What are the responsibilities and job description for the Global Banking & Markets, Loan Management, Trade Analytics, Associate - Dallas position at The Goldman Sachs Group?
GLOBAL MARKETS
Our core value is building strong relationships with our institutional clients, which include corporations, financial service providers, and fund managers. We help them buy and sell financial products on exchanges around the world, raise funding, and manage risk. This is a dynamic, entrepreneurial team with a passion for the markets, with individuals who thrive in fast-paced, changing environments and are energized by a bustling trading floor.
The Loan Management team is a business unit within the Global Market's division, primarily supporting the Mortgage Loan Trading and Structured Finance desks. The team is a multi-faceted diligence and asset management platform specializing in whole loan acquisition, sales, securitizations, and financing opportunities. The Loan Management team has product expertise across mortgages, consumer loans, real estate and warehouse financing.
Loan Management is seeking a motivated professional to support Global Market's Mortgage Loan Trading and Banking trades. The successful candidate will be responsible for the analysis of performing and non-performing loan acquisitions, sales, securitizations, P&L reporting, and back-testing.
Responsibilities
- Work with the trading desk on various stages of potential non-performing, re-performing loan and new originations bids (NPL/RPL/ New Origination)
- Analyze deal pricing, stratify pools, determine market representative modeling assumptions to produce bid packets and investment memos
- Conduct quantitative analysis to identify key drivers of portfolio performance and recommend actionable strategies to portfolio asset managers and senior traders
- Interact with the Mortgage Banking team on deal securitizations to analyze bond ratings for Fitch, Milan and Levels
- Work with the desk on monthly collateral pricing and marking of residential mortgage warehouse positions
- Collaborate with transaction managers and due diligence teams to ensure all post-bid activities data related to final settlement of awarded bids are accurately reflected in the systems
- Produce detailed monthly reports on P&L, returns, cash flows and collateral performance to drive best in class execution of loan portfolio across desks
- Conduct a periodic model back-testing on the existing portfolio and recommend modeling assumptions adjustments to the trading desk
- Collaborate across internal teams (Data Management, Operations, Technology, and Modeling) to ensure the quality of data, accurate cash processing, and validate modeling assumptions
Qualifications
- Strong Academic Background - Math, Finance, or Engineering
- Technical skills including SQL, Python and Tableau, advanced Excel
- Strong interest in markets especially structured finance, credit trading and bond markets
- Comfortable working under tight deadlines, and extended hours as per changing credit market dynamics
- Superior analytical skills and attention to detail
- Strong communication skills (clear, concise, and confident) with the ability to manage internal and external relationships
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
The Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.
