Divisional Overview
The Risk Division is a team of specialists charged with managing the firms credit, market, liquidity, and operational risk. Whether assessing the creditworthiness of the firms counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firms success. The division is ideal for collaborative individuals who have strong ethics and attention to detail.
Credit Risk (CR) is responsible for managing the firms 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 firms risk appetite. Staffed with more than 360 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.
Responsibilities
- Assess the credit and financial strength of the firm's Private Equity borrowers and counterparts by performing fundamental credit analysis.
- Review and approve loan transactions and determine appetite and regulatory ratings
- Coordinate with Global Banking and Markets, Legal, Operations and Compliance departments to approve derivatives business and ensure appropriate documentation, limits, and risk mitigants to protect against a counterpart default and minimize potential losses
- Analyze the risks inherent in the products GS transacts, including lending and derivative products
- Perform sector analysis regularly to assess portfolio concentration or trends
- Monitor, manage and report exposures at a counterpart, product, and portfolio level
Basic Qualifications
- 1-5 years work experience in credit risk management with preferable Fund, Hedge Fund, or Private Equity Fund experience
- 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 knowledge of 1) lending documentation and 2) ISDA / CSA, and other derivative trading agreements
- Ability to effectively interact and build relationships with senior management and global stakeholders
- Ability to handle adversity and to push back to improving terms to mitigate risk
- Ability to effectively engage with regulators and internal control functions including Internal Audit and Credit Review
Skills
- Functional Expertise - Keeps up to date with emerging business, economic, and market trends
- Technical Skills - Demonstrates strong technical skills required for the role, pays attention to details, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills
- Drive and Motivation - Successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
- Client 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 expectations
- Teamwork - 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' contributions
- Communication Skills - Communicates what is relevant and important in a clear and concise manner, shares information/new ideas with others, and demonstrates judgment to escalate as appropriate
- Judgment 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 issues
- Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded and have practical value
- Influencing Outcomes - Presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences others' opinions by presenting persuasive recommendations
