Finance, Credit Risk Management and Advisory (CRMA), Associate, London

Job description

Job Summary & Responsibilities

Application Opening Date: 29 October 2015
Application Closing Date: 25 November 2015
Location: London
Salary: Competitive
Full time

WHO WE ARE

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centres around the world.

WHAT WE DO

The Credit Risk Management & Advisory Department (CRMA) is a central part of Goldman Sachs' risk management framework, with primary responsibility for assessing, monitoring and managing credit risk at the Firm. CRMA is staffed globally with offices including New York, London, Frankfurt, Salt Lake City, Singapore, Sydney, Hong Kong and Tokyo. Understanding the credit quality of corporations, financial institutions and governments worldwide is an essential aspect of the firm’s ability to be an effective financial intermediary. Credit professionals with expertise in financial, credit and risk analysis work closely with many areas of the firm as well as clients in either an advisory or transactional capacity, offering a unique opportunity to gain a broad perspective on the activities of the Firm.

We partner with other divisions in the firm and externally with clients to support the firm’s wide array of banking and trading businesses. CRMA professionals are part of the value proposition of the firm and we balance our key functional responsibility of control with that of being commercial. CRMA has strong traditions of risk management, client service excellence and career development opportunities for our people.

   
RESPONSIBILITIES

As an Associate in CRMA based in London, your responsibilities may include the following:

- Protect the firm's capital by using in-depth knowledge of our clients, markets and trading products to determine risk tolerance
- Assess the credit and financial strength of the firm's corporate borrowers and counterparts by performing fundamental credit analysis using both quantitative and qualitative factors
- Review and approve loan and derivative transactions, determine appetite and regulatory ratings, monitor credit trends in the portfolio, perform distressed analysis and estimate potential impairments  
- Analyse the risks inherent in the products GS trades, including increasingly complex derivative transactions
- Coordinate with Sales & Trading, Investment Banking, Legal, Operations and Compliance to approve derivatives business and ensure appropriate documentation, limits and risk mitigants to protect against a counterpart default and minimize potential losses
- Monitor and report on the firm's trading exposure across products, sectors and regions

MANDATORY QUALIFICATIONS

- Minimum Bachelor's degree in Finance, Economics or a related discipline
- Experienced in credit risk management, with a background in corporate credit risk gained from investment banks
- 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 familiarity with regulatory rating requirements and application of such guidance
- Strong documentation (loan and/or derivatives), analytical, presentational and communication skills required
- Previous experience in project management
- Data analysis and reporting skills required
- Strong organizational skills and the ability to manage multiple assignments concurrently
- Proficient in Excel, PowerPoint and Word

PREFERRED COMPETENCIES

- 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 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 by presenting persuasive recommendations

 
Goldman Sachs is an equal opportunity employer. © The Goldman Sachs Group Inc., 2015. All rights reserved.

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