Capital Solutions Group
Goldman Sachs operates at the fulcrum of one of the most important structural trends in finance: the convergence of public and private markets. We combine the #1 global advisory franchise, a leading origination business, and an investing platform that deploys capital across liquid and alternative asset classes.
Our Capital Solutions Group is a comprehensive suite of our financing, origination, structuring, and risk management solutions. 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 that propel both our issuing and investing clients forward.
Bank Debt Portfolio Group (BDPG) – TERM
The Bank Debt Portfolio Group (BDPG) is a specialized team within the Transaction Execution & Risk Management (TERM). TERM operates at the intersection of the Capital Solutions Group (CSG), Leveraged Finance, and Risk. BDPG specializes in the execution and support of syndicated loans. Among a variety of roles, BDPG is also responsible for the commercial, structural, and risk-related aspects of Letters of Credit (LC) for corporate clients, where Goldman Sachs acts as the Issuing Bank.
This is a highly engaged, front-office-facing execution role. Within BDPG, it serves as the critical bridge between global deal teams, corporate clients, legal counsel, and back-office operations. This role is distinctly different from traditional LC Operations; it focuses on pre-execution structuring, legal/textual negotiation, and transactional risk management.
Role Overview
As a Vice President within the TERM group, you will help lead the structuring, negotiation, and execution of complex Letter of Credit transactions globally. You will act as the primary subject matter expert (SME) on LC mechanics, GS capabilities and textual language in credit agreements, advising global CSG deal teams and corporate clients on how to structure these instruments within broader debt facilities.
In this role, you will be expected to liaise on one side with all of the deal teams in CSG globally and their clients to help structure LCs within the context of deals and review documentation for any transaction where GS is an Issuing Bank, and on the other side with LC Operations. You will ensure that Goldman Sachs’ risk exposure as an Issuing Bank is minimized through rigorous document review and negotiation of credit agreements, security agreements, and LC texts.
Responsibilities
Basic Qualifications
Salary Range
The expected base salary for this New York, New York, United States-based position is $150000-$300000. 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 .
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
Job details are sourced from the employer's original posting.
Open job postingAbout the company
Our team of engineers builds solutions to the most complex problems. We develop cutting-edge systems and processes that form the core of our key business and enable transactions to move in milliseconds. We provide real-time access to critical deal information and crunch billions of data points each day to inform firm-wide market insights and strategies. Team members have the opportunity to work at the forefront of technology innovation alongside industry leaders and make significant contributions to the field.