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.
a) 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 findings
- Evaluate 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
b) Continuous Monitoring:
- Perform ongoing surveillance of assigned industry sectors, staying informed of trends / credit-related activities and identifying emerging risks
- Prepare 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; prior credit review, credit risk management, lending, regulatory supervision, or similar work experience
- Strong knowledge of credit analysis, ratings analysis or corporate finance is required
- Subject matter expertise in corporates, industrials, energy, technology / media / telecom, commercial real estate, asset secured lending and counterparty credit risk is a plus
- Experience with internal audit or credit/loan risk review process preferred
- Knowledge of banking regulations related to lending and risk management preferred
- Functional background or relevant experience in finance and accounting
- Knowledge of lending products, as well as capital markets/traded products
- Understanding of credit/loan & trading documentation
- Effective organizational skills and the ability to manage multiple assignments concurrently
- Highly motivated, adaptable, and able to learn quickly
- Strong analytical and communication skills
- Ability to function efficiently in a team environment
- Ability 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 skills
- Drive 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 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 –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 others
- Judgement 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 value
- Influencing 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
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.
We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. about our culture, benefits, and people at GS.com/careers.
We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. : https://www.goldmansachs.com/careers/footer/disability-statement.html
© The Goldman Sachs Group, Inc., 2023. All rights reserved.
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
