GBM - Private CSG, Bank Debt Portfolio Group – Letter of Credit, Vice President, New York

Goldman Sachs•New York, NY

58d•$150,000 - $300,000•Onsite

About The Position

Goldman Sachs operates at the intersection of public and private markets, combining its advisory, origination, and investing platforms. The Capital Solutions Group (CSG) offers a comprehensive suite of financing, origination, structuring, and risk management solutions. The Bank Debt Portfolio Group (BDPG), a specialized team within Transaction Execution & Risk Management (TERM), focuses on the execution and support of syndicated loans, including the commercial, structural, and risk-related aspects of Letters of Credit (LCs) for corporate clients where Goldman Sachs acts as the Issuing Bank. This is a front-office execution role that serves as a bridge between global deal teams, corporate clients, legal counsel, and back-office operations, focusing on pre-execution structuring, legal/textual negotiation, and transactional risk management.

Requirements

Bachelor’s degree in Finance, Economics, Law, or a related field (JD or MBA is a plus).
Minimum of 6–8+ years of experience in structured trade finance, debt capital markets, leveraged finance, or a specialized legal role focusing on letters of credit and bank guarantees.
Knowledge of the details of LC and bank guaranty issuance, processing and textual language in the US and jurisdictions around the world, as well as ISP, UCP and URDG.
Comprehensive understanding of both a variety of bank loan structures (Leveraged Finance (LevFin), Investment Grade (IG), Real Estate (RE) financing, Bilateral (BiLat) facilities, and Cash Collateralized structures) and all of the documentation around those deals (credit agreement, security agreements, cash deposit, LC text).
Deep, authoritative knowledge of ISP98 (International Standby Practices), UCP600 (Uniform Customs and Practice for Documentary Credits), and URDG758 (Uniform Rules for Demand Guarantees).
Proven track record of reviewing and negotiating complex legal documentation, including Credit Agreements, Security Agreements, Cash Deposit Agreements, and bespoke LC texts.

Nice To Haves

JD or MBA

Responsibilities

Partner with global CSG deal teams, corporate clients, and financial sponsors during the origination phase to structure LC facilities within complex debt transactions.
Act as the single point of contact coordinating between front-office deal teams/clients on one side, and LC Operations on the other, translating complex structured deals into clear, executable operational instructions.
Review, draft, and negotiate the specific "textual language" of standby LCs to protect Goldman Sachs from operational, legal, and financial risks (e.g., auto-drawing traps, unmanageable evergreen clauses, and ambiguous payment conditions).
Review and markup the LC-related sections of Credit Agreements, Security Agreements, and Cash Deposit/Collateral Agreements to ensure robust reimbursement mechanics and perfected security interests.
Ensure all issued instruments comply with local laws and regulatory frameworks across the US, Europe, Asia, and other global jurisdictions.
Apply deep expertise in international trade finance frameworks, ensuring all transactions align with ISP98, UCP600, and URDG758 standards.