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 - PRIVATE WEALTH MANAGEMENT
Credit Risk works closely with the CRO / senior management to manage Goldman Sachs’ credit risk. Credit professionals protect the firm’s capital by using in-depth knowledge of our clients, markets, and trading products to make decisions on acceptable level of firm’s risk appetite. Staffed with 300 professionals, Credit Risk operates through 11 different offices around the world. Credit Risk provides a unique opportunity to develop a variety of professional skills and expertise in risk management while working on financial transactions.
THE ROLE & RESPONSIBILITIES
We are looking for a highly motivated individual who is able to deliver credit risk analysis on the firm’s private client borrowers and risk counterparts on the basis of a thorough understanding of credit fundamentals, of leveraged capital structures and of risks associated with lending and derivatives products. You will be responsible, from a Credit Risk standpoint, for a portfolio of private client across EMEA, and you will be expected to manage it on the basis of a deep understanding of credit fundamentals, market trends, impact of changing regulation requirements and risks associated with lending and derivatives products transactions.
- Assess the credit and financial strength of the firm's private client borrowers and risk counterparts by performing fundamental credit analysis using both quantitative and qualitative factors.
- Review private client lending transactions, determine fit with risk appetite and approve counterparty risk ratings, having developed an independent view of financial information, collateral terms and key documentation protections proposed.
- Support senior credit team members in the review and escalation of large lending transactions including through to capital committee. Participate in business selection committee meetings.
- Co-ordinate closely with junior team members on transactions, client margin terms, product risk analysis and new policy & product initiatives.
- Coordinate with PWM business teams, PWM legal, Operations, Compliance departments to approve derivatives business, margin terms, approve exceptions and ensure appropriate documentation, limits and risk mitigants to protect against a counterpart default and minimize potential losses.
- Analyse the risks inherent in the products GS transacts, including lending, trading and derivative products.
- Perform regular portfolio reviews and industry exposure reviews.
EXPERIENCE & SKILLS REQUIRED
- Minimum of 8 years of credit risk management experience, with a solid background in private client credit risk.
- Significant experience in private banking/private client credit products including margin lending, mortgages, structured loans and derivatives.
- Demonstrable track record of independent decision making and the ability to steer client and business negotiations.
- Strong legal documentation (loan and/or derivatives), analytical, presentational and communication skills required.
- Must be able to lead and motivate an engaged and diverse deal team, providing guidance to and supervision of junior members of the team.
- Must be able to communicate with the most senior levels within GS, both inside & outside of Credit risk.
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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