The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.
BUSINESS UNIT OVERVIEW

The primary role of Credit Review is to independently assess the effectiveness of the Firm’s credit risk management processes. Credit Review is also responsible for providing senior management and the Board of Directors an objective and timely assessment of the credit portfolio. The group reports to the Chief Risk Officer (CRO) and is independent from Credit Risk.

 

RESPONSIBILITIES

As a member of Credit Review, you will be part of a team that conducts systematic reviews of wholesale credit portfolios, analyzing counterparty credit quality in order to determine the accuracy of risk identification in the portfolio as well as the adequacy of documentation, administration, policies, and procedures. 

Key responsibilities include:

Leading and participating in industry reviews as well as performing continuous monitoring on assigned industry sectors.

Industry Reviews:

Prepare detailed, independent analysis on individual credits in adherence with established credit review procedures and regulatory guidance. Document conclusions clearly and concisely.Periodically manage and lead industry reviews, guiding review team to meet key milestones. Effectively aggregate, document, and communicate findingsEvaluate adequacy of analysis completed by Credit Risk including, among other things, accuracy of credit ratings, timeliness of any rating changes, identification of potential credit weaknesses, and adherence to applicable policies and procedures, laws and regulations Effectively challenge Credit Risk’s ratings, policies, procedures, as warranted

Continuous Monitoring:

Perform ongoing surveillance of assigned industry sectors, staying informed of trends / credit-related activities and identifying emerging risksPrepare quarterly reports assessing the industry portfolio’s overall risk 

 

SKILLS / EXPERIENCE

Bachelor’s and/or Master’s degree 10+ years of banking or credit-related experience; significant prior credit review, lending, credit risk management, regulatory supervision, or similar work experienceStrong knowledge of credit analysis, ratings analysis, corporate finance and/or researchExperience with internal audit or credit/loan risk review process preferredKnowledge of banking regulations related to lending and risk management preferred Functional background or relevant experience in finance and accountingKnowledge of lending products, as well as capital markets/traded productsUnderstanding of credit/loan documentationEffective organizational skills and the ability to manage multiple assignments concurrentlyHighly motivated, adaptable, and able to learn quicklyStrong analytical and communication skillsAbility to function efficiently in a team environmentAbility to provide consultation and expert advice to management

 

COMPETENCIES 

Functional Expertise - Keeps up-to-date with emerging business, economic, and market trends Technical Skills - Demonstrates strong technical skills required for the role, exhibits attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skillsDrive and Motivation - Successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards challenging goals and persists in the face of obstacles or setbacksClient 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 expectationsTeamwork –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 othersJudgement and Problem solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives.  Sees the big picture and effectively analyses complex issues Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical valueInfluencing 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
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