• Securities Division, Loan Management, Trade Post Settlement Coordination, Associate/ Analyst- Dallas

    Location(s) US-TX-Dallas
    Job ID
    2020-59716
    Schedule Type
    Full Time
    Level
    Analyst
    Function(s)
    General
    Region
    Americas
    Division
    Securities
    Business Unit
    Loan Management
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    SECURITIES

    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 on exchanges 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.

    RESPONSIBILITIES AND QUALIFICATIONS

    The Loan Management team is a business unit within the Securities division, primarily supporting the Mortgage Loan Trading and Structured Finance desks.  The team is a multi-faceted diligence and asset management platform specializing in whole loan acquisition, sales, securitizations, and financing opportunities. The Loan Management team has product expertise across mortgages, consumer loans, real estate and warehouse financing.

    Core Responsibilities:

    • Coordination and tracking of post trade settlement contractual obligations
    • Analysis and tracking within proprietary databases of curative efforts, supporting documentation, responsible party, obligation timelines, repurchase referral, internal decisioning, and exception statuses
    • Coordinate and reconcile counterparty obligations with internal Transaction Managers, Asset Managers and external servicers to ensure timely delivery of trailing post settlement exceptions
    • Mitigate post trade settlement risk

    RESPONSIBILITIES AND QUALIFICATIONS

    Loan Management is seeking an Analyst | Associate that will assist Transaction Management in facilitating post settlement execution of client contractual obligations (at both the deal and asset levels) of residential whole loan acquisitions. The Analyst | Associate will ensure completion of post-closing requirements and adhere to departmental, divisional and Firmwide policies.

     

    Responsibilities include:

    • Collaborate with Transaction Manager(s),Trading Desk on contractual obligations and agreed upon post-settlement exceptions and timelines (inclusive of determining responsibility and preparing data files and materials for third-party partners and clients)
    • Work closely with the internal Loan Management teams to identify and document exceptions, responses and decisions. In addition to assisting with determining resolutions/potential cures
    • Ensure cure efforts meet agreed upon timelines and collaborate with repurchase team to properly and timely demand counterparties where applicable
    • Assist to maintain accurate database information, reporting of loan level conditions, exceptions and data reconciliation to maintain data integrity
    • Support tie-out of final curative processes, documentation and applicable checklist(s)
    • Assist in updating departmental procedures and process documentation

    Qualifications:

    • Minimum 1-3 years in residential mortgage industry experience, with a familiarity of various mortgage products pertaining to residential mortgage assets
    • Possess excellent time management and organizational skills with a keen eye toward attention to detail
    • Must have ability to function in a fast-paced environment, manage deadlines
    • Ability to organize, analyze and interpret legal and compliance related materials
    • Outstanding initiative, excellent communication and presentation skills (both verbal and written)
    • Strong self-confidence, good judgment, and sound problem solving skills
    • Experience in coordinating internal/external clients, third-party vendor partners, other departmental and divisional teams, and senior managers
    • Advanced proficiencies in MS Excel, SQL proficiency a plus
    • Capital Markets experience a plus; knowledge and experience of whole loan bulk and conduit residential loan acquisitions and sales

    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., 2020. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.