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Credit Risk Associate

2 months ago


Salt Lake, Utah, United States Goldman Sachs Full time

Position Overview:

As a key member of the Credit Risk team at Goldman Sachs, you will engage in critical assessments of the firm's credit exposure to various trading and lending counterparties. This role is designed for individuals who thrive in a collaborative environment and possess a keen attention to detail.

Company Overview:

Goldman Sachs is a premier global investment banking, securities, and investment management firm. Established in 1869, we are dedicated to providing a diverse range of financial services to a broad client base, including corporations, financial institutions, governments, and high-net-worth individuals.

Team Overview:

The Risk Division is responsible for managing the firm's credit, market, liquidity, and operational risks. Our Credit Risk (CR) team plays a vital role in ensuring that credit exposure is managed within the firm's risk appetite, leveraging extensive expertise in financial analysis and risk management.

Key Responsibilities:

  • Collaborate with senior credit professionals to assess the firm's risk appetite for lending counterparties.
  • Conduct thorough underwriting of corporate lending and derivative transactions, including detailed counterparty analysis.
  • Engage with Investment Banking and Asset Management teams to address key credit risk considerations.
  • Prepare transaction memoranda that support Credit Risk recommendations.
  • Participate in discussions regarding lending and trade risk approvals.
  • Gain a comprehensive understanding of the firm's lending activities and credit underwriting fundamentals.
  • Identify and escalate risk issues related to transactions and counterparties to senior management.
  • Monitor the performance of counterparties, ensuring adherence to underwriting projections and terms.
  • Foster relationships with various departments within the firm, including Investment Banking and Sales & Trading.
  • Contribute to industry-specific teams such as consumer, retail, healthcare, and technology.

Qualifications:

  • We seek candidates with strong academic backgrounds and a blend of analytical and communication skills.
  • Flexibility, effective time management, and a quick learning ability are essential in this dynamic environment.

About Goldman Sachs:

At Goldman Sachs, we are committed to empowering our people and fostering a culture of diversity and inclusion. We believe that the unique perspectives of our employees enhance our ability to serve our clients and communities effectively.

Goldman Sachs is an equal opportunity employer, dedicated to creating an inclusive environment for all employees.