The Goldman Sachs Group
Risk, Credit Risk, Vice President, New York
The Goldman Sachs Group, New York, New York, us, 10261
Department Overview
Credit Risk (CR) is responsible for managing the firm’s credit exposure to its trading and lending counterparties. Leveraging extensive expertise in financial, credit and risk analysis, CR ensures that credit exposure to our counterparts is managed within the firm’s risk appetite. CR operates through 12 offices worldwide and credit professionals work closely with many areas of the firm, gaining diverse financial experience and a broad perspective on how the entire firm functions. The interaction with numerous departments and the range of projects that ensue allow for a challenging, varied and multi‑dimensional work environment.
Responsibilities
Evaluating credit risk aspects of prime brokerage, synthetic equity swap, futures and clearing portfolios for Global Market clients
Reviewing and approving risk taking across Prime businesses by assessing risk of transactions through reviews of quantitative models, portfolio analysis, stress testing, and other methods
Working closely with first line teams in Global Markets to actively risk manage, underwrite complex client portfolios and focus situations through the market cycle
Negotiating credit and margin terms in trading documentation to protect against a default and minimize potential losses
Assessing the credit and financial strength of the firm’s hedge fund and funds counterparts by performing fundamental credit analysis of counterparties using both quantitative and qualitative factors
Qualifications
5–10 years of credit risk management experience
Experience with hedge funds and/or prime brokerage/clearing products is preferred
Demonstrable track record of independent decision making, strong communication skills, and displaying stature while communicating with team and at senior levels
Strong analytical and presentation skills required
Previous experience with leading and motivating a diverse team, providing guidance to and supervising junior members of the team
Bachelor’s degree in business or finance preferred
Competencies
Functional Expertise and Technical Skills – Demonstrates deep knowledge of financial markets, risk analysis and current risk management practices as well as strong technical skills required for the role. Values attention to details, takes initiative to broaden knowledge and demonstrates appropriate financial/analytical skills
Client and Business Focus – Effectively handles difficult requests, builds trusting, long‑term relationships with clients, helps the client to identify/define needs and manages client/business expectations
Teamwork – Gives evidence of 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 in a clear and concise manner, shares information/new ideas with peer group and team, while demonstrating judgment to elevate as appropriate
Judgment 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 and Influence – Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value. Takes a position on issues and influences others’ opinions by presenting 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 training and development opportunities and firm‑wide networks to benefits, wellness and personal finance offerings and mindfulness programs. We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.
Equal Employment Opportunity Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity.
Salary Range The expected base salary for this New York, New York, United States‑based position is $130,000–$260,000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year‑end.
Benefits Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non‑temporary, full‑time and part‑time US employees who work at least 20 hours per week, can be found here.
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Responsibilities
Evaluating credit risk aspects of prime brokerage, synthetic equity swap, futures and clearing portfolios for Global Market clients
Reviewing and approving risk taking across Prime businesses by assessing risk of transactions through reviews of quantitative models, portfolio analysis, stress testing, and other methods
Working closely with first line teams in Global Markets to actively risk manage, underwrite complex client portfolios and focus situations through the market cycle
Negotiating credit and margin terms in trading documentation to protect against a default and minimize potential losses
Assessing the credit and financial strength of the firm’s hedge fund and funds counterparts by performing fundamental credit analysis of counterparties using both quantitative and qualitative factors
Qualifications
5–10 years of credit risk management experience
Experience with hedge funds and/or prime brokerage/clearing products is preferred
Demonstrable track record of independent decision making, strong communication skills, and displaying stature while communicating with team and at senior levels
Strong analytical and presentation skills required
Previous experience with leading and motivating a diverse team, providing guidance to and supervising junior members of the team
Bachelor’s degree in business or finance preferred
Competencies
Functional Expertise and Technical Skills – Demonstrates deep knowledge of financial markets, risk analysis and current risk management practices as well as strong technical skills required for the role. Values attention to details, takes initiative to broaden knowledge and demonstrates appropriate financial/analytical skills
Client and Business Focus – Effectively handles difficult requests, builds trusting, long‑term relationships with clients, helps the client to identify/define needs and manages client/business expectations
Teamwork – Gives evidence of 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 in a clear and concise manner, shares information/new ideas with peer group and team, while demonstrating judgment to elevate as appropriate
Judgment 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 and Influence – Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value. Takes a position on issues and influences others’ opinions by presenting 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 training and development opportunities and firm‑wide networks to benefits, wellness and personal finance offerings and mindfulness programs. We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.
Equal Employment Opportunity Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity.
Salary Range The expected base salary for this New York, New York, United States‑based position is $130,000–$260,000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year‑end.
Benefits Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non‑temporary, full‑time and part‑time US employees who work at least 20 hours per week, can be found here.
#J-18808-Ljbffr