Risk, Credit Review (Wholesale), Associate, Dallas
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Job Location:
Dallas, IA - USA
Monthly Salary:
Not Disclosed
Posted on:
21 hours ago
Vacancies:
1 Vacancy
Job Summary
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 firmssuccess. The division is ideal for collaborative individuals who have strong ethics and attention to detail.
Department Overview
Credit Review provides independent objective and timely assurance to the Board senior management and regulators on the effectiveness of the Credit Risk function by independently challenging and monitoring the adequacy of Credit Risks ratings risk management processes and controls and assessing the level of compliance with applicable policies and regulations. The group reports to the Chief Risk Officer (CRO) and is independent from Credit Risk.
Key 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. You will participate in industry reviews as well as perform continuous monitoring on assigned industry sectors.
Industry Reviews:
- Prepare detailed independent analysis on individual credits in adherence with established Credit Review procedures and regulatory guidance. Document conclusions clearly and concisely.
- 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
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 portfolios overall risk
Basic Qualifications
- Bachelors degree
- 2-4 years experience in counterparty credit analysis ratings analysis corporate finance and/or research
- Experience with internal audit or credit/loan risk review process is beneficial
- Knowledge of banking regulations related to lending and risk management is beneficial
- Functional background or relevant experience in finance and accounting
- Knowledge of lending products as well as capital markets/traded products
- Understanding of credit/loan documentation is beneficial
- 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
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
- Teamwork Collaborates effectively with other people 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 analyzes complex issues
- Creativity/Innovation - Looks for new ways to improve current processes and develops creative solutions that are grounded in reality and have practical value
- Influencing Outcomes - Presents sound persuasive rationale for ideas or a position on issues and influences others opinions and presents persuasive recommendations
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. Were 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. Learn more about our culture benefits and people at
Required Experience:
IC
Key Skills
- Loan Processing
- Sales Experience
- Account Management
- Banking
- Pricing
- Corporate Finance
- Customer Support
- Fair Housing Regulations
- Strategic Planning
- Underwriting
- Sales Management
- Channel Management
About Company
The Goldman Sachs Group, Inc. is a leading global investment banking, securities, and asset and wealth management firm that provides a wide range of financial services.
