND RELEVANT EXPERIENCE
- Bachelor's degree, 0- 3 years of experience
- Strong willingness to learn in fast paced, team-based environment with a positive attitude required
- Strong interest and familiarity with finance, financial markets, and economic developments. Knowledge of credit risk, financial & equity markets, Structured Finance and/or Commercial Real Estate Financing is beneficial
- Strong analytical, communication, and organizational skills required
- Attention to detail, curious, motivated, self-starter, flexible and quick learner
- Team player with an ability to work effectively with colleagues in other regional offices
- Strong organizational skills and the ability to manage multiple assignments concurrently
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
© The Goldman Sachs Group, Inc., 2023. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity