GBM - Private - Corporate Derivatives Underwriting Associate - Dallas

Goldman Sachs • Dallas, TX

11d

About The Position

The Corporate Derivatives Underwriting (CDU) team serves as the central
underwriting and risk function for interest rate, foreign exchange, and credit
derivative transactions executed by corporate, financial sponsor, government,
and financial institution clients of the Global Banking & Markets (GBM)
division. CDU is responsible for developing independent credit views on
derivative exposure, assessing transaction structure and legal documentation,
and coordinating closely with Sales, Credit Risk Management, and Legal and
Derivatives Documentation teams to support timely, well‑reasoned credit approval
decisions. Client activity spans strategic transactions such as M&A and
financings, as well as ongoing risk management programs.

The Associate will act as a primary underwriter on a broad range of
transactions, taking ownership of the underwriting process from initial
engagement through credit approval. This includes developing independent credit
views, identifying key risks and mitigants, coordinating cross‑functionally with
Sales, Credit Risk, Legal and Derivative Documentation teams, and exercising
sound judgment in fast‑moving and complex situations.

Associates are expected to go beyond summarization, applying rigorous analytical
judgment to assess credit quality, challenge assumptions where appropriate, and
articulate clear, well‑reasoned recommendations in underwriting memoranda.

Associates should develop and maintain a strong knowledge of derivative
products, exposure profiles, and legal documentation (including ISDA Master
Agreements, schedules, CSAs, Guarantees, and Credit Agreements), and understand
how documentation terms affect credit outcomes and risk.

Associates are expected to contribute to the continuous improvement of
underwriting processes, templates, and training materials, support onboarding
and development of junior team members, and act as a trusted point of contact
for internal stakeholders across regions and products.

Requirements

• High‑judgment, high‑ownership role at the intersection of markets, credit, and legal risk, with responsibility and influence on outcomes.
• Demonstrated ability to exercise independent judgment in credit or risk‑related roles
• Strong understanding of corporate finance
• Strong understanding of derivative products and/or financial risk management
• Comfort engaging with legal and documentation concepts
• Ability to manage senior stakeholders and communicate clearly under time pressure
• Interest in process design, problem‑solving, and platform building, not just deal execution
• Undergraduate Degree in Economics / Finance / Accounting related discipline
• 2-3+ years financial services experience; prior corporate finance or derivative experience preferred
• SIE, FINRA 63 and FINRA 79 qualified
• Keen interest in the financial markets
• Demonstrated technical proficiency: experience analyzing data and summarizing results to produce succinct high-impact presentations
• Team player
• Excellent communication skills
• Accurate and detail-oriented

Nice To Haves

• Undergraduate Degree in Economics / Finance / Accounting related discipline
• 2-3+ years financial services experience; prior corporate finance or derivative experience preferred
• SIE, FINRA 63 and FINRA 79 qualified
• Keen interest in the financial markets
• Demonstrated technical proficiency: experience analyzing data and summarizing results to produce succinct high-impact presentations
• Team player
• Excellent communication skills
• Accurate and detail-oriented

Responsibilities

• Act as a primary underwriter on a broad range of transactions, taking ownership of the underwriting process from initial engagement through credit approval.
• Developing independent credit views, identifying key risks and mitigants, coordinating cross‑functionally with Sales, Credit Risk, Legal and Derivative Documentation teams, and exercising sound judgment in fast‑moving and complex situations.
• Applying rigorous analytical judgment to assess credit quality, challenge assumptions where appropriate, and articulate clear, well‑reasoned recommendations in underwriting memoranda.
• Develop and maintain a strong knowledge of derivative products, exposure profiles, and legal documentation (including ISDA Master Agreements, schedules, CSAs, Guarantees, and Credit Agreements), and understand how documentation terms affect credit outcomes and risk.
• Contribute to the continuous improvement of underwriting processes, templates, and training materials, support onboarding and development of junior team members, and act as a trusted point of contact for internal stakeholders across regions and products.

What This Job Offers

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