GBM Private, Capital Solutions Group, Corporate Credit Portfolio Group , Credit Research Analyst, Associate/VP - New York
About The Position
Capital Solutions Group Goldman Sachs operates at the fulcrum of one of the most important structural trends in finance: the convergence of public and private markets. We combine the #1 global advisory franchise, a leading origination business, and an investing platform that deploys capital across liquid and alternative asset classes. Our Capital Solutions Group is a comprehensive suite of our financing, origination, structuring, and risk management solutions. The depth and breadth of our relationships, enriched by the velocity of our deal flow, provide clients unique insights to maximize value and unlock opportunity. Our integrated structure is built to provide comprehensive, tailored solutions that propel both our issuing and investing clients forward. Relationship Lending Group The Corporate Credit Portfolio Group manages Goldman’s relationship lending portfolio, a risk book with 100+ bln of corporate debt, ranging from investment grade to distressed. We are Street-facing and execute trading / hedging strategies in loans, CDS, bonds, options, tranches, and post-bankruptcy positions. The New York team is responsible for managing all of the group’s risk in the Americas. We are a small team, so each person is expected to gain expertise across a broad range of credits, industries, and products. The role focuses on managing the portfolio and is great for an experienced credit research analyst with a strong skillset in credit analysis / investment skills who enjoys working in a fast-paced, market-oriented environment. You will analyze corporate credit, price risk across capital structures, and guide portfolio risk management. Candidates should be interested in managing risk at the micro / single-name level and at the macro level across 1,000+ credits in every industry.
Requirements
- 3-5 years of experience in credit research and/or investing (buy-side or sell-side), and/or a related field such as investment banking and equity research. While there is the opportunity to learn more about distressed credit analysis and loans, we expect applicants to have strong fundamental credit skills, including financial modelling, valuation, relative value, and recovery analysis
- Facility with basic fixed income math, risk metrics, and credit products
- Familiarity with loans is a plus
- Progress toward CFA (any level) is a plus
Responsibilities
- Perform fundamental analysis on companies and sectors
- Develop, monitor, and update portfolio screens for news and price changes on 1,000+ credits
- Follow and develop a credit view on a subset of the ~100 most topical names
- Assist in executing cash and derivative trades
- Develop views on appropriate hedge strategy, candidates for sales, and target prices
- Value and mark positions, many of which are illiquid, by reviewing comps, extrapolating across the capital structure, and building models based on financial statements
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
