What are the responsibilities and job description for the Risk-SALT LAKE CITY-Associate-Credit Risk position at Goldman Sachs?
MORE ABOUT THIS JOB :
Goldman Sachs Firm Overview
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 high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
Divisional Overview
The Risk Division is a team of specialists charged with managing the firms credit, market, liquidity, and operational risk. Whether assessing the creditworthiness of the firms counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firms success. The division is ideal for collaborative individuals who have strong ethics and attention to detail. https : / / www.goldmansachs.com / careers / divisions / risk / index.html
Credit Risk (CR) is responsible for managing the firms 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 firms risk appetite. Staffed with more than 300 professionals, CR operates through 11 different offices around the world and 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.
RESPONSIBILITIES AND QUALIFICATIONS :
Responsibilities
In this role you will :
- Work with senior credit professionals to determine the Firms risk appetite to lending counterparties on both a name-by-name and portfolio basis
- Underwrite corporate lending and derivative transactions, and conduct in-depth counterparty analysis including reviewing financial performance, capital structures, macro and industry fundamentals, and other qualitative factors
- Discuss transactions with Investment Banking and Asset Management teams to understand and explain key credit risk issues
- Draft transaction memoranda supporting Credit Risk recommendations
- Participate in lending and trade risk approval discussions
- Develop a thorough understanding of the Firms lending activities and key fundamentals of credit underwriting including financial modeling / projections
- Identify and escalate transaction, counterparty, portfolio-level risk issues to CR senior management
- Monitor the performance of counterparties in the portfolio, including adherence to underwriting projections and terms, and help formulate risk-mitigating strategies as necessary
- Develop and manage relationships with other areas of the Firm, including Investment Banking / Capital Markets, Sales & Trading, among others
- You will have the opportunity to work on an industry team such as consumer, retail, healthcare, diversified industrials, technology, media and telecommunications.
Qualifications
ABOUT GOLDMAN SACHS :
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.
Were 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., 2020. All rights reserved.
Goldman Sachs is an equal employment / affirmative action employer Female / Minority / Disability / Veteran / Sexual Orientation / Gender Identity
