RISK
Our Risk division develops comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities, lead projects, and contribute to the ongoing advancement of a robust risk management program. Effective coordination with executive management, business units, control departments and technology is critical for success.
BUSINESS UNIT
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.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
- Risk underwriting asset-based financing (e.g. loans secured discrete commercial real estate mortgage transactions, auto or loan portfolio warehousing and other collateral), including review of transactions, participate in approval process, and make recommendation of appetite
- Conducting in-depth analysis to assess the credit and financial strength of borrowers and counterparts in the REIT/Corporate Real Estate sector by performing fundamental credit analysis of counterparties using both quantitative and qualitative factors
- Review derivative and funding transactions while ensuring appropriate documentation and risk mitigants to protect against default and minimize potential losses
- Identify and escalate notable industry and performance trends and recommend appropriate action to senior team members
- Monitor the performance of counterparties in the portfolio, including adherence to covenants and analyzing the counterparties' performance relative to budget and/or underwriting expectations
- Support Credit Risk management senior leadership with analysis, reporting and presentations
- Coordinate with global colleagues in GS Risk teams as well as with other divisions, including Asset & Wealth Management, Global Banking & Markets, Controllers, Legal and Operations
SKILLS AND RELEVANT EXPERIENCE
- Bachelor's degree, 1-3 years of experience
- Strong willingness to learn in fast paced, team-based environment with a positive attitude required
- Strong interest and familiarity with finance, financial markets, and economic developments. Knowledge of credit risk, financial & equity markets, Structured Finance and/or Commercial Real Estate Financing is beneficial
- Strong analytical, communication, and organizational skills required
- Attention to detail, curious, motivated, self-starter, flexible and quick learner
- Team player with an ability to work effectively with colleagues in other regional offices
- Strong organizational skills and the ability to manage multiple assignments concurrently
