Goldman Sachs Bank AG
Global Banking & Markets – Capital Solutions Group - Residential Structured Fina
Goldman Sachs Bank AG, New York, New York, us, 10261
Overview
Global Banking & Markets – Capital Solutions Group - Residential Structured Finance - Associate - New York location_on New York, New York, United States The Capital Solutions Group at Goldman Sachs brings together our financing, origination, structuring, distribution, and risk management capabilities across public and private markets. The depth and breadth of our relationships, enriched by the velocity of our deal flow, provide clients unique insights to maximize value and unlock opportunity. Our integrated structure is built to provide comprehensive, tailored solutions for both issuing and investing clients. The Residential Structured Finance business focuses on originating and executing a variety of residential mortgage transactions, such as securitizations on behalf of clients as well as Goldman Sachs, advisory assignments, warehouse and term financing, and whole loan principalling. The business operates across a broad spectrum of products / asset classes, including non-performing and re-performing loans, prime jumbo, non-qualified mortgages, investor and residential transition loans, single family rental, manufactured housing, seconds, HELOCs, mortgage servicing rights, and land. The role will involve the sourcing, structuring, and marketing of securitizations which are either broadly marketed and sold to institutional investors or privately placed, warehouse and term financings, principal transactions, and advisory assignments (including involvement with asset portfolio sales, corporate restructurings / M&A, risk transfer transactions, etc). We collaborate with colleagues across Sales, Trading, Investment Banking and other parts of the firm to prosecute these opportunities. Scope of Role
Active client engagement on an ongoing basis including sourcing new opportunities, execution of live deals, and managing both RSF-proprietary and broader GS-shared client relationships. The candidate would work closely with colleagues from various internal teams, including but not limited to other parts of the Capital Solutions Group, Sales & Trading, and Investment Banking Perform due diligence on warehouse and term financings, securitization and investment opportunities, which includes market research, on-site evaluation, analytical risk-based modeling and asset valuation work, and assessment of legal, regulatory compliance and other risks. Review and negotiate underlying deal documentation and conduct transaction structuring Structuring - Structure securitizations across non-agency and non-traditional collateral sectors on both principal and third party transactions Documentation - Prepare term sheets and other marketing materials as well as ensure securitization related documents are correct and complete Product development – Collaborate to monitor market developments and devise novel and unique features to optimize securitization and bilateral financing structures; understanding the implication of and solving regulatory, structural and market challenges Model and research development – Work to develop financial models in support of transaction execution, rating agency interactions and investor dialogue Communication – Ability to interact with external clients, investors, rating agencies, accountants, other deal parties and internal teams regarding overall transaction and related details
We expect that this professional will be a key part of our client franchise and will participate in and travel to meetings and client events
Minimum education and experience required:
Associate: Bachelor’s degree plus 3+ years of non-agency Residential Mortgage-Backed Securities experience or related experience
Qualifications / Skills required: Structured products experience and demonstrated knowledge of fixed income markets Demonstrated financial modeling skills to understand and develop deal structure and cash flow waterfall models for revolving and amortizing transactions Experience using Intex and Bloomberg. Experience evaluating non-agency mortgage-backed securities Ability to communicate and work under tight timeframes with external clients and internal teams Enthusiastic, proactive team player that will drive transactions and projects Benefits
Healthcare & Medical Insurance We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance. We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year. Financial Wellness & Retirement We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities. Health Services We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices. Fitness To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount). Child Care & Family Care We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available. Benefits at Goldman Sachs Read more about the full suite of class-leading benefits our firm has to offer.
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Global Banking & Markets – Capital Solutions Group - Residential Structured Finance - Associate - New York location_on New York, New York, United States The Capital Solutions Group at Goldman Sachs brings together our financing, origination, structuring, distribution, and risk management capabilities across public and private markets. The depth and breadth of our relationships, enriched by the velocity of our deal flow, provide clients unique insights to maximize value and unlock opportunity. Our integrated structure is built to provide comprehensive, tailored solutions for both issuing and investing clients. The Residential Structured Finance business focuses on originating and executing a variety of residential mortgage transactions, such as securitizations on behalf of clients as well as Goldman Sachs, advisory assignments, warehouse and term financing, and whole loan principalling. The business operates across a broad spectrum of products / asset classes, including non-performing and re-performing loans, prime jumbo, non-qualified mortgages, investor and residential transition loans, single family rental, manufactured housing, seconds, HELOCs, mortgage servicing rights, and land. The role will involve the sourcing, structuring, and marketing of securitizations which are either broadly marketed and sold to institutional investors or privately placed, warehouse and term financings, principal transactions, and advisory assignments (including involvement with asset portfolio sales, corporate restructurings / M&A, risk transfer transactions, etc). We collaborate with colleagues across Sales, Trading, Investment Banking and other parts of the firm to prosecute these opportunities. Scope of Role
Active client engagement on an ongoing basis including sourcing new opportunities, execution of live deals, and managing both RSF-proprietary and broader GS-shared client relationships. The candidate would work closely with colleagues from various internal teams, including but not limited to other parts of the Capital Solutions Group, Sales & Trading, and Investment Banking Perform due diligence on warehouse and term financings, securitization and investment opportunities, which includes market research, on-site evaluation, analytical risk-based modeling and asset valuation work, and assessment of legal, regulatory compliance and other risks. Review and negotiate underlying deal documentation and conduct transaction structuring Structuring - Structure securitizations across non-agency and non-traditional collateral sectors on both principal and third party transactions Documentation - Prepare term sheets and other marketing materials as well as ensure securitization related documents are correct and complete Product development – Collaborate to monitor market developments and devise novel and unique features to optimize securitization and bilateral financing structures; understanding the implication of and solving regulatory, structural and market challenges Model and research development – Work to develop financial models in support of transaction execution, rating agency interactions and investor dialogue Communication – Ability to interact with external clients, investors, rating agencies, accountants, other deal parties and internal teams regarding overall transaction and related details
We expect that this professional will be a key part of our client franchise and will participate in and travel to meetings and client events
Minimum education and experience required:
Associate: Bachelor’s degree plus 3+ years of non-agency Residential Mortgage-Backed Securities experience or related experience
Qualifications / Skills required: Structured products experience and demonstrated knowledge of fixed income markets Demonstrated financial modeling skills to understand and develop deal structure and cash flow waterfall models for revolving and amortizing transactions Experience using Intex and Bloomberg. Experience evaluating non-agency mortgage-backed securities Ability to communicate and work under tight timeframes with external clients and internal teams Enthusiastic, proactive team player that will drive transactions and projects Benefits
Healthcare & Medical Insurance We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance. We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year. Financial Wellness & Retirement We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities. Health Services We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices. Fitness To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount). Child Care & Family Care We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available. Benefits at Goldman Sachs Read more about the full suite of class-leading benefits our firm has to offer.
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