• Operations - Banking Investing Lending - Loan Servicing - Analyst - Dallas

    Location(s) US-TX-Dallas
    Job ID
    2019-55512
    Schedule Type
    Full Time
    Level
    Analyst
    Function(s)
    General
    Region
    Americas
    Division
    Operations
    Business Unit
    Loan Servicing
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    OPERATIONS

    Operations is a dynamic, multi-faceted division that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.

     

     

    Operations span all product lines and markets, serving as internal business partners who develop the processes and controls, and help to specify the systems that deliver accuracy, timeliness and integrity to our business.  

    RESPONSIBILITIES AND QUALIFICATIONS

    YOUR IMPACT

    The Warehouse Team within Loan Operations is responsible for ensuring efficient and accurate transaction processing across a broad range of products. Generally, the products supported are complex instruments that require close alignment with the business. A key focus for the organization is establishing strong risk management procedures and controls to ensure the firm and our clients are properly protected. The Warehouse Team is at the forefront of shaping and driving change in the industry with the ultimate aim of delivering greater accuracy, control and efficiency for our clients and our business.

     

    The functional processes managed by Warehouse Team are primarily aligned with a structured finance loan’s life cycle: from the initial commitment to the loan, booking of trade and settlement; through funding, scheduled payment, and paydown; from the creation to the reconciliation of borrowing base and concentration limits; as well as the ongoing management of information related to each loan or portfolio of loans. 

     

    The role provides a fantastic opportunity to work with colleagues across multiple Revenue Desks, Operations, Controllers, Legal, Credit, Compliance, Technology and Treasury to ensure that we provide excellent client service to our wide client base. We are currently looking for someone to join the Servicing team and that individual will have the following responsibilities:

     

    HOW TO FULFILL YOUR POTENTIAL

    • Support the Residential Mortgage Trading, Commercial Real Estate, Structured Loan business through the back-office servicing of a portfolio of warehouse/structured finance, par or distressed loan positions.
    • Process all loan related asset servicing: borrowings, repayments, rollovers, conversions, commitment reductions.
    • Investigate and resolve transactional issues.
    • Settle and book Loan Trades
    • Review daily exception reporting and resolve any outstanding items pertaining to assigned portfolio.
    • Communicate with external counterparties which may include Agent banks, borrowers and lenders daily regarding loan activity.
    • Communicate closely with internal counterparties such as Revenue Desk, Legal, Compliance, Controllers, etc…
    • Perform other duties as assigned

     

    SKILLS & EXPERIENCE WE’RE LOOKING FOR

    Basic Qualifications

    • Bachelor's degree with a minimum of one to three years of experience in financial services
    • Proficiency using the Microsoft Office Suite in particular Excel, PowerPoint and Microsoft Word
    • Cash/Wire reconciliation experience

     

    Preferred Qualifications

    • Warehouse/Commercial/Structured Finance Loan experience
    • Accounting experience
    • Excellent communication and client service skills
    • Strong organizational and analytical skills
    • Ability to work in fast paced environment; need to think and make sound decisions quickly
    • Effective reading comprehension interpreting legal and compliance materials
    • Fast learner with a proactive approach

    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., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.