Risk, Credit Risk Management Advisory (CRMA), Private Bank Lending Team, Associate/Vice President

Location(s) US-UT-Salt Lake City
Job ID
2017-39746
Schedule Type
Full Time
Level
Associate
Function(s)
Risk Management
Region
Americas
Division
Risk
Business Unit
Credit Risk Management
Employment Type
Employee

MORE ABOUT THIS JOB

RISK

 

The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.

 

OUR IMPACT

 

Do you have experience working in commercial loans? This is a small team working on large, interesting transactions for a broad spectrum of loan types. In this role, you will have the opportunity to work on loans for or high net worth clients.

 

We're a team of specialists charged with managing the firm’s liquidity, capital and risk, and providing the overall financial control and reporting functions. 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.

 

The Credit Risk Management & Advisory Department (“CRMA”) is a central part of the Goldman Sachs risk management framework, with primary responsibility for assessing, monitoring and managing credit risk at the Firm. CRMA is staffed globally with offices including New York, London, Frankfurt, Salt Lake City, Singapore, Sydney, Hong Kong and Tokyo. Understanding the credit quality of corporations, financial institutions and governments worldwide is an essential aspect of the firm’s ability to be an effective financial intermediary. Credit professionals with expertise in financial, credit and risk analysis work closely with many areas of the firm as well as clients in either an advisory or transactional capacity, offering a unique opportunity to gain a broad perspective on the activities of the Firm.

 

HOW YOU WILL FULFILL YOUR POTENTIAL

 

We are looking for someone to join our established PWM credit risk management team in Salt Lake City.  In this role, you will partner with colleagues in CRMA and the Investment Management Division’s Private Bank Lending team to help manage the firm’s growing private bank lending platform.

 

In this role, you will:

  • Provide comprehensive credit assessments of individuals and their related entities across a variety of transactions in the Private Wealth Management space and make judgments with regard to acceptable levels of risk to be taken with each
  • Approve transactions with counterparts across a wide variety of credit and derivative products and manage these risks within established tolerances
  • Evaluate the credit implications for transactions involving margin, securities based loans, commercial real estate loans, residential mortgages, unsecured loans, and other loans secured by non-liquid collateral (e.g. art, aviation)
  • Interface with regulators regarding policies, procedures, and examinations
  • Work closely with the Private Wealth Management (PWM) Investment Professionals and the Private Bank Lending team to advise clients on the best solutions to meet their immediate and long-term borrowing needs

RESPONSIBILITIES AND QUALIFICATIONS

SKILLS AND EXPERIENCE WE ARE LOOKING FOR

 

Basic Qualifications

  • Bachelor's degree
  • Minimum three years' work experience in financial analysis, preferably as a risk management professional in commercial lending
  • Relevant work experience includes private bank lending, credit risk management, market risk analytics and corporate finance
  • Detailed knowledge of financial accounting and analysis, financial and risk modeling, loan structuring, and risk decision making

Preferred Qualifications

  • Relevant advanced degree preferred (e.g. CFA or MBA)
  • Strong leadership skills
  • Strong oral and written communications skills and client orientation
  • Flexible, personable, confident, self-motivated, team player

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., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.