At a Glance
- Tasks: Analyse corporate credit risk and manage a diverse portfolio of clients.
- Company: Join Goldman Sachs, a leading global investment banking firm with a commitment to diversity.
- Benefits: Enjoy competitive salary, wellness programs, generous vacation, and professional development opportunities.
- Other info: Dynamic team environment with excellent career growth potential.
- Why this job: Make an impact in risk management while working with top professionals in the industry.
- Qualifications: 3+ years in credit risk management and strong analytical skills required.
The predicted salary is between 70000 - 85000 £ per year.
The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm. Corporate Credit Risk manages a portfolio of corporate lending and derivatives trading clients and ensures best in class execution of transactions and ongoing portfolio management.
We are looking for a highly motivated individual who is able to deliver credit risk analysis on corporate transactions, on the basis of a thorough understanding of credit fundamentals, leveraged capital structures, and risks associated with lending and derivatives products. You will be responsible, from a Credit Risk standpoint, for a portfolio of EMEA Corporate clients, and you will be expected to manage it on the basis of a deep understanding of credit fundamentals, market trends, impact of changing regulatory requirements, and risks associated with lending and derivatives transactions.
Credit Risk works closely with the CRO / senior management to manage Goldman Sachs’ credit risk. Credit professionals protect the firm’s capital by using in-depth knowledge of our clients, markets, and trading products to make decisions on acceptable levels of the firm’s risk appetite. Staffed with 300 professionals, Credit Risk operates through 11 different offices around the world. Credit Risk provides a unique opportunity to develop a variety of professional skills and expertise in risk management while working on financial transactions.
RESPONSIBILITIES
- Assist in assessing the credit and financial strength of the firm's corporate borrowers and counterparties by performing fundamental credit analysis using both quantitative and qualitative factors.
- Support the review of lending and underwriting transactions (such as LBO, M&A, and relationship lending), contributing to the determination of risk appetite and regulatory ratings, by analysing cash flow projections and key documentation protection.
- Contribute to regular sector analysis to help assess portfolio concentrations or trends.
- Collaborate with Investment Banking/Financing group, Sales & Trading, Legal, Operations, and Compliance departments to support the approval of derivatives business and ensure appropriate documentation, limits, and risk mitigants to protect against counterparty default and minimise potential losses.
- Analyse the risks inherent in the products transacted by the firm, including lending, trading, and derivative products.
- Support the management of relationships with other areas of the firm, including Investment Banking, Asset Management, Global Markets, Controllers, Treasury, Legal, Compliance, and Technology.
BASIC QUALIFICATIONS
- Minimum of 3 years of credit risk management experience, with a background in corporate credit risk.
- Experience in investment banking products including loan products and derivatives.
- Demonstrable ability to contribute to independent decision-making processes and support client and business negotiations.
- Familiarity with regulatory rating requirements and application of such guidance.
- Strong documentation (loan and/or derivatives), analytical, presentational, and communication skills.
- Ability to work effectively within a diverse deal team, taking guidance from and supporting senior members of the team.
- Ability to communicate clearly and concisely within the firm, with the confidence to present transaction analyses and credit recommendations to senior management.
- Proficiency in MS Excel (including financial modelling, cash flow forecasting, and sensitivity analysis).
- Fluency in English (written and spoken); professional proficiency or fluency in German is a plus for managing local EMEA relationships.
- Progress toward or interest in pursuing professional certifications such as the CFA (Chartered Financial Analyst) or FRM (Financial Risk Manager) is an advantage.
COMPETENCIES
- Functional Expertise - Actively learns and keeps up-to-date with relevant business, economic, and market trends.
- Technical Skills - Demonstrates foundational technical skills required for the role, pays attention to details, and takes initiative to broaden knowledge and apply financial/analytical skills.
- Drive and Motivation - Successfully handles multiple tasks, takes initiative to improve performance, works diligently towards challenging goals, and persists in the face of obstacles or setbacks.
- Client and Business Focus - Effectively responds to requests, builds trusting relationships with colleagues and clients, helps identify/define needs, and manages expectations.
- Teamwork – Gives evidence of being a strong team player, collaborates with others within and across teams, encourages other team members, and acknowledges contributions.
- Communication Skills - Communicates relevant information in a clear and concise manner, shares information/new ideas, and escalates issues appropriately.
- Judgment and Problem Solving - Thinks ahead, anticipates questions, plans for contingencies, seeks alternative solutions, identifies clear objectives, and can analyse complex issues.
- Creativity/Innovation - Looks for new ways to improve current processes, including the proactive adoption and leverage of AI tools to enhance the speed and depth of credit assessments.
ABOUT GOLDMAN SACHS
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.
We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs.
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.
Risk, Credit Risk – Corporates, Associate, London employer: Goldman Sachs Group, Inc.
Goldman Sachs is an exceptional employer, offering a dynamic work environment in Birmingham that fosters collaboration and innovation. Employees benefit from comprehensive growth opportunities, a strong emphasis on work-life balance, and the chance to be part of a leading global financial institution that values diversity and inclusion.
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We think this is how you could land Risk, Credit Risk – Corporates, Associate, London
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