What are the responsibilities and job description for the GBM Private, Financing Group, Structured Finance Associate - New York position at Goldman Sachs?
Job Description
Our core strategy is building strong relationships with our franchise clients, which include corporations, financial service providers, and asset managers. We support our clients purchases and sales of financial products around the world, raise optimized funding, and help manage key risk exposures. This is an entrepreneurial team with a passion for innovation, full of individuals who thrive in fast-paced, dynamic environments and are energized by a busy trading floor.
Goldman Sachs is a leading investment bank globally, covering the breadth of market participants and financial products. The Structured Finance business mandate includes originating and executing a variety of asset backed transactions, such as securitizations on behalf of clients as well as the Firm, corporate finance and advisory assignments, warehouse and term financing, and asset principaling across the spectrum of products, including student loans, fiber, royalty streams, triple net lease, unsecured consumer loans, credit cards receivables, subscription lines, home improvement loans, solar loans, core infrastructure, equipment leases, aircraft leases and other esoteric assets.
Scope Of Role
The expected base salary for this New York, New York, United States-based position is $150000-$225000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here .
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., 2024. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity
Our core strategy is building strong relationships with our franchise clients, which include corporations, financial service providers, and asset managers. We support our clients purchases and sales of financial products around the world, raise optimized funding, and help manage key risk exposures. This is an entrepreneurial team with a passion for innovation, full of individuals who thrive in fast-paced, dynamic environments and are energized by a busy trading floor.
Goldman Sachs is a leading investment bank globally, covering the breadth of market participants and financial products. The Structured Finance business mandate includes originating and executing a variety of asset backed transactions, such as securitizations on behalf of clients as well as the Firm, corporate finance and advisory assignments, warehouse and term financing, and asset principaling across the spectrum of products, including student loans, fiber, royalty streams, triple net lease, unsecured consumer loans, credit cards receivables, subscription lines, home improvement loans, solar loans, core infrastructure, equipment leases, aircraft leases and other esoteric assets.
Scope Of Role
- Structuring – Structure securitizations across various asset backed sectors on both principal and third party transactions. Modeling and tie-out with accounting firms and / or third party issuers
- Documentation – Review term sheets and deal structures in securitization related documents (offering memorandums, servicing agreements, etc.)
- Product development – Collaborate with coverage teams to monitor market developments, reverse engineer structures, and innovate unique features to optimize financing goals of the issuer; understanding the implications of and solving for different regulatory, structural and market impacts
- Model and research development – Work to develop Intex and Excel financial models in support of transaction execution, rating agency interactions and investor dialogue. Work to identify areas of research that are critical to product development, credit enhancement within transactions, or investor education. Lead research projects, production of results and ensuring communications
- Communication – The ideal person is a self-starter who can work independently, but also pair seamlessly with internal and external stakeholders (including finance, sales and trading teams), structurers, legal counsel, rating agencies, accountants, and trustees. We expect that this professional will be a key part of our coverage team and will participate in and travel to meetings and client events
- Master’s degree or equivalent in Finance, Economics, Business, Math, Physics or a related quantitative field plus 3 years of Asset Backed Securities experience or related experience; OR Bachelor’s degree or equivalent in Finance, Economics, Business, Math, Physics or related quantitative field plus 5-7 years of Asset Backed Securities experience or related experience.
- Must have structured products experience and demonstrated knowledge of fixed income markets
- Must have demonstrated financial modeling skills to understand and develop deal structure and cash flow waterfall models for revolving and amortizing transactions
- Must have experience using Intex and Bloomberg.
- Must have experience evaluating/pricing asset-backed securities
- Must have demonstrated quantitative skills, including performing bond math
- Ability to communicate and work under tight timeframes with internal and external clients, including finance, trading, sales, structurers, legal counsel, rating agencies, accountants, and trustees
- Enthusiastic, proactive team player that will drive transactions and projects
The expected base salary for this New York, New York, United States-based position is $150000-$225000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here .
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., 2024. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity
Salary : $150,000 - $225,000
