Realty Management Division - Residential Mortgage Asset Management, Trades Analytics, Analyst/Associate - Irving, TX

US-TX-Irving
Job ID
2017-24629
Schedule Type
Full Time
Level
Analyst
Function(s)
Real Estate
Americas
Division
Realty Management Division
Resi Mortgage Asset Mgmt
Employment Type
Employee

MORE ABOUT THIS JOB

Divisional Overview

Residential Mortgages Asset Management (RMAM) is a business unit within the Realty Management Division (RMD) primarily supporting the Securities division’s Mortgage Loan Trading and Investment Banking’s Structured Finance desks.  RMAM is responsible for directing due diligence (at both the deal and asset levels) and analytics for the acquisitions, sales and securitizations of residential loan portfolios, and ensuring completion of transaction closing requirements.  Post trade RMAM is responsible for the Asset management and facilitation of the portfolio’s strategies and portfolio performance reporting.

Role Overview

Goldman Sachs & Co, located in Irving TX, is seeking an Associate/ Analyst to support Residential Mortgage Asset Management, Securities Division’s Mortgage Loan Trading and Banking groups.  The successful candidate will be responsible for the analysis of performing and non-performing loan acquisitions, sales, securitizations, P&L reporting, and back-testing.

RESPONSIBILITIES AND QUALIFICATIONS

Responsibilities

  • Work with the trading desk on various stages of potential non-performing and re-performing loan bids (NPL/RPL), normalize and load loan level data into internal databases, analyze and stratify pools, determine appropriate modeling assumptions, run analytics and produce bid packets and investment committee memos
  • Interact with the Mortgage Banking team on RPL securitizations to produce analytics, schedules for the governing documents, accurate loan level data, and work with transaction managers on diligence items
  • Learn the methodology and mechanics of internal loan level pricing models and value potential acquisitions and existing portfolio
  • Collaborate with transaction managers and due diligence teams to ensure all post-bid activities related to final settlement of awarded bids are accurately reflected in the systems
  • Produce detailed monthly reports on P&L, returns, cashflows and collateral performance of the loan portfolio across multiple portfolios
  • Provide thoughtful monthly quantitative analysis on the key drivers of portfolio performance and recommend actionable strategies to asset managers and the trading desk
  • Conduct a periodic model back-testing on the existing portfolio and recommend modeling assumptions adjustments to the trading desk
  • Familiarize with internal ALM funding and rate hedge strategies for the portfolio.
  • Collaborate across internal teams (Data Management, Operations, Technology, and Modeling) to ensure the quality of data, accurate cash processing, and validate modeling assumptions
  • Work with Financial Controllers to ensure firm accounting systems reflect the trading desk P&L expectations, reserves and reconcile variances when required

 

 

 

 

Qualifications

  • Strong Academic Background - 4 year related Finance, Accounting, Math, or Engineering with a min 3.2 GPA
  • Superior analytical skills and attention to detail
  • Strong communication skills (clear, concise, and confident) with the ability to manage internal and external relationships
  • Must know or be able to learn Microsoft Excel at an advanced level
  • Experience working with large sets of data a plus
  • Technical Skills including SQL, Tableau a plus
  • Ability to work under tight time constraints and extended hours as required
  • Mortgage banking or other Financial Industry experience preferred

ABOUT GOLDMAN SACHS

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.


© The Goldman Sachs Group, Inc., 2017. All rights reserved
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.