Global Banking

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 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. Goldman Sachs is a leading mortgage origination, sales and trading franchise globally, covering the entire breadth of market participants and products. The Residential Structured Finance business mandate includes originating and executing a variety of residential mortgage transactions, such as securitizations on behalf of clients as well as Goldman Sachs, advisory assignments, warehouse and term financing, and whole loan principalling, across the spectrum of products, including non-performing and re-performing loans, prime jumbo loans, investor loans, single family rental, manufactured housing, seconds, HELOCs, and mortgage servicing rights.

Scope of Role:

• Structuring - Structure securitizations across non-agency and non-traditional collateral sectors on both principal and third party transactions. Modeling and tie-out with accounting firms and / or third party issuers
• Documentation - Prepare term sheets and check deal structure in securitization related documents (pooling and servicing agreements, prospectus supplements etc.)
• Product development – Collaborate to monitor market developments, reverse engineer structures in the market, and devise novel and unique features to optimize financing; understanding the implication of and solving regulatory, structural and market challenges
• Model and research development – Work to develop Excel financial models in support of transaction execution, rating agency interactions and investor dialogue.
• Work to identify areas of research that are critical to product development, risk measurement within transactions, or investor education.
• Lead research projects, production of results and ensuring communications
• Communication – Ability to interact with internal and external clients (including finance, sales and trading teams), structurers, legal counsel, rating agencies, accountants, and trustees.
• We expect that this professional will be a key part of our client franchise and will participate in and travel to meetings and client events
• Minimum education and experience required:
• Master's degree or equivalent in Finance, Economics, Business, Math, Physics or a related quantitative field plus 2 years of non-agency Residential Mortgage-Backed Securities experience or related experience; OR Bachelor's degree or equivalent in Finance, Economics, Business, Math, Physics or related quantitative field plus 3-5 years of non-agency Residential Mortgage-Backed Securities experience or related experience.
• Qualifications Skills required:
• Must have structured products experience and demonstrated knowledge of fixed income markets
• Must have demonstrated financial modeling skills to understand and develop deal structure and cash flow waterfall models for revolving and amortizing transactions
• Must have experience using Intex Dealmaker, Intex Calc, and Bloomberg.
• Must have experience evaluating/pricing non-agency mortgage-backed securities
• Must have demonstrated quantitative skills, including performing bond math
• Must have demonstrated IT skills including experience with Microsoft Excel and VBA programming
• Ability to communicate and work under tight timeframes with internal and external clients, including finance, trading, sales, structurers, legal counsel, rating agencies, accountants, and trustees
• Enthusiastic, proactive team player that will drive transactions and projects

Salary Range

The expected base salary for this New York, New York, United States-based position is $150000-$ In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits

Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.

We Offer Best-In-Class Benefits

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

Holiday & Vacation Policies

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees' priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.

Opportunity Overview
CORPORATE TITLE
Vice President
OFFICE LOCATION(S)
New York
JOB FUNCTION
Trading
DIVISION
Global Banking & Markets
SALARY RANGE
USD 150, ,000