Goldman Sachs
The Risk Division is a team of specialists charged with managing the firm’s credit, market, liquidity, and operational risk. 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. https://www.goldmansachs.com/careers/divisions/risk/index.html
Business Unit Overview
Credit Review complements the Firm’s independent risk-management infrastructure through the independent review and ongoing monitoring of the quality of the Retail and Wholesale portfolios. Credit Review also evaluates Credit Risk’s ratings, processes, and methodologies. The group reports to the Chief Risk Officer (CRO) and its function is independent of Credit Risk’s processes.
Role Overview
We are currently seeking an outstanding candidate responsible for providing timely and effective review and challenge to retail credit portfolios, including but not limited to credit cards, consumer loans, residential mortgages, and lines of credit. The candidate will assist Credit Review team members in performing independent risk assessments of the quality of underwriting and effectiveness of risk management for retail credit exposure.
Responsbilities
The Credit Review Associate will be part of a dynamic team responsible for providing objective assessments on the quality of retail underwriting and credit risk management. The team’s specific responsibilities include ensuring that there is timely recognition of any potential weaknesses in the retail credit portfolio, monitoring adherence to policies and procedures, and challenging underwriting criteria.
Execute a risk-based annual Retail Credit Review plan and continuous monitoring program
Assess the level of credit risk and the quality of credit risk management practices
Identify potential credit risks, assess the impact of those risks, and determine the root cause
Lead credit reviews, prepare reports and conduct meetings with the Business and Credit Risk, as applicable
Use tools and techniques, including sampling and transactional testing, to effectively identify and assess adherence to credit policies as well as weaknesses in underwriting
Conduct portfolio monitoring and segment analysis (e.g., product, vintage, score band, or delinquencies) through the use of data analysis tools such as SQL and Tableau
Ensure reviews and portfolio monitoring are completed within established timelines and in accordance with Credit Review policies
Produce quantitative analysis and qualitative commentaries for Credit Risk, Firm, and Bank management
Evaluate Credit Risk Policies to assess that the appropriate controls are in place to effectively manage credit risk and monitor adherence to approved policies
Participate in ad-hoc and special projects, as applicable
Qualifications
Bachelor’s degree and 5+ years of work experience in retail credit review, retail credit analysis, credit scoring and/or retail credit research
Extensive knowledge of consumer/retail products and portfolios including unsecured loans and credit cards
Experience with retail credit/loan review or internal audit processes
Experience with acquisition, account management and Collection processes
Knowledge of retail credit regulations and guidance
Functional background or relevant experience in finance and accounting
Knowledge of retail lending products and understanding of credit/loan documentation
Strong Excel skills and experience using data analysis tools such as SQL, SAS, Python, Tableau (or similar)
Strong analytical, project management and communication skills; familiarity with credit score distributions and portfolio segmentation analysis; credit loss forecasting; allowance for loan and lease losses and charge-off processes
Strong organizational skills and the ability to manage multiple assignments concurrently
Ability to work independently within a team structure
Flexibility, ability to learn quickly
Functional Expertise
- Ability to understand Goldman Sachs businesses and apply knowledge and critical thinking to the evaluation of credit risk management; keeps up to date with emerging business, economic, and market trends Technical Skills
- Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills Drive and Motivation
- Successfully manages multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks Client and Business Focus
- Effectively manages difficult requests, builds trusting, long-term relationships with internal/external constituents, and focuses on improving the Credit Review function Teamwork
– Demonstrates being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions Communication Skills
- Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with others Judgement and Problem solving
- Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions, and identifies clear objectives. Sees the big picture and effectively analyzes complex issues Creativity/Innovation
- Looks for new ways to improve current processes and develop creative solutions that have practical value Influencing Outcomes
- Presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences others' opinions and presents persuasive recommendations
ABOUT GOLDMAN SACHS At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers. We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity About the company
The Goldman Sachs Group, Inc., is an American multinational investment bank and financial services company headquartered in New York City. Notice
Talentify is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status. Talentify provides reasonable accommodations to qualified applicants with disabilities, including disabled veterans. Request assistance at accessibility@talentify.io or 407-000-0000. Federal law requires every new hire to complete Form I-9 and present proof of identity and U.S. work eligibility. An Automated Employment Decision Tool (AEDT) will score your job-related skills and responses. Bias-audit & data-use details: www.talentify.io/bias-audit-report . NYC applicants may request an alternative process or accommodation at aedt@talentify.io or 407-000-0000.
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- Ability to understand Goldman Sachs businesses and apply knowledge and critical thinking to the evaluation of credit risk management; keeps up to date with emerging business, economic, and market trends Technical Skills
- Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills Drive and Motivation
- Successfully manages multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks Client and Business Focus
- Effectively manages difficult requests, builds trusting, long-term relationships with internal/external constituents, and focuses on improving the Credit Review function Teamwork
– Demonstrates being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions Communication Skills
- Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with others Judgement and Problem solving
- Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions, and identifies clear objectives. Sees the big picture and effectively analyzes complex issues Creativity/Innovation
- Looks for new ways to improve current processes and develop creative solutions that have practical value Influencing Outcomes
- Presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences others' opinions and presents persuasive recommendations
ABOUT GOLDMAN SACHS At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers. We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity About the company
The Goldman Sachs Group, Inc., is an American multinational investment bank and financial services company headquartered in New York City. Notice
Talentify is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status. Talentify provides reasonable accommodations to qualified applicants with disabilities, including disabled veterans. Request assistance at accessibility@talentify.io or 407-000-0000. Federal law requires every new hire to complete Form I-9 and present proof of identity and U.S. work eligibility. An Automated Employment Decision Tool (AEDT) will score your job-related skills and responses. Bias-audit & data-use details: www.talentify.io/bias-audit-report . NYC applicants may request an alternative process or accommodation at aedt@talentify.io or 407-000-0000.
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