Risk, Credit Risk

5 days ago

Salt Lake City UT United States Goldman Sachs Full time

Department Overview

Credit Risk (CR) is responsible for managing the firm’s 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 firm’s risk appetite. Staffed with more than 270 professionals, CR operates through 12 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.

Job Responsibilities

  • Assess the credit and financial strength of the firm's Financial Institution counterparts by performing fundamental credit analysis of both quantitative and qualitative credit factors.
  • Determine and manage the firm’s credit risk appetite across derivatives, loans, funding and deposits for a portfolio of Financial Institution counterparts.
  • Approve derivative and funding transactions while ensuring appropriate documentation and risk mitigants to protect against default and minimize potential losses.
  • Perform credit underwriting of lending transactions, contributing credit recommendations and support to the firm’s capital committee approval process.
  • Recommend and defend internal and regulatory risk ratings for counterparts/transactions as required.
  • Oversee and approve or perform counterparty research reviews and analysis of Financial Institution counterparts.
  • Present findings and recommendations to senior management and answer questions relating to analysis performed.
  • Proactively monitor and assess counterparts and industry subsectors including based on market indicators, regulatory guidance, rating agency commentary and counterparty surveillance and report relevant information and its impact to senior management in a timely manner.

Basic Qualifications

  • Minimum of 5 years of 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, BDCs, CDFIs, mortgage companies, insurers.
  • Knowledge of derivatives, funding, and lending products and related trading and lending documentation (i.e., ISDA/CSA, MRA, MSFTA, 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.
  • 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.
  • Bachelor’s degree in Business Administration, Finance, or a related field.

Competencies

  • Functional Expertise and Technical Skills – Demonstrates deep knowledge of financial markets, risk analysis and current risk management practices as well as strong technical skills required for the role. Values attention to details, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills.
  • 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.
  • Teamwork – Gives evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions.
  • Communication Skills - Communicates in a clear and concise manner, shares information/new ideas with peer group and team, while demonstrating judgment to escalate as appropriate.
  • Judgment and Problem Solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyzes complex issues.
  • Creativity and Influence - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value. Takes a position on issues and influences others' opinions by presenting persuasive recommendations.

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:

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.

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