Risk Division - Salt Lake City - Associate, Credit Risk - 9308635

Goldman Sachs • Salt Lake, UT

8h • Onsite

About The Position

Goldman Sachs & Co. LLC is seeking an Associate, Credit Risk in Salt Lake City, Utah. This role involves conducting counterparty research, analyzing internal credit ratings, assessing industry fundamentals, building financial projection models, and evaluating quantitative and qualitative factors for creditworthiness. The position requires recommending and defending risk ratings, performing ongoing surveillance of assigned counterparties, identifying and escalating risks, and presenting findings to senior management. Additionally, the role includes providing industry-specific and process training to new hires and junior analysts, assisting in the validation and updating of risk management methodologies, and supporting junior team members in improving team processes and efficiencies.

Requirements

• Master’s degree (U.S. or foreign equivalent) in Finance, Accounting, Economics, or a related field and one (1) year of experience in the job offered or a related role; OR Bachelor’s degree (U.S. or foreign equivalent) in Finance, Accounting, Economics, or a related field and three (3) years of experience in the job offered or a related role.
• Applying accounting methods (both Generally Accepted Accounting Principle and International Financial Reporting Standards) to analyze financial reports and explain performance variances.
• Working with regulatory processes such as the Shared National Credit (SNC) or Allowance for Loan and Lease Losses (ALLL).
• Building financial models in Excel using advanced functionality, including macros, pivot tables, v-lookup, slicers, and h-lookup and Microsoft PowerPoint, to produce and present analytical insights and highlight data trends.
• Utilizing Business Intelligence Software solution including Tableau.
• Working with derivatives, loans and other products that give rise to credit risk to institutional counterparties.

Responsibilities

• Complete counterparty research reviews and internal credit ratings analyses, including assessment of industry fundamentals, building financial projection models, and evaluation of various quantitative metrics and qualitative factors supporting creditworthiness.
• Recommend and defend internal and regulatory risk ratings for counterparts/transactions as required.
• Conduct ongoing surveillance and monitoring for assigned portfolio of counterparties, including identifying potential risks and escalating as appropriate.
• Present findings and recommendations to senior management and answer questions relating to analysis performed.
• Provide industry-specific training and review process / conceptual training to new hires and junior analysts.
• Assist in validating and updating internal risk management methodologies.
• Assist junior team members in executing deliverables across various projects to improve team processes and drive efficiencies.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level