Goldman Sachs Group, Inc.
Risk, Credit Risk, Vice President, Salt Lake City
Goldman Sachs Group, Inc., Salt Lake City, Utah, United States, 84193
Global Risk
The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.
Job Summary & Responsibilities
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
Credit Risk ("CR") is a central part of the Goldman Sachs risk management framework, with primary responsibility for assessing, monitoring and managing credit risk at the Firm. CR is staffed globally with offices including New York, London, Frankfurt, Salt Lake City, Hong Kong, Warsaw 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.
We partner with other divisions in the firm and externally with clients to support the firm's wide array of banking and trading business. CR professionals are part of the value proposition of the firm, and we balance our key functional responsibility of control with that of being commercial. CR has strong traditions of risk management, client service excellence and career development opportunities for our people.
Key Responsibilities
Approve counterparty research reviews and internal credit ratings analysis conducted by analysts. Analysis is expected to include:
Assessment of industry fundamentals, financial strengths, and qualitative factors supporting counterparties' creditworthiness
Financial models to assess the counterparties' ability to service its debt through cash flow projections
Analysis of performance relative to budget and/or underwriting expectations, as well as adherence to covenants
Analyze all credit facilities of the portfolio counterparties and recommend Regulatory Risk Ratings
Present findings and recommendations to senior leadership and answer questions relating to analysis performed; escalate issues to CR senior management
Lead efforts to produce ongoing surveillance and prepare portfolio observations for senior management
Update and maintain existing internal rating methodology
Ensure compliance with Credit Risk policy and procedures, and recommend adjustments as needed
Provide both industry specific training and review process training to new hires and junior analysts
Opportunity to work on an industry team such as consumer, retail, healthcare, diversified industrials, technology, media and telecommunications.
Other key responsibilities include:
Coordinate with global colleagues in GS Risk teams as well as with other divisions, including Investment Banking, Asset Management, Controllers, and Operations
Support key Risk governance and approval committees
Participate in regulatory examinations
Basic Qualifications
Bachelor's Degree (US or foreign equivalent) in Business Administration, Finance, or a related field
Five (5) years of experience in the job offered or a related role.
Preferred Qualifications
Experience in financial models including, but not limited to, future projections, valuation methods (such as DCF, Multiple based approach)
Experience in presenting and defending research reports and findings to colleagues, senior management and internal stakeholders
Experience in team environment, including experience providing training to junior colleagues and peers
Highly motivated with strong academic background
Strong analytical and communication skills, both oral and written
Team player with an ability to work effectively with colleagues in other regional offices
Flexibility, ability to learn quickly
Strong organizational skills and the ability to manage multiple assignments concurrently
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The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.
Job Summary & Responsibilities
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
Credit Risk ("CR") is a central part of the Goldman Sachs risk management framework, with primary responsibility for assessing, monitoring and managing credit risk at the Firm. CR is staffed globally with offices including New York, London, Frankfurt, Salt Lake City, Hong Kong, Warsaw 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.
We partner with other divisions in the firm and externally with clients to support the firm's wide array of banking and trading business. CR professionals are part of the value proposition of the firm, and we balance our key functional responsibility of control with that of being commercial. CR has strong traditions of risk management, client service excellence and career development opportunities for our people.
Key Responsibilities
Approve counterparty research reviews and internal credit ratings analysis conducted by analysts. Analysis is expected to include:
Assessment of industry fundamentals, financial strengths, and qualitative factors supporting counterparties' creditworthiness
Financial models to assess the counterparties' ability to service its debt through cash flow projections
Analysis of performance relative to budget and/or underwriting expectations, as well as adherence to covenants
Analyze all credit facilities of the portfolio counterparties and recommend Regulatory Risk Ratings
Present findings and recommendations to senior leadership and answer questions relating to analysis performed; escalate issues to CR senior management
Lead efforts to produce ongoing surveillance and prepare portfolio observations for senior management
Update and maintain existing internal rating methodology
Ensure compliance with Credit Risk policy and procedures, and recommend adjustments as needed
Provide both industry specific training and review process training to new hires and junior analysts
Opportunity to work on an industry team such as consumer, retail, healthcare, diversified industrials, technology, media and telecommunications.
Other key responsibilities include:
Coordinate with global colleagues in GS Risk teams as well as with other divisions, including Investment Banking, Asset Management, Controllers, and Operations
Support key Risk governance and approval committees
Participate in regulatory examinations
Basic Qualifications
Bachelor's Degree (US or foreign equivalent) in Business Administration, Finance, or a related field
Five (5) years of experience in the job offered or a related role.
Preferred Qualifications
Experience in financial models including, but not limited to, future projections, valuation methods (such as DCF, Multiple based approach)
Experience in presenting and defending research reports and findings to colleagues, senior management and internal stakeholders
Experience in team environment, including experience providing training to junior colleagues and peers
Highly motivated with strong academic background
Strong analytical and communication skills, both oral and written
Team player with an ability to work effectively with colleagues in other regional offices
Flexibility, ability to learn quickly
Strong organizational skills and the ability to manage multiple assignments concurrently
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