What are the responsibilities and job description for the Risk, Credit Risk, Analyst, Salt Lake City position at Goldman Sachs?
Job Description
Divisional Overview
The Risk Division is charged with managing the firm’s credit, market, liquidity, and operational risk. Whether assessing the creditworthiness of the firm’s counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance oversight, our work contributes directly to the firm’s success. The division is ideal for collaborative individuals who enjoy an environment that fosters constant learning, are interested in supporting growth of the Firms many business activities and have strong personal ethics and attention to detail.
Department Overview
Credit Risk is responsible for opining on and managing trading & lending activities as well as evaluating/monitoring the financial health of the Firm’s many clients. Credit professionals work closely with many areas of the firm and gain diverse financial expertise as well as broad perspective on how the entire firm functions. The interaction with numerous departments and the range of projects that ensue allow for a varied and multi-dimensional work environment.
Credit Research Group (CRG) Corporates Team Overview
The CRG Corporates Team is responsible for (i) the ongoing surveillance and monitoring of counterparties across the corporate sector, including Consumer Retail and Healthcare (CRH), Technology Media and Telecommunications (TMT), and Diversified Industrials (DI), (ii) synthesizing reports to senior management and Portfolio teams, and (iii) actioning internal and regulatory risk rating changes.
Key Responsibilities
Divisional Overview
The Risk Division is charged with managing the firm’s credit, market, liquidity, and operational risk. Whether assessing the creditworthiness of the firm’s counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance oversight, our work contributes directly to the firm’s success. The division is ideal for collaborative individuals who enjoy an environment that fosters constant learning, are interested in supporting growth of the Firms many business activities and have strong personal ethics and attention to detail.
Department Overview
Credit Risk is responsible for opining on and managing trading & lending activities as well as evaluating/monitoring the financial health of the Firm’s many clients. Credit professionals work closely with many areas of the firm and gain diverse financial expertise as well as broad perspective on how the entire firm functions. The interaction with numerous departments and the range of projects that ensue allow for a varied and multi-dimensional work environment.
Credit Research Group (CRG) Corporates Team Overview
The CRG Corporates Team is responsible for (i) the ongoing surveillance and monitoring of counterparties across the corporate sector, including Consumer Retail and Healthcare (CRH), Technology Media and Telecommunications (TMT), and Diversified Industrials (DI), (ii) synthesizing reports to senior management and Portfolio teams, and (iii) actioning internal and regulatory risk rating changes.
Key Responsibilities
- Conduct counterparty analysis covering industry-level and company-specific quantitative and qualitative factors to assess creditworthiness and recommend internal credit ratings and regulatory risk ratings
- Develop a thorough understanding of counterparty financial disclosures and transaction memoranda
- Develop and maintain financial models to assess counterparties’ ability to service debt through cash flow projections
- Identify and escalate notable industry and performance trends and recommend appropriate action
- Monitor the performance of counterparties in the portfolio, including adherence to covenants and analyzing the counterparties’ performance relative to budget and underwriting expectations
- Coordinate with global colleagues in GS Risk teams as well as with other divisions, including Investment Banking, Asset Management, Controllers, and Operations
- Support key Risk governance and approval committees
- Prepare and submit in-depth analysis supporting counterparty ratings for Federal regulatory examinations
- Bachelor’s degree and 1-3 years of prior work experience in a relevant field
- Proficient to advanced skills with MS Office (Excel, PowerPoint, Word, Outlook)
- Desire and willingness to learn coding languages such as SQL, Python, etc. and a comfort with data analytics
- Strong analytical, presentational, organizational and communication skills required
- Judgment and Problem Solving - Anticipates questions, plans for contingencies, finds alternative solutions, and identifies clear objectives. Sees the big picture and effectively analyzes complex issues
- Drive and Motivation - Works intensely towards challenging goals, persisting through obstacles or setbacks
- Functional Expertise - Keeps up to date with emerging industry trends and to the restructuring landscape
- Teamwork – Gives evidence of being a strong team player and collaborates with others across teams
- 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
- 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
- Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions
- 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
- Influencing Outcomes – Develop the ability to present sound, persuasive rationale for ideas or opinions
