Job Description

CRG - Associate

Global Risk

The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.

Job Summary & Responsibilities

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management 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 centers around the world.


Credit Risk ("CR") is a central part of the Goldman Sachs risk management framework, with primary responsibility for assessing, monitoring and managing credit risk at the Firm. CR is staffed globally with offices including New York, London, Frankfurt, Salt Lake City, Hong Kong, Warsaw 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 business. CR professionals are part of the value proposition of the firm, and we balance our key functional responsibility of control with that of being commercial. CR has strong traditions of risk management, client service excellence and career development opportunities for our people.


Below you will find the role and responsibilities of a typical Credit Research Group approver.

Key Responsibilities

A Approve counterparty research reviews and internal credit ratings analysis conducted by analysts. Analysis is expected to include:


o Assessment of industry fundamentals, financial strengths, and qualitative factors supporting counterparties' creditworthiness


o Financial models to assess the counterparties' ability to service its debt through cash flow projections


o Analysis of performance relative to budget and/or underwriting expectations, as well as adherence to covenants


A Analyze all credit facilities of the portfolio counterparties and recommend Regulatory Risk Ratings


A Present findings and recommendations to senior leadership and answer questions relating to analysis performed; escalate issues to CR senior management


A Lead efforts to produce ongoing surveillance and prepare portfolio observations for senior management


A Update and maintain existing internal rating methodology


A Ensure compliance with Credit Risk policy and procedures, and recommend adjustments as needed


A Provide both industry specific training and review process training to new hires and juniors analysts


A Opportunity to work on an industry team such as consumer, retail, healthcare, diversified industrials, technology, media and telecommunications.

Other key responsibilities include:

A Coordinate with global colleagues in GS Risk teams as well as with other divisions, including Investment Banking, Asset Management, Controllers, and Operations


A Support key Risk governance and approval committees


A Participate in regulatory examinations

Basic Qualifications

A Bachelor's Degree (US or foreign equivalent) in Business Administration, Finance, or a related field


A 3+ years of experience in the job offered or a related role.

Preferred Qualifications

A Experience in financial models including, but not limited to, future projections, valuation methods (such as DCF, Multiple based approach)


A Experience in presenting and defending research reports and findings to colleagues, senior management and internal stakeholders


A Experience in team environment, including experience providing training to junior colleagues and peers


A Highly motivated with strong academic background


A Strong analytical and communication skills, both oral and written


A Team player with an ability to work effectively with colleagues in other regional offices


A Flexibility, ability to learn quickly


A Strong organizational skills and the ability to manage multiple assignments concurrently

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.

We Offer Best-In-Class Benefits

Healthcare & Medical Insurance
We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.


Holiday & Vacation Policies
We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.


Financial Wellness & Retirement
We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees' priorities.


Health Services
We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.


Fitness
To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).


Child Care & Family Care
We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.


Benefits at Goldman Sachs
Read more about the full suite of class-leading benefits our firm has to offer.



Opportunity Overview
CORPORATE TITLE
Associate
OFFICE LOCATION(S)
Salt Lake City
JOB FUNCTION
Credit Risk
DIVISION
Risk Division