Risk Division- Salt Lake City - Associate, Credit Risk - 3734300

Goldman Sachs•Salt Lake, UT

1d•Onsite

About The Position

The Associate, Credit Risk position at Goldman Sachs & Co. LLC in Salt Lake City, Utah, involves assessing and managing the risk of loss resulting from the failure of a counterparty to meet its contractual obligations across the firm’s trading and credit businesses. Key responsibilities include approving transactions, setting and monitoring credit exposure limits, and measuring potential losses from counterparty default. The role requires conducting in-depth analyses related to the causes and effects of credit events, performing sector and regional concentration analyses, and recommending and defending internal and regulatory risk ratings for counterparts and transactions. The associate will also conduct counterparty research, analyze corporate counterparts, and present findings and recommendations to senior management. Proactive monitoring and assessment of counterparts and industry subsectors, based on market indicators, regulatory guidance, rating agency commentary, and counterparty surveillance, is a critical aspect of the role, with timely reporting of relevant information and its impact to senior management.

Requirements

Master’s degree (U.S. or foreign equivalent) in Finance, Computational Finance and Risk Management, Economics, or a related field and one (1) year of experience in job offered or a related role OR Bachelor’s degree (U.S. or foreign equivalent) in Finance, Computational Finance and Risk Management, Economics, or a related field and three (3) years of experience in job offered or a related role
Prior experience must include one (1) year with Master’s degree or three (3) years with Bachelor’s degree with the following: applying accounting methods (both Generally Accepted Accounting Principle and International Financial Reporting Standards) to analyze financial reports and explain performance variances
Preparing reports on capital calls and financing portfolios as well as presenting findings in terms of credit exposures and lending counterparties to senior management
Analyzing credit documents such as underwriting memoranda and loan/derivative documentation
Experience with credit regulatory processes such as the Shared National Credit or Allowance for Loan and Lease Losses
Working with derivatives, loans and other products that give rise to credit risk to institutional counterparties
Using credit bureau data and other alternate data sources
Building financial models in Excel using advanced functionality, including macros, pivot tables, v-lookup, slicers, and h-lookup
Using Microsoft PowerPoint to produce and present analytical insights and highlight data trends
Utilizing Business Intelligence Software solutions, including Tableau, to provide actionable insights for Business decisions

Responsibilities

Assess and manage the risk of loss resulting from the failure of a counterparty to meet its contractual obligations across the firm’s trading and credit businesses
Approve transactions
Set credit exposure limits
Monitor adherence to those limits
Measure credit exposure and losses from counterparty default
Conduct in-depth analyses related to causes and effects of credit events
Conduct sector and/or regional (i.e. country) based concentration analyses
Recommend and defend internal and regulatory risk ratings for counterparts/transactions as required
Perform counterparty research reviews and analysis of corporate counterparts
Present findings and recommendations to senior management and answer questions relating to analysis performed
Proactively monitor and assess counterparts and industry subsectors including based on market indicators, regulatory guidance, rating agency commentary and counterparty surveillance
Report relevant information and its impact to senior management in a timely manner