Risk, Credit Risk-Corporates, Vice President
Divisional Overview
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
Credit Risk (CR) is responsible for managing the firm’s credit exposure to its trading and lending counterparties. Leveraging its extensive expertise in financial, credit and risk analysis, CR ensures that credit exposure to our counterparts is managed within the firm’s risk appetite. Staffed with more than 300 professionals, CR operates through 11 different offices around the world and credit professionals work closely with many areas of the firm. Given this structure, CR professionals gain 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
- Assess the credit and financial strength of the firm's corporate borrowers and counterparties by performing fundamental credit analysis of counterparties using both quantitative and qualitative factors
- Review and approve loan transactions, determine credit appetite and regulatory ratings, monitor credit trends in the portfolio, perform distressed analysis and estimate potential impairments
- Analyze the credit implications for corporate clients of various financial transactions including debt, equity and hybrid offerings, mergers and acquisitions, restructurings 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 counterparty 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 counterparty, product and portfolio level
- Lead the execution and review of new transaction underwriting approvals, provide guidance to junior team members and communicate recommendations to senior stakeholders
Basic Qualifications
- Minimum of 8-12 years of credit risk management experience, with a background in corporate credit risk, portfolio management, lending, ratings, or a related field
- 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
Skills and Competencies
- Strong fundamental credit analysis, with ability to connect company performance, industry dynamics, transaction structure and documentation terms to credit risk appetite
- Able to identify key credit issues in complex or time-sensitive transactions, understand key diligence items, and reach well-supported conclusions
- Able to lead multiple transactions, allocate work effectively and maintain high standards under tight deadlines
- Strong financial modeling and accounting skills
- Strong written and verbal communication skills
- Excellent interpersonal skills with the ability to build strong working relationships across Risk, Investment Banking, Sales & Trading, Asset/Wealth Management, and other divisions
- High level of integrity and commitment to risk management
- Ability to develop, mentor, and coach junior team members
- Intellectual curiosity with an interest in financial markets, corporate finance, industry developments and evolving credit risks
