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Credit Risk Management, Corporate Credit Risk, Associate/Vice President
Goldman Sachs
New York, NY, United States
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Job Summary & Responsibilities
Credit Risk Management & Advisory (CRMA) is responsible for assessing, monitoring and managing credit risk at the firm. CRMA, which is staffed globally with offices in New York, London, Hong Kong, Tokyo, Salt Lake City and other major financial centers, is independent of the Business Units and reports to the Firm’s Chief Risk Officer and Chief Financial Officer. CRMA leverages its extensive expertise in financial, credit and risk analysis to provide astute and objective judgments to the firm and its clients, in either a transactional or advisory capacity.
Since CRMA has been structured to work closely with almost every division of the firm, its professionals gain diverse financial experience and a broad perspective on how the firm functions as a whole. Its unique position keeps CRMA at the forefront of the firm's strategic developments, and the interaction with numerous divisions.
One of the key responsibilities of the group is managing credit risk of the firm’s growing lending and derivative exposure to corporates.
RESPONSIBILITIES
• Assess the credit and financial strength of the firm's corporate borrowers and counterparts by performing fundamental credit analysis of counterparties using both quantitative and qualitative factors
• Review and approve loan transactions, determine appetite and regulatory ratings, monitor credit trends in the portfolio, perform distressed analysis and estimate potential impairments
• Analyze the credit implications on corporate clients of various financial transactions including debt, equity and hybrid offerings, mergers and acquisitions, restructuring and share repurchases
• Coordinate with Investment Banking/Financing group, Sales & Trading, Legal, Operations and Compliance departments to approve derivatives business and ensure appropriate documentation, limits and risk mitigants to protect against a counterpart default and minimize potential losses
• Analyze the risks inherent in the products GS transacts, including lending, trading and derivative products
• Perform sector analysis regularly in order to assess portfolio concentration or trends
• Monitor, manage and report exposures at a counterpart, product and portfolio level
Basic Qualifications
• Minimum of 5 years of credit risk management experience, with a background in corporate credit risk
• Significant experience in investment banking products including loan products and derivatives
• Demonstrable track record of independent decision making and the ability to steer client and business negotiations
• Strong familiarity with regulatory rating requirements and application of such guidance
• Strong documentation (loan and/or derivatives), analytical, presentational and communication skills required
• Must be able to lead and motivate engaged and diverse deal team, providing guidance to and supervision of junior members of the team
• Must be able to communicate at the most senior levels