At a Glance
- Tasks: Join our dynamic team to underwrite loans for ultra-high net worth clients.
- Company: Goldman Sachs, a leader in private wealth management.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Opportunity to work with a diverse range of financial products.
- Why this job: Make a real impact in financial services while building your career.
- Qualifications: Strong analytical skills and experience in financial services preferred.
The predicted salary is between 60000 - 80000 € per year.
Do you have a strong financial background, experience in underwriting or credit analysis, and are you looking for a dynamic team on which to build your career? We are seeking candidates that are highly analytical and client focused to be part of our Private Lending Underwriting team, which is responsible for the underwriting and portfolio management of structured loans to ultra-high net worth individuals.
Our Impact Goldman Sachs Private Wealth Management (PWM) specializes in creating comprehensive wealth management plans for high net worth individuals and families, as well as select institutions, including foundations and endowments. PWM Teams work one‑on‑one with clients to advise and deliver customized strategies drawn from our deep investment experience, diverse wealth management capabilities and global reach.
Private Lending Underwriting (PLU) Based in London, PLU is primarily responsible for the underwriting of loans to GS Private Wealth Management (PWM) clients in EMEA. In this capacity, PLU assesses, underwrites, documents, and monitors the credit and business risks incurred in loan transactions. The underwriting process includes a thorough analysis of the borrower's financial condition, assessment of any collateral securing the loan, identification of risks and mitigants, among other items. Types of loans underwritten include commercial real estate, GS and third‑party private equity/hedge funds (including co‑invest facilities), aircraft, fine art, hobby properties, private company stock, yachts, marketable securities, etc.
PLU also ensures that the underwriting standards approved by the bank are adhered to in the loan approval process, with exceptions appropriately mitigated and documented. In addition, PLU participates in various business‑related initiatives, such as new product development and systems/operational enhancements. This is a client facing role that requires a sound risk mindset. It is transactional in nature but incorporates relationship management skills to provide our clients with customized solutions and unparalleled service.
How you will fulfill your potential
- Evaluate all risk and economic implications of transactions, using strong analytical and technical skills
- Work closely with the Regional Lending Team to advise and develop solutions for clients that meet their needs and remain within acceptable risk parameters for the Bank
- Develop and maintain a thorough understanding of the product suite offered in Private Lending.
- Ensure consistency in the underwriting process and with the standards prescribed in the Product Lending Guides
- Document the loan structure and analysis for credit approval and file documentation purposes
- Ensure that loan documentation is consistent with the approved terms and that appropriate risk ratings are assigned to each loan transaction
- Confirm compliance with all covenant and collateral monitoring procedures
- Ensure that loan approvals and policy exceptions are documented appropriately and that credit files are maintained in a satisfactory manner
- Interact with banking regulators on an as‑needed basis.
- Provide other support of GS International Bank loan portfolio as requested
- Foster strong communication with Regional Private Lending teams, Credit Risk Management, PWM teams, clients and the wider GS EMEA personnel
Requirements
- Experience within financial services and private wealth management
- A bachelor's degree and a relevant professional CFA or FRM qualification is considered a plus
- Experience covering structured lending (Credit Risk or Underwriting) directly in private wealth management is preferred
- Key skills include detailed knowledge of financial accounting, analysis, and modelling as well as product knowledge of structured wealth products
- Excellent communication skills, both written and oral
- Strong project management, multi‑tasking, and work organization skills
- Flexible, personable, confident, and self‑motivated while focusing on being a team player
- Desire to be part of a dynamic and growing business
- No licensing required for this role
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
Private Bank, Underwriter, Associate, London employer: CFA Institute
Goldman Sachs is an exceptional employer, offering a dynamic work environment in the heart of London where you can build a rewarding career in private wealth management. With a strong focus on employee growth and development, we provide comprehensive training and mentorship opportunities, alongside a collaborative culture that values innovation and client-centric solutions. Our commitment to diversity and inclusion ensures that every voice is heard, making Goldman Sachs not just a workplace, but a community dedicated to excellence.
StudySmarter Expert Advice🤫
We think this is how you could land Private Bank, Underwriter, Associate, London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with professionals on LinkedIn. You never know who might have the inside scoop on job openings or can refer you directly.
✨Tip Number 2
Prepare for interviews by researching the company and understanding their values. Tailor your responses to show how your skills align with their needs, especially in underwriting and client management.
✨Tip Number 3
Practice your pitch! Be ready to explain your experience in financial services and structured lending clearly and confidently. Highlight specific examples that demonstrate your analytical skills and client focus.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Private Bank, Underwriter, Associate, London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to highlight your financial background and any relevant underwriting or credit analysis experience. We want to see how your skills align with the role, so don’t be shy about showcasing your achievements!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about private wealth management and how you can contribute to our dynamic team. Keep it concise but impactful – we love a good story!
Showcase Analytical Skills:Since this role requires strong analytical skills, make sure to include examples of how you've used these in past roles. Whether it's through financial modelling or risk assessment, we want to see your thought process in action!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts and you’ll be set!
How to prepare for a job interview at CFA Institute
✨Know Your Numbers
Brush up on your financial knowledge, especially around underwriting and credit analysis. Be prepared to discuss specific examples of how you've evaluated risk and made decisions based on financial data.
✨Understand the Product Suite
Familiarise yourself with the types of loans and structured products mentioned in the job description. Knowing the ins and outs of commercial real estate, private equity, and other offerings will show your commitment and readiness for the role.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical prowess during the interview. Think of scenarios where you assessed risks or developed solutions for clients, and be ready to explain your thought process clearly.
✨Communicate Effectively
Since this role involves client interaction, practice articulating your ideas succinctly. Good communication is key, so consider mock interviews to refine your delivery and ensure you can convey complex information in an understandable way.
