Job Description

RISK

The Risk Division is a team of specialists charged with managing the firm’s credit, market, liquidity, operational and capital risk. Whether assessing the creditworthiness of the firm’s counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firm’s success. The division is ideal for collaborative individuals who have strong ethics and attention to detail.

CREDIT RISK MANAGEMENT

Credit Risk Management CRM) is a central part of the Goldman Sachs risk management framework, with primary responsibility for assessing, monitoring and managing credit risk at the Firm. CRM is staffed globally with offices including New York, London, Frankfurt, Salt Lake City, Singapore, Hong Kong and Tokyo. 

As a member of CRM you will interface with a variety of divisions around the firm (Legal, Compliance, Operations, etc.) as well as the other regional CRM offices. The interaction with numerous departments and the diverse projects that ensue allow for a challenging, varied and multi-dimensional work environment. We partner with other divisions in the firm and externally with clients to support the firm's wide array of banking and trading business. CRM professionals are part of the value proposition of the firm and we balance our key functional responsibility of control with that of being commercial. CRM has strong traditions of risk management, client service excellence and career development opportunities for our people. 

RESPONSIBILITIES

• Assess the credit and financial strength of the firm's Financial Institution and CCP counterparts by performing fundamental credit analysis of both quantitative and qualitative credit factors
• Review and approve derivative, funding and lending transactions while ensuring appropriate documentation and risk mitigants to protect against default and minimize potential losses
• Coordinate with Sales & Trading, Investment Banking/Capital Markets, Legal and Operations departments to review business and ensure appropriate documentation, limits and risk mitigants
• Perform credit underwriting of lending transactions, contributing credit recommendations and support to the firm’s capital committee approval process
• Represent credit views in risk committees and present findings and recommendations to senior management
• Proactively monitor and assess counterparts and industry subsectors and report relevant information and its impact to senior management in a timely manner
• Develop and manage relationships with colleagues from the broader risk division as well as with other areas of the firm
• Represent credit views in risk committees
• Support the build out of the local entity including counterparty migration process, committee reporting and regulatory projects
• Interact with regulators as part of the ongoing supervision process

SKILLS & EXPERIENCE REQUIRED

• Minimum of 7 years of relevant experience covering Financial Institutions, either in a counterparty credit risk management role (preferred), fixed income research or other credit analyst role
• In depth knowledge of banks, CCPs, broker-dealers, finance companies, insurers
• Knowledge of derivatives, funding, and lending products and related trading and lending documentation is preferrable (i.e., ISDA/CSA, MRA, credit agreements)
• Familiarity with regulatory risk rating requirements and application of such guidance
• Experience leading due diligence discussions with company senior management teams
• Demonstrable track record of independent decision making and the ability to steer client and business negotiations to successful outcomes
• Strong written and oral communication and presentational skills in English
• Experience in presenting and defending credit work and findings to credit colleagues, senior management and other internal stakeholders
• Must be able to lead and motivate an engaged and diverse team of credit professionals, providing guidance to and supervision of junior team members
• 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., 2021. All rights reserved.

Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

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