Global Banking & Markets – Capital Solutions Group - Residential Structured Finance - Vice President- New York

Goldman Sachs

119d • $125,000 - $250,000 • Onsite

About The Position

The Capital Solutions Group at Goldman Sachs brings together our financing, origination, structuring, distribution, and risk management capabilities across public and private markets. 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 for both issuing and investing clients.
The Residential Structured Finance business focuses on originating and executing a variety of residential mortgage transactions, such as securitizations on behalf of clients as well as Goldman Sachs, advisory assignments, warehouse and term financing, and whole loan principalling. The business operates across a broad spectrum of products / asset classes, including non-performing and re-performing loans, prime jumbo, non-qualified mortgages, investor and residential transition loans, single family rental, manufactured housing, seconds, HELOCs, mortgage servicing rights, and land. The role will involve the sourcing, structuring, and marketing of securitizations which are either broadly marketed and sold to institutional investors or privately placed, warehouse and term financings, principal transactions, and advisory assignments (including involvement with asset portfolio sales, corporate restructurings / M&A, risk transfer transactions, etc). We collaborate with colleagues across Sales, Trading, Investment Banking and other parts of the firm to prosecute these opportunities.
Scope of Role:
Active client engagement on an ongoing basis including sourcing new opportunities, execution of live deals, and managing both RSF-proprietary and broader GS-shared client relationships. The candidate would work closely with colleagues from various internal teams, including but not limited to other parts of the Capital Solutions Group, Sales & Trading, and Investment Banking
Perform due diligence on warehouse and term financings, securitization and investment opportunities, which includes market research, on-site evaluation, analytical risk-based modeling and asset valuation work, and assessment of legal, regulatory compliance and other risks. Review and negotiate underlying deal documentation and conduct transaction structuring
Structuring - Structure securitizations across non-agency and non-traditional collateral sectors on both principal and third party transactions
Documentation - Prepare term sheets and other marketing materials as well as ensure securitization related documents are correct and complete
Product development – Collaborate to monitor market developments and devise novel and unique features to optimize securitization and bilateral financing structures; understanding the implication of and solving regulatory, structural and market challenges
Model and research development – Work to develop financial models in support of transaction execution, rating agency interactions and investor dialogue
Communication – Ability to interact with external clients, investors, rating agencies, accountants, other deal parties and internal teams regarding overall transaction and related details
We expect that this professional will be a key part of our client franchise and will participate in and travel to meetings and client events

Requirements

• Vice President: Bachelor’s degree plus 8-10+ years of non-agency Residential Mortgage-Backed Securities experience or related experience
• Structured products experience and demonstrated knowledge of fixed income markets
• Demonstrated financial modeling skills to understand and develop deal structure and cash flow waterfall models for revolving and amortizing transactions
• Experience using Intex and Bloomberg.
• Experience evaluating non-agency mortgage-backed securities
• Ability to communicate and work under tight timeframes with external clients and internal teams
• Enthusiastic, proactive team player that will drive transactions and projects

Responsibilities

• Active client engagement on an ongoing basis including sourcing new opportunities, execution of live deals, and managing both RSF-proprietary and broader GS-shared client relationships.
• The candidate would work closely with colleagues from various internal teams, including but not limited to other parts of the Capital Solutions Group, Sales & Trading, and Investment Banking
• Perform due diligence on warehouse and term financings, securitization and investment opportunities, which includes market research, on-site evaluation, analytical risk-based modeling and asset valuation work, and assessment of legal, regulatory compliance and other risks.
• Review and negotiate underlying deal documentation and conduct transaction structuring
• Structure securitizations across non-agency and non-traditional collateral sectors on both principal and third party transactions
• Prepare term sheets and other marketing materials as well as ensure securitization related documents are correct and complete
• Collaborate to monitor market developments and devise novel and unique features to optimize securitization and bilateral financing structures; understanding the implication of and solving regulatory, structural and market challenges
• Work to develop financial models in support of transaction execution, rating agency interactions and investor dialogue
• Ability to interact with external clients, investors, rating agencies, accountants, other deal parties and internal teams regarding overall transaction and related details
• Participate in and travel to meetings and client events

Benefits

• Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience.
• A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees