Department Overview

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 270 professionals, CR operates through 12 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.

Job Responsibilities

Assess the credit and financial strength of the firm's Financial Institution counterparts by performing fundamental credit analysis of both quantitative and qualitative credit factorsDetermine and manage the firm’s credit risk appetite across derivatives, loans, funding and deposits for a portfolio of Financial Institution counterpartsApprove derivative and funding transactions while ensuring appropriate documentation and risk mitigants to protect against default and minimize potential lossesPerform credit underwriting of lending transactions, contributing credit recommendations and support to the firm’s capital committee approval processRecommend and defend internal and regulatory risk ratings for counterparts/transactions as requiredOversee and approve or perform counterparty research reviews and analysis of Financial Institution counterpartsPresent findings and recommendations to senior management and answer questions relating to analysis performedProactively monitor and assess counterparts and industry subsectors including based on market indicators, regulatory guidance, rating agency commentary and counterparty surveillance and report relevant information and its impact to senior management in a timely manner

Basic Qualifications

Minimum of 5 years of experience covering Financial Institutions, either in a counterparty credit risk management role (preferred), fixed income research or other credit analyst roleIn depth knowledge of banks, CCPs, broker-dealers, finance companies, BDCs, CDFIs, mortgage companies, insurersKnowledge of derivatives, funding, and lending products and related trading and lending documentation (i.e., ISDA/CSA, MRA, MSFTA, credit agreements)Familiarity with regulatory risk rating requirements and application of such guidanceExperience leading due diligence discussions with company senior management teamsDemonstrable track record of independent decision making and the ability to steer client and business negotiations to successful outcomesStrong written and oral communication and presentational skillsExperience in presenting and defending credit work and findings to credit colleagues, senior management and other internal stakeholdersMust be able to lead and motivate an engaged and diverse team of credit professionals, providing guidance to and supervision of junior team membersStrong organizational skills and the ability to manage multiple assignments concurrentlyBachelor’s degree in Business Administration, Finance, or a related field

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 his/her knowledge and demonstrates appropriate financial/analytical skillsClient 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 – 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' contributionsCommunication Skills - Communicates in a clear and concise manner, shares information/new ideas with peer group and team, while demonstrating judgment to escalate as appropriateJudgment 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 issuesCreativity 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
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