Department overview
Credit Risk (CR) is responsible for managing the firmâs 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 firmâs 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.
Credit Research Group
Credit Research Group plays a key role in assessing the credit and financial strength of corporate, financial institution, and sovereign counterparties by performing fundamental credit analysis through writing research reviews (covering both the counterparty and industry in which the counterparty transacts). This team is also responsible for the ongoing surveillance of all corporate/financial institution/sovereign counterparties, assignment of internal credit ratings, and participation in regulatory exams.
RESPONSIBILITIES AND QUALIFICATIONS
Responsibilities
Performing Counterparty Analysis and Risk Management:
- Assess the credit and financial strength of the firm's corporate borrowers and counterparts by performing fundamental credit analysis of counterparties using both quantitative and qualitative factors
- Review and provide recommendations for loan transactions, determine appetite and regulatory ratings, monitor credit trends in the portfolio, perform distressed analysis and estimate potential impairments
- Analyze the credit implications on corporate clients of various financial transactions including debt, equity and hybrid offerings, mergers and acquisitions, restructuring and share repurchases
- Build and maintain financial projection models
- Present findings and recommendations to senior leadership and answer questions relating to analysis performed
- Monitor counterparties for changes in creditworthiness and take appropriate action
Other key responsibilities include:
- Working collaboratively with Risk Engineering colleagues to continually identify and solve for operating efficiency
- Spreading historical and projected financials in Credit systems and performing analysis including peer comparison to identify and document trends and anomalies necessary in assessing creditworthiness
- Coordinate with global colleagues in GS Risk teams as well as with other divisions
- Support key Risk governance and approval committees
Qualifications
- Minimum Bachelorâs degree in business or finance, Masters preferred
- 1-4 years of experience in a related corporate credit risk role with experience in credit analysis, ratings analysis, corporate finance and/or research desired
- Functional background or relevant experience in finance and accounting
- Highly motivated with strong academic background
- Team player with an ability to work effectively with colleagues in other regional offices
- Flexibility, ability to learn quickly
- Strong organizational skills and the ability to manage multiple assignments concurrently
- Familiarity with regulatory rating requirements and application of such guidance is preferred
- Strong analytical, presentational and communication skills require
